| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 25,251,798 | 24,178,924 | 4.437 | 23,153,778 | 9.061 |
| Gross Profit (Loss) | 6,764,984 | 5,803,126 | 16.574 | 7,044,215 | -3.963 |
| Operational Profit (Loss) | 3,812,612 | 3,085,480 | 23.566 | 3,955,830 | -3.62 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -475,544 | -2,715,269 | -82.486 | -5,847,335 | -91.867 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -523,959 | -2,644,668 | -80.188 | -5,895,751 | -91.112 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 48,405,576 | 51,547,809 | -6.095 |
| Gross Profit (Loss) | 13,809,199 | 14,731,730 | -6.262 |
| Operational Profit (Loss) | 7,768,442 | 8,307,202 | -6.485 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -6,322,879 | 2,287,895 | - |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -6,419,710 | 2,429,096 | - |
| Total Shareholders Equity (after Deducting Minority Equity) | 131,005,992 | 153,935,289 | -14.895 |
| Profit (Loss) per Share | -0.51 | 0.18 | |
| All figures are in (Actual) 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 (Actual) 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 increased by 4.4% to SAR 25.3 million during the current quarter, representing an increase of SAR 1.1 million compared to SAR 24.2 million in the corresponding quarter of the previous year. This increase was primarily driven by higher sales volumes resulting from increased demand for the Company's products. |
| 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 loss decreased by 82.5% to SAR 0.48 million during the current quarter, compared to a net loss of SAR 2.72 million in the corresponding quarter of the previous year, representing an improvement of SAR 2.24 million. This improvement was primarily attributable to the following: Gross profit increased by SAR 0.96 million, representing a 16.6% increase. Fair value losses on financial assets at fair value through profit or loss (FVTPL) decreased to SAR 3.18 million, compared to SAR 4.36 million in the corresponding quarter of the previous year. The Company recognized other income of SAR 0.31 million, compared to other expenses of SAR 0.90 million in the corresponding quarter of the previous year. This improvement was partially offset by: An increase in finance costs to SAR 0.94 million, compared to SAR 0.34 million, primarily due to the bank financing facilities obtained by the Company. A decline in dividend income received from financial assets at fair value through profit or loss to SAR 0.07 million, compared to SAR 0.47 million in the corresponding quarter of the previous year. An 11.2% increase in general and administrative expenses, driven by the Company's expansion through the acquisition of industrial assets in Jeddah, Riyadh, the Eastern Province, and Hail, in addition to its expansion in the Qassim region. These strategic investments are intended to strengthen the Company's operational capabilities, increase production capacity, expand its geographical presence across the Kingdom, support the growth and diversification of revenue sources, and enhance operational efficiency. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Revenue increased by 9.1% to SAR 25.3 million during the current quarter, representing an increase of SAR 2.1 million compared to SAR 23.2 million in the previous quarter. This increase was primarily attributable to higher sales volumes driven by increased demand for the Company's products, as well as the acquisition of new customers. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net loss decreased by 91.9% to SAR 0.48 million during the current quarter, compared to a net loss of SAR 5.85 million in the previous quarter, representing an improvement of SAR 5.37 million. This was primarily attributable to a reduction in fair value losses on financial assets at fair value through profit or loss (FVTPL) to SAR 3.18 million, compared to SAR 8.31 million in the previous quarter, representing a decrease of SAR 5.13 million. In addition, the Company recognized other income of SAR 0.31 million, compared to other expenses of SAR 0.02 million in the previous quarter, while finance costs decreased to SAR 0.94 million, compared to SAR 1.08 million in the previous quarter. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Revenue decreased by 6.1% to SAR 48.4 million during the current period, representing a decrease of SAR 3.1 million compared to SAR 51.5 million in the corresponding period of the previous year. This decline was primarily attributable to a lower average selling price during the current period compared to the corresponding period of the previous year. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The Company reported a net loss of SAR 6.32 million during the current period, compared to a net profit of SAR 2.29 million in the corresponding period of the previous year, representing an adverse variance of SAR 8.61 million. This was primarily attributable to the following: An increase in fair value losses on financial assets at fair value through profit or loss (FVTPL) to SAR 11.49 million, compared to SAR 3.03 million in the corresponding period of the previous year. An increase in finance costs to SAR 2.02 million, compared to SAR 0.67 million, primarily due to the bank financing facilities obtained by the Company. A decrease in gross profit of SAR 0.92 million, representing a 6.3% decline, mainly as a result of the 6.1% decrease in revenue. A decline in dividend income received from financial assets at fair value through profit or loss to SAR 0.39 million, compared to SAR 0.67 million in the corresponding period of the previous year. |
| 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) | Not applicable |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified to conform with the presentation of the current period’s financial statements |
| Additional Information | The Extraordinary General Assembly held on 21 May 2026 approved the transfer of the voluntary reserve balance of SAR 18,750,000 to retained earnings and the offset of the accumulated losses. Accordingly, retained earnings amounted to SAR 6,005,992 as at 30 June 2026, and the Company had no accumulated losses as at that date, compared to accumulated losses of SAR 12,220,049, representing 9.78% of share capital, as at 31 March 2026. |
