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Saudi Company for Hardware announces its Interim Financial results for the Period Ending on 2026-03-31 ( Three Months )

4008
SACO
-0.21 %
1447/11/24     11/05/2026 07:58:14

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 247.34261.32-5.349291-15.003
Gross Profit (Loss) 38.4245.36-15.29939.78-3.418
Operational Profit (Loss) 5.8413.27-55.990.431,258.139
Net Profit (Loss) Attributable to Shareholders of the Issuer 2.015.07-60.355-3.93-
Total Comprehensive Income Attributable to Shareholders of the Issuer 2.014.86-58.641-4.8-
All figures are in (Millions) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Total Shareholders Equity (after Deducting Minority Equity) 362.11331.159.349
Profit (Loss) per Share 0.060.14
All figures are in (Millions) Saudi Arabia, Riyals


Element ListAmountPercentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value --
All figures are in (Millions) 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 of the decline in sales during the current quarter compared to the same quarter of the last year is primarily due to reduced logistics sales, decreased demand for certain seasonal products, and the closure of one of the company’s stores.
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 of the decline in net profit during the current quarter compared to the same quarter of the previous year is mainly due to incurring exceptional amortization expenses related to the Ecommerce platform amounting to SAR 5.45 million, which was fully amortized during the current quarter.

It is worth noting that net profit before this exceptional item amounted to SAR 7.46 million, compared to SAR 5.07 million in the same quarter of the previous year, representing a growth of 47%.

The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The reason of the decline in sales during the current quarter compared to the previous quarter is primarily due to reduced logistics sales, decreased demand for certain seasonal products, and the closure of one of the company’s stores.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The reason for achieving profits during the current quarter, compared to the losses during the previous quarter, is mainly due to the reduction in selling, marketing, general, administrative, and amortization expenses.
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) None
Reclassification of Comparison Items Comparative period figures have been reclassified to conform with current period classification numbers
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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Key Parameters
Last Price 23.45
Net Change -0.05 (-0.21%)
Value Traded (Sar) 2,151,270.8
Volume Traded 91,221
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