| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 6,347,958,607 | 5,677,685,762 | 11.8 | ||
| Gross Profit (Loss) | 2,165,748,298 | 1,893,784,751 | 14.36 | ||
| Operational Profit (Loss) | 395,727,489 | 369,064,995 | 7.22 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 269,931,705 | 272,158,318 | -0.82 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 285,396,223 | 258,580,444 | 10.37 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 1,530,037,332 | 1,398,949,216 | 9.37 | ||
| Profit (Loss) per Share | 0.24 | 0.24 | |||
| 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 | - | - | |
| 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 | BinDawood Holding (BDH) Revenue Performance – FY 2025 • Total Revenue: Achieved SAR 6,348.0 million • Annual Growth: Represents an 11.8% rise over FY 2024 (SAR 5,677.7 million) Key Reasons for Growth: 1. Retail BinDawood and Danube (Grocery Stores): Growth driven by: o Contribution from new store openings (9 stores) and complete integration of the 2024 rollout. o Noticeable rebound in H2 2025 supported by enhanced customer engagement activity, after a short-term sales slowdown in Q2 2025 caused by the change in customer’s preferences. Zahrat Al Rawdah (Pharma Stores): Growth driven by: o Improved like-for-like revenue growth. o Contribution from 14 newly launched independent stores. o Expansion through 27 integrated pharmacies within BinDawood and Danube stores. o Consolidation impact from February 2025 onward. o Operational synergies realized through efficiency enhancements. 2. Distribution: Jumairah Trading Company: Growth driven by: o Expanded merchandise assortment and entry into new categories. o Upside from peak “Back-to-School” seasonality. o Full-year consolidation impact in 2025 from the August 2024 acquisition. o Partial contribution from Toy Triangle acquisition in Q4 2025. 3. Tech: International Applications trading Company (IACO): Growth driven by: o Increase in the number of online orders driven by the expansion of in-store online operations and dark stores. o Addition of aggregators to the online segment. Ykone: Growth driven by: o High-level performance from Ykone in the Middle East. o Upgraded financial outcomes across the Western Europe market. o Full-year consolidation of Barcode Company operations. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | Gross Profit: Growth driven by: o Rose 14.4% to SAR 2,165.7 million; margins expanded from 33.4% to 34.1%. Volume Drivers: o Driven by improved like-for-like performance across all the segments. o Additional uplift from retail pharmacy consolidation and a full year of distribution operations. Margin Catalysts: o Stable grocery margins supported by product mix and supplier income, despite competitive pricing and sector-wide cost pressures. o Effective synergy realization between pharmacy and distribution sectors within the core retail platform. Operating Expenses: Totaled SAR 1,775.9 million in FY 2025, rising from SAR 1,531.0 million in FY 2024. Contributing Factors: o New store openings and the openings made last year increased absolute operating expenses; however, they did not affect the operational expenses -to-sales ratio in the retail segment. o Stable grocery opex margins reflect effective cost synergies and operational efficiency. o Consolidation of opex driven by the retail pharmacy following its acquisition in February 2025 including partial one-off acquisition costs and full-year impact of opex of distribution segment. o Additional incremental opex relates to the Toy Triangle acquisition in Q4 2025. o Higher opex related to the mega dark store, which were incurred in the current year as the pilot phase commenced. Operating profit Increased by 7.2% to SAR 395.7 million (2024: SAR 369.1 million). Growth was driven by: o Improved performance across all operating segments and margin-accretive acquisitions. o Strategic expansion into higher-margin pharmacy and distribution segments increased the gross margin to 34.1%. o Despite expansion, the OPEX-to-sales ratio in the core retail segment remained stable. However, operating expenses (OPEX) rose by 16.0% due to infrastructure scaling and segment expansion. o Strong operating leverage, disciplined cost management, and improved operational efficiency supported sustainable and high-quality earnings growth. Net Profit: Despite better operational performance, Net Profit slightly decreased by 3.6% in FY 2025 (SAR 270.0 million, compared to SAR 280.2 million in the previous year). Contributing Factors: o Higher Finance Costs: Net profit was impacted by increased finance expenses related to the bank loan secured to partially fund the acquisition of Zahrat Al Rawdah in Q1 2025. o Lower Finance Income: Finance income declined year-on-year due to lower surplus cash balances following the strategic deployment of funds for the acquisitions of Zahrat Al Rawdah and Toy Triangle. |
| 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 | None |
| Additional Information | Changes in the Statement of Financial Position as at 31 December 2025 were as follows: • Non-current assets: Increased due to increase of property and equipment, goodwill and right-of-use assets. • Current assets: Rose slightly, driven by higher inventories and receivables. • Current liabilities: Increased mainly due to increase of the current portion of bank borrowings and accounts payable, accruals and other liabilities. • Non-current liabilities: Increased due to increased lease liabilities and non-current portion of bank borrowings. • Total equity: Improved mainly due to an increase in retained earnings. |
| Attached Documents | Attached Documents |
