Group Five Pipe Saudi Co. announces its Annual Financial results for the period ending on 2024-12-31

12 March 2025 08:14 AM

GROUP FIVE 9523 -3.77% 41.38 -1.62

Element List	Current Year	Previous Year	%Change
Sales/Revenue	976,564,477	455,308,255	114.48
Gross Profit (Loss)	107,200,537	57,404,997	86.74
Operational Profit (Loss)	87,370,863	40,932,726	113.45
Net profit (Loss)	38,520,607	9,373,882	310.94
Total Comprehensive Income	37,590,866	10,800,747	248.04
Total Shareholders Equity (after Deducting Minority Equity)	361,665,501	324,074,635	11.6
Profit (Loss) per Share	1.38	0.33
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 year compared to the last year	The company achieved revenues of SAR 976 million for the fiscal year 2024, compared to revenues of SAR 455 million for the fiscal year 2023. This increase is attributed to the growth in sales volume and the rise in average selling prices per ton
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	The company recorded a net profit of SAR 38 million for the fiscal year 2024, compared to a net profit of SAR 9 million for the fiscal year 2023. This increase is attributed to the rise in average selling prices and a reduction in production costs."
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)	N/A
Reclassification of Comparison Items	N/A
Additional Information	-

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