| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 2,094.59 | 1,892.89 | 10.65 | ||
| Gross Profit (Loss) | 298.33 | 210.96 | 41.41 | ||
| Operational Profit (Loss) | 174.83 | 132.43 | 32.02 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 150.64 | 126.42 | 19.16 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 138.55 | 126.64 | 9.4 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 638.89 | 600.35 | 6.42 | ||
| Profit (Loss) per Share | 0.38 | 0.32 | |||
| All figures are in (Millions) 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 (Millions) 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 | The company’s consolidated revenues for the current year 2025 increased by SAR 201 million, representing 10.6% growth compared to the previous year. This increase was driven by improved revenues in the company’s main segments, namely Corporate segment and the Individuals segment, which grew by 9.8% and 16.9% respectively, due to increased demand for the services provided in these segments. Meanwhile, revenue from the Logistics segment decreased by 3.2%, within the scope of normal fluctuations in business activity. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The consolidated net income for the current year 2025 increased by SAR 24.2 million, representing 19% growth compared to the previous year. This increase is mainly attributable to the following: • Increase in the company’s revenues by 10.6% compared to the previous year. • Increase in gross profit by SAR 87.4 million (41%) compared to the previous year. This was driven by higher gross profit across all company segments. In the main segments Business and Individuals this growth was due to increased demand for services, as well as the company’s initiatives to improve profitability in the Individuals segments, particularly through enhancing the portfolio mix to better align with market needs. In the Logistics and Other Services segments, the improvement was mainly due to better contracts profit margins. • Increase in general and administrative expenses by SAR 12.7 million compared to the previous year, mainly due to higher employee costs of approximately SAR 9.6 million, driven by increased compensation costs, performance incentives linked to results, and higher end-of-service benefit provisions in accordance with accounting standards. Additionally, IT licensing and subscription costs and depreciation expenses for buildings and other assets increased. • Increase in selling and marketing expenses by SAR 3.8 million compared to the previous year, due to expanded sales and marketing activities. • Recognition of an allowance for doubtful debts of SAR 25.3 million during the current year in accordance with the Expected Credit Loss (ECL) model. • Recognition of an impairment loss on advances to suppliers amounting to SAR 5.9 million during the current year. • Recognition of investment losses amounting to SAR 14.9 million from Waad Khadmat Al Munzal for Marketing, in line with Waad’s business plan following its launch in 2025. |
| 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) | Not applicable |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified and presented for the purpose of better presentation. However, the effect of those reclassifications was not significant. |
| Additional Information | Not applicable |
