| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | Cherry total revenue in 1Q 2026 increased by 46% year - on - year to SAR 148.4 million, primarily driven by increase in lease and used car sales revenue. Long term lease revenue in 1Q 2026 increased by 12% as compared to 1Q 2025 mainly due to new contracts. Short term rental revenue also increased by 12% as compared to 1Q 2025 mainly due to addition of new fleet for Short term rental segment and opening of new branches. Revenue from sale of used vehicle increased by 403% mainly driven by more sale returning on expiration of long-term lease contracts. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The increase in the net profit during the current quarter compared to the same quarter in last year is mainly driven by higher revenue (significant growth in long term lease and sale of used vehicle), improved operational efficiency, and disciplined cost control. These factors strengthened both gross and operating profit, offsetting challenges from higher financing expenses, and increased depreciation from fleet expansion. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Cherry's net revenue amounted to SAR 148.4 million, reflecting a 8% decrease compared to the previous quarter, primarily due to decrease in Long term lease and sale of used vehicle revenue. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net profit increased to SAR 18.4 showing an increase of 3% quarter - on- quarter compared to 3Q 2025 primarily driven by improved operational efficiency, and disciplined cost control. These factors strengthened both gross and operating profit, offsetting challenges from higher financing expenses, and increased depreciation from fleet expansion. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| 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) | None |
| Reclassification of Comparison Items | None |
| Additional Information | - |