Ash-Sharqiyah Development Co. — Interim / Quarterly Report 2025

Nov 5, 2025

ASharqiyaha Development Company announces the preliminary financial results for the financial period ending on 30/09/2025 (Nine months)

6060 · 05/11/2025 15:45:17 · Announcement #91292 · View on Saudi Exchange

ASharqiyaha Development Company announces the preliminary financial results for the financial period ending on 30/09/2025 (Nine months)

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	76,600,293	39,043,997	96.189	59,972,342	27.726
Gross Profit (Loss)	5,902,892	3,316,869	77.965	5,981,114	-1.307
Operational Profit (Loss)	-1,486,226	-2,665,325	-44.238	-1,443,040	2.992
Net profit (Loss)	-497,500	6,001,118	-	317,953	-
Total Comprehensive Income	-497,500	6,001,118	-	317,953	-
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	181,434,281	51,525,843	252.122
Gross Profit (Loss)	12,419,663	3,960,701	213.572
Operational Profit (Loss)	-9,540,021	-6,723,469	41.891
Net profit (Loss)	-5,828,366	8,784,102	-
Total Comprehensive Income	-5,828,366	8,784,102	-
Total Shareholders Equity (after Deducting Minority Equity)	352,469,101	374,639,704	-5.917
Profit (Loss) per Share	-0.19	0.29
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 quarter compared to the same quarter of the last year is	The increase in revenues during the current quarter compared to the same quarter of the previous year is due to increased sales by the subsidiary, Sadu Al Arab, to further support procurement financing.
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 achieving a net loss during the current quarter compared to achieving a net profit during the same quarter of the previous year is that the same quarter of the previous year included gains from the acquisition of a subsidiary exceeding 6 million riyals, in addition to calculating zakat for the current quarter, compared to the absence of a provision for the same quarter of the previous year, as a profit of 152,500 riyals was achieved for the current quarter before zakat
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The increase in revenues for the current quarter compared to the previous quarter is due to an increase in sales from subsidiaries.
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 net loss in the current quarter, compared to a net profit in the previous quarter, is that while there was a profit of SAR 152,500 for the current quarter, the current quarter was charged with a zakat provision of SAR 650,000, compared to only SAR 250,000 for the previous quarter.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is	The reason for the increase in revenues during the current period compared to the same period of the previous year is that the business activity of Sadu Al Arab Company began on June 1, 2024, and the revenues of Al Waseet Company began in July 2024, while the current period included the revenues of the two companies for a full nine months
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The reason for the net loss during the current period, compared to a net profit during the same period of the previous year, is due to the absence of acquisition gains exceeding SAR 6 million for the current period. Additionally, returns on time deposits have decreased. The current period has been charged with a zakat provision of SAR 1.4 million, compared to only SAR 9.047 for the same period of the previous year.
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)	- Note 19 to the condensed consolidated interim financial statements, regarding the government grant of "agricultural land," states that on August 2, 2022, the company received a decision from the Ministry of Environment, Water and Agriculture dated June 30, 2022, stipulating that a title deed could not be issued in the company's name, but that the company could utilize the land until Saudi Aramco's actual needs were met. Management was unable to determine a productive lifespan for utilizing the agricultural land. Our conclusion regarding these matters is not modified.
Reclassification of Comparison Items	Not applicable
Additional Information	-

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