Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	21,336	19,500	9.415	23,948	-10.906
Gross Profit (Loss)	3,806	2,874	32.428	3,103	22.655
Operational Profit (Loss)	3,172	2,348	35.093	2,959	7.198
Net Profit (Loss) Attributable to Shareholders of the Issuer	1,833	968	89.359	1,391	31.775
Total Comprehensive Income Attributable to Shareholders of the Issuer	1,965	752	161.303	1,360	44.485
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Shareholders Equity (after Deducting Minority Equity)	259,648	257,811	0.712
Profit (Loss) per Share	-0.1	-0.29
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 quarter compared to the same quarter of the last year is	The increase in operating revenues during the current quarter compared to the corresponding quarter of the previous year, is mainly attributed to 1) the increase in required revenue recognized during the current quarter, attributable to the growth in the grid's regulated asset base 2) growing demand for electric power, 3) increased electricity production revenue by Saudi Energy, and 4) continued expansion in the subscribers’ base.
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 increase in net profit of the current quarter compared to the corresponding quarter of the previous year is mainly due to 1) the increase in required revenue recognized during the current quarter attributable to the growth in the grid's regulated asset base, 2) higher electricity production revenue, supported by continued growth in power demand 3) improved operating efficiency despite growing business and expanding operating asset base, and 4) decrease in the provisions for trade receivables from power consumers reflecting improved collection rates.
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 is mainly due to the lower volume of power sold reflecting seasonality of sales.
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 is mainly due to a decrease in the company’s operating costs because of lower volume of power sold in the current quarter, reflecting seasonality of sales
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)	None
Reclassification of Comparison Items	None
Additional Information	The net loss attributable to ordinary shares for the first quarter of 2026 after deducting the Mudaraba instrument distributions of SAR 2,235 million amounted to SAR 403 million, compared to a net loss of SAR 1,194 million for the same quarter last year. Accordingly, the basic and diluted loss per share improved to SAR 0.10 in the current quarter, compared to a loss of SAR 0.29 in the same quarter of the previous year.