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| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 55,165,522 | 44,861,646 | 22.968 | 54,524,478 | 1.175 |
| Gross Profit (Loss) | 6,486,644 | 535,657 | 1,110.969 | 5,939,235 | 9.216 |
| Operational Profit (Loss) | -678,181 | -6,610,755 | -89.741 | -2,145,429 | -68.389 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 272,494 | -5,648,819 | – | -2,464,771 | – |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 272,494 | -5,648,819 | – | -2,464,771 | – |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 350,719,970 | 352,648,648 | -0.546 |
| Profit (Loss) per Share | 0.009 | -0.188 | |
| 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 | – | – | |
| 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 sales/revenue during the current quarter compared to the same quarter of the previous year is due to increased sales by the subsidiary as a result of an expanded customer base. |
| 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 achieving a net profit during the current quarter, compared to achieving a net loss during the same quarter of the previous year, is due to an increase in gross profit from the activity as a result of increased sales and a decrease in the cost of sales ratio. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The increase in sales/revenue during the current quarter compared to the previous quarter is due to increased sales at the subsidiary. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The reason for achieving a net profit during the current quarter, compared to a net loss during the previous quarter, is due to an increase in gross profit from operations as a result of increased sales and a decrease in the cost of sales ratio. |
| Statement of the type of external auditor’s report | Conservation |
| 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) | The auditor opinion is qualified and draws attention
Basis for Qualified Conclusion The condensed consolidated interim statement of financial position includes, under Intangible Assets, Government Grants, which had a net carrying amount of SAR 171.31 million as of March 31, 2026 (December 31, 2025: SAR 171.31 million). Management engaged an independent expert to conduct an impairment assessment of these assets using certain assumptions. Because the assumptions used by the independent expert are not in accordance with the requirements of International Accounting Standard (IAS) 36, “Impairment of Assets,” we have not obtained sufficient and appropriate information regarding the reasonableness of these assumptions as of the date of our review of the accompanying condensed consolidated interim financial statements as of March 31, 2026. Accordingly, we were unable to determine the recoverable amount of these intangible assets, Government Grants, whether an impairment loss should be recognized, or the potential financial impact on the accompanying condensed consolidated interim financial statements. Attention We would like to draw attention to Note (18) attached to the condensed preliminary financial information, regarding the government grant of “agricultural land,” states that on August 2, 2022, the company received a decision from the Ministry of Environment, Water and Agriculture dated June 30, 2022, which stipulated that a title deed could not be issued in the company’s name, but that the company could utilize the land until Saudi Aramco’s actual needs were met. Therefore, management was unable to determine a productive lifespan for utilizing the agricultural land. Our conclusion regarding these matters has not been modified |
| Reclassification of Comparison Items | Not applicable |
| Additional Information | – |
