| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 38,897 | 31,952 | 21.735 | 41,500 | -6.272 |
| Gross Profit (Loss) | 11,373 | 6,213 | 83.051 | 12,068 | -5.759 |
| Operational Profit (Loss) | 4,551 | -6,439 | - | 4,802 | -5.226 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 2,491 | -7,305 | - | 2,937 | -15.185 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 2,491 | -7,305 | - | 2,937 | -15.185 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 80,398 | 65,738 | 22.3 |
| Gross Profit (Loss) | 23,441 | 13,168 | 78.014 |
| Operational Profit (Loss) | 9,366 | -5,724 | - |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 5,429 | -7,182 | - |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 5,429 | -7,182 | - |
| Total Shareholders Equity (after Deducting Minority Equity) | 170,290 | 160,328 | 6.213 |
| Profit (Loss) per Share | 0.031 | -0.041 | |
| 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 | -5,432 | 3.1 | |
| 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 Company recorded a 22% increase in total revenue during the current quarter compared to the corresponding quarter of the previous year. This growth was primarily attributable to the following: |
A significant increase of 127% in logistics segment revenue, from SAR 7.30 million to SAR 16.58 million, primarily driven by revenue generated from the Sadr Park project.
A 42% increase in wood segment revenue.
This overall growth was achieved despite a 26% decline in steel segment sales and a 60% decrease in revenue from other segments.
A 22% increase in sales revenue, compared to only a 7% increase in cost of revenue, resulting in an 83% increase in gross profit.
A 96% decrease in the expected credit loss allowance on trade receivables, together with a 20% decrease in selling and marketing expenses, despite a 7% increase in general and administrative expenses.
These factors resulted in the Company achieving an operating profit of SAR 4.55 million, compared to an operating loss of SAR 6.43 million in the corresponding quarter of the previous year. This operating profit helped absorb the increase in finance costs from SAR 0.36 million to SAR 1.54 million and the increase in Zakat expense from SAR 0.50 million to SAR 0.60 million, resulting in the Company reporting a net profit during the current quarter.
A 23% decline in steel segment sales, from SAR 15.84 million in the previous quarter to SAR 12.14 million.
This was despite a 3% increase in logistics segment revenue, a 2% increase in wood segment sales, and an increase in revenue from other segments, which helped mitigate the impact of the decline in steel segment sales on total revenue.
A 6% decline in sales revenue.
A 5% increase in finance costs.
Recognition of an expected credit loss allowance amounting to SAR 0.59 million during the current quarter.
An increase in Zakat expense to SAR 0.60 million, compared to SAR 0.40 million in the previous quarter.
This was despite a 20% decrease in selling and marketing expenses and a 6% decrease in general and administrative expenses.
A 132% increase in logistics segment revenue, from SAR 14.13 million to SAR 32.74 million, primarily driven by revenue generated from the Sadr Park project.
Stable performance in the steel segment, with revenue declining by only 3%, from SAR 28.86 million to SAR 27.98 million.
This growth in total revenue was achieved despite a 5% decline in wood segment sales and a 73% decrease in revenue from other segments.
A 22% increase in sales revenue, compared to an 8% increase in cost of revenue, resulting in a 78% increase in gross profit.
A 97% decrease in the expected credit loss allowance on trade receivables, from SAR 6.30 million to SAR 0.20 million, which offset a 17% increase in general and administrative expenses and a 2% increase in selling and marketing expenses.
The achievement of an operating profit of SAR 9.36 million, compared to an operating loss of SAR 5.72 million in the corresponding period of the previous year.
These factors helped absorb the increase in net finance costs from SAR 0.81 million to SAR 3.00 million. Together with a 10% decrease in Zakat expense, from SAR 1.12 million to SAR 1.00 million, they resulted in the Company reporting a net profit during the current period.
""The financial statements of the Company for the year ended 31 December 2025 were audited by another independent auditor, who expressed an unmodified opinion on those financial statements on 17 Shawwal 1447H (corresponding to 5 April 2026). The condensed interim financial statements for the three-month and six-month periods ended 30 June 2025 were reviewed by the same predecessor auditor, who expressed an unmodified conclusion on those condensed interim financial statements on 20 Safar 1447H (corresponding to 14 August 2025).
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.