| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | During the current quarter of 2025, the Company recorded operating revenues of SAR 357.8 million showing an increase of SAR 25.7 million or 7.7% compared to SAR 332.1 of the same quarter of 2024. This growth is primarily attributable to higher revenues from the Company’s hospitality and residential sectors, driven by improved occupancy rates and increased revenues from the Company’s properties in both Makkah and Madinah. These increases were due to the rise in the number of visitors and Umrah pilgrims, as well as the seasonality of operations. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | During the current quarter, the Company achieved growth in net profit of SAR 35.2 million or 36.6% SAR 131.3 million compared to SAR 96.1 million of the same quarter of 2024. This is primarily driven by the increase in operating revenues during the current quarter of 2025. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The Company’s revenues for the current quarter increased by SAR 20.5 million, or 6.1%, compared to the previous quarter of 2024. This increase is attributable to higher revenues from the Company’s properties, supported by the seasonal nature of operations. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The Company’s net profit for the current quarter increased by SAR 41.2 million, or 45.7%, compared to the previous quarter of 2024. This growth is primarily attributable to the increase in revenues during the current quarter. |
| 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) | N/A |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified to align with the presentation of the current period. |
| Additional Information | In September 2024, the Group completed the comprehensive purchase price allocation process, resulting in the recognition of the fair values of identifiable net assets as of the acquisition date, in accordance with IFRS 3 – Business Combinations. Accordingly, the comparative figures for the corresponding quarter of 2024 have been adjusted and reissued to reflect the accounting impact in the consolidated financial statements. Other comprehensive income for the current period recorded a total loss of SAR (17.6) million, compared to a gain of SAR 139.5 million in the corresponding period of the previous year. This decline is mainly due to a decrease in the fair value of hedging derivatives as of the reporting date, as well as a reduction in the market value of certain investments in other companies accounted for at fair value through other comprehensive income. |
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