| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 891,565,266 | 991,655,015 | -10.09 | ||
| Gross Profit (Loss) | 257,960,637 | 293,003,751 | -11.96 | ||
| Operational Profit (Loss) | 51,631,668 | 81,774,324 | -36.86 | ||
| Net profit (Loss) | 35,019,975 | 56,585,182 | -38.11 | ||
| Total Comprehensive Income | 20,545,208 | 51,146,876 | -59.83 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 297,091,456 | 320,377,282 | -7.27 | ||
| Profit (Loss) per Share | 1.52 | 2.29 | |||
| 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 | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | Sales declined impacted by the regional geopolitical environment and the devaluation of the Egyptian currency, although these effects were partially mitigated by our focused marketing campaigns and enhanced customer experience. By the fourth quarter of 2024, sales momentum had surged significantly, achieving robust year-over-year growth and signaling a strong upward trajectory. This performance not only highlights an improving market landscape, but also underscores the success of our strategic initiatives. The sustained positive trend instills confidence in the business’s recovery trajectory and reaffirms its substantial growth potential moving forward. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | Net profit declined due to weaker sales, which were impacted by ongoing regional geopolitical issues and currency devaluation in Egypt, as well as non-recurring costs of SAR 11 million recorded in the first quarter of 2024. However, beginning in the second half of the year, profitability improved significantly, driven by targeted marketing and cost optimization initiatives, as well as a strategic shift toward more variable costs. These measures led to stronger margins and a more agile, resilient organization. In the fourth quarter of 2024 the net profit surged by 305% Year-over-Year, reflecting the success of these efforts |
| Statement of the type of external auditor's report | Unmodified opinion |
| 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) | NA |
| Reclassification of Comparison Items | NA |
| Additional Information | Alamar maintained a robust balance sheet with a solid net cash position, supported by net cash generation of SAR 97million from operating activities in 2024. Following an easing of geopolitical pressures, the company resumed its development efforts in the second half of the year, with a marked acceleration in Q4 2024. Over the past twelve months, Alamar opened 15 net new corporate stores, 11 of which were added in the fourth quarter, bringing its total corporate store count to 537 by year-end. Looking ahead, Alamar remains committed to executing its strategy, with particular emphasis on enhancing the customer experience, leveraging technological advancements, driving product innovation, pursuing operational excellence, fostering community engagement, and executing targeted growth initiatives. |
