Saudi Cable Co. — Interim / Quarterly Report 2026

May 11, 2026

Saudi Cable Co. announces its Interim Financial results for the Period Ending on 2026-03-31 ( Three Months )

2110 · 11/05/2026 15:55:04 · Announcement #95252 · View on Saudi Exchange

Saudi Cable Co. announces its Interim Financial results for the Period Ending on 2026-03-31 ( Three Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	22,274	44,106	-49.498	42,681	-47.812
Gross Profit (Loss)	-8,248	-4,249	94.116	-49,116	-83.207
Operational Profit (Loss)	-29,059	-13,840	109.963	-24,040	20.877
Net Profit (Loss) Attributable to Shareholders of the Issuer	23,614	46,658	-49.389	101,299	-76.688
Total Comprehensive Income Attributable to Shareholders of the Issuer	41,804	40,707	2.694	100,694	-58.484
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Shareholders Equity (after Deducting Minority Equity)	-172,547	-378,734	-54.441
Profit (Loss) per Share	3.54	6.99
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	-251,218	-376
All figures are in (Thousands) 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 decline in revenue is primarily attributable to a combination of operational and liquidity constraints.

The decrease is driven by reduced customer advance payments, which constrained working capital and also to supply chain disruptions linked to geopolitical conditionsThe reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is A decline in sales/revenue led to lower profitability.

Higher administrative and marketing expenses resulting from administrative restructuring in preparation for the operational phase following the capital increase, along with higher Zakat expenses, also contributed to the decrease in net profit.

The company's share of the profits of an associate company, Midal, amounted to 55 million, which has an decrease of 10% of same quarter oflast year's profits.

The company has recorded net profit from continuing operations amounting to SAR 25,942 million resulting from its share of profit from an associate. Also, the company incurred losses mainly from discontinued activities amounting to SAR (2,328) million. Both resulted to a net profit to SAR 23,614 million.The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The decline in revenue is primarily attributable to a combination of operational and liquidity constraints.

The decrease is driven by reduced customer advance payments, which constrained working capital and also to supply chain disruptions linked to geopolitical conditionsThe reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is A decline in sales/revenue led to lower profitability.

Higher cost due to geopolitical

Higher administrative, selling, and Zakat Expense contributed to reduced the net profit.

The company's share of the profits of an associate company, Midal, amounted to 55 million, which has an decrease of 6% of previous quarter profits.

The company has recorded net profit from continuing operations amounting to SAR 25,942 million resulting from its share of profit from an associate. Also, the company incurred losses mainly from discontinued activities amounting to SAR (2,328) million. Both resulted to a net profit to SAR 23,614 millionStatement of the type of external auditor's report Unmodified conclusionComment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) Material Uncertainty Related to Going Concern

We draw attention to note 1 of the condensed consolidated financial statements which indicates that for the period ended March 31, 2026, the Group incurred a net profit of SAR 23,6 million (March 31,2025: net profit of SAR 46,6 million), and the Group’s accumulated losses have reached SAR 251 million (December 31, 2025: SAR 274,8 million), representing 376% (December 31, 2025: 412%) of the Group’s share capital. Further, the Group current liabilities exceeded its current assets by SAR 636 million as at March 31, 2026 (December 31, 2025: SAR 670 million). These conditions, along with other matters, cast significant doubt about the Group’s ability to continue as a going concern and its ability to meet its obligations when it becomes due.

In this regard, management has prepared forecasts for 2026 that indicate net profit and positive cash flows. The plan includes certain assumptions related to cash injections through the issuance of rights issue

instruments, as well as revenue growth based on future orders and tenders, these elements represent future events and therefore involve material uncertainty regarding their outcome. Our opinion has not been modified in respect of this matterReclassification of Comparison Items Certain prior period figures have been reclassified to confirm to current period presentation, which are not material in nature.Additional Information -

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