Ades Holding Co. announces its Interim Financial results for the Period Ending on 2026-03-31 ( Three Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	2,390,736	1,470,138	62.619	1,986,061	20.375
Gross Profit (Loss)	878,849	590,184	48.911	744,658	18.02
Operational Profit (Loss)	675,267	475,605	41.98	584,810	15.467
Net Profit (Loss) Attributable to Shareholders of the Issuer	236,442	194,155	21.78	220,685	7.14
Total Comprehensive Income Attributable to Shareholders of the Issuer	252,879	168,316	50.24	191,438	32.094
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)	6,768,046	6,418,901	5.439
Profit (Loss) per Share	0.21	0.18
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	ADES recorded robust revenues of SAR 2,390.7 million in 1Q 2026 (47.4% generated from GCC countries), reflecting an increase of 62.6% year-over-year compared to 1Q 2025. This reflects the Group’s operational excellence across its core markets, alongside contributions from the acquisition of Shelf Drilling and expanded international operations.
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 increase in net profit year-over-year in 1Q 2026 is mainly driven by the contribution of Shelf acquisition.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	Revenues increased by 20.4% to SAR 2,390.7 million in 1Q 2026, compared to SAR 1,986.1 million in 4Q 2025, mainly reflecting the full quarter contribution of the acquisition of Shelf Drilling compared to a one month contribution in the previous quarter.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	1Q 2026 net profit increased versus 4Q 2025, due to the full quarter contribution of the acquisition of Shelf Drilling compared to a one month contribution in the previous quarter.
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)	Unmodified conclusion
Reclassification of Comparison Items	N/A
Additional Information	* EPS is calculated based on the weighted average number of ordinary shares of 1,104,150 thousand shares in Q1 2026 compared to 1,100,936 thousand shares during Q1 2025.

**Operating profit is calculated as Gross profit less General and administrative expenses.

*** The net profit for the period equals SAR 240,853 thousands in Q1 2026 compared to 196,679 thousands in Q1 2025Attached Documents

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