| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 38,043,638 | 30,089,173 | 26.436 | 44,200,975 | -13.93 |
| Gross Profit (Loss) | 8,172,566 | 8,845,168 | -7.604 | 13,718,571 | -40.426 |
| Operational Profit (Loss) | 4,079,855 | 5,186,703 | -21.34 | 2,860,321 | 42.636 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 3,038,875 | 7,445,343 | -59.184 | -1,264,887 | - |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 2,727,548 | 6,874,474 | -60.323 | -1,120,549 | - |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 92,538,885 | 96,893,986 | -4.494 |
| Profit (Loss) per Share | 0.04 | 0.1 | |
| 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 | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| 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 increase in revenues during the current quarter, compared to the same quarter of the previous year, was due to the Company’s continued implementation of its transformational expansion plan, through: •Operating new projects, particularly in the Jubail region. •Entering new sectors as part of the Company’s strategic direction to diversify revenue streams. •Supporting the Company’s sustainable growth by increasing the scale of operational activities. This contributed to revenue growth, confirming the effectiveness of the Company’s expansion strategy and its ability to achieve a continued positive impact on operational performance. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The decrease in net profit during the current quarter, compared to the same quarter of the previous year, was mainly due to: •A decline in the valuation of the investment portfolio compared to the first quarter of 2025, as a result of financial market fluctuations. •Continued investment in the transformational expansion plan through the recruitment of qualified talents to support expansion into new projects and sectors. •Entering projects within new sectors with lower profit margins, as part of the Company’s strategic direction to diversify revenue streams and enhance sustainability over the medium and long term. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The decrease in revenues during the current quarter, compared to the previous quarter, was due to variations in the volume of operational activities during the period, as follows: •Events: due to the seasonal nature of this sector. •NEOM: due to changes in the stages of work execution and variations in the pace of operations during the period. •Medical examinations: due to the difference in timing of providing medical examination services related to Jubail region projects, in accordance with the approved operational phases of the project. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The increase in net profit during the current quarter, compared to the previous quarter, was due to several factors, most notably: •The investment portfolio recorded losses of SAR 3.6 million during the previous quarter, compared to losses of SAR 313 thousand in the first quarter of 2026. •The previous quarter included non-recurring, one-off expenses related to the transition to the Main Market (TASI). •Continued investment in operational expansion and enhancing the readiness of new projects. |
| 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) | NA |
| Reclassification of Comparison Items | NA |
| Additional Information | The Company would like to clarify that revenues for the first quarter of 2026 were the highest first-quarter revenues during the period from 2023 to 2026, reaching 38.04 million SAR, representing a growth of 26% compared to the same quarter of the previous year. This comes as an extension of the Company’s continued implementation of its strategic plan aimed at operational expansion and diversification of revenue streams, supporting sustainable growth and enhancing shareholder value over the medium and long term. |
| Attached Documents | Attached Documents |
