| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 18,081,759 | 15,645,227 | 15.573 | 17,977,023 | 0.582 |
| Gross Profit (Loss) | 1,046,475 | 4,186,271 | -75.002 | 3,248,021 | -67.781 |
| Operational Profit (Loss) | -13,619,154 | -7,027,518 | 93.797 | -1,054,634 | 1,191.363 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -9,250,486 | -81,000,428 | -88.579 | -14,224,808 | -34.969 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -12,433,100 | -87,457,035 | -85.783 | -13,674,203 | -9.076 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 107,846,916 | 78,703,147 | 37.029 |
| Gross Profit (Loss) | 36,983,011 | -32,279,872 | - |
| Operational Profit (Loss) | 4,719,272 | -63,007,481 | - |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 2,899,572 | -153,276,957 | - |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 1,077,946 | -164,381,860 | - |
| Total Shareholders Equity (after Deducting Minority Equity) | 309,729,892 | 309,630,050 | 0.032 |
| Profit (Loss) per Share | 0.06 | -3.06 | |
| 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 | -130,859,050 | -26.17 | |
| All figures are in (Actual) 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 revenues during the current quarter compared to the same quarter of the previous year is primarily attributable to higher local shrimp sales, driven by stronger domestic demand and improved distribution channels. |
| 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 decrease in net loss during the current quarter compared to the same quarter of the previous year is mainly attributable to the absence of prior-year one-off losses arising from:
1. The closure of the water plant and the impairment of its assets (SAR 6.8 million), 2. ECL recognized for a loan guarantee related to an associate company, Al Reef Sugar Company, amounting to SAR 66.9 million. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The increase in revenues during the current quarter compared to the previous quarter, amounting to 0.6%, reflects stable performance over the last two quarters. This trend is supported by the seasonal nature of the Company’s operations, where the majority of shrimp and fruit harvests occur during the first half of the year. |
| 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 loss during the current quarter compared to the previous is primarily attributable to the absence of a follow-up fee of SAR 11.12 million charged by SIDF in the previous quarter in relation to the loan guarantee provided by JAZADCO for its investee, Al-Reef Sugar Refinery Company. |
| 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 increase in revenues during the current year compared to the previous year is primarily attributable to improved shrimp production efficiency, stronger market demand, and enhanced domestic distribution channels. In addition, expansion into new export markets further supported revenue growth. A total of 49.5% increase in total shrimp sales was recorded during the 2025 compared to the previous year.
Other revenue channels showed consistent performance. Accordingly, the Company’s revenues increased to SAR 107.8 million, compared to SAR 78.7 million in the previous year, representing a growth of 37%. |
| 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 net profit during the current Year compared to the previous year is primarily attributable to:
1. Recovery in shrimp production following early-2024 losses. 2. A fair-value gain on biological assets of SAR 25.6 million vs. loss of SAR 30.3 million in 2024. 3. Higher average selling prices in both local and export markets. 4. Reversal of SAR 9.1 million zakat provision after settling historical obligations for 2006–2023. |
| 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) | Material Uncertainty Related to Going Concern
We draw attention to Note (5.1) to the accompanying consolidated financial statements, which states that the total comprehensive Income for the year ended 31 December 2025, amounted to SR 831,620 (total comprehensive loss for the year ended 31 December 2024: SR 164,613,683). The accumulated losses as of 31 December 2025, amounted to SR 130,859,050. As of that date, the Group’s current liabilities exceeded its total current assets by SR 111,267,597. These events or conditions, collectively, indicate the existence of material uncertainty that may cast significant doubt on the Group’s ability to continue as a going concern. The consolidated financial statements have been prepared on a going concern basis. Our opinion has not been modified in this regard |
| Reclassification of Comparison Items | Certain figures of comparative period have been reclassified to conform with the current period’s presentation |
| Additional Information | The accumulated losses of the Company as of 31 December 2024 decreased from SAR 133.63 million, representing 27% of the Company’s share capital of SAR 500 million, to SAR 130.9 million, representing 26% of the Company’s share capital of SAR 500 million. This decrease is attributed to the profits achieved during 2025. |