Al Hassan Ghazi Ibrahim Shaker Co. announces its Interim Financial results for the Period Ending on 2025-03-31 ( Three Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	400,416	413,242	-3.103	298,909	33.959
Gross Profit (Loss)	100,633	97,769	2.929	76,717	31.174
Operational Profit (Loss)	25,076	31,345	-20	16,695	50.2
Net profit (Loss)	27,205	32,249	-15.64	15,172	79.31
Total Comprehensive Income	27,723	31,929	-13.172	14,562	90.379
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Shareholders Equity (after Deducting Minority Equity)	825,673	749,658	10.139
Profit (Loss) per Share	0.49	0.58
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 quarter compared to the same quarter of the last year is	Al Hassan Ghazi Ibrahim Shaker Co. (“The Company” or “Shaker”) achieved its revenue of SAR 400.42 million in Q1-FY25, down 3.1% year-on-year (YoY), driven by a decline in revenue from the home appliance segment, partially offset by a modest increase in the HVAC segment.

Revenues from the HVAC solutions segment rose by 1.59%, which partially offset a 11.79% decline in the Home Appliances 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 Al Hassan Ghazi Ibrahim Shaker Co. (“The Company” or “Shaker”) reported a net profit of SAR 27.21 million in Q1 2025, a decline of 15.64% year-on-year (YoY) compared to the net profit of SAR 32.25 million in Q1 2024.

Revenue:

Revenues declined by 3.10% YoY reaching 400.42 million in Q1 2025.

Gross Profit:

Gross Profit achieved a growth of 2.93% YoY reaching SAR 100.63 million in Q1 2025, compared to SAR 97.77 million in Q1 2024, supported by cost efficiencies and product mix.

Operating Profit:

Income from operations decreased by 20.00% YoY to SAR 25.08 million in Q1 2025, compared to SAR 31.35 million in Q1 2024, due to higher operating expenses.

Net Profit:

Net profit registered declined by 15.64% YoY, down from SAR 32.25 million in Q1 2024, to reach SAR 27.21 million in Q1 2025 primarily due to a lower share of profit from an associate combined with the recognition of foreign exchange losses during the period which was partially offset by a decrease in the finance cost.

Accordingly, earnings per share (EPS) declined to SAR 0.49 per share from SAR 0.58 per share in Q1 2024.The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is Al Hassan Ghazi Ibrahim Shaker Co. (“The Company” or “Shaker”) achieved its revenue of SAR 400.42 million in Q1-FY25, up 33.96% quarter-on-quarter (QoQ), driven by a significant rise in the revenue in the Home Appliance segment due to new product additions and boost in sales due to Ramadan.

Revenues from the HVAC solutions segment rose by 7%, while the Home Appliance segment grew significantly by 160%The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is Al Hassan Ghazi Ibrahim Shaker Co. (“The Company” or “Shaker”) reported a net profit of SAR 27.21 million in Q1 2025, a significant growth of 79.31% quarter-on-quarter (QoQ) compared to the net profit of SAR 15.17 million in Q4 2024 due to higher operating income, increased in share of profit from an associate and favourable foreign exchange impact.

Revenue:

Revenues grew by 33.96% QoQ reaching 400.42 million in Q1 2025.

Gross Profit:

Gross Profit achieved a growth of 31.17% QoQ reaching SAR 100.63 million in Q1 2025, compared to SAR 76.72 million in Q4 2024, while maintaining stable gross margins.

Operating Profit:

Income from operations increased by 50.20% QoQ to SAR 25.08 million in Q1 2025, compared to SAR 16.70 million in Q4 2024 with stable operating margins.

Net Profit:

Net profit registered grew by 79.31% QoQ, up from SAR 15.17 million in Q4 2024, to reach SAR 27.21 million in Q1 2025.Statement of the type of external auditor's report Unmodified conclusionComment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) NoneReclassification of Comparison Items The comparative figures for the earnings per share of the Condensed Consolidated Interim Financial Statements have been adjusted to meet the current year classification according to the International Financial Reporting Standards (IFRS) that are endorsed in the Kingdom of Saudi Arabia.Additional Information Shaker’s Board of Directors has recommended a cash dividends of SAR 0.50 per share for fiscal year 2024, totaling SAR 27.75 million.Attached Documents

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