| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 2,441,045 | 2,299,260 | 6.17 | ||
| Gross Profit (Loss) | 691,806 | 641,609 | 7.82 | ||
| Operational Profit (Loss) | 364,831 | 360,517 | 1.2 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 313,621 | 352,770 | -11.1 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 311,637 | 350,247 | -11.02 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 1,574,853 | 1,451,816 | 8.47 | ||
| Profit (Loss) per Share | 3.82 | 4.3 | |||
| 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 | - | - | |
| All figures are in (Thousands) 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 | The Company's revenue increased from SAR 2,299.3 million to SAR 2,441.0 million in 2025 compared to 2024, representing a year-on-year growth of 6.2%. This growth was primarily driven by higher performances in the inflight catering, business lounge and non-airline segments, which have substantially enhanced the Company’s overall financial results. The operations commenced at the Red Sea Project in the 4th quarter of 2025, which also boosted 2025 revenue. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The Company has reported a net profit after Zakat of SAR 313.6 million for the year ended 31 December 2025, compared to SAR 352.8 million for the year ended 31 December 2024. Additionally, the total comprehensive income for 2025 amounted to SAR 311.6 million, compared to SAR 350.2 million in the prior year. This decrease was mainly driven by the following: • Finance costs on lease liabilities recognized under IFRS 16 increased from SAR 12.9 million in 2024 to SAR 30.3 million in 2025. • Decrease in finance income from short-term deposits in 2025. • An adverse movement in the share of profit from investment in associated company, shifting to a share of loss of SAR 5.2 million in 2025 from a share of profit of SAR 11.4 million in 2024 (negative variance of SAR 16.6 million). The earnings per share amounted to SAR 3.82 in 2025, compared to SAR 4.30 in the previous year, representing a decrease of 11.2%. The decrease in net profit resulting from higher finance costs, decrease in finance income, and the share of loss from the associated company has caused Earnings per share to decrease. The gross profit amounted to SAR 691.8 million in 2025, compared to SAR 641.6 million in the previous year, representing an increase of 7.8%, resulting from an increase in revenue. The operational profit amounted to SAR 364.8 million in 2025, compared to SAR 360.5 million in the previous year, representing an increase of 1.2% due to the net impact between the difference of the higher gross profit and the increase in general and administrative expenses. |
| 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) | None |
| Reclassification of Comparison Items | NA |
| Additional Information | - |
