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Naqi Water Co. announces its Interim Financial results for the Period Ending on 2026-03-31 ( Three Months )

2282
NAQI
-0.28 %
1447/11/19     06/05/2026 15:39:37

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 51,676,72144,473,00116.19742,530,89121.503
Gross Profit (Loss) 18,825,34215,988,06917.74613,046,04344.299
Operational Profit (Loss) 3,499,1112,794,24225.225-3,168,551-
Net Profit (Loss) Attributable to Shareholders of the Issuer 6,214,7553,640,21470.724-14,584,491-
Total Comprehensive Income Attributable to Shareholders of the Issuer 5,995,4133,852,60855.619-14,626,115-
All figures are in (Actual) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Total Shareholders Equity (after Deducting Minority Equity) 276,918,378270,922,9652.212
Profit (Loss) per Share 0.310.18
All figures are in (Actual) 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 (Actual) 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 reason for the increase in sales/revenues during the current quarter compared to the same quarter of the previous year is due to the noticeable growth in the water sector's revenues, which formed the main driver for the increase in revenues during the period. The success of the company's previously announced strategy, which includes expanding the opening of retail sector branches, contributed to revenue growth and strengthening the customer base. Although the commercial operation of the poultry sector was reflected at the end of the quarter (March, according to the previous announcement), the sector achieved sales similar to the same quarter of the previous year, which represented sales for the entire quarter. This reflects the strength of the operational performance associated with the strategic expansions within the project development plans.
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 the 71% increase in net profit during the current quarter compared to the same quarter of the previous year is due to several positive factors, most notably revenue growth and an improvement in operating profit by 25%, alongside an 18% increase in gross profit. Furthermore, achieving positive results from financial investments during the period contributed to enhancing financial performance, which had a direct impact on the growth of net profit.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The reason for the 22% increase in sales/revenues during the current quarter compared to the previous quarter is due to the significant growth in revenues from the retail water sector, which is considered one of the most important pillars that contributed to the increase in sales/revenues. This growth is a result of the company's continued implementation of its strategy aimed at enhancing the efficiency of its operations in line with approved expansion plans and supporting the path of sustainable growth.
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 143% increase in net profit during the current quarter compared to the previous quarter is due to growth in sales and a noticeable improvement in the volume and efficiency of operational activities, which resulted in an increase in the operating profit of the company's activities. Additionally, the results of non-operating activities, most notably financial investments during the period, contributed to enhancing the overall financial performance, which was clearly reflected in achieving growth in net profitability.
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) Not applicable
Reclassification of Comparison Items Some comparison figures have been reclassified to conform with the presentation of the financial statements for the current period.
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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Last Price 53.85
Net Change -0.15 (-0.28%)
Value Traded (Sar) 1,194,313.85
Volume Traded 22,253
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