Sadr Logistics Co. announces its Interim Financial results for the Period Ending on 2024-09-30 ( Nine Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	25,868	20,938	23.545	21,280	21.56
Gross Profit (Loss)	5,026	4,393	14.409	3,776	33.103
Operational Profit (Loss)	-471	-677	-30.428	-2,177	-78.364
Net profit (Loss)	-1,723	-715	140.979	-3,766	-54.248
Total Comprehensive Income	-1,723	-715	140.979	-3,766	-54.248
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	78,795	78,952	-0.198
Gross Profit (Loss)	13,589	14,744	-7.833
Operational Profit (Loss)	-3,681	-125	2,844.8
Net profit (Loss)	-7,029	184	-
Total Comprehensive Income	-7,029	184	-
Total Shareholders Equity (after Deducting Minority Equity)	164,701	176,415	-6.64
Profit (Loss) per Share	-0.04	0.001
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	-	-
Accumulated Losses	-11,819	6.75
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	The revenues increased during the current quarter compared to the same quarter of the previous year by 24%, due to the following:

1-An increase in the sales of the wooden sector by 97% , driven by higher sales volumes and prices.

2-An increase in the revenues of the logistics sector by 52%, driven by higher storage prices and volumes.

Despite the following:

A decrease in the revenues of the steel sector by 8% due to lower sales volumes.

A decrease in the sales of other sectors by 18% .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 net loss increased during the current quarter compared to the net loss in the same quarter of the previous year due to the following reasons:

1-The increase in the cost of sales at a higher rate than the increase in sales.

2-An increase in selling and marketing expenses, as well as higher administrative and general expenses.

3-An Increase in other expenses and financing costs.

4-A decrease in investment income due to the injection of cash investments into the company’s expansion in the logistics sector.The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is Sales increased during the current quarter compared to the previous quarter by 22%, due to the following reasons:

1-An increase in revenue of the steel sector by 9%, driven by higher sales quantity.

2-An increase in sales of the wooden sector, due to higher sales quantity by 27% .

3-An increase in revenues from the logistics sector by 23%, driven by higher storage volumes, and an increase in the sales of other sectors by 23%.The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The net loss decreased during the current quarter compared to the net loss in the previous quarter due to the following reasons:

1-An increase in sales by 22%.

2-A decrease in administrative, general, and selling & marketing expenses.

2-A decrease in other expenses and a reduction in zakat provision.

Despite the following:

1-An increase in the cost of sales, which increased by 19%.

2-A decline in investment revenues and an increase in financing costs.The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is Sales slightly decreased due to a decline in the sales of the steel, timber, and other sectors, offset by an increase in the sales of the logistics sector.The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The company recorded a net loss during the current period compared to a net profit in the same period of the previous year due to the following reasons:

1-An increase in the cost of sales.

2- An increase in selling and marketing expenses, as well as higher administrative and general expenses.

3- Higher financing costs due to the increase in financing expenses related to lease contract obligations.

4- An increase in other expenses and a decrease in investment income due to the reinvestment of funds into the company’s expansion in the logistics sector.

5- An increase in the zakat provision.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) NothingReclassification of Comparison Items Certain comparative figures have been re-presented and classified to conform to the presentation for the current period.Additional Information The basic and diluted share of profit and loss for the current period and the similar period of the previous year was calculated by dividing the net profit or loss for each period after zakat attributable to the company’s shareholders by the weighted average number of ordinary shares outstanding at the end of each period, as the weighted average of shares for the current period was 175,000,000 Shares and the number of shares for the same period of the previous year is 175,000,000 shares after taking into account the effect of the increase in shares as a result of the retrospective share division.

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