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Taiba Investments Co. announces its Interim Financial results for the Period Ending on 2025-06-30 ( Six Months )

4090
TAIBA
-2.59 %
1447/02/11     05/08/2025 08:08:35

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 370377.4-1.96357.83.409
Gross Profit (Loss) 125.2149-15.973174.1-28.087
Operational Profit (Loss) 77.8113.3-31.332148.4-47.574
Net profit (Loss) 107.188.421.153131.3-18.431
Total Comprehensive Income 41.2-31.4-113.8-63.796
All figures are in (Millions) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 727.8709.52.579
Gross Profit (Loss) 299.3300.5-0.399
Operational Profit (Loss) 226.3232.2-2.54
Net profit (Loss) 238.4183.629.847
Total Comprehensive Income 154.9203.2-23.769
Total Shareholders Equity (after Deducting Minority Equity) 6,8076,5923.261
Profit (Loss) per Share 0.920.71
All figures are in (Millions) Saudi Arabia, Riyals


Element ListAmountPercentage 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 ListExplanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is - The decrease in operating revenues during the current quarter compared to the same quarter of the previous year (2024) is due to decline in the company's hospitality revenues during the Hajj season, as a result of a lower number of pilgrims, in addition to decline in the occupancy rates of the company's hotels in Riyadh due to decreased demand.
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 growth in net profit during the current quarter, reaching SAR 107.1 million, an increase of SAR 18.7 million or 21% compared to the same quarter of 2024, which amounted to SAR 88.4 million. This is due to reversal of a legal case provision created in 2023, which is related to the termination of the contractual agreement with one of the operators, as a result of a settlement between the two parties.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is - The increase in the company's revenues during the current quarter compared to the previous quarter of the same year is attributed to seasonal operating activity.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is - The decrease in the company's net profit during the current quarter compared to the previous quarter of the same year is due to decline in the profit margin of some of the company's activities.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is - During the current period of 2025, the company achieved operating revenues of SAR 727.8 million, an increase of SAR 18.4 million or 2.6% compared to the same period in 2024, which amounted to SAR 709.5 million. This increase is due to improved revenues in the company’s various sectors.
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 growth in net profit during the current period, reaching SAR 238.4 million, an increase of SAR 54.8 million or 29.8% compared to the same period in 2024, in which net profit amounted to SAR 183.6 million. This growth is attributed to the increase in revenues during the current period, in addition to the reversal of a legal case provision created in 2023, which is no longer required, as it was related to the termination of a contractual agreement with one of the operators following a settlement between the two parties.
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 - Some comparative figures have been reclassified to conform to the presentation method of the current period’s figures.
Additional Information - In September 2024, the Group completed the comprehensive purchase price allocation process, resulting in fair values for identifiable net assets as of the acquisition date in accordance with International Financial Reporting Standard (IFRS) (3) the comparative figures for the quarter and the corresponding period of 2024 were adjusted and reissued to reflect the accounting impact in the consolidated financial statements.

- The other comprehensive income for the current period recorded a loss of SAR (83.5) million, compared to a profit of SAR 19.6 million in the same period of the previous year. This is attributed to decline in the fair values of financial derivatives (hedging) at the date of the reporting date, in addition to decrease in the market value of some of the company’s investments in other companies accounted for at fair value through other comprehensive income.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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Last Price 19.2
Net Change -0.51 (-2.59%)
Value Traded (Sar) 7,556,353.38
Volume Traded 391,752
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