Multi Business Group Co. announces its Interim Financial results for the period ending on 2025-06-30 ( Six Months )
| Element List | Current Period | Similar period for previous year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 75,815,696 | 53,138,864 | 42.674 | ||
| Net profit (Loss) | 4,351,599 | 4,465,359 | -2.547 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 89,841,347 | 88,298,237 | 1.747 | ||
| Profit (Loss) per Share | 0.29 | 0.37 | |||
| 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 | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| 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 for the increase in revenues during this period by (43%) compared to the previous period is due to:
- Increase in building contracting revenues by (43%) compared to the previous period due to the continued growth in revenues related to office projects and the expansion of housing projects, despite the decrease in revenues related to commercial and retail projects. - Increase in building materials revenues by (26%) compared to the previous period |
| 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 reason for the decrease in net profit during this period by (3%) compared to the previous period is due to:
- Decrease in gross profit by (12%) compared to the previous period due to an increase in materials & operating supplies, in addition to the rise in the contribution of low-margin projects to the revenue structure. - Increase in Zakat expenses by (165%) compared to the previous period due to an increase in the Zakat base as a result of the increase in capital through the initial public offering.
This is despite: - Decrease in general & administrative expenses by (24%) compared to the previous period due to decreased expected credit losses. - Decrease in financing costs by (85%) compared to the previous period due to reducing reliance on external financing as a result of the cash improvement. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | Some comparative figures have been reclassified to conform to the current period presentation. |
| Additional Information | Basic earnings per share related to shares were calculated by dividing the net profit attributable tothe company’s shareholders by the weighted average number of common shares outstanding during the year, where the average number of shares outstanding for the previous period was (12,000,000) shares, and the average number of shares outstanding for the current period was (15,000,000) shares. For more details, please see Note No. (17) in the financial statements. |
| Attached Documents |  |
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