Sadr Logistics Co. — Earnings Release 2024

Mar 23, 2025

Sadr Logistics Co. announces its Annual Financial results for the period ending on 2024-12-31

1832 · 23/03/2025 08:00:26 · Announcement #85919 · View on Saudi Exchange

Sadr Logistics Co. announces its Annual Financial results for the period ending on 2024-12-31

Element List	Current Year	Previous Year	%Change
Sales/Revenue	111,863	104,037	7.52
Gross Profit (Loss)	24,113	18,016	33.84
Operational Profit (Loss)	104	-2,624	-
Net profit (Loss)	-3,753	-4,245	-11.59
Total Comprehensive Income	-4,219	-4,501	-6.26
Total Shareholders Equity (after Deducting Minority Equity)	167,511	171,730	-2.46
Profit (Loss) per Share	-0.02	-0.02
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	-	-
Accumulated Losses	-8,543	4.88
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 reason for the 7.5% increase in revenues this year compared to the previous year is attributed to a 40.49% rise in logistics sector revenues, a 22.56% increase in sales in other sectors, and a slight increase in wood sector sales, despite a minor decrease of 3.04% in iron sector sales.
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	The results have improved this year compared to the previous year, with the company achieving a profit of SAR 3.276 million during the fourth quarter of this year. The net loss for this year decreased by 11.59% compared to the previous year overall, due to the following factors:

An increase in revenues by 7.5% and an increase in the cost of revenues by 1.98%, which is lower than the revenue growth rate, leading to a 33.84% increase in gross profit.

A decrease in the zakat provision.

Despite the increase in selling, marketing, administrative, general, and financing expenses, as well as a decline in investment profits and other revenues. 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) Nothing Reclassification of Comparison Items Certain comparative figures have been re-presented and classified to conform to the presentation for the current period. Additional Information The basic and diluted earnings per share for the current and previous year were calculated by dividing the net profit or loss for each year, after zakat, attributable to the company's shareholders by the weighted average number of ordinary shares outstanding at the end of each year. The weighted average number of shares for both the current and previous year amounted to 175,000,000 shares.

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.