| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 385 | 454 | -15.198 | 381 | 1.049 |
| Gross Profit (Loss) | 109 | 109 | - | 100 | 9 |
| Operational Profit (Loss) | 88 | 81 | 8.641 | 78 | 12.82 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 52 | 50 | 4 | 44 | 18.181 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 52 | 50 | 4 | 43 | 20.93 |
| 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) | 905 | 913 | -0.876 |
| Profit (Loss) per Share | 1.04 | 0.99 | |
| 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 | - | - | |
| 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 | Revenue decreased to SAR 385 million for the first quarter of financial year 2026 (“1Q 2026”) from SAR 454 million for the first quarter of financial year 2025 (“1Q 2025”), as a result of the decrease in volume |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Net Profit Attributable to Shareholders of the Company increased to SAR 52 million for 1Q 2026 compared to SAR 50 million for 1Q 2025, mainly due to the following reasons: a) The decrease of Selling, marketing and distribution expenses in 1Q 2026 compared to 1Q 2025, mainly as a result of non-periodic charges recorded in 1Q 2025. b) The decrease of finance charges in 1Q 2026 compared to 1Q 2025, mainly as a result of the decrease in borrowings. The above listed positive effects were partially offset by: c) The decrease in Other income in 1Q 2026 compared to 1Q 2025. d) The increase of Zakat and income tax expense in 1Q 2026 compared to 1Q 2025. EBITDA represents earnings before interest, tax, depreciation, and amortization. SSP recorded a positive EBITDA of SAR 109 million in 1Q 2026, compared to SAR 101 million in 1Q 2025. Due to the increase in working capital associated with the operating activities and higher capital expenditure, SSP recorded a positive free cash flow of SAR 1 million in 1Q 2026 compared to a positive free cash flow of SAR 210 million in 1Q 2025. Net debt decreased to SAR (29) million at the end of 1Q 2026 from SAR (155) million at the end of 1Q 2025. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Revenue increased to SAR 385 million for 1Q 2026 from SAR 381 million for the fourth quarter of financial year 2025 (“4Q 2025”), as a result of the mix product sold. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net Profit Attributable to Shareholders of the Company increased to SAR 52 million in 1Q 2026 compared to SAR 44 million in 4Q 2025, mainly due to the following reasons: a) The increase of gross profit in 1Q 2026 compared to 4Q 2025, mainly as a result of improved mix of products sold. b) The decrease of finance charges in 1Q 2026 compared to 4Q 2025, mainly as a result of the decrease in borrowing. EBITDA represents earnings before interest, tax, depreciation, and amortization. SSP recorded a positive EBITDA of SAR 109 million in 1Q 2026, compared to SAR 99 million in 4Q 2025. Due to the increase in working capital associated with the operating activities and the higher capital expenditure, SSP recorded a positive free cash flow of SAR 1 million in 1Q 2026 compared to a positive free cash flow of SAR 188 million in 4Q 2025. Net debt decreased to SAR (29) million at the end of 1Q 2026 from SAR (34) million at the end of 4Q 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) | - |
| Reclassification of Comparison Items | - |
| Additional Information | See attached document for the highlights of the quarter. |
| Attached Documents | Attached Documents |
