| 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 year-on-year increase of 9.46% in current quarter sales was primarily attributable to volume growth from an expanded station network, uplift from diesel price increases, and incremental contribution from newly opened SASCO Palm locations. |
| 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 declined year-on- year, mainly due to higher cost of sales, increased ECL provision, lower other income, and higher financing and zakat expenses partially offset by improved sales, fair value gains on investment properties, higher investment and financing income, and lower G&A and selling and marketing expenses. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Sales declined quarter-on-quarter mainly due to seasonal demand patterns affecting revenue generation during the current period. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net profit declined quarter-on-quarter due to lower revenues, lower other income streams, lower investment and financing income, in addition to the absence of FVTPL gains that were recorded in the previous quarter, and higher cost of sales, marketing, financing, and zakat expenses, partially offset by lower G&A expenses, reduced ECL provisions, and higher fair value gains on investment properties. |
| 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 | Not applicable |
| Additional Information | - |
| Attached Documents | Attached Documents |
