| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 11,088.8 | 10,762.92 | 3.03 | ||
| Gross Profit (Loss) | 2,463.72 | 2,409.75 | 2.24 | ||
| Operational Profit (Loss) | 361.31 | 449.04 | -19.54 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 250.1 | 511.02 | -51.06 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 267.97 | 499.93 | -46.4 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 1,226.65 | 1,372.68 | -10.64 | ||
| Profit (Loss) per Share | 0.28 | 0.57 | |||
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Millions) 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 | Growth in sales driven by the stores openings and diversification of sales channels. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The previous year's results included non-recurring gains of approximately SAR 161.3 million (after zakat) from the initial public offering of the Fourth Milling Company, as well as the reversal of zakat provisions for prior years amounting to SAR 17.7 million. Excluding these non-recurring items, the decrease in net profit would have been 24.7%. This is attributed to a decline in profit margins resulting from the company's promotional offers and discounts aimed at maintaining its market share, which contributed to a 3.03% growth in sales. Additionally, operating costs across various sales channels increased, and the results were impacted by higher expenses associated with opening new stores (less than two years of operation), most notably the cost of financing lease contracts in accordance with IFRS 16. On the other hand, the performance of associates improved during the current period. Rental income increased due to the leasing of new spaces, lease financing income, and the renewal of the lease contract of the shopping mall in Dammam. Profits from the labor services sector of the subsidiary, Mu'een Human Resources Company, also increased, in addition to a decrease in administrative and general expenses. |
| Statement of the type of external auditor's report | Unmodified opinion |
| 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) | Not Applicable |
| Reclassification of Comparison Items | Some comparative figures have been restated to be consistent with the presentation of the current year. |
| Additional Information | It is worth mentioning that, due to the implementation of a modern ERP system starting from November 1, 2025, some logistics operations were affected, which negatively impacted sales and consequently the company’s operating profits for the fourth quarter. This impact is not recurring, God willing, as logistics operations have begun to improve, thanks be to God. During the current year, the Company opened (12) twelve stores and shut down (5) five stores , compared to opening (50) fifty stores and shut down (1) one store during the last year. |
