Lumi Rental Co. announces its Interim Financial results for the Period Ending on 2024-09-30 ( Nine Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	403,120	291,385	38.346	360,477	11.829
Gross Profit (Loss)	116,247	94,919	22.469	95,275	22.012
Operational Profit (Loss)	76,399	52,997	44.157	83,398	-8.392
Net profit (Loss)	40,135	34,965	14.786	46,010	-12.768
Total Comprehensive Income	40,135	34,965	14.786	46,010	-12.768
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	1,147,641	791,418	45.01
Gross Profit (Loss)	324,995	267,603	21.446
Operational Profit (Loss)	237,061	183,263	29.355
Net profit (Loss)	130,856	134,991	-3.063
Total Comprehensive Income	130,856	134,991	-3.063
Total Shareholders Equity (after Deducting Minority Equity)	1,161,161	993,725	16.849
Profit (Loss) per Share	2.38	2.45
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	The company achieved revenue of SAR 403 million in Q3 2024, marking a 38% growth increase from SAR 291 million on a year-on-year basis. This robust growth across all three business segments underpinned this performance.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	Net profit for Q3 2024 amounted to SAR 40 million, marking a 15% increase year-on-year.

Gross Profit increased by 22% year-on-year, reaching SAR 116 million in Q3 2024.

Finance cost increased by 2.2 times to SAR 35 million in Q3 2024, primarily due to increased borrowing levels.The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The revenue increased by SAR 43 million at a rate of 12% compared to the previous quarter of SAR 360 million. This improvement is attributed to:

- An increased number of vehicles sold in line with the de-fleeting strategy. In which, 2,371 vehicles have been sold during the current quarter compared to 1,518 of previous quarter.

- An 8% revenue growth in the long-term rental segment compared to the previous quarter.The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The net profit declined by SAR 6 million, or 13%, reaching SAR 40 million compared to the previous quarter. This decrease is attributed to the higher operating profit in Q2 2024, driven by a supplier rebate received during that period for vehicle purchases.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 performance of all business segments throughout Q1 to Q3 of 2024 have supported revenue growth for 9M 2024, resulting in an increase of 45%, from SAR 791 million in 9M 2023 to SAR 1.15 billion in 9M 2024.The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is In 9M 2024, net profit decreased by 3%, amounting to SAR 4 million, to reach SAR 131 million on a year-on-year basis

Finance cost increased by 2.4 times to SAR 102 million in 9M 2024, primarily due to increased borrowing levels.Statement 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) NoneReclassification of Comparison Items NoneAdditional Information During 2023, the company won several long-term rental contracts for a total of 5,758 vehicles. As of September 30, 2024, 5,185 vehicles have been delivered. The vehicles delivered alone contributed to rental revenue during the past period. The company expects the remaining vehicles to be delivered during the fourth quarter of 2024, which will have a positive impact on revenue and operating profits starting from the fourth quarter of the current year.Attached Documents

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