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AlSaif Stores for Development and Investment Co. announces its Interim Financial results for the Period Ending on 2026-06-30 ( Six Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 138,580,672 | 133,506,065 | 3.801 | 273,187,831 | -49.272 |
| Gross Profit (Loss) | 26,706,913 | 25,968,034 | 2.845 | 72,112,345 | -62.964 |
| Operational Profit (Loss) | 3,034,942 | 4,121,780 | -26.368 | 40,353,687 | -92.479 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 1,619,765 | 1,453,776 | 11.417 | 38,326,775 | -95.773 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 1,619,765 | 1,453,776 | 11.417 | 38,326,775 | -95.773 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 411,768,501 | 362,761,426 | 13.509 |
| Gross Profit (Loss) | 98,819,256 | 93,788,303 | 5.364 |
| Operational Profit (Loss) | 43,388,626 | 42,063,111 | 3.151 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 39,946,537 | 36,615,237 | 9.098 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 39,946,537 | 36,615,237 | 9.098 |
| Total Shareholders Equity (after Deducting Minority Equity) | 515,391,313 | 475,826,367 | 8.314 |
| Profit (Loss) per Share | 0.11 | 0.1 | |
| 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 | - | - | |
| 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 increase in sales was attributable to the following: Despite geopolitical challenges and a slowdown in consumer spending, the Company recorded 3.8% sales growth compared to the corresponding quarter of the previous year. This growth was primarily driven by: 1. Stronger sales across selected product categories, contributing to improved overall sales performance. 2. A 9.1% increase in e-commerce sales. 3. Enhanced effectiveness of promotional campaigns. |
| 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 increase in net profit was attributable to the following: 1. Sales increased by 3.8%. 2. Gross profit grew by 2.8%, supported by higher sales. 3. A notable increase was recorded in other income.. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The decline in sales is primarily attributed to. The decrease in sales was mainly driven by the exceptionally strong demand recorded during the Ramadan season in the preceding quarter. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The decline in net profit is primarily due to 1-Decline in sales |
| 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 increase in sales was attributable to the following: The Company achieved 13.5% year-on-year sales growth, driven by higher sales across several key product categories and enhancements to the customer shopping experience across both physical stores and the online platform, alongside 31.0% growth in e-commerce sales. |
| 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 increase in net profit was attributable to the following: Sales increased by 13.5%, while operating profit improved by 3.2%, driven by enhanced operational efficiency, higher other income, and improved efficiency of e-commerce operations. |
| 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) | N/A |
| Reclassification of Comparison Items | N/A |
| Additional Information | The Company has commenced an assessment of the expected impact of adopting IFRS 18 – Presentation and Disclosure in Financial Statements, which becomes mandatory for annual reporting periods beginning on 1 January 2027. The preliminary assessment indicates that the adoption of the standard is expected to improve the reported operating profit as a result of the reclassification of certain items within the statement of profit or loss. The Company does not expect the reclassification to have any impact on net profit or total equity and continues to finalize its assessment of the standard's overall impact. The Company also announced the upcoming opening of a new branch in Riyadh. The financial impact of the new branch is expected to be reflected in the results for the third quarter. |
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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