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

DRC 9621 -3.17% 48.90 -1.60
Element List Current Year Previous Year %Change
Sales/Revenue 63,054,027 54,291,812 16.14
Gross Profit (Loss) 21,072,128 19,823,881 6.3
Operational Profit (Loss) 7,934,452 11,943,739 -33.57
Net profit (Loss) 5,929,471 10,532,300 -43.7
Total Comprehensive Income 5,644,272 10,672,126 -47.11
Total Shareholders Equity (after Deducting Minority Equity) 37,341,301 21,324,064 75.11
Profit (Loss) per Share 4.2 7.02
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 Revenue increased by 16.1% to reach SR 63.1 million compared to the previous year, primarily as a result of securing new projects.
The reason of the increase (decrease) in the net profit during the current year compared to the last year is Digital Research Company (DRC) achieved a net profit of SR 5.93 million for the year, decreased by SR 4.60 million (43.7%) as compared to the previous year. The decrease was mainly due to the following:

- Increase in the cost of revenue by SR 7.51 million.

- Decrease in operational profit by SR 4.01 million (33.57%) due to increase in general and administrative expenses by SR 4.34 million and increase in the selling and marketing expenses by SR 0.92 million.

- Increase in Zakat expenses by SR 0.39 million.

- Increase in finance cost by SR 0.22 million.

Despite the above, there was an increase in gross profit by SR 1.25 million equivalent to 6.30%.

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) None
Reclassification of Comparison Items Certain comparative figures have been reclassified to conform with the current year’s presentation. For more information refer to note (36) to the audited financial statements FY 2024.
Additional Information -

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