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Ladun Investment Co. announces its Interim Financial results for the period ending on 2025-06-30 ( Six Months )
| Element List | Current Period | Similar period for previous year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 639,412,544 | 646,762,455 | -1.136 | ||
| Net profit (Loss) | 21,321,066 | 32,429,110 | -34.253 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 653,701,363 | 607,712,799 | 7.567 | ||
| Profit (Loss) per Share | 0.04 | 0.06 | |||
| 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 | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Regarding the reason for the decrease in revenues by SAR 7,349,911, representing a 1% decline, we would like to clarify the following points: 1. The Group achieved revenues during the current period that are close to those of the comparative period, despite the challenges faced during this period. 2. There was a decline in revenues from the real estate development segment during the current period due to the advanced stages of completion and near-finalization of several major projects within the Group. 3. On the other hand, there was a significant increase in revenues from the construction segment and the building materials manufacturing segment compared to the previous period. This is attributed to securing new projects with good profit margins and the increased value of completed work during the current period. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Clarifications Related to the Decline in Net Profit by SAR 11,108,044 (34%) 1. The Group maintained a stable gross profit margin compared to the same period last year (20% in H1 2025 vs. 21% in H1 2024). 2. General and administrative expenses decreased by SAR 16.4 million, representing a reduction of 19%. 3. The above factors led to an improvement in operating income, which increased by SAR 7,046,630, representing a 13% rise. 4. However, the Group was significantly impacted by a sharp increase in financing costs, which rose by SAR 18,806,712 or 81% compared to the same period last year. This increase is due to most financing costs now being directly recognized in the income statement, as the majority of capitalization-eligible projects have been completed, unlike in 2024 when a substantial portion of the financing costs were capitalized for projects still under development. |
| Statement of the type of external auditor's report | Notice |
| Reclassification of Comparison Items | Certain comparative figures for the prior period have been reclassified to conform with the current period’s presentation. |
| Additional Information | We draw attention to Note (25) of the condensed consolidated financial statements, which indicates that current liabilities exceed current assets by SAR 446,422,937. The Group’s management has prepared a plan for the upcoming twelve months and believes that the Group has sufficient resources to continue operating in the foreseeable future. Our conclusion is not modified in respect of this matter. |
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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