4310 · 10/08/2025 15:43:58 · Announcement #89449 · View on Saudi Exchange

Knowledge Economic City announces its Interim Financial results for the Period Ended on 2025-06-30 ( Six Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 61,4583,5931,610.49250,99820.51
Gross Profit (Loss) 12,1778861,274.3799,77924.521
Operational Profit (Loss) -31,540-20,60853.047-14,991110.392
Net profit (Loss) -37,685-25,11450.055-17,260118.337
Total Comprehensive Income -39,188-24,25961.54-20,89787.529
All figures are in (Thousands) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 112,45711,111912.123
Gross Profit (Loss) 21,9563,375550.548
Operational Profit (Loss) -46,531-33,45939.068
Net profit (Loss) -54,945-38,69641.991
Total Comprehensive Income -60,085-27,096121.748
Total Shareholders Equity (after Deducting Minority Equity) 2,929,6572,976,373-1.569
Profit (Loss) per Share -0.162-0.114
All figures are in (Thousands) Saudi Arabia, Riyals
Element ListAmountPercentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value --
Accumulated Losses -461,182-14
All figures are in (Thousands) Saudi Arabia, Riyals
Element ListExplanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is During the current quarter, the sales have increased as compared to the same quarter of the last year. This is mainly due to selling of units from one of the company's new residential projects.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is During the current quarter, the increase in net loss, as compared to the same quarter of the last year is mainly due to increase in operating expenses.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is During the current quarter, the increase in sales compared with the previous quarter resulted from the increase in sales of units available for sales for one of the company's projects.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is During the current quarter, the increase in net loss compared to the previous quarter is mainly due to increase in operating expenses.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is During the current period, sales have increased as compared with the same period in the last year due to fact that the units from one of the new residential projects started to sell from August 2024 onward, while the same period in last year sales included sales of units during the period from January to June related to another residential project which was completed the year before.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is During the current period, the increase in net loss as compared to the same period of the last year is mainly due to increase in operating expenses.
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) None
Reclassification of Comparison Items None
Additional Information -

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.