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Sinad Holding Co. announces its Interim Financial results for the Period Ending on 2025-06-30 ( Six Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 410.8 | 407.6 | 0.785 | 412.1 | -0.315 |
| Gross Profit (Loss) | 108.9 | 131.1 | -16.933 | 122 | -10.737 |
| Operational Profit (Loss) | 21.8 | 32.5 | -32.923 | 17.8 | 22.471 |
| Net profit (Loss) | -3 | 0.9 | - | -2.7 | 11.111 |
| Total Comprehensive Income | -11.1 | -66.2 | -83.232 | 107.9 | - |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 822.8 | 853.1 | -3.551 |
| Gross Profit (Loss) | 230.8 | 265.8 | -13.167 |
| Operational Profit (Loss) | 39.7 | 52.5 | -24.38 |
| Net profit (Loss) | -5.8 | -13.1 | -55.725 |
| Total Comprehensive Income | 96.8 | -104.4 | - |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,176.8 | 979.1 | 20.192 |
| Profit (Loss) per Share | -0.05 | -0.1 | |
| All figures are in (Millions) 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 (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| 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 increase in sales during the current quarter compared to the same quarter of the previous year is due to increased sales from some distribution channels. |
| 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 reason for recording a net loss during the current quarter compared to a net profit during the same quarter of the previous year is due to a decrease in operating profits, primarily resulting from a decrease in gross profit due to a decrease in gross profit from sales, in addition to recording a total loss on investments compared to a total profit during the same quarter of the previous year, an increase in selling and distribution expenses, general and administrative expenses, recording other expenses during the current quarter compared to other revenues during the same quarter of the previous year, and an increase in currency exchange expenses and financing expenses. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The reason for the decrease in sales during the current quarter compared to the previous quarter is due to the impact of seasonal demand on current quarter sales compared to the previous quarter. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The reason for the increase in net loss during the current quarter compared to the net loss during the previous quarter is due to recording a total loss on investments during the current quarter compared to a profit on investments during the previous quarter, an increase in general and administrative expenses, recording other expenses during the current quarter compared to other revenues during the previous quarter, and an increase in currency exchange expenses and financing expenses |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | The decrease in sales during the current period compared to the same period last year is primarily due to the company's sales being impacted by the decline in the currency exchange rate at one of its subsidiaries in the Arab Republic of Egypt. This was despite the subsidiary's increased sales in Egyptian pounds, as well as a decrease in sales from companies in the Kingdom of Saudi Arabia. |
| 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 decrease in net loss during the period is due to lower general and administrative expenses, higher other operating income, lower currency exchange rate losses, and lower zakat expense. |
| 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 figures of the prior period have been reclassified to conform with the presentation for the current period |
| Additional Information | N/A |
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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