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Batic Investments and Logistics Co. announces the interim consolidated financial results for the period ending on 30-06-2026 (Six Months)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 132,419,983 | 148,806,807 | -11.012 | 136,782,788 | -3.189 |
| Gross Profit (Loss) | 16,572,941 | 17,181,036 | -3.539 | 18,960,190 | -12.59 |
| Operational Profit (Loss) | 8,552,490 | 8,489,220 | 0.745 | 10,644,427 | -19.652 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 4,869,900 | 1,238,383 | 293.246 | 12,250,125 | -60.246 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 4,869,900 | 1,238,383 | 293.246 | 12,250,125 | -60.246 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 269,202,771 | 262,510,702 | 2.549 |
| Gross Profit (Loss) | 35,533,131 | 27,120,270 | 31.02 |
| Operational Profit (Loss) | 19,196,917 | 28,265,111 | -32.082 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 17,120,025 | 14,932,886 | 14.646 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 17,120,025 | 14,932,886 | 14.646 |
| Total Shareholders Equity (after Deducting Minority Equity) | 435,067,890 | 406,231,065 | 7.098 |
| Profit (Loss) per Share | 0.029 | 0.025 | |
| 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 | - | - | |
| Accumulated Losses | -20,244,642 | 3.4 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| 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 11% decrease in revenue during the current quarter compared to the corresponding quarter of the previous year was primarily attributable to a 48% decline in Smart Parking revenue, a 37% decline in Real Estate Investment revenue, a 23% decline in Cash-in-Transit (CIT) revenue, a 12% decline in ATM Cash Replenishment Services revenue, and an 11% decline in Facilities Management revenue. This was partially offset by a 16% increase in Security Guarding revenue and an 8% increase in Land Transportation revenue. |
| 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 293% increase in net profit during the current quarter compared to the corresponding quarter of the previous year was primarily attributable to: - General and administrative expenses decreased by 18% to SAR 7.8 million, compared to SAR 9.5 million in the corresponding quarter of the previous year. - Unrealized losses on fair value through profit or loss (FVTPL) investments decreased by 62% to SAR 1.3 million, compared to SAR 3.3 million in the corresponding quarter of the previous year. - Finance costs decreased by 34% to SAR 2.2 million, compared to SAR 3.4 million in the corresponding quarter of the previous year. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The slight 3% decrease in revenue during the current quarter compared to the previous quarter was primarily attributable to a 25% decline in Smart Parking revenue, a 12% decline in Cash-in-Transit (CIT) revenue, an 11% decline in Real Estate Investment revenue. This was partially offset by a 9% increase in Land Transportation revenue. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The 60% decrease in net profit during the current quarter compared to the previous quarter was primarily attributable to: - Gross profit decreased by 13% to SAR 16.6 million, compared to SAR 18.9 million in the previous quarter mainly due to lower operating revenue. - The recorded unrealized losses on fair value through profit or loss (FVTPL) investments amounting to SAR 1.3 million during the current quarter, compared to unrealized gains of SAR 4.4 million in the previous quarter. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | The slight 3% increase in operating revenue during the current period compared to the corresponding period of the previous year was primarily attributable to a 36% increase in Security Guarding revenue and a 26% increase in Real Estate Investment revenue. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The 15% increase in net profit during the current period compared to the corresponding period of the previous year was primarily attributable to: - A 31% increase in gross profit to SAR 35.5 million, compared to SAR 27.1 million in the corresponding period of the previous year, mainly driven by higher operating revenue and a lower operating cost of revenue ratio. - A 16% decrease in general and administrative expenses to SAR 15.9 million, compared to SAR 18.9 million in the corresponding period of the previous year. - The recognition of unrealized gains on fair value through profit or loss (FVTPL) investments amounting to SAR 3.1 million during the current period, compared to unrealized losses of SAR 1.3 million in the corresponding period of the previous year. - A 50% decrease in finance costs to SAR 5.2 million, compared to SAR 10.5 million in the corresponding period of the previous year. This was achieved despite the corresponding period of the previous year including non-recurring net gains of SAR 20 million resulting from the cancellation of contracts. |
| 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) | Emphasis of Matter We draw attention to Note 19.1 to the condensed consolidated interim financial statements, which explains that one of the Group's subsidiaries has received payment notices and invoices resulting from the termination of contracts with several municipalities. The subsidiary has formally objected to these payment notices and invoices and has filed legal cases with the court. As disclosed in the note, these cases are currently subject to judicial proceedings, and no final court judgment has been issued to date. Our conclusion is not modified in respect of this matter. |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified to improve the presentation. However, the effect of these reclassifications was not material. |
| Additional Information | -The comparative figures for the corresponding period and quarter of the previous year have been restated following changes in the accounting treatment of certain government fees and adjustments to the revenue of one of the Group's subsidiaries relating to prior years. Accordingly, the Group has recognized the effect of these adjustments retrospectively in its financial statements. -The Company would like to draw the attention of its valued shareholders to the attached Financial Performance Report for the second quarter and the first half of 2026. |
| 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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