| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 60,949,345 | 86,371,676 | -29.43 | ||
| Gross Profit (Loss) | 1,432,559 | 3,293,105 | -56.5 | ||
| Operational Profit (Loss) | -19,681,405 | -5,402,007 | 264.33 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -21,846,577 | -7,072,316 | 208.9 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -21,810,026 | -7,075,363 | 208.25 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 1,196,079 | 23,006,105 | -94.8 | ||
| Profit (Loss) per Share | -0.82 | -0.27 | |||
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | 26,389,520 | 99.21 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | The decrease in sales for fiscal year 2025 is attributable to reduced sales activity due to short liquidity resulting from the acquisition process. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | Decrease in sales due to weak liquidity. Impairment of goodwill resulting from the valuation, charged to the statement of income for SAR 8.5 million. Recognition of an expected credit loss provision arising from the acquisition for SAR 3 million. Increase in finance costs by SAR 1.1 million, representing sukuk issuance interest during 2025. Increase in depreciation after the valuation of the factory’s assets by SAR 1.1. |
| Statement of the type of external auditor's report | Notice |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | We draw attention to Note No. (2-3) to the financial statements, which indicates that the Company incurred a net loss of SAR 21,846,577 for the year ended 31 December 2025. As at that date, the Company’s current liabilities exceeded its current assets by SAR 17,131,876, and its accumulated losses approached its share capital. These events and conditions, together with other matters outlined in Note No. (2-3) to the financial statements, indicate the existence of a material uncertainty that may cast significant doubt on the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern depends on the completion of the rights issue process, which the Company expects to complete during 2026. Accordingly, these financial statements have been prepared on a going concern basis. Our opinion has not been modified in respect of this matter. |
| Reclassification of Comparison Items | The company would like to clarify that certain comparative figures for the financial year ended 31 December 2024 were reclassified to conform to the current year's presentation, with no impact on net profit or loss or equity. The reclassification included the statement of profit or loss and other comprehensive income, whereby an amount of SAR 1,144,052 was reclassified from “provision for slow-moving inventory” to “cost of revenue”. Accordingly, the cost of revenue after reclassification became SAR 83,078,571, compared to SAR 81,934,519 as previously reported. As a result, the provision for slow-moving inventory after reclassification became nil, compared to SAR 1,144,052 previously reported. |
| Additional Information | - |
