| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | Revenues increased by 3.1% reaching SAR 1,046.6 million, an increase of SAR 31.6 million, driven by expansion across all categories. This performance was driven by effective execution of the company's strategies resulting in geographical expansion and market share gains. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | Net profit increased by 7.2% reaching SAR 223.8 million, an increase of SAR 15.1 million. This strong performance was driven by topline growth, disciplined cost control measures, and effective financial management resulting in lower financing costs. |
| 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) | N/A |
| Reclassification of Comparison Items | During the year, the Company reassessed the presentation of certain freight and shipment expenses for the year ended 31 December 2024 and reclassified from revenue to selling and distribution expenses. |
| Additional Information | In case of any inquiries or further details, please contact investor relations during working hours though email at: IR@modernmills.com.sa. or by calling (+966-122728989 Ext: 1123) |
