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06 January 09:13 PM

Tourism Enterprise Co. (Shams) announces its Interim Financial results for the Period Ending on 2025-09-30 ( Nine Months )

TECO 4170 1,070.21% 11.00 10.06
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 1,578,975 2,114,761 -25.335 3,472,753 -54.532
Gross Profit (Loss) -2,233,168 -751,151 197.299 311,564 -
Operational Profit (Loss) -3,889,362 -2,971,702 30.879 -3,395,985 14.528
Net profit (Loss) -363,830 1,224,373 - -3,767,413 -90.342
Total Comprehensive Income -378,830 1,189,373 - -3,782,413 -89.984
All figures are in (Actual) Saudi Arabia, Riyals


Element List Current Period Similar period for previous year %Change
Sales/Revenue 6,463,155 6,319,856 2.267
Gross Profit (Loss) -3,675,136 -1,909,677 92.448
Operational Profit (Loss) -10,166,837 -8,196,515 24.038
Net profit (Loss) -3,405,011 8,143,289 -
Total Comprehensive Income -3,443,516 8,038,289 -
Total Shareholders Equity (after Deducting Minority Equity) 500,261,229 514,538,085 -2.774
Profit (Loss) per Share -0.059 0.141
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 -71,757,845 -12.41
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 reason for the decrease in revenue during the current quarter compared to the same quarter of the previous year is due to the decrease in revenue resulting from the seasonality of the activity and competition in the sector.
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 decrease in net profit during the quarter compared to the same quarter of the previous year is due to the decrease in returns on the Islamic Murabaha deposit as a result of the investment in the "Sedco Capital-Agdan Fairmont Fund" in addition to development work in the service areas during the period of low occupancy at the resort.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The decrease in revenues during the current quarter compared to the previous quarter is due to the seasonality of the activity, which is represented by the coincidence of Eid al-Fitr and Eid al-Adha during the second quarter, in addition to competition in the sector.
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 quarter is due to the increase in the Islamic profit rate on deposits compared to the previous quarter, in addition to the change in the fair value of financial investments with an increase compared to the previous quarter.
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 period compared to the same period of the previous year is due to increased occupancy rates and sales efforts.
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 the current period compared to the same period of the previous year is due to the decrease in the Islamic profit rate in addition to the investment in the "Sedco Capital-Agdan Fairmont Fund".
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) nothing
Reclassification of Comparison Items Certain comparative figures for the prior period have been reclassified to conform to the current period's presentation.
Additional Information -

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