| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 70,671,163 | 70,432,130 | 0.339 | 70,590,646 | 0.114 |
| Gross Profit (Loss) | 28,288,711 | 26,485,368 | 6.808 | 27,322,903 | 3.534 |
| Operational Profit (Loss) | 9,480,043 | 9,261,532 | 2.359 | 6,080,492 | 55.909 |
| Net profit (Loss) | 8,634,810 | 8,521,461 | 1.33 | 5,177,264 | 66.783 |
| Total Comprehensive Income | 8,634,810 | 8,521,461 | 1.33 | 5,199,158 | 66.08 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 207,792,048 | 202,576,235 | 2.574 |
| Profit (Loss) per Share | 0.09 | 0.08 | |
| 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 | - | - | |
| Accumulated Losses | - | - | |
| 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 | Baazeem trading net sales for the first Quarter 2025 ending on 31 March increased by 0.34% reached 70,671,163 compared to 70,432,130 in the first Quarter of 2024. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Baazeem trading net profit for the first Quarter 2025 ending on 31 March increased by 1.33% reached 8,634,810 compared to 8,521,461 in the first Quarter of 2024. The reason for the increase in net profit is driven by company efforts to reduce the cost of good sold. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Baazeem trading net sales for the first Quarter 2025 ending on 31 March increased by 0.11% reached 70,671,163 compared to 70,590,646 in quarter four of 2024. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Baazeem trading net profit for the first Quarter 2025 ending on 31 March increased by 66.78% reached 8,634,810 compared to 5,177,264 in Quarter four of 2024. The increase in net profit is driven by 2 main reasons: |
- The calculation of the expected credit loss provision for the accounts receivable in the fourth quarter of 2024.
- Creating a provision for the VAT differences of the year 2020 during the fourth quarter of 2024.
Refer to note no. (2) group information regarding the Group investment in Baazeem trading establishment - Qatar (a subsidiary). It shown that the investment is registered under the name of one of the main shareholders (Chairman of the Board of Directors) since the beginning of 2008. This investment was approved in the minutes of the meeting of the Board of Directors and the minutes of the Ordinary General Assembly of the company.
2- The earnings by share on the period ending 31-03-2025 increased by 12.5 %, reaching 0.09 compared to 0.08 on the same period last year ending 31-03-2024. Worth mentioning that the total number of company shares is 101,250,000 shares.
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.