Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 629,975 505,821 24.545 544,651 15.665
Gross Profit (Loss) 176,971 156,573 13.027 169,227 4.576
Operational Profit (Loss) 105,765 98,194 7.71 111,318 -4.988
Net profit (Loss) 80,270 71,698 11.955 85,630 -6.259
Total Comprehensive Income 80,069 71,703 11.667 83,459 -4.061
All figures are in (Thousands) Saudi Arabia, Riyals

 

Element List Current Period Similar period for previous year %Change
Sales/Revenue 1,718,039 1,347,766 27.473
Gross Profit (Loss) 520,197 405,283 28.354
Operational Profit (Loss) 324,202 262,372 23.565
Net profit (Loss) 248,661 212,627 16.947
Total Comprehensive Income 244,127 211,584 15.38
Total Shareholders Equity (after Deducting Minority Equity) 2,828,683 2,590,974 9.174
Profit (Loss) per Share 3.18 2.87
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 - -
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 revenue is primarily driven by the overall growth in lease fleet. Additionally. The consolidation of Autoworld (AW) during this period contributed to the lease revenue, which was presented only for 2 months in the corresponding quarter of last year.
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 increase in the net profit during the current quarter compared to the same quarter last year is mainly driven by the higher revenue, significant growth in the long-term lease incrementally acquired business and along with improved cost efficiency.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The reason of the increase during the current quarter compared to the previous one is due to increase in lease revenue along with growth in the lease fleet including higher car sale revenue due to volume and the mix of the vehicles sold.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The decrease in net profit during the current quarter compared to the previous one is primarily due to higher other expenses recorded during the period. Additionally, an increase in total vehicle losses and a significant rise in the accident rate resulted in elevated maintenance costs, which impacted profitability despite the increase in revenue.
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 of the increase in the revenue during the current period compared to the same period of the last year is primarily driven by the overall growth in lease fleet. Additionally. The consolidation of Autoworld (AW) during this period contributed to the lease revenue, which was present only for 2 months in the corresponding period of the last year.
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 increase in the net profit for the current period compared to last year is mainly attributed to high revenue growth, improved operational efficiency, and disciplined cost control. These factors strengthened both gross and operating profit, offsetting challenges from higher financing expenses, and increased depreciation from fleet expansion.
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 Certain comparative figures have been reclassified/disclosed to conform with the current period presentation.
Additional Information For uniformity and year-on-year comparability, Q3 2024 net profit has been replaced with Profit attributable to Shareholders of the Parent Company.
 

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