| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 80,416.65 | 51,094 | 57.39 | ||
| Gross Profit (Loss) | 10,643.85 | 4,491 | 137 | ||
| Operational Profit (Loss) | 3,007.28 | -3,847 | - | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 161.38 | -3,946 | - | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 685.34 | -3,553 | - | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 32,541.24 | 31,856 | 2.15 | ||
| Profit (Loss) per Share | 0.12 | -2.97 | |||
| 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 | The increase in sales is due to the commencement of mass production and sales by the Meyar Alasassat Company, in addition to a 10% increase in selling prices compared to last year. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | Mass production has commenced for Meyar Aalassasat, a subsidiary of Standard, resulting in a 57% increase in sales compared to last year. |
| 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) | Material Doubt Regarding Going Concerning the Group's Continuing Business,we draw attention to Note 2 to the consolidated financial statements, where the Group's current liabilities exceeded its current assets by SAR12,104,615 as of December 31, 2025, raising material doubt about the Group's ability to continue as a going concern. The Group's success depends primarily on its ability to achieve its business plans to generate sufficient cash flows to meet its obligations as they fall due without a material reduction in its operations, taking into account several factors detailed in the aforementioned note. Our report has not been amended in this regard. |
| Reclassification of Comparison Items | Not applicable |
| Additional Information | Note 2-2 Material Doubt Regarding Going Concern As of December 31, 2025, the Group's current liabilities exceeded its current assets by 12,104,615, raising material doubt about the Group's ability to continue as a going concern. Management has assessed the Group's ability to achieve its business plans and generate sufficient cash flows to meet its obligations for the next twelve months without a material reduction in its operations. In making this assessment, management considered all current and reasonably projected cash flows as of the date of approval of these consolidated financial statements, based on the available circumstances and data, as follows: 1. The Group has achieved a marked improvement in its financial performance and operating results during the current year compared to the previous year. The Group also generated positive cash flows from its constituent activities amounting to 8,534,650 during 2025. Management believes that the Group will be able to continue generating positive cash flows from its operating activities for the next twelve months. 2. The Group is able to continue renewing its existing bank facilities. 3. The Group has been able to The Group will repay a portion of its outstanding current liabilities as of December 31, 2025, during the period following 2026. 4. The Group's current plan for 2026 does not require significant capital expenditures compared to the capital expenditures for 2025, which amounted to approximately 9 million and consisted of purchasing machinery, production equipment, and expansion projects. Therefore, management continues to believe that it is appropriate to prepare the consolidated financial statements on a going concern basis. |
