Ash-Sharqiyah Development Co. — Earnings Release 2025

Mar 30, 2026

Ash-Sharqiyah Development Co. announces its Annual Financial results for the period ending on 2025-12-31 (Twelve months)

6060 · 30/03/2026 20:00:25 · Announcement #93974 · View on Saudi Exchange

Ash-Sharqiyah Development Co. announces its Annual Financial results for the period ending on 2025-12-31 (Twelve months)

Element List	Current Year	Previous Year	%Change
Sales/Revenue	235,958,759	85,818,590	174.95
Gross Profit (Loss)	18,358,898	2,664,704	588.97
Operational Profit (Loss)	-11,685,450	-17,462,442	-33.08
Net Profit (Loss) Attributable to Shareholders of the Issuer	-8,293,137	-4,166,261	99.05
Total Comprehensive Income Attributable to Shareholders of the Issuer	-7,849,991	-7,558,135	3.86
Total Shareholders Equity (after Deducting Minority Equity)	350,447,476	358,297,467	-2.19
Profit (Loss) per Share	-0.28	-0.14
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 year compared to the last year	The reason for the increase in revenues during this year compared to the previous year is that the sales of the subsidiaries represent sales for 12 months compared to sales for 7 months for the previous year, as the pilot activity of the subsidiaries began in the middle of the previous year
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	The reason for the increase in net losses this year compared to the losses of the previous year is due to the increase in depreciation in the subsidiaries, the increase in selling and distribution expenses in line with the increase in sales, the increase in financing costs, as well as the decrease in returns on time deposits.
Statement of the type of external auditor's report	Notice
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)	Emphasis of Matter

We draw attention to Clarification No. (25) on the financial statements regarding the government grant “agricultural lands”, as on August 2, 2022 AD, the company received the decision of the Ministry of Environment, Water and Agriculture issued on June 30, 2022 AD, which included that an instrument cannot be issued in the name of the company, but It can benefit from the land until Saudi Aramco’s actual need is met. Accordingly, the company has reclassified the government grant as intangible assets (government grant) instead of classifying it as property, machinery and equipment because it obtains the right to benefit from agricultural land until the actual need for it is met. Before Saudi Aramco or in the event of release of the reservation on the land or part thereof. As of the date of the report, we have not received any developments on this matter. In addition, the administration was unable to determine the useful life of agricultural land.

Our opinion has not been modified with respect to the above matters. Reclassification of Comparison Items Some figures from the comparison year have been reclassified to conform to the presentation and classification of the current year's figures Additional Information -

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