Arab Sea Information System Co. announces its Interim consolidated 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	11,132,498	7,355,038	51.358	7,600,214	46.476
Gross Profit (Loss)	1,266,520	1,106,558	14.455	50,498	2,408.059
Operational Profit (Loss)	-4,652,553	-5,801,571	-19.805	-8,180,531	-43.126
Net profit (Loss)	-4,608,662	-5,771,590	-20.149	-7,983,303	-42.271
Total Comprehensive Income	-4,608,662	-5,771,590	-20.149	-7,983,303	-42.271
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	27,822,539	22,196,318	25.347
Gross Profit (Loss)	1,417,741	3,114,909	-54.485
Operational Profit (Loss)	-19,743,554	-17,160,206	15.054
Net profit (Loss)	-19,561,299	-17,481,996	11.893
Total Comprehensive Income	-19,561,299	-17,481,996	11.893
Total Shareholders Equity (after Deducting Minority Equity)	107,963,581	118,800,798	-9.122
Profit (Loss) per Share	-0.2	-0.17
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	-	-
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 reason for the increase in sales during the current quarter compared to the same quarter of the previous year is due to:

- Sales increased in the current quarter by 51.36% compared to the same quarter of the previous year due to the increase in revenues from government projectsThe 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 the decrease in net loss during the current quarter compared to the same quarter of the previous year is due to:

- A decrease in net loss in the current quarter by 20.15% compared to the same quarter of the previous year due to the increase in the company’s revenues.The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The reason for the increase in sales during the current quarter compared to the previous quarter is due to:

- Sales increased in the current quarter by 46.48% compared to the previous quarter due to the increase in revenues from government projects.The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The reason for the decrease in net loss during the current quarter compared to the previous quarter is due to:

- A decrease in net loss in the current quarter by 42.27% compared to the previous quarter due to the increase in the company’s revenues.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 reason for the increase in sales during the current period compared to the same period of the previous year is due to:

- Sales increased by 25.35% in the current period compared to the same period of the previous year due to the increase in revenues from government projects.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 reason for the increase in net loss during the current period compared to the same period of the previous year is due to:

- an increase in the cost of revenues in the current period by 38.38% compared to the same period of the previous year, due to the increase in the cost of revenues from government projectsStatement 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) We draw attention to note No. (1-E) to the interim condensed consolidated financial statements as the Group has incurred net loss for the nine-month period ended September 30, 2024, amounting to SAR 19.6 million (September 30, 2023: SAR 17.5 million). Also, the Group has a negative operating cash flows amounting to SAR 2.5 million as at September 30, 2024 (September 30,2023: SAR 6 million). These circumstances indicate the existence of a material uncertainty that may cast significant doubt on the Group's ability to continue as a going concern. Perhaps, management has made an assessment of the Group's ability to continue as a going concern and accordingly Management concluded that the group is continuing, these interim condensed consolidated financial statements have been prepared on the going concern basis. Our opinion on this matter has not been modified.Reclassification of Comparison Items noneAdditional Information -

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