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Service Equipment Co. announces its Annual Financial results for the period ending on 31/12/2025
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 50,518 | 57,437 | -12.05 | ||
| Gross Profit (Loss) | 22,462 | 28,018 | -19.83 | ||
| Operational Profit (Loss) | 6,128 | 16,329 | -62.47 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 6,001 | 16,241 | -63.05 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 5,979 | 16,704 | -64.21 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 44,267 | 41,887 | 5.68 | ||
| Profit (Loss) per Share | 2.5 | 6.77 | |||
| All figures are in (Thousands) 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 (Thousands) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | The decline in revenues is attributable to a decrease in demand within the corporate sector during the period compared to the previous year. (Please refer to the attached financial results statement for more details.) |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The decrease in net profit during the current year compared to the previous year is mainly attributable to the following: • The decline in revenues is attributable to a decrease in demand within the corporate sector during the period compared to the previous year. • An increase in administrative expenses to strengthen the administrative structure and governance.. • The recognition of expected credit loss provisions for certain accounts receivable in accordance with the requirements of International Financial Reporting Standard (IFRS) No. (9). |
| Statement of the type of external auditor's report | Unmodified opinion |
| 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) | There are no reservations; however, attention is drawn to the listing of 720,000 shares, representing 30% of the total shares, in the Parallel Market (Nomu) on May 4, 2025. |
| Reclassification of Comparison Items | N/A |
| Additional Information | - |
| Attached Documents |  |
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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