Tourism Enterprise Co. announces its Annual Financial results for the period ending on 2024-12-31

Element List	Current Year	Previous Year	%Change
Sales/Revenue	9,977,550	9,606,648	3.86
Gross Profit (Loss)	1,063,294	-4,165,255	-
Operational Profit (Loss)	-12,742,804	-59,017,241	-78.41
Net profit (Loss)	6,367,340	-44,196,274	-
Total Comprehensive Income	-2,795,051	-44,310,053	-93.69
Total Shareholders Equity (after Deducting Minority Equity)	503,704,745	506,499,796	-0.55
Profit (Loss) per Share	0.01	-0.04
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	-9,130,277	1.6
Accumulated Losses	68,314,329	11.8
All figures are in (Actual) 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	the increase in revenue compared to last year is due to increase in operational revenues.
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	the increase in net profit for this year compared to last year is due to:

First: As a result of the participation in a private equity investment fund licensed and managed by the SEDCO Capital Company under the name of the SEDCO Capital-Ajdan Fairmont Fund, the fund aims to develop a five-star hotel in Al-Khobar, with an amount of 249.4 million riyals, which represents 43% of the company's capital, which led to a reduction in zakat provision for the year.

Second: Increasing operational revenues compared to last year by 4%.

Third: the decrease in operating costs and expenses by 24% compared to last year.

Fourth: The growth of financial returns by 6% compared to last year. Statement of the type of external auditor's report Unmodified opinion 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) None Reclassification of Comparison Items The comparison numbers have been re -tab for the past year to match the current year numbers tab. Additional Information -

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