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Announcement of Naqi Water Company Regarding the Annual Financial Results for the Year Ended 2025-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 186,945,087 | 219,340,133 | -14.77 | ||
| Gross Profit (Loss) | 67,072,728 | 76,646,768 | -12.49 | ||
| Operational Profit (Loss) | 7,740,402 | 25,631,434 | -69.8 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -2,687,767 | 30,184,860 | - | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -3,000,546 | 30,791,759 | - | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 270,922,965 | 273,923,511 | -1.09 | ||
| Profit (Loss) per Share | -0.13 | 1.51 | |||
| All figures are in (Actual) 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 (Actual) 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 decrease in sales/revenues during the current year compared to the previous year is primarily attributable to a decline in wholesale segment sales, while the retail segment recorded growth driven by the Company’s strategic direction toward strengthening its presence in this segment through expansion in opening new branches. Additionally, sales of the table eggs segment were affected during the year due to the sector’s transition from its operational phase to phases associated with strategic expansions within the sector’s development plans, which had been previously announced to the shareholders. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The net loss for the current year compared to the previous year is primarily attributable to non-operating factors represented by the revaluation results of financial assets at fair value through profit or loss, which constitute unrealized losses resulting from changes in the fair value of these assets (the investment portfolio), amounting to approximately SAR (13.7) million, which had a direct impact on the net result for the period. Nevertheless, the Company was able to achieve an operating profit during the period and maintain stability in the gross profit margin, reflecting efficient cost management and the Company’s continued ability to generate returns from its core operations. The year’s results were also affected by operational factors, including the decline in sales and the increase in operating expenses associated with opening new branches as part of the expansion plan in the retail segment, in addition to an increase in the provision for credit losses. The Company confirms its ongoing implementation of its operational and expansion plans in accordance with its approved strategy, while monitoring the impact of these factors on the results of upcoming periods, thereby supporting the enhancement of operational efficiency and improvement of financial performance. |
| 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) | N/A |
| Reclassification of Comparison Items | Some comparative figures have been reclassified to conform with the presentation of the financial statements for the current year. |
| Additional Information | - |
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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