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Saudi Ground Services Co. announces its Interim Financial results for the Period Ending on 2026-03-31 (Three Months) | premargin

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	672,495	671,495	0.148	685,890	-1.952
Gross Profit (Loss)	107,569	163,283	-34.121	161,835	-33.531
Operational Profit (Loss)	27,400	95,801	-71.399	40,583	-32.484
Net Profit (Loss) Attributable to Shareholders of the Issuer	60,452	97,627	-38.078	106,206	-43.08
Total Comprehensive Income Attributable to Shareholders of the Issuer	60,452	97,627	-38.078	114,551	-47.226
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Shareholders Equity (after Deducting Minority Equity)	2,626,047	2,423,321	8.365
Profit (Loss) per Share	0.32	0.52
All figures are in (Thousands) 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 (Thousands) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is	The Company recorded a total revenue of SAR 672.5 million for the current quarter compared to SAR 671.5 million in the same quarter last year. The revenue reflected the increase in operational activities during the Umrah season at the beginning of the quarter, which was impacted by a decline towards the end of the quarter.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	Despite the decline in operational activity at the end of the current quarter, the Company recorded a net profit of SAR 60.5 million for the current quarter compared to a net profit of SAR 97.6 million in the same quarter of the last year. The results were mainly driven by the increase in operating expenses by SAR 56.7 million, reflecting higher operational requirements to support the increased operational activities during the Umrah season at the beginning of the quarter, prior to operation levels declined towards the end of the quarter. This impact was partially offset by a decrease in Zakat expense by SAR 34.7 million compared to the same quarter of the last year, due to the reversal of Zakat provisions related to prior years. In addition, other income increased by SAR 4.1 million, while general and administrative expenses increased due to exceptional non-recurring costs amounting to SAR 16.1 million.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The Company recorded a total revenue for the current quarter amounting to SAR 672.5 million compared to SAR 685.9 million in the previous quarter. The revenue reflected the increase in operational activities during the Umrah season at the beginning of the quarter, which was impacted by a decline towards the end of the quarter.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	Despite the decline in operational activities at the end of the current quarter, the Company recorded a net profit of SAR 60.5 million for the current quarter compared to a net profit of SAR 106.2 million in the previous quarter. The results were mainly driven by an increase in operating expenses by SAR 40.9 million, reflecting higher operational requirements to support the increase in operational activities during the Umrah season at the beginning of the quarter, prior to operations declined towards the end of the quarter. This impact was partially offset by a decrease in impairment losses by SAR 46.1 million along with the reduction in Zakat expense by SAR 8.2 million compared to the previous quarter. In addition, share of results from equity-accounted investments decreased by SAR 39.6 million.
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	The Company recorded total revenue of SAR 672.5 million for the current quarter compared to SAR 671.5 million in the same quarter of the last year. Gross profit reached SAR 107.6 million compared to SAR 163.3 million in the same quarter of the last year. Operating profit for the current quarter amounted to SAR 27.4 million compared to an operating profit of SAR 95.8 million in the same quarter of the last year. Net profit for the current quarter reached SAR 60.5 million compared to SAR 97.6 million in the same quarter of the last year. The Company has no minority interest, and total shareholders’ equity reached SAR 2,626.0 million at the end of the current quarter compared to SAR 2,423.3 million at the end of the same quarter of the last year. In addition, retained earnings for the current quarter amounted to SAR 746.0 million, representing an increase of SAR 60.5 million compared to the previous quarter, where retained earnings stood at SAR 685.5 million.