| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 1,871 | 1,521 | 23.011 | 1,767 | 5.885 |
| Gross Profit (Loss) | 837 | 575 | 45.565 | 735 | 13.877 |
| Operational Profit (Loss) | 494 | 323 | 52.941 | 464 | 6.465 |
| Net profit (Loss) | 498 | 334 | 49.101 | 486 | 2.469 |
| Total Comprehensive Income | 489 | 334 | 46.407 | 483 | 1.242 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 5,278 | 4,213 | 25.278 |
| Gross Profit (Loss) | 2,199 | 1,722 | 27.7 |
| Operational Profit (Loss) | 1,292 | 1,020 | 26.666 |
| Net profit (Loss) | 1,329 | 1,029 | 29.154 |
| Total Comprehensive Income | 1,317 | 1,029 | 27.988 |
| Total Shareholders Equity (after Deducting Minority Equity) | 4,783 | 3,631 | 31.726 |
| Profit (Loss) per Share | 17.11 | 13.25 | |
| All figures are in (Millions) 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 (Millions) 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 | Revenue increased by 23.01% (SAR 350 million). The increase in revenue resulted from an increase in Digital Business revenue by 31.89%, an increase in Business Process Outsourcing revenue by 4.35%, offset by a decrease in Professional Services revenue by 33.33%. |
| 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 Company achieved a net profit after Zakat of SAR 498 million for the period ended 30 September 2024, with an increase of 49.10% (SAR 164 million) versus the comparative period quarter, as a result of the following: Increase in revenue by 23.01%which led to an increase in gross profit by 45.57% (SAR 262 million). In addition, operating expenses increased by 35.57% (SAR 90 million) due to the increase in general and administration expenses by SAR 28 million, increase in depreciation and amortization expenses by SAR 32 million, and increase in selling and marketing expenses by SAR 11 million, and increase in expected credit loss by SAR 18 million. The non-operating income decreased by 11.90% (SAR 5 million), due to the decrease in income from Murabaha by SAR 9 million and increase in finance expenses by SAR 7 million. This was offset by an increase in fair value gain through profit or loss by SAR 8 million, and an increase in other income by SAR 3 million. In addition, there was an increase in zakat expense by SAR 3 million. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Revenue increased by 5.89% (SAR 104 million), The increase in revenue resulted from an increase in Digital Business revenue by 14.43%, offset by a decrease in Business Process Outsourcing revenue by 14.64%, and a decrease in Professional Services revenue by 17.65%. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The Company achieved a net profit after Zakat of SAR 498 million for the period ended 30 September 2024, with an increase of 2.47% (SAR 12 million) compared to the prior quarter, as a result of the following: Increase in revenue by 5.89%, which led to an increase in gross profit by 13.88% (SAR 102 million). On the other hand, the operating expenses increased by 26.57% (SAR 72 million) due to the increase in expected credit loss by SAR 50 million, and increase in selling and marketing expenses by SAR 6 million, and increase in general and administration expenses by SAR 5 million, and increase in depreciation and amortization expenses by SAR 11 million. In addition, the non-operating income decreased by 38.33% (SAR 23 million), due to the decrease in fair value gain through profit or loss by SAR 11 million and decrease in other income by SAR 15 million. Offset by the increase in income from Murabaha deposit by SAR 3 million. In addition, there was a decrease in zakat expense by SAR 5 million. |
| 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 increased by 25.28% (SAR 1,065 million), the increase in revenue resulted from an increase in Digital Business revenue by 25.66%, increase in Business Process Outsourcing revenue by 29.02%, and was offset by a decrease in Professional Services revenue by 19.13%. |
| 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 Company achieved a net profit after Zakat of SAR 1,329 million for the period ended 30 September 2024, with an increase of 29.15% (SAR 300 million) compared to the comparative period from prior year, as a result of the following: Increase in revenue by 25.28% (SAR 1,065 million), which led to an increase in gross profit by 27.70% (SAR 477 million). On the other hand, operating expenses increased by 29.06% (SAR 204 million) as a result of an increase in the general and administration expenses by SAR 87 million, increase in the selling and marketing expenses by SAR 41 million, increase in depreciation and amortization expenses by SAR 76 million. Offset by the decrease in expected credit losses by SAR 2 million. In addition, non-operating income increased by 33.96% (SAR 35 million), due to the increase in income from Murabaha deposit by SAR 15 million, increase in fair value gain through profit or loss by SAR 27 million, and increase in other income by SAR 11 million, and decrease in share of loss from associates by SAR 1 million. Offset by the increase in finance expenses by SAR 18 million. In addition, there was an increase in zakat expense by SAR 8 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 | Certain comparative figures have been reclassified to conform to the current period presentation. |
| Additional Information | Earnings Before Interest, Taxes (EBIT) for the period ended 30 September 2024 amounted to SAR 1,292 million compared to SAR 1,020 million for the comparative period of prior year, with an increase of 26.67%. |
