AYYAN Investment Co. announces its Interim Financial results for the Period Ending on 2025-03-31 ( Three Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 2,524,862 | 5,166,657 | -51.131 | 3,162,144 | -20.153 |
| Gross Profit (Loss) | 304,873 | 789,549 | -61.386 | 882,777 | -65.464 |
| Operational Profit (Loss) | -6,130,511 | -1,461,909 | 319.349 | -7,557,721 | -18.884 |
| Net profit (Loss) | 366,480,707 | -55,918,043 | - | -25,649,077 | - |
| Total Comprehensive Income | 366,480,707 | -55,918,043 | - | 52,970,133 | 591.862 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 974,233,137 | 442,675,775 | 120.078 |
| Profit (Loss) per Share | 3.65 | -0.69 | |
| 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 | - | - | |
| Accumulated Losses | 163,672,468 | 16.2 | |
| All figures are in (Actual) 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 reason for the decrease in revenue is due to the decrease in the quantity of sales.. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The company achieved profits during the current quarter compared to losses during the same quarter of the previous year, due to the following:
1. Achieve profits from the material transaction, which involved the sale of all the company's shares in both Al-Ahsa Medical Services Company and Al-Salam Medical Services Company. The transaction profits amounted to SAR 418,061,803. 2. A decrease in the cost of revenue. 3. Achieve profits from investments at fair value through profit or loss. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The reason for the decrease in revenue is due to the decrease in the quantity of sales.. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The company achieved profits during the current quarter, compared to losses during the previous quarter, due to the following:
1. Achieve profits from the material transaction, which involved the sale of all the company's shares in both Al-Ahsa Medical Services Company and Al-Salam Medical Services Company. The transaction profits amounted to SAR 418,061,803. 2. An increase in the company's share of profits from an associate company. 3. Achieve profits from investments at fair value through profit or loss. |
| Statement of the type of external auditor's report | Unmodified 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) | . |
| Reclassification of Comparison Items | Comparative figures have been reclassified to conform to the current presentation. |
| Additional Information | 1- Concurrently with the announcement of the financial statements for the period ending March 31, 2025, accumulated losses decreased from 40.84% of the company's capital as of December 31, 2024, to 16.26% of the company's capital as of March 31, 2025. Accumulated losses amounted to SAR 163,672,468. This is due to the achieved profits from the core transaction, which involved the sale of all the company's shares in both Al-Ahsa Medical Services Company and Al-Salam Medical Services Company.
2- During the period, all material transaction procedures were completed, consisting of the sale of all shares owned in both Al-Ahsa Medical Services Company and Al-Salam Medical Services Company. The net assets disposed of amounted to SAR 12,184,646. A provision was also made according to the credit loss model in the amount of SAR 30,974,690. Therefore, the gain on this transaction was recognized in the amount of SAR 418,061,803. 3- Earnings (loss) per share from the (profit) losses of the quarter were calculated by dividing the net profit (loss) for the quarter (after excluding the share of minority interests) by the weighted average number of shares outstanding during the period, as follows:
Earnings per share for the current period: 367,362,461 / 100,636,328 = 3.65
Loss per share for the same period of the previous year: (55,653,145) / 80,636,328 = (0.69) |
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