| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 319.8 | 628.1 | -49.084 | 353.3 | -9.482 |
| Gross Profit (Loss) | 159.3 | 309.7 | -48.563 | 103.9 | 53.32 |
| Operational Profit (Loss) | -46.2 | 243.4 | - | 79.8 | - |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 475.7 | 135.2 | 251.849 | 27.4 | 1,636.131 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 478.6 | 198.6 | 140.986 | -5.9 | - |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 5,776.9 | 5,177.7 | 11.572 |
| Profit (Loss) per Share | 1.27 | 0.36 | |
| 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 | - | - | |
| All figures are in (Millions) 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 main reason for the decrease in revenues during the current quarter compared to the same quarter of the last year by 49.1% with the amount of SAR 308 M million, mainly due to: - Decrease in revenues from property sales by 86% with the amount of SAR 263 M, due to the divestment of non-core lands in last year same quarter. - Decrease in infrastrucutre revenues by 20% with the amount of SAR 44 M. |
| 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 a decrease in revenues by SAR 308 M, net profit increased by SAR 340 M, primarily due to the recognition of a remeasurement gain on the investment in " Riyadh holding company " following the loss of significant influence. This resulted from the " Riyadh holding company " capital increase and the entry of a new partner wholly owned by the principal shareholder, which led to a reduction in "Al-Akria" ownership interest and the classification of the remaining investment as an equity investment at fair value through other comprehensive income (FVOCI). |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The main reason for the decrease in revenues during the current quarter compared to the previous quarter by 9.5% with the amount of SAR 33 M is mainly due to the following factors: - Decrease in revenues from property sales by 17% with the amount of SAR 9 M. - Decrease in revenues from from facility management by 34% with the amount of SAR 10 M. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Despite a decrease in revenues by SAR 33 M, net profit increased by SAR 448 M, primarily due to the recognition of a remeasurement gain on the investment in " Riyadh holding company " following the loss of significant influence. This resulted from the " Riyadh holding company " capital increase and the entry of a new partner wholly owned by the principal shareholder, which led to a reduction in "Al-Akria" ownership interest and the classification of the remaining investment as an equity investment at fair value through other comprehensive income (FVOCI). |
| 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) | We draw attention to note (5-a) to the interim condensed consolidated financial statements for the period ended 31 March 2026, as stated therein, certain land parcels owned by the Company are currently not available for use or development due to various reasons, of which certain reasons relate to the areas where these lands are located and other related to the fact that they are under study from specialised committees to resolve these matters. The management is currently communicating with the related government agencies and committees to address these reasons to allow the use of these lands. The impact on the net realisable value of these lands is still uncertain and depend on the final results of the study by the assigned committees. The carrying value of these lands amounted to SR 438 million as at 31 March 2026 (31 December 2025: SR 438 Million). We draw attention to note (5-b) to the interim condensed consolidated financial statements. for the period ended 31 March 2026, as stated therein, it has come to management’s attention that the land which was designated for the Al Widyan project is located within an area that is currently under study by the relevant government agencies with the aim of developing it, which may result into a fundamental change to the original project’s plan and may impact the land’s realisable value. The effect of the extent of this study remains uncertain and is dependent on future development by the relevant government agencies’ plan. The carrying value of the land and the capital work-in-progress amounted to SR 2.9 billion as at 31 March 2026 (31 December 2025: SR 2.9 billion). No modified conclusion has been expressed in respect of the above matters. |
| Reclassification of Comparison Items | Certain of the prior period amounts have been reclassified to conform to the presentation in the current period. |
| Additional Information | - |
