Fitaihi Group Announces its Consolidated Interim Financial Results for the Period Ending on 30-06-2026 (Six Months)

4180

FITAIHI GROUP

-2.39 %

1448/02/22     05/08/2026 15:49:22

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue20,896,26719,561,4116.82311,636,01279.582
Gross Profit (Loss)14,704,72514,175,6203.7323,588,075309.822
Operational Profit (Loss)7,840,8787,911,657-0.894-3,403,290
Net Profit (Loss) Attributable to Shareholders of the Issuer7,381,2637,233,9702.036-4,357,465
Total Comprehensive Income Attributable to Shareholders of the Issuer18,805,44618,658,1530.789-27,810,564
All figures are in (Actual) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue32,532,27933,249,314-2.156
Gross Profit (Loss)18,292,80020,423,974-10.434
Operational Profit (Loss)4,437,5887,803,133-43.13
Net Profit (Loss) Attributable to Shareholders of the Issuer3,023,7986,253,607-51.647
Total Comprehensive Income Attributable to Shareholders of the Issuer-9,005,1187,570,321
Total Shareholders Equity (after Deducting Minority Equity)468,172,760483,988,822-3.267
Profit (Loss) per Share0.010.02
All figures are in (Actual) Saudi Arabia, Riyals
Element ListAmountPercentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value
Accumulated Losses
All figures are in (Actual) Saudi Arabia, Riyals
Element ListExplanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year isThe increase in revenues during the current quarter compared to the same quarter of the previous year is mainly attributable to the following reasons:

1- Sales increased by 19.5%, reaching SAR 10.4 million in Q2-2026 compared to SAR 8.7 million in Q2-2025.

2- A 26.1% increase in the Company’s share of results from an associate, which amounted to SAR 2.9 million in
Q2-2026 compared to SAR 2.3 million in Q2-2025.


Despite the following:


1- A 9.4% decrease in dividends from equity instruments at fair value through comprehensive income, amounting to SAR 7.7 million in Q2-2026 compared to SAR 8.5 million in Q2-2025.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year isThe increase in net profit during the current quarter compared to the net profit of the same quarter in 2025 is mainly due to the following:

1- Sales increased by 19.5%, reaching SAR 10.4 million in Q2-2026 compared to SAR 8.7 million in Q2-2025.

2- A 26.1% increase in the Company’s share of results from an associate, which amounted to SAR 2.9 million in
Q2-2026 compared to SAR 2.3 million in Q2-2025.

3- A 16.7% decrease in Zakat expense, which amounted to SAR 0.5 million in Q2-2026 compared to SAR 0.6 million in Q2-2025.


Despite the following:


1- A 9.4% decrease in dividends from equity instruments at fair value through comprehensive income, amounting to SAR 7.7 million in Q2-2026 compared to SAR 8.5 million in Q2-2025.

2- A 7.9% increase in selling, distribution, general, administrative, and other expenses, which reached SAR 6.8 million in Q2-2026 compared to SAR 6.3 million in Q2-2025.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one isThe increase in revenues in
the current quarter compared to the previous quarter is mainly attributable to the following:
1- Receive dividends from equity instruments at fair value through comprehensive income amounting to SAR 7.7 million in Q2-2026, compared to SAR 0.8 million in Q1-2026.

2- A profit of SAR 2.8 million was realized from the Company’s share of results of an associate
in
Q2-2026, compared to a loss of SAR 2.2 million in Q1-2026.


Despite the following:


1- A 20% decline in sales, which amounted to SAR 10.4 million in Q2-2026 compared to SAR 13 million in Q1-2026.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one isThe reason for realizing a profit in the current quarter compared to a loss in the previous quarter is mainly due to the following:

1- Receive dividends from equity instruments at fair value through comprehensive income amounting to SAR 7.7 million in Q2-2026, compared to SAR 0.8 million in Q1-2026.

2- A profit of SAR 2.8 million was realized from the Company’s share of results of an associate in Q2-2026, compared to a loss of SAR 2.2 million in Q1-2026.

3- A 6.8% decrease in selling, distribution, general, administrative, and other expenses, which reached SAR 6.8 million in Q2-2026 compared to SAR 7.3 million in Q1-2026.

4- A 44.4% decrease in Zakat expense, amounting to SAR 0.5
million in Q2-2026 compared to SAR 0.9 million in Q1-2026.


Despite the following:


1- A 20% decline in sales, which amounted to
SAR
10.4 million in Q2-2026 compared to SAR 13 million in Q1-2026.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year isThe decrease in revenues in the current period compared to the same period of the previous year is mainly attributable to the following:
1- A decrease in the Company’s share of results of an associate in H1-2026, amounting to SAR 0.6 million compared to SAR 3 million in H1-2025.

2- A decrease in dividends from equity instruments at fair value through comprehensive income in H1-2026, amounting to SAR 8.5 million compared to SAR 10 million in H1-2025.

Despite the following:


2- A
15.8%
increase in sales, which reached SAR 23.4 million in H1-2026 compared to SAR 20.2 million in H1-2025.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year isThe decline in net profit during the current period compared to the same period of the previous year is primarily due to the following:
1- A decrease in the Company’s share of results of an associate in H1-2026, amounting to SAR 0.6 million compared to SAR 3 million in H1-2025.

2- A decrease in dividends from equity instruments at fair value through comprehensive income during H1-2026, amounting to SAR 8.5 million compared to SAR 10 million in H1-2025.

3- A 7.8% increase in selling, distribution, general, administrative, and other expenses, which reached SAR 13.8 million in H1-2026 compared to SAR 12.8 million in H1-2025.

Despite the following:


1- A 15.8% increase in sales, which amounted to SAR 23.4 million in H1-2026 compared to SAR 20.2 million in H1-2025.
Statement of the type of external auditor’s reportUnmodified conclusion
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)N/A
Reclassification of Comparison ItemsN/A
Additional Information