Al Moammar Information Systems Co. — Earnings Release 2024

Mar 30, 2025

Al Moammar Information Systems Co.(MIS) announces its Annual Financial results for the period ending on 2024-12-31

7200 · 30/03/2025 15:17:30 · Announcement #86236 · View on Saudi Exchange

Al Moammar Information Systems Co.(MIS) announces its Annual Financial results for the period ending on 2024-12-31

Element List	Current Year	Previous Year	%Change
Sales/Revenue	1,213	1,460	-16.92
Gross Profit (Loss)	258	246	4.88
Operational Profit (Loss)	121	62	95.16
Net profit (Loss)	124	14	785.71
Total Comprehensive Income	126	14	800
Total Shareholders Equity (after Deducting Minority Equity)	423	287	47.39
Profit (Loss) per Share	4.15	0.47
All figures are in (Millions) 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 (Millions) 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 posted a sales revenue of SAR. 1,213M in the current year in comparison to SAR. 1,460M for the previous year.

This decrease is primarily due to the drop in some of company's operations as well as the combination of the company playing role as principal and agent. The reason of the increase (decrease) in the net profit during the current year compared to the last year is The company posted a gross profit of SAR 258M in the current year versus SAR 246M for the previous year due to the enhancement in gross profit margin from 16% to 21%.

The company registered an operational profit of SAR 121M for the current year versus SAR 62M in the previous

year.

The increase is mainly due to non-booking of any additional ECL provision during the current year versus SAR. 87M that was booked last year. In addition to enhancement of gross profit margin during the current year.

The net profit for the current year is SAR 124M versus SAR 14M in the previous year. This increase is driven by increase in operational profit as well as the one-time adjustment of SAR 58M from the disposal of 10% of the Company’s shares in the associate company Edarat Telecommunication and IT, in addition to the gain from the valuation of data centres units by fair value amounting to SAR. 25M. Despite the SAR. 29M booked losses from the subsidiaries.

The total comprehensive income for the current year is SAR.126M in comparison to SAR. 14M in the previous 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) - Reclassification of Comparison Items - Additional Information It is important to note that the total shareholders' equity has increased. During the current period, the total shareholders' equity amounting SAR 423M, compared to SAR 287M in the similar period of the previous year.

Additionally, profit per share has increased during the current period showing a profit of SAR 4.15 per share,

compared to SAR 0.47 per share in the previous year.

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.