The reason for achieving a net profit during the year 2025, compared to achieving a net loss in the previous year, is mainly due to the increase in gross profit by 7%, as the gross profit during the current year amounted to SAR 64.9 million, compared to a gross profit of SAR 60.6 million during the previous year, which is mainly due to the increase in operating revenues by 13% compared to the previous year.
The profit is also due to a 4% decrease in general and administrative expenses, which amounted to SAR 36.6 million this year compared to SAR 38.2 million in the previous year.
Financing costs witnessed a decrease of 34%, as financing costs during the current year amounted to 18.5 million riyals compared to 27.9 million riyals during the previous year.
Achieving a net profit comes despite realizing unrealized losses from fair value investments through profit or loss amounting to SAR 3.2 million during the current year, compared to unrealized gains of SAR 14.7 million during the previous year.
