| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 91.82 | 150 | -38.786 | 103.01 | -10.863 |
| Gross Profit (Loss) | 3.02 | 9.92 | -69.556 | -4.48 | - |
| Operational Profit (Loss) | -19.42 | -12.75 | 52.313 | -154.57 | -87.436 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 7.21 | -24.4 | - | -171.26 | - |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 7.32 | -24.34 | - | -173.1 | - |
| 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) | 61.93 | 257.07 | -75.909 |
| Profit (Loss) per Share | 0.11 | -0.41 | |
| 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 | - | - | |
| Accumulated Losses | 583.1 | 89.42 | |
| 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 decrease in revenue during the current quarter compared to the corresponding quarter of the previous year was mainly attributable to lower revenue from the printing and packaging segments. The revenues of both segments were impacted by market changes, which resulted in a reduction in business volume across both segments. |
| 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 increase in net profit during the current quarter compared to the corresponding quarter of the previous year was mainly attributable to the recognition of income resulting from the conversion of loans into equity amounting to SAR 31.35 million, in addition to lower finance costs. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The decrease in revenue during the current quarter compared to the previous quarter was mainly attributable to lower revenue from the printing and packaging segments. The revenues of both segments were impacted by market changes, which resulted in a reduction in business volume across both segments. |
| 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 compared to the previous quarter was mainly attributable to the recognition of income resulting from the conversion of loans into equity amounting to SAR 31.35 million, in addition to lower finance costs and the recognition of an impairment loss on goodwill in the previous quarter. |
| 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) | Material Uncertainty Related to Going Concern We draw attention to Note 1 in the interim condensed consolidated financial statements, which indicates that the Group incurred a net profit of SAR 7.2 million for the three-month period ended 31 March 2026 (31 March 2025: net loss of SAR 24.4 million) and that, as at that date, the Group’s current liabilities exceeded its current assets by SAR 332.8 million (31 December 2025: SAR 399.7 million). In addition, the Group had accumulated losses of SAR 583.1 million as at 31 March 2026 (31 December 2025: SAR 590.3 million), representing approximately 89.4% (31 December 2025: 98.4%) of the share capital. These events and conditions, as further described in Note 1, indicate a material uncertainty that may cast significant doubt on the Group’s ability to continue as a going concern. Our conclusion is not modified in respect of this matter. |
| Reclassification of Comparison Items | Certain figures for the comparison period have been reclassified to conform with the presentation for the current period. |
| Additional Information | • Total revenue for the current quarter amounted to SAR 91.82 million, compared to SAR 150 million for the corresponding quarter of the previous year, representing a decrease of 38.79%, and compared to SAR 103.01 million in the previous quarter, representing a decrease of 10.86%. • Total shareholders’ equity, after excluding non-controlling interests, amounted to SAR 61.93 million at the end of the current quarter, compared to SAR 257.07 million for the corresponding quarter of the previous year, representing a decrease of 75.91%, and compared to SAR 12.28 million at the end of the previous quarter, representing an increase of 404.3%. • Total comprehensive income for the current quarter amounted to SAR 7.32 million, compared to a comprehensive loss of SAR 24.34 million for the corresponding quarter of the previous year, and compared to a loss of SAR 173.1 million for the previous quarter. • Accumulated losses amounted to SAR 583.1 million, representing 89.42% of the share capital. • Loss after Zakat & tax for the period from discontinued operations for the current quarter amounted to SAR 1.07 million, compared to SAR 0.74 million for the corresponding quarter of the previous year. |
