| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 563.98 | 562.17 | 0.32 | ||
| Gross Profit (Loss) | 42.98 | 10.41 | 312.87 | ||
| Operational Profit (Loss) | 8.8 | -23.54 | - | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 21.32 | -129.12 | - | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 27.89 | -157.95 | - | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 1,057.65 | 1,029.76 | 2.71 | ||
| Profit (Loss) per Share | 0.26 | -1.59 | |||
| 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 year compared to the last year | Sales revenue remained stable despite global geo political challenges and increased by 1% during the year 2025 mainly due to increase in local sales as compared to previous year. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | Company earned gross profit amounting SAR 42.978 M during the year 2025 as compared to the gross profit of SAR 10.405 M for the year 2024. |
Moreover, Company reported Net Profit amounting SAR 21.318 M as compared net Loss amounting SAR 129.115 M. Net profit of the company increased mainly due to better sales and raw material pricing resultantly margin on sales improved coupled with cost control measures implemented by management. Gain on sales of one of the property amounting SAR 41 M has also been recorded during the current year.
Annual financial statements (unaudited) of Red Sea Cables have been shared by the Auditors of the investee company directly to the Auditors of ARTEX. As their Audit is still in finalization process therefore, the un-audited figures of Red Sea Cables have been accounted for in the financial statements for the year ended 31 Dec, 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.