Total Shareholders Equity (after Deducting Minority Equity)
213,642
109,738
94.68
Profit (Loss) per Share
13.2
10.31
All figures are in (Thousands) 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 (Thousands) Saudi Arabia, Riyals
Element List
Explanation
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year
The Company’s revenues increased during the current year by 16.1% compared to the previous year. This increase is mainly attributable to organic growth of 12.8%, driven by improved like-for-like sales performance, expansion in product categories, and continued enhancement of customer experience across retail and digital channels. In addition, the increase in revenues was supported by an 8.4% growth in customer numbers and a 7% increase in average transaction value, reflecting an improved product mix and sustained consumer demand.
The reason of the increase (decrease) in the net profit during the current year compared to the last year is
The Company’s net profit increased during the current year by 28.0% compared to the previous year. This increase was primarily driven by higher revenues and an improvement in gross profit margin to approximately 70%, compared to the prior year. The margin improvement was supported by effective pricing strategies, strong supplier relationships, and improved inventory management. Although operating expenses increased due to investments in new and renovated stores, headcount expansion, and the internalisation of certain support functions, these increases were offset by operating leverage and improved operational performance, resulting in higher net profit for the year.
Statement of the type of external auditor's report
Unmodified opinion
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
-
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