| 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 second-quarter 2025 revenues increased to SAR 388 million compared to SAR 350 million in the second quarter of 2024, primarily due to higher Hajj and commercial mall rental revenue. This growth offset lower hotel & towers revenue, which was impacted by the shift of Ramadan's last ten days into the first quarter of 2025. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is |
Net profit for Second Quarter 2025 increased to SAR 144 million compared to SAR 143 million in Second Quarter 2024. This increase was primarily driven by improved income from the commercial mall and the recognition of the company's share in the net profit of an associate company. This growth occurred despite a lower net profit from the hotel & towers, which was impacted by the shift of Ramadan's last ten days into the first quarter of 2025. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is |
Revenue for Second Quarter 2025 reached SAR 388 million, an increase compared to SAR 236 million in First Quarter 2025. This growth was primarily driven by the recognition of Hajj revenue in the second quarter and higher commercial mall rental revenue. This occurred despite lower hotel revenue, which was attributed to the entire month of Ramadan falling within the first quarter. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is |
Net profit for the Second Quarter 2025 was SAR 144 million, a decline from SAR 150 million in the First Quarter 2025. This decrease was primarily due to a drop in hotel net income, attributed to the entire month of Ramadan falling within the first quarter. This occurred despite positive contributions from the Hajj season, which fell in the second quarter, higher commercial mall net income, and the recognition of the company's share in the net profit of an associate 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 |
Revenue for the first six months of 2025 was SAR 624 million, an increase compared to SAR 536 million in the first six months of 2024. This increase was primarily driven by higher Hajj revenue, increased commercial mall revenue, and improved hotel revenue. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is |
Net profit for the first six months of 2025 was SAR 294 million, an increase compared to SAR 256 million in the first six months of 2024. This increase was primarily driven by the inclusion of the company's share in the net profit of an associate company, as well as higher commercial mall net income. |
| 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 |
Some of the comparative figures for the previous period have been reclassified to conform to the presentation of the figures for the current period |
| Additional Information |
The Gross profit reported in this announcement for the comparative quarter and period last year have been changed to SAR 163 million and SAR 290 million respectively from SAR 165 million and SAR 294 million respectively as reported on 31 July 2024 as a result of reclassification of some expenses. |
| Attached Documents |
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