06 Nov

Fitaihi Announces its Consolidated Interim Financial Results for the Period Ending on 30-09-2025 (Nine Months)

By Uncategorized

4180

FITAIHI GROUP

0.96 %

1447/05/15     06/11/2025 15:40:53

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue11,235,78712,790,333-12.15419,561,411-42.561
Gross Profit (Loss)3,634,7997,733,708-5314,175,620-74.358
Operational Profit (Loss)-3,016,1421,778,885–7,911,657–
Net profit (Loss)-1,866,030905,535–7,233,970–
Total Comprehensive Income-9,485,1241,045,397–18,658,153–
All figures are in (Actual) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue44,485,10148,531,782-8.338
Gross Profit (Loss)24,058,77332,086,279-25.018
Operational Profit (Loss)4,786,99113,723,763-65.118
Net profit (Loss)4,387,57710,974,238-60.019
Total Comprehensive Income-1,914,803-6,159,179-68.911
Total Shareholders Equity (after Deducting Minority Equity)474,396,242470,490,7350.83
Profit (Loss) per Share0.020.04
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––
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 decrease in revenues during the current quarter compared to the same quarter of the previous year is mainly attributable to the following reasons:
1- The Company recorded a loss of 1 million SAR from its share of the results of an associate during Q3-2025, compared to a profit of 4.5 million SAR in Q3-2024.
This is despite:
1- A 48.2% increase in sales, which amounted to 12.3 million SAR during Q3-2025, compared to 8.3 million SAR in Q3-2024.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year isThe loss recorded during the current quarter of 2025, compared to the net profit achieved in the same quarter of 2024, is primarily attributable to the following:
1- The Company recorded a loss of 1 million SAR from its share of the results of an associate during Q3-2025, compared to a profit of 4.5 million SAR in Q3-2024.
2- An 11.7% increase in selling, distribution, administrative, general expenses, which amounted to 6.7 million SAR during Q3-2025, compared to 6 million SAR in Q3-2024.
3- An increase of 5.9% in Zakat expense, which amounted to 0.9 million SAR during Q3-2025, compared to 0.85 million SAR in Q3-2024.
This is despite:
1- An increase of 48.2% in sales, reaching 12.3 million SAR during Q3-2025, compared to 8.3 million SAR in Q3-2024.
2- Achieving other miscellaneous revenues amounting to 2 million SAR during Q3-2025.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one isThe decrease in revenues during the current quarter compared to the previous quarter is primarily attributable to the following:
1- No dividend distribursements were received from equity instruments at fair value through other comprehensive income during Q3-2025, compared to 8.5 million SAR received in Q2-2025.
2- The Company recorded a loss of 1 million SAR from its share of the results of an associate during Q3-2025, compared to a profit of 2.3 million SAR in-Q2 2025.
This is despite:
1- A 41.4% increase in sales, which amounted to 12.3 million SAR in Q3-2025, compared to 8.7 million SAR in Q2-2025.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one isThe loss in net profit during the current quarter, compared to the net profit in the previous quarter, is primarily due to the following:
1- No dividend disbursements were received from equity instruments at fair value through other comprehensive income during Q3-2025, compared to 8.5 million SAR received in Q2-2025.
2- The Company recorded a loss of 1 million SAR from its share of the results of an associate during Q3-2025, compared to a profit of 2.3 million SAR in Q2-2025.
3- An increase of 6.3% in selling, distribution, administrative, general expenses, which amounted to 6.7 million SAR during Q3-2025, compared to 6.3 million SAR in Q2-2024.
4- An increase in Zakat expenses, which amounted to 0.9 million SAR in Q3-2025, compared to 0.6 million SAR in Q2-2025.
This is despite:
1- A 41.4% increase in sales, which reached 12.3 million SAR in Q3-2025, compared to 8.7 million SAR in Q2-2025.
2- Achieving other miscellaneous revenues amounting to 2 million SAR during Q3-2025.
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 during the current period compared to the same period of the previous year is primarily attributable to the following:
1- A decline in the Company’s share of the results of an associate during the current period of 2025, which amounted to 2 million SAR compared to 12.7 million SAR in the same period of 2024.
This is despite:
1- An increase in dividend disbursements received from equity instruments at fair value through other comprehensive income, which amounted to 10 million SAR in the current period of 2025, compared to 7.9 million SAR in the same period of 2024.
2- A 16.1% increase in sales, which reached 32.4 million SAR in the current period of 2025, compared to 27.9 million SAR in the same period of 2024.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year isThe decrease in net profit during the current period compared to the same period of the previous year is primarily attributable to the following:
1- A decline in the Company’s share of the results of an associate during the current period of 2025, which amounted to 2 million SAR compared to 12.7 million SAR in the same period of 2024.
2- An increase of 4.9% in selling, distribution, administrative, general expenses, amounting to 19.3 million SAR during the current period of 2025, compared to 18.4 million SAR in the same period of 2024.
This is despite:
1- An increase in dividend disbursements received from equity instruments at fair value through other comprehensive income, which amounted to 10 million SAR during the current period of 2025, compared to 7.9 million SAR in the same period of 2024.
2- A 16.1% increase in sales, reaching 32.4 million SAR during the current period of 2025, compared to 27.9 million SAR in the same period of 2024.
3- An 11.5% decrease in Zakat expense, amounting to 2.3 million SAR during the current period of 2025, compared to 2.6 million SAR in the same period of 2024.
4- Achieving other miscellaneous revenues amounting to 1.9 million SAR during the current period of 2025.
Statement of the type of external auditor’s reportOther Matter
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)Other Matter:
The condensed interim consolidated financial statements of Fitaihi Holding Group for the nine months ended September 30, 2024, were reviewed by another auditor, who expressed an “Unmodified Conclusion” on the condensed interim consolidated financial statements onJumada Al-Awwal 10, 1446H (corresponding to November 12, 2024). Moreover, the consolidated financial statements of the Company for the year ended December 31, 2024, were audited by another auditor, who expressed an “Unmodified opinion” on the financial statements on Shawwal 2, 1446H (corresponding to March 31, 2025).
Reclassification of Comparison ItemsN/A
Additional Information–

Author