| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 20.56 | 28.07 | -26.754 | 22.34 | -7.967 |
| Gross Profit (Loss) | 4.24 | 4.93 | -13.995 | 2.41 | 75.933 |
| Operational Profit (Loss) | -11.64 | -7.34 | 58.583 | -11.02 | 5.626 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -13.06 | -8.3 | 57.349 | -11.63 | 12.295 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -12.15 | -10.34 | 17.504 | -10.01 | 21.378 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 42.89 | 52.23 | -17.882 |
| Gross Profit (Loss) | 6.65 | 7.94 | -16.246 |
| Operational Profit (Loss) | -22.67 | -16.54 | 37.061 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -24.69 | -17.74 | 39.177 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -22.16 | -19.72 | 12.373 |
| Total Shareholders Equity (after Deducting Minority Equity) | 116.61 | 54.04 | 115.784 |
| Profit (Loss) per Share | -0.82 | -1.31 | |
| 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 decrease in sales/revenues is mainly attributable to the decrease in sales of the mattresses and foam 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 | The decrease in net profit is mainly attributable to the decrease in operating profit, due to the recognition of higher impairment in asset values, and the decrease in gross profit resulting from the decrease in sales. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The decrease in sales/revenues is mainly attributable to the decrease in sales of the mattresses and foam segment. |
| 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 is mainly attributable to the decrease in operating profit, due to the recognition of higher impairment in asset values. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | The decrease in sales/revenues is mainly attributable to the decrease in sales of the mattresses and foam segment and the sanitary ware segment. |
| 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 decrease in net profit is mainly attributable to the decrease in operating profit, due to the recognition of higher impairment in asset values, and the decrease in gross profit resulting from the decrease in sales. |
| 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) | Material Uncertainty Related to Going Concern |
We draw attention to Note (2-2) to the accompanying condensed consolidated interim financial statements, which indicates that the Group incurred a net loss of SAR 24.3 million and generated negative operating cash flows during the six-month period ended 30 June 2026, as the actual results were below the previous forecasts. Furthermore, as at 30 June 2026, the Group had a debit balance in the foreign currency translation reserve of SAR 52 million and a debit balance in the reserve for changes in the fair value of investments of SAR 133 million. These events or conditions, together with the other matters set forth in Note (2-2), indicate that material uncertainty exists that may cast significant doubt on the Group’s ability to continue as a going concern. Our conclusion is not modified in respect of this matter.
Other Matter
The condensed consolidated interim financial statements of the Group for the three-month and six-month periods ended 30 June 2025 were reviewed by another auditor, who expressed a qualified conclusion thereon in their report dated 21Rabi’ Al-Awwal 1447H, (corresponding to 13 September 2025). The Group’s consolidated financial statements for the year ended 31 December 2025 were also audited by the same auditor, who expressed an unmodified opinion thereon in their report dated 19 Shawwal 1447H, (corresponding to 7 April 2026).
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