| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 266.2 | 242.8 | 9.637 | 251.9 | 5.676 |
| Gross Profit (Loss) | 42.9 | 49 | -12.448 | 40.5 | 5.925 |
| Operational Profit (Loss) | 25.7 | 25.2 | 1.984 | 16.9 | 52.071 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 25.8 | 25.6 | 0.781 | 18.8 | 37.234 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 26.1 | 25.6 | 1.953 | 17.7 | 47.457 |
| 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) | 347.3 | 375.3 | -7.46 |
| Profit (Loss) per Share | 0.97 | 0.97 | |
| 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 | - | - | |
| Accumulated Losses | - | - | |
| 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 Company’s consolidated revenue for the first quarter of 2026 increased by SAR 23.4 million, representing a growth of 9.6% compared to the corresponding quarter of the previous year. This performance was primarily driven by: An increase in Corporate Segment revenue of 3.3%, equivalent to SAR 6.4 million. A significant increase in Individual Segment revenue of 33.3%, amounting to SAR 17.0 million, mainly driven by a 27.9% growth in the average number of resources within the segment. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Net profit attributable to the shareholders of the Company remained broadly stable during the first quarter of 2026 compared to the corresponding quarter of 2025, recording a marginal increase of 0.6%, equivalent to SAR 0.2 million. The key movements in the statement of profit or loss are as follows: Gross profit decreased by 12.5% compared to the corresponding quarter of the previous year, primarily driven by a 17.7% decline in the profitability of the Corporate Segment. This was partially offset by an increase in the Individual Segment’s gross profit of 14.7%, amounting to SAR 1.1 million. Operating profit increased by 2.1% compared to the corresponding quarter of the previous year, supported by stable general and administrative expenses, in addition to a reduction in marketing expenses of SAR 1.7 million and a decrease in expected credit loss (ECL) provisions of SAR 4.8 million, based on the ECL model prepared by an external consultant. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The Company’s consolidated revenue for the first quarter of 2026 increased by SAR 14.2 million, representing a growth of 5.7% compared to the previous quarter. This performance was primarily driven by: - An increase in Corporate Segment revenue of 3.0%, equivalent to SAR 5.8 million. - An increase in Individual Segment revenue of 14.2%, amounting to SAR 8.5 million, mainly driven by a 14.1% growth in the average number of resources within the segment. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net profit attributable to the shareholders of the Company increased by 36.8%, equivalent to SAR 6.9 million, compared to the previous quarter. This improvement was primarily driven by: Gross profit increased by 5.9%, equivalent to SAR 2.4 million compared to the previous quarter, mainly attributable to growth in the Corporate Segment’s gross profit by 5.7% (SAR 1.8 million), in addition to an increase in the Individual Segment’s gross profit by 6.6% (SAR 0.6 million). Operating profit increased significantly by 52.0%, equivalent to SAR 8.8 million compared to the previous quarter, driven by the increase in gross profit of SAR 2.4 million, alongside a reduction in general and administrative expenses by SAR 4.8 million, following the recognition of withholding tax precautionary provisions in the previous quarter. This was further supported by a decrease in expected credit loss (ECL) provisions of SAR 1.7 million, based on the ECL model prepared by an external consultant. |
| 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 Company’s financial statements for the financial period ended 31 March 2025 were reviewed by another auditor, who issued an unmodified conclusion dated 10 Dhu al-Qa’dah 1446H, corresponding to 8 May 2025. |
| Reclassification of Comparison Items | Comparative figures have been reclassified to conform with the presentation of the current year. |
| Additional Information | None |
| Attached Documents | Attached Documents |
