According to the company’s statement on the Saudi Stock Exchange website, the reason for the decline in net profit is due to non-operating items concentrated in unrealized foreign exchange losses resulting from the valuation of balances in foreign currencies at the date of the financial statements.
The company explained that despite the decline in net profit for the period, the financial results showed an improvement in the quality of profits from operating activities, as the ratio of net operating profit to net profit increased from 96.10% in 2024 to 141.10% in 2025.
This reflects that the profit from the company’s core business exceeds the final net profit, which was negatively affected by non-operating items with a net impact of SAR 4,325,134, while the positive impact of operating items was SAR 1,835,760.
