| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 218,479,130 | 193,406,858 | 12.96 | ||
| Gross Profit (Loss) | 166,500,890 | 139,836,237 | 19.07 | ||
| Operational Profit (Loss) | -3,598,535 | 33,355,083 | - | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 1,010,641 | 32,715,138 | -96.91 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -1,164,364 | 33,256,587 | - | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 829,348,506 | 830,512,869 | -0.14 | ||
| Profit (Loss) per Share | 0.14 | 0.47 | |||
| 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 | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | Revenue increased by 12.96% to reach SR 218.48 million compared to the last year, primarily as a result of originating new finance contracts. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The decrease in net profit is attributed to an increase of impairment losses in the financing portfolio, in addition to losses of the subsidiary company (Loop). |
| 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 | In accordance with IAS 8, management has restated prior period comparative figures to correct the following matters: 1- Reclassification of transaction cost amortization from special commission expenses to special commission income, aligning with IFRS 9 effective interest method requirements. 2- Reclassification of repossessed assets held for sale back to Islamic financing receivables, as the Group had not completed the foreclosure process nor obtained control over the underlying collateral. These restatements enhance the accuracy and compliance of the Group's financial reporting with applicable IFRS standards. |
| Additional Information | In accordance with IAS 8, management has restated prior period comparative figures to correct the following matters: 1- Correction of prepaid expenses incorrectly retained as assets after related consultancy services were fully received, with a corresponding adjustment to retained earnings. 2- Addition of previously omitted disclosures for special commission income received, as recommended by IAS 7. 3- Correction of errors and omissions in the consolidated statement of cash flows, with no impact on comprehensive income, financial position, or changes in equity. These restatements enhance the accuracy and compliance of the Group's financial reporting with applicable IFRS standards. |
