| 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 7% decrease in revenue during the current quarter of 2026 compared to the same quarter of the previous year, 2025, is due to a decline in sales volume for some of the company’s brands, as a result of demand patterns and changes in consumer behavior being affected by seasonality during the period. |
| 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 decrease in net profit during the current quarter of 2026 compared to the same quarter of the previous year 2025 is due to a decline in sales volume for some of the company’s brands, in addition to an increase in general and administrative expenses during the period. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The 16% increase in revenue during the current quarter of 2026 compared to the fourth quarter of 2025 is due to improved market conditions and higher sales volume resulting from seasonal changes in consumer patterns, as sales in the fourth quarter of 2025 were affected by the winter season and a decrease in demand for some products during that period. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The increase in net profit during the current quarter of 2026 compared to the fourth quarter of 2025 is due to improved sales resulting from seasonal changes in consumer patterns, in addition to the fact that the company made provisions for some receivables during the fourth quarter of 2025. |
| 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) | NA |
| Reclassification of Comparison Items | NA |
| Additional Information | The company's accumulated losses reached SAR 12,433,300, representing 41% of its capital, based on the financial results for the period ending March 31, 2026. The primary reason for the high percentage of accumulated losses is the company's allocation of provisions for certain receivables during 2025, which directly impacted its financial results. The company's management anticipates improved revenues in the coming periods, which will positively affect the company's results and contribute to reducing the percentage of accumulated losses in the future. The procedures and regulations applicable to companies listed on the Saudi Stock Exchange whose accumulated losses reach 35% or more of their capital will be applied. The company affirms its commitment to addressing these losses and improving its financial performance. Management is currently working on enhancing operational efficiency and exploring new revenue-generating opportunities. The company also emphasizes the importance of transparency and full disclosure to its shareholders and the public, and will disclose any material developments related to its financial position in a timely manner and in accordance with applicable regulations. |
