Arab Sea Information System Co. announces its consolidated Annual Financial results for the period ending on 2025-12-31

Element List	Current Year	Previous Year	%Change
Sales/Revenue	52,976,457	41,302,316	28.27
Gross Profit (Loss)	27,560,261	15,529,733	77.47
Operational Profit (Loss)	-18,680,410	-23,763,042	-21.39
Net Profit (Loss) Attributable to Shareholders of the Issuer	-19,619,975	-23,602,702	-16.87
Total Comprehensive Income Attributable to Shareholders of the Issuer	-19,729,126	-23,225,038	-15.05
Total Shareholders Equity (after Deducting Minority Equity)	105,248,205	124,977,331	-15.79
Profit (Loss) per Share	-0.2	-0.24
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	-	-
Accumulated Losses	-18,156,325	18.1
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 reason for the increase in revenues this year compared to the previous year is due to:

Revenues for the current year increased by 28.26% compared to the previous year due to higher sales from government contracts. The reason of the increase (decrease) in the net profit during the current year compared to the last year is The reason for the increase in net loss for the current year compared to the previous year is due to:

- A 46% increase in losses from subsidiaries.

- A provision for impairment of receivables amounting to 2,955,190.

- A provision for impairment of inventory. 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) We draw attention to Note 1 to the consolidated financial statements, which indicates that the Group incurred a net loss of SAR 19.6 million for the year ended December 31, 2025. In addition, the Group’s current liabilities exceeded its current assets, resulting in a working capital shortfall of SAR 26.9 million as of that date. These circumstances indicate a material uncertainty that may cast doubt on the Group’s ability to continue as a going concern. As explained in Note 1, management has conducted a going concern assessment of the Group’s ability to continue as a going concern, and accordingly, these consolidated financial statements have been prepared on a going concern basis. Our opinion on this matter is unchanged.

Attention

As part of our review of the 2025 consolidated financial statements, we have also reviewed the adjustments described in Note 33 that were made to restate the 2024 consolidated financial statements. In our opinion, these adjustments are appropriate and have been properly implemented. We were not appointed to review, examine, or perform any action on the Group’s consolidated financial statements for 2024 other than in connection with these adjustments, and therefore we do not express any opinion or provide any other form of assurance on the consolidated financial statements as a whole for 2024.

Furthermore, the Group’s consolidated financial statements for the fiscal year ended December 31, 2024, were audited by another auditor, who issued a modified opinion on those statements in their report dated Shawwal 12, 1446 AH, corresponding to April 10, 2025. Reclassification of Comparison Items Certain comparative figures have been reclassified to conform to the current presentation of the financial statements. Additional Information -

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