| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | SAL Saudi Logistics Services Company’s revenues for the current quarter amounted to SAR 445.8 million, representing an increase of 16.1% compared to SAR 384.1 million in the same quarter last year. This increase was mainly driven by the 19.3% year-on-year growth in the Cargo Ground Handling Division’s revenue, supported by the continued enhancement of service offerings and improved revenue quality. This was achieved despite a slight decline in handled volumes for the current quarter compared to the same quarter of last year, which was affected by the temporary geopolitical disruptions affecting regional airspace and supply chains. • As a result of this, the Company’s Operating Profit increased by 3.6% to reach SAR 170.9 million, compared to SAR 165.0 million in the same quarter of the previous year. |
| 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 increased by 2.3% compared to the same quarter last year, reaching SAR 156.6 million versus SAR 153.1 million. This increase was mainly driven by the growth in revenue from the Cargo Ground Handling Division, along with the Company’s continued focus on enhancing operational efficiency, improving business agility, and optimizing costs, reflecting the overall resilience of its performance. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | SAL Saudi Logistics Services Company’s revenues for the current quarter amounted to SAR 445.8 million, representing a 12.5% decrease compared to SAR 509.2 million for the previous quarter. This decrease was primarily driven by lower handled volumes during the current quarter, mainly reflecting seasonality and the higher comparison base of the previous quarter. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net profit decreased by 22.3% in the current quarter compared to the previous quarter, reaching SAR 156.6 million, compared to SAR 201.7 million. This decrease was mainly driven by lower handled volumes, primarily reflecting seasonality and the higher comparison base of the previous quarter. |
| 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) | None |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified to conform with the current year’s presentation to these interim condensed consolidated financial statements. |
| Additional Information | For any inquiries or further details, please contact the Investor Relations at (+966 12 6964168 or +966-550120163) or via email at: Investor.Relations@sal.sa |
| Attached Documents | Attached Documents |
