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Waja Co. announces its Annual Financial results for the period ending on 2025-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 138,520,033 | 198,813,515 | -30.33 | ||
| Gross Profit (Loss) | 26,385,077 | 19,996,562 | 31.95 | ||
| Operational Profit (Loss) | 9,982,450 | 9,045,264 | 10.36 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 5,134,544 | 5,314,195 | -3.38 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 4,790,786 | 5,529,397 | -13.36 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 105,567,189 | 100,776,403 | 4.75 | ||
| Profit (Loss) per Share | 0.07 | 0.08 | |||
| 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 | Total company revenues decreased by SAR 60,293,482, representing a 30.33% decline compared to the previous year. This decrease is primarily attributable to a reduction in the value of projects executed during the year, despite the fact that the projects undertaken were of higher profitability. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The company’s net profit for 2025 decreased compared to 2024 by SAR 179,651, representing a decline of 3.38%. This decrease is mainly attributable to lower revenues resulting from a decline in the value of executed projects, in addition to an increase in administrative expenses, despite an improvement in project profitability margins during the year. |
| 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) | None |
| Reclassification of Comparison Items | Some comparative figures have been reclassified to align with the presentation of the current period. |
| Additional Information | The decline in net profit is primarily attributable to an increase in administrative expenses during 2025 compared to 2024, amounting to SAR 3,337,695, representing a rise of 57.13%. The main drivers of this increase are: 1- Higher professional fees totaling SAR 1,779,814, mainly due to activities related to preparing the company’s transition from the parallel market to the main market. 2- An increase in bank charges amounting to SAR 581,817, resulting from the expansion of credit facilities and the associated banking fees, administrative charges, and loan issuance fees. Additionally, there has been an adjustment to the 2024 financial statements in certain items, most notably “Right-of-Use Assets and Lease Liabilities,” in accordance with Note 32 in the financial statements. |
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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