| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 259,323.03 | 187,347.93 | 38.42 | ||
| Gross Profit (Loss) | 224,576.23 | 173,290.41 | 29.59 | ||
| Operational Profit (Loss) | 10,146.39 | 52,919.67 | -80.83 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 8,117.11 | 43,246.39 | -81.23 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 7,998.31 | 43,246.39 | -81.5 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 467,249.69 | 459,251.39 | 1.74 | ||
| Profit (Loss) per Share | 0.27 | 1.44 | |||
| 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 | - | - | |
| 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 | Revenue was increased by 38.42% to reach SR 259.3 million compared to the corresponding period of previous year, primarily as a result of originating new Finance contracts which has resulted in to an increase in the Portfolio size. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | Profit was decreased mainly on account of increase in Expected Credit Loss provisions. |
| 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) | The financial statements of the Company as at and for the year ended 31 December 2024 were audited by another auditor who expressed an unmodified opinion on those financial statements on 04 March 2025. |
| Reclassification of Comparison Items | During the year, the Company has made the following reclassifications: 1. Transaction costs related to Murabaha receivables were reclassified from Prepayments and other receivables to Murabaha receivables. 2. Costs of accepted loans and related commissions, previously included under General and administrative expenses, were reclassified to Murabaha income. 3. Management fees charged by banks for loan processing, previously included under Prepayments and other receivables, were reclassified to Loans from banks. |
| Additional Information | N/A |
| Attached Documents | Attached Documents |
