Thimar Development Holding Co. announces its Interim Financial results for the Period Ending on 2024-06-30 ( Six Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	-	-	-	-	-
Gross Profit (Loss)	-	-	-	-	-
Operational Profit (Loss)	-5,128,213	-1,488,709	244.473	-4,608,047	11.288
Net profit (Loss)	-4,642,664	-1,380,709	236.252	-2,306,159	101.315
Total Comprehensive Income	-4,642,664	-1,380,709	236.252	-2,306,159	101.315
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	-	-	-
Gross Profit (Loss)	-	-	-
Operational Profit (Loss)	-9,736,260	-2,667,007	265.063
Net profit (Loss)	-6,948,823	-1,707,112	307.051
Total Comprehensive Income	-6,948,823	-1,707,112	307.051
Total Shareholders Equity (after Deducting Minority Equity)	24,190,526	-102,214,254	-
Profit (Loss) per Share	-1.07	-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	-	-
Accumulated Losses	-81,835,357	-125.9
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	The company has no revenues during the current quarter as well as the same quarter of the last year
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 reason for increase in net loss during current quarter compared to the same quarter of the previous year is due to:

1- increase in general and administrative expenses during current quarter

2- Increased expense as a result of adjusting cash flows for financial obligationsThe reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The company has no revenues during the current quarter as well as the previous quarterThe reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The reason for increase in net loss during current quarter compared to the previous quarter is due to:

1- increase in general and administrative expenses during current quarter

2- decrease in other income.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 company has no revenues during the current period as well as the same period of the last yearThe reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The reason for increase in net loss during current period compared to the same period of previous year is due to:

1- Increase in general and administrative expenses.

2- Increased expense as a result of adjusting cash flows for financial obligationsStatement of the type of external auditor's report Unmodified conclusionComment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) External auditor's opinion and Emphasis Of Matter (Attached)Reclassification of Comparison Items Some balances in the interim financial statements for the period ending on June 30, 2023 have been reclassified, as the following have been amended:

1- Operating profit (loss) becomes a loss of 2,667,007 Saudi riyals instead of a loss of 2,522,921 Saudi riyals

2- Net profit (loss) to become a loss of 1,707,112 Saudi riyals instead of a loss of 1,563,026 Saudi riyals

3- Total comprehensive income becomes a loss of 1,707,112 Saudi riyals instead of a loss of 1,563,026 Saudi riyals.

4- The profit (loss) per share becomes a loss of (0.26) instead of a loss of (0.16)Additional Information 1- The accumulated losses amounted to (81,835,357) Saudi riyals and their percentage of the capital (125.90%)

2- We would like to note that during the second quarter ending on June 30, 2024, and according to the results of the extraordinary general assembly, which included approval of the Board of Directors’ recommendation to reduce the company’s capital from 250,000,000 million Saudi riyals (25,000,000 shares) to 65,000,000 million Saudi riyals (6,500,000 shares), a reduction rate of 74%. % of the company’s capital by offering priority rights shares and canceling (18,500,000 shares) with the aim of restructuring the company’s capital and extinguishing an amount of 185,000,000 Saudi riyals from the accumulated losses. During the current quarter, the company’s capital was reduced by an amount of 185,000,000 Saudi riyals and a portion of the accumulated losses was extinguished by an amount 185,000,000 Saudi riyals

3- Basic and diluted loss per share were calculated based on the number of shares outstanding at the end of the period after taking into account retrospective adjustments, and the comparison figure was adjusted accordinglyAttached Documents

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