| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | Compared to Q1 2024, the decrease in quarterly revenue primarily resulted from the suspension of several rigs, which occurred in 2024. Nevertheless, this downturn was mitigated by the successful deployment and operation of 11 out of the 13 newly acquired unconventional land rigs. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Relative to Q1 2024, the reduction in quarterly net income can be traced back to rig suspensions, which occurred in 2024. This impact, however, was compensated by a non-recurring income arising from the sale of a land parcel and insurance recoveries. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | In comparison to Q4 2024, the increase in quarterly revenue is attributed to the full operational integration of the fleet of 13 unconventional land rigs and a higher than average increase in rig move activities. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Compared to Q4 2024, the increase in net income is primarily due to the corresponding increase in quarterly revenue. |
| 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 | Not Applicable |
| Additional Information | 1. Profit (loss) per share for mentioned periods is based on 89,000,000 shares 2. A minor typo was detected in Note 1 of the Arabic version of the Auditors' Report for the annual consolidated financial statements for the years 2023 and 2024, and the condensed consolidated interim financial statements for the periods ended September 30, 2023, March 31, 2024, June 30, 2024, and September 30, 2024. Specifically, the company was described as a “closed” joint stock company instead of “joint stock company” in one instance. This has no impact on the financial status or the accuracy of the figures reported in the company’s financial statements. Additionally, this had no effect on the Auditors’ opinion. This typo, confined to the noted section, has been corrected in the condensed consolidated interim financial statements for the period ending March 31, 2025. " |
| Attached Documents |  |
IssuerAnnouncementDetailsV2Portlet
