| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | - | - | - | ||
| Gross Profit (Loss) | - | - | - | ||
| Operational Profit (Loss) | -156 | 115 | - | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -104 | 201 | - | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -116 | 189 | - | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 8,598 | 9,835 | -12.58 | ||
| Profit (Loss) per Share | -0.15 | 0.27 | |||
| 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 | Since the Saudi Industrial Investment Group Company follows the equity method when accounting for its investments in the joint venture companies, The items “Sales/Revenue and Gross profit” do not appear in the profit or loss statement. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The Company recorded a net loss during the current year compared to a net profit in last year, mainly due to the following: - A decrease in SIIG’s share of profit from its joint venture investments (S-Chem) during the current year, mainly due to lower average selling prices and higher energy costs. This was partially offset by an increase in quantities sold during the current year. - A decrease in the financing income “Murabaha”, due to lower cash balance and lower Murabaha rates. - Zakat provisions related to prior years amounting to SAR 42 million were reversed during the current year, compared to a reversal of SAR 99 million during last year. The zakat expense for the year 2025 amounted to SAR 12 million compared to SAR 41 million for 2024. The decrease in zakat expense is mainly attributable to the Group’s capital reduction of SAR 755 million, the purchase of treasury shares amounting to SAR 200 million, and dividend distributions of SAR 167 million, which contributed to a lower zakat base. |
| 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 prior period figures have been re-classified to conform with the presentation in the current period. |
| Additional Information | - In line with the accounting policies and in accordance with the requirements of International Financial Reporting Standards, the management of the joint venture projects reassessed the useful lives of property, plant and equipment based on technical and advisory reports. Accordingly, depreciation expense of the joint ventures will decrease starting from 1 January 2026, which is expected to have a positive impact on the Company’s results in the coming periods. Related disclosure has been included in the consolidated financial statements for the year of 2025 (Note 6). - Since the Saudi Industrial Investment Group Company follows the equity method when accounting for its investments in the joint venture companies, The items “Sales and Gross profit” do not appear in the profit or loss statement. |
