| 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 sales/revenues during the current quarter compared to the corresponding quarter of the previous year is mainly attributable to the inclusion of the results and sales of the subsidiary (Obeikan AGC) in the consolidated financial statements for the current quarter, whereas the corresponding quarter of the previous year did not include the subsidiary’s results. |
| 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 decrease in net profit during the current quarter compared to the corresponding quarter of the previous year was mainly attributable to increased losses incurred by the subsidiary (Saudi Aluminum Casting Foundry), as it is a start-up company still in its operational and development stages, in addition to lower average selling prices of products during the current quarter compared to the corresponding quarter of the previous year, which impacted the Company’s results. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The increase in sales/revenues during the current quarter compared to the previous quarter is mainly attributable to the inclusion of the results and sales of the subsidiary (Obeikan AGC) in the consolidated financial statements for the current quarter, whereas the previous quarter did not include the subsidiary’s results. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The decrease in net profit during the first quarter of 2026 compared to the previous quarter (Q4 2025) was mainly due to the recognition of a non-recurring impact in the previous quarter represented by the reversal of allowance for doubtful debts amounting to SAR 29.5 million, following the acquisition of Obeikan AGC Glass Company during the fourth quarter of 2025. |
| 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) | The interim condensed consolidated financial statements of the Company for the three-month period ended 31 March 2025, were reviewed by another auditor, who expressed an unmodified conclusion on those interim condensed consolidated financial statements on 23 Dhul Qaedah 1446H corresponding to 21 May 2025. |
| Reclassification of Comparison Items | 0 |
| Additional Information | - |
