| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 543,933,254 | 481,875,554 | 12.88 | ||
| Gross Profit (Loss) | 64,931,495 | 60,647,718 | 7.06 | ||
| Operational Profit (Loss) | 48,352,029 | -41,474,545 | - | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 26,149,716 | -57,451,590 | - | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 26,649,685 | -59,960,481 | - | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 417,947,865 | 391,428,725 | 6.77 | ||
| Profit (Loss) per Share | 0.04 | -0.1 | |||
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | 37,364,667 | 6.23 | |
| All figures are in (Actual) 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 reason for the increase in revenues during the current year 2025 by 13% compared to the previous year is mainly due to: - -Real estate investment revenues increased by 1798%, mainly attributable to the recognition of revenues related to sales realized during the year in the Al Khuzama Project in AL Madinah AL Munawwara, owned by the subsidiary Batic Real Estate Company, in addition to the inclusion in the current year of revenues from leasing warehouses that were acquired at the end of 2024. - Security guarding sector revenues increased by 36 due to expansion into new projects. - Facilities management revenues increased by 20% due to expansion into new projects. This was offset by a 78% decrease in Smart Parking sector revenues, an 8% decrease in ATM revenues, a 6% decrease in cash-in-transit revenues, and a 5% decrease in land transportation sector revenues. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The reason for achievement of net profit during the current year compared to a net loss in the previous year is mainly due to: 1- An increase in gross profit of 7%, with gross profit reaching SAR 64.9 million during the current year compared to SAR 60.6 million in the previous year, mainly driven by a 13% increase in operating revenues compared to the previous year. 2- A decrease in general and administrative expenses of 4%, amounting to SAR 36.6 million during the current year compared to SAR 38.2 million in the previous year. 3- A decrease in finance costs by 34%, with finance costs totaling SAR 18.5 million during the current year compared to SAR 27.9 million in the previous year 4- A decrease in the impairment loss on financial assets of 89%, with impairment expenses amounting to SAR 642 thousand during the current year compared to SAR 6 million in the previous year. 5- A decrease in Zakat expense by 41%, with Zakat expense amounting to SAR 3.3 million during the current year compared to SAR 5.6 million in the previous year. 6- During the previous year 2024, an exceptional impairment provision was recorded for tangible and intangible assets amounting to SAR 56.7 million related to Smart Cities Solutions company (a subsidiary). 7- The current year 2025 includes net gains from contract cancellations amounting to SAR 20.8 million. Despite the Company recording unrealized losses from investments at fair value through profit or loss amounting to SAR 3.2 million during the current year, compared to unrealized gains of SAR 14.7 million in the previous 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) | We draw attention to Note 31-1 to the consolidated financial statements, which indicates that one of the Group’s subsidiaries received payment notices and invoices following the cancellation of contracts by several municipalities. The subsidiary has formally objected to these notices and invoices and has filed lawsuits before the court. As disclosed in the note, these cases are currently subject to judicial proceedings, and no final judgment has yet been issued by the court. Our opinion is not modified in respect of this matter. |
| Reclassification of Comparison Items | Certain figures for the previous year have been reclassified to conform with the current year’s classification. |
| Additional Information | - The figures for prior years have been adjusted due to a change in the method of accounting for the calculation of certain government fees, as well as adjustments to the revenues of one of the subsidiary companies relating to previous years Accordingly, the Company has reflected the impact of these adjustments on its financial statements retrospectively by restating the prior years, in accordance with International Accounting Standard 8 (IAS 8). The resulting impact of the restatement on the affected items in the consolidated financial statements for the prior years has been presented accordingly. - We would like to draw the shareholders' attention; a Financial Performance Report on the Company’s performance for the year 2025 has been attached. |
| Attached Documents | Attached Documents |
