| Item | Current Quarter | Same Quarter of the Previous Year | Change % | Previous Quarter | Change % |
|---|---|---|---|---|---|
| Sales / Revenues | 18,031,761 | 39,295,850 | -54.112 | 13,446,952 | 34.095 |
| Gross Profit (Loss) | 15,249,227 | 20,959,274 | -27.243 | 13,485,778 | 13.076 |
| Operating Profit (Loss) | 12,492,933 | 19,133,265 | -34.705 | 10,325,404 | 20.992 |
| Net Profit (Loss) | 9,997,824 | 13,637,077 | -26.686 | 5,540,511 | 80.449 |
| Total Comprehensive Income | 9,837,426 | 13,583,677 | -27.579 | 5,479,317 | 79.537 |
| All figures are in (Actual) Saudi Riyals (SAR) | |||||
| Item | Current Period | Same Period of the Previous Year | Change % |
|---|---|---|---|
| Total Equity (after excluding non-controlling interests) | 404,736,114 | 395,012,591 | 2.461 |
| Earnings (Loss) Per Share | 0.05 | 0.07 | |
| All figures are in (Actual) Saudi Riyals (SAR) | |||
| Item | Value | Percentage of Capital | |
|---|---|---|---|
| Gains (Losses) from Changes in the Fair Value of Investment Properties | – | – | |
| All figures are in (Actual) Saudi Riyals (SAR) | |||
| Item | Explanation |
|---|---|
| The reason for the increase (decrease) in sales / revenues during the current quarter compared with the same quarter of the previous year | The decrease in revenues during the current quarter compared with the same quarter of the previous year is due, despite a 9% increase in rental revenues compared with Q1 2024, to the presence of land sales in Al-Qadisiyah district in the previous quarter amounting to SAR 22.6 million, while no comparable land sales were recorded in the current quarter. |
| The reason for the increase (decrease) in net profit during the current quarter compared with the same quarter of the previous year | The decrease in net profit during the current quarter compared with the same quarter of the previous year is attributable to the existence of profits from land sales in Al-Qadisiyah district in Q1 2024. |
| The reason for the increase (decrease) in sales / revenues during the current quarter compared with the previous quarter | The increase in revenues during the current quarter compared with the previous quarter (Q4 2024) is due to an increase in rental revenues in the company and its subsidiary, Al-Azizah Investment and Real Estate Development Company. |
| The reason for the increase (decrease) in net profit during the current quarter compared with the previous quarter | The reason for the increase in net profit during the current quarter compared with the previous quarter is: 1) A 34% increase in rental revenues. 2) A provision for losses was recognized in the previous quarter amounting to SAR 1.084 million, while the current quarter includes a reversal of the provision amounting to SAR 502 thousand related to the collection of amounts from tenants. 3) A decrease in the value of investment properties was recorded in the previous quarter amounting to SAR 616 thousand, while the current quarter includes gains from the reversal of the decrease amounting to SAR 262 thousand. |
| Type of the Auditor’s Report | Unmodified Opinion |
| Any note in the auditor’s report (Other matter / Qualification / Emphasis of matter / Disclaimer / Adverse opinion) as stated in the auditor’s report | None |
| Reclassification of some comparative figures | Comparative figures were reclassified to be consistent with the current presentation method. |
| Additional Information | – |
