| 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. |