Element List Current Period Similar period for previous year %Change
Sales/Revenue 177.78 142.43 24.819
Gross Profit (Loss) 124.36 94.43 31.695
Operational Profit (Loss) 38 60.66 -37.355
Net Profit (Loss) Attributable to Shareholders of the Issuer 108.86 107.7 1.077
Total Comprehensive Income Attributable to Shareholders of the Issuer 108.86 107.7 1.077
Total Shareholders Equity (after Deducting Minority Equity) 4,177 3,997 4.503
Profit (Loss) per Share 0.47 0.49
All figures are in (Millions) 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 (Millions) 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 company achieved revenue from main operations of SAR 73.9 million, an increase of SAR 1 million or 1.4 %, This is mainly attributed to Increase of operating revenue by SAR 1 million
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 company achieved a net profit of SAR 58.4 million, a de-crease of SAR 7.25 million, or 11%, despite a SAR 1 million in-creases in revenue from operating revenue.

 

This was mainly attributed to the Recognition of a SAR 20 million a litigation provision in connection with a lawsuit filed against the Company relating to a lease agreement entered 2004. The provision reflects management's best estimate of the expected obligation, based on the facts and developments of the case, and has been recognized in accordance with the requirements of the applicable accounting stand-ards.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The company achieved revenue from main operations of SAR 73.9, a decrease of SAR 30 million, this is mainly attributed to the partial sales of the company’s non -strategic lands in the previous quarter.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The company achieved a net profit of SAR 58.4 million, an increase of 16%, This is mainly attributed to:

 

1- The increase of operating revenue by SAR 3 million.

2- A decrease in operating costs by SAR 1 million.

3- the recognition of a building that reverted to the Company’s ownership up-on the expiry of the land investment agreement under a Build-Operate-Transfer (BOT) arrangement.

Despite the recognition of a SAR 20 million litigation provision in connection with a lawsuit filed against the Company relating to a lease agreement entered 2004. The provision reflects management's best estimate of the expected obligation, based on the facts and developments of the case, and has been recognized in accordance with the requirements of the applicable accounting standards
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 company achieved revenue from main operations of SAR 177.8 million, an in-crease of SAR 35.4 million This is mainly attributed to:

 

1- the partial sales of the company’s non-strategic lands.

2- The increase of operating revenue by SAR 2 million.
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 company achieved a net profit of SAR 108.9 million, an increase of SAR 1.2 million, or 1% despite the recognition of a SAR 19 million provision for White Land Tax and recognition of a SAR 20 million a provision for legal claims during the period, this is mainly attributed to:

 

1- The recognition of gains from the partial sales of the company’s non-strategic lands.

2- The increase of operating revenue by SAR 2 million.

3- the recognition of a building that reverted to the Company’s owner-ship upon the expiry of the land investment agreement under a Build-Operate-Transfer (BOT) arrangement.
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 Reclassification of comparative figures compatible with the display tab for the current period.
Additional Information The weighted average number of ordinary shares outstanding during Period of 2025 is the number of ordinary shares outstanding at the beginning of the period, adjusted by the number of ordinary shares issued during the period multiplied by a time-weighting factor. The time-weighting factor is the number of days that the shares are outstanding as a proportion of the (Note number of days in the period According to IAS 33 (Note No. 19 in the financial statement).

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