| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | Sales decreased primarily driven by the impact from the ongoing geopolitical situation in the region, and the impact from the currency devaluation in Egypt. |
| 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 decreased due to sales performance being impacted by the ongoing geopolitical situation in the region, and the impact from the currency devaluation in Egypt. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Sales registered a growth of +9.5% primarily driven by the relative recovery in some of the region's markets, supported by the positive effect from marketing initiatives and continued service improvement, in addition to fewer Ramadan days compared to the previous quarter. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net profit increased primarily driven by sales growth, supported by the positive impact from the operational efficiency improvement resulting from management's actions aimed at creating a more agile cost structure and better balance between variable and fixed costs, with continued focus on operational excellence and service improvement. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Sales decreased primarily driven by the impact from the ongoing geopolitical situation in the region, and the impact from the currency devaluation in Egypt. |
| 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 decreased due to sales performance being impacted by the ongoing geopolitical situation in the region and the impact from the currency devaluation in Egypt, in addition to the non-recurring costs recorded in the first quarter of 2024 amounting to SAR 11 million. |
| 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) | Not applicable |
| Reclassification of Comparison Items | Not applicable |
| Additional Information | Alamar maintains a robust balance sheet with a strong net cash position, supported by net cash generation from operating activities amounting to SAR 45 million in the first half of 2024. Over the last twelve months, Alamar opened 20 new corporate stores on a net basis with its corporate store count reaching 525 stores as of end of June 2024. |
