| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 54,541,708 | 57,774,315 | -5.595 | 69,229,619 | -21.216 |
| Gross Profit (Loss) | -3,239,596 | 4,226,095 | - | 3,199,272 | - |
| Operational Profit (Loss) | -9,612,443 | -4,917,874 | 95.459 | -5,547,808 | 73.265 |
| Net profit (Loss) | -25,108,306 | -11,860,898 | 111.689 | -23,391,848 | 7.337 |
| Total Comprehensive Income | -25,108,306 | -11,860,898 | 111.689 | -23,391,848 | 7.337 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 192,269,540 | 181,338,451 | 6.028 |
| Gross Profit (Loss) | 1,966,997 | 24,025,945 | -91.813 |
| Operational Profit (Loss) | -21,433,486 | 3,191,491 | - |
| Net profit (Loss) | -63,735,243 | -27,725,962 | 129.875 |
| Total Comprehensive Income | -63,735,243 | -27,725,962 | 129.875 |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,052,748,818 | 1,116,748,888 | -5.73 |
| Profit (Loss) per Share | -0.59 | -0.26 | |
| All figures are in (Actual) 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 (Actual) 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 | Revenue reached SAR 54.5 million for the third quarter of 2025, compared to SAR 57.8 million for the same quarter of the previous year. The 5.6% decrease in revenue is attributed to a decline in sales volume despite an increase in the average selling price. |
| 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 loss during the current quarter compared to the same quarter of the previous year is due to a decrease in revenues and an increase in production costs resulting from the second rise in heavy fuel oil prices at the beginning of 2025. Additionally, revenues of SAR 14 million from the rescheduling of facilities were recorded in the same quarter of the previous year. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Revenues reached 54.5 million riyals for the third quarter of 2025, compared to 69.2 million riyals for the previous quarter. The reason for the decrease in revenues by 21.2% is due to a decrease in sales volume. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The increase in net loss during the current quarter compared to the previous quarter is due to a decrease in revenues. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Revenue reached SAR 192.3 million for the current period of 2025, compared to SAR 181.3 million for the same period of the previous year. The 6% increase in revenue is attributed to a rise in the average selling price. |
| 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 increase in net loss during the current period compared to the same period of the previous year is due to the increase in production costs due to the increase in heavy fuel prices for the second time at the beginning of 2025 AD, in addition to recording revenues from the rescheduling of facilities in the same period of the previous year amounting to 14 million riyals, despite the increase in revenues. |
| 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) | Other Matter |
The interim condensed consolidated financial information of the Group for the three-month and nine-month periods ended 30 September 2024 were reviewed by another auditor who expressed an unmodified conclusion on those interim condensed consolidated financial information on 11 Jumada Al-Awwal 1446H corresponding to 13 November 2024. In addition, the Group’s consolidated financial statement for the year ended 31 December 2024 were audited by another auditor who issued unmodified opinion on those consolidated financial statements on 30 Shawwal 1446H corresponding to 28 April 2025.
We have reviewed the adjustments mentioned in note 19 that were applied to restate the comparative figures presented of the interim condensed consolidated statements of profit or loss and other comprehensive income, the interim condensed consolidated statement of changes in equity and interim condensed consolidated statement of cash flows for the three-month and nine-month periods ended 30 September 2024.
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