| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 910,178 | 883,871 | 2.976 | 821,170 | 10.839 |
| Gross Profit (Loss) | 129,790 | 92,064 | 40.978 | 119,520 | 8.592 |
| Operational Profit (Loss) | 64,347 | 40,876 | 57.42 | 51,198 | 25.682 |
| Net profit (Loss) | 36,505 | 29,152 | 25.222 | 30,313 | 20.426 |
| Total Comprehensive Income | 35,810 | 29,152 | 22.838 | 31,054 | 15.315 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 964,596 | 898,080 | 7.406 |
| Profit (Loss) per Share | 0.61 | 0.49 | |
| 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 | - | - | |
| Accumulated Losses | - | - | |
| 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 increase in the company’s revenues is mainly due to the recognition of revenues from the newly acquired oil and gas industries sector, which was recognized starting February 13 (the date of legal transfer of ownership), in addition to the increase in revenues from the plastics industries sector, mainly due to the increase in quantities sold in the sector. |
| 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 reason for the increase in net profit during the current quarter compared to the same quarter of the previous year is mainly due to the following: - Starting the recognition of revenues and profits from the newly acquired oil and gas industries sector, which achieved revenues, and net profits attributable to the shareholders of the company, of SAR 113.6 million and SAR 5.1 million respectively, during the period from February 13 to the end of the first quarter. - The increase in net profit of the electrical industries sector, mainly due to the increase in average selling prices which led to an increase in the gross profit. - The increase in net profit of the plastic industries sector, mainly due to the increase in quantities sold which led to an increase in the gross profit. - The Increase in net profit of the metal and wood industries sector, mainly due to the increase in average selling prices, and quantities sold of the wood products which led to an increase in the gross profit. This increase comes despite the following: - The increase in the operational expenses due to the start of consolidating the operational expenses of the oil and gas industries sector. - The increase in the finance cost due to the increase in the company's total debt related to the acquisition of the oil and gas industries sector and start consolidating the costs of financing the working capital requirements of the sector. - The decrease in the other income. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The increase in the company's revenues is mainly due to the recognition of revenues from the newly acquired oil and gas industries sector, which was recognized starting February 13 (the date of legal transfer of ownership), in addition to the increase in revenues from the plastics industries sector, mainly due to the increase in quantities sold, and the increase in revenues from the electrical industries sector, mainly due to the increase in average selling prices. |
| 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 increase in net profit during the current quarter compared to the previous quarter is mainly due to the following: - Starting the recognition of revenues and profits from the newly acquired oil and gas industries sector, which achieved revenues and net profits of SAR 113.6 million and SAR 5.1 million, respectively, during the period from February 13 to the end of the first quarter. - The increase in net profit of the electrical industries sector, mainly due to the increase in average selling prices which led to an increase in the gross profit. - The increase in net profit of the plastic industries sector, mainly due to the increase in quantities sold which led to an increase in the net profit. - The decrease in the Zakat expense. This increase comes despite the following: - The decrease in net profit of the metal and wood industries sector, mainly due to the decrease in quantities sold of the metal products, which led to a decrease in the gross profit. - The increase in the finance cost due to the increase in the company's total debt related to the acquisition of the oil and gas industries sector and start consolidating the costs of financing the working capital requirements of the sector. - The decrease in the other income. |
| 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) | N/A |
| Reclassification of Comparison Items | N/A |
| Additional Information | It's worth noting that the oil and gas industries sector’s total revenues during the first quarter of 2025 amounted to SAR 262 million, while the sector's net profit reached SAR 23 million during the same period. The company's gross profit margin also increased from 10% to 14%, due to the increase in profit margins in the plastics industries sector and metal products, and the beginning of consolidating the results of the oil and gas industries sector which has high profit margin. Non-controlling interests share during the current quarter amounted to a net profit of SAR 3.9 million as compared to a profit of SAR 3.2 million for the same quarter of the previous year. |
