| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 691,100 | 848,298 | -18.53 | ||
| Gross Profit (Loss) | 29,226 | 9,467 | 208.71 | ||
| Operational Profit (Loss) | -73,539 | -136,177 | -46 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -78,100 | 439,836 | - | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -45,717 | 385,896 | - | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 849,799 | 880,673 | -3.5 | ||
| Profit (Loss) per Share | -1.75 | 9.92 | |||
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | -190 | -0.04 | |
| All figures are in (Thousands) 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 decrease in revenues during 2025 compared to the previous year is mainly attributable to the following factors: • The postponement of supply for certain internal projects by some customers, which led to a decline in sales. This postponement is expected to have a positive impact on the sales pipeline in the coming years. • The Company recorded provisions related to foreign investments as a result of the shutdown of the manufacturing facility in the Republic of Poland due to the Russian–Ukrainian war. • The company took a hedging provision as a result of the restructuring of some offshore associates. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | • Most of the losses recognized during 2025 are attributable to incurred losses in the operations of subsidiaries outside the Kingdom, in addition to the Company recognizing provisions related to foreign investments following the shutdown of the manufacturing facility in the Republic of Poland due to the Russian–Ukrainian war. Furthermore, restructuring provisions were recognized as a result of the restructuring of certain foreign subsidiary companies, along with a decline in sales orders for these companies, which collectively had a negative impact on the Company’s results for the year 2025. •The company achieved accounting profit in the previous year, 2024, amounting to SAR 629.6 million, primarily driven by the company success in eliminating 77% of its bank obligations. |
| 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) | None |
| Reclassification of Comparison Items | None |
| Additional Information | - The net earnings/(loss) per share for the fiscal year ending December 31, 2025, was SAR (1.75), calculated by dividing the net (loss) attributable to the shareholders of the company, amounting to SAR (78.1) million, by the average number of shares of 44,512,412 shares, for the fiscal year ending December 31, 2024, the net earnings per share was SAR 9.92, calculated by dividing the net profit attributable to the shareholders of the company, amounting to SAR 439.8 million, by the average number of shares of 44,332,412 shares. - Regarding the calculation of earnings per share, it was computed according to International Accounting Standard 33 "Earnings per Share, the earnings per share were calculated by dividing the net profit/(loss) for the year ending in December 31, 2025 on the number of shares, which amounts to 44,550,000 adjusted by deducting the number of shares from the employee share option plan, which amounts to 37,588 shares. |
