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Al Gassim Investment Holding Co. announces its Interim Financial results for the Period Ending on 2026-03-31 ( Three Months )

6020
GACO
-1.40 %
1447/11/24     11/05/2026 09:08:49

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 1,852,9212,318,401-20.0772,318,401-20.077
Gross Profit (Loss) 1,666,0851,895,313-12.0942,100,979-20.699
Operational Profit (Loss) 194,006-4,079,809--484,484-
Net Profit (Loss) Attributable to Shareholders of the Issuer 317,264-3,484,975-5,050,352-93.717
Total Comprehensive Income Attributable to Shareholders of the Issuer 317,264-3,484,975-4,847,014-93.454
All figures are in (Actual) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Total Shareholders Equity (after Deducting Minority Equity) 310,944,759303,173,9262.563
Profit (Loss) per Share 0.011-0.116
All figures are in (Actual) Saudi Arabia, Riyals


Element ListAmountPercentage 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 ListExplanation
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 reason for the decrease in revenues during the current quarter is due to the decrease in financing income from lease contracts due to their nature ,as well as a decline in rental value.
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 reason for recording a net profit during the current quarter, compared to a loss in the same quarter of the previous year, is due to the recognition of losses from the disposal of assets held for sale and the formation of an allowance for expected credit losses during the corresponding quarter of the previous year, which are not present in the current quarter. Additionally, there has been a decrease in general and administrative expenses and a decline in the cost of revenues during the current quarter, despite a decrease in operating revenues and other income, as well as an increase in zakat expense during the current quarter compared to 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 reason for the decrease in revenue during the current period compared to the same period of the previous year is due to a decline in finance income from lease contracts by their nature as well as a decline in rental value.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The reason for the decrease in profit during the current quarter compared to the previous quarter is due to: recording a reversal of zakat expense, a reversal of a decrease in the value of investment properties, and gains from the revaluation of financial assets at fair value during the previous quarter that are not present in the current quarter. The profit for the current quarter was also affected by a decrease in the value of revenues and other revenues compared to the previous quarter, despite the decrease in both the cost of revenues and general and administrative expenses and the absence of the creation of a provision for credit losses during the current quarter.
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 Some comparative figures have been reclassified to conform with the presentation of the interim condensed financial statements for the current period.
Additional Information N/A

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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