Alandalus Property Co. announces its Interim Financial Results for the Period Ending on 2023-06-30 ( Six Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	53.95	54.1	-0.28	54.47	-0.95
Gross Profit (Loss)	35.77	37.5	-4.61	35.4	1.04
Operational Profit (Loss)	28.85	29.36	-1.74	30.79	-6.3
Net Profit (Loss) after Zakat and Tax	11.65	15.46	-24.64	14.26	-18.3
Total Comprehensive Income	11.65	15.46	-24.64	14.26	-18.3
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	108.41	107.39	0.95
Gross Profit (Loss)	71.17	74.18	-4.06
Operational Profit (Loss)	59.63	63.91	-6.7
Net Profit (Loss) after Zakat and Tax	25.91	35.25	-26.5
Total Comprehensive Income	25.91	35.25	-26.5
Total Share Holders Equity (after Deducting Minority Equity)	1,085.03	1,074.97	0.94
Profit (Loss) per Share	0.28	0.38
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
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 decrease in the net profit for the current quarter compared to the same quarter of the previous year is mainly due to:

1. Increase in financing cost.

2. A slight decrease in operating profit because of the increase in the cost of revenues.

All the above led to a decrease in net profit, despite the increase in other revenues.The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is The decrease in net profit for the current quarter compared to the previous quarter is mainly due to:

1. Decreased income from associate companies.

2. Increased Financing cost.

All the above led to a decrease in net profit, despite the increase in the gross profit for the current quarter.The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The decrease in net profit for the current period compared to the same period of the previous year is mainly due to:

1. Increase in financing cost.

2. Decrease in operating profit because of the increase in the cost of revenues and marketing expenses, in addition to the increase in general and administrative expenses.

All the above led to a decrease in net profit for the period, despite the increase in revenues and the increase in other revenues.Statement of the type of external auditor's report Unmodified conclusionReclassification of Comparison Items Certain prior period figures have been reclassified to conform with the presentation in the current periodAdditional Information The company's revenues for the first half of this year increased by approximately 1% to reach 108.41 million riyals, compared to 107.39 million riyals for the same half of the previous year. This increase was mainly due to an increase in the revenues of the hospitality sector by 9%, as well as a slight increase in the retail sector by 0.5%.

We would like to draw the attention of our valued shareholders, that the condensed consolidated financial statements for the period ending on June 30, 2023, will be available through the company's website at the link below, after sending it to the competent authorities.

The investors presentation for the current period will also be available on the Investor Relations application of Alandalus Property Company for smartphones and tablets, as well as on the company's website under the Investor Relations section and under the Investors Presentation section.

http://www.alandalus.com.saAttached Documents

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