Sustained Infrastructure Holding Co. announces its Interim Financial results for the Period Ending on 2025-03-31 ( Three Months )

11 May 2025 07:25 AM

SISCO HOLDING 2190 0.82% 34.28 0.28

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	328.8	257.6	27.639	352.6	-6.749
Gross Profit (Loss)	182.1	132.9	37.02	171.8	5.995
Operational Profit (Loss)	129.8	79.6	63.065	84.8	53.066
Net profit (Loss)	24.7	-21.1	-	19.3	27.979
Total Comprehensive Income	16.7	-13.9	-	1.5	1,013.333
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Shareholders Equity (after Deducting Minority Equity)	1,494	1,495	-0.066
Profit (Loss) per Share	0.3	-0.26
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
Accumulated Losses	-	-
All figures are in (Millions) 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	Q1FY25 group revenue, excluding accounting construction revenue, rose to SAR 328.8 million, up 27.6% from SAR 257.6 million in the same period last year, driven by a strong performance across all segments.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	Reported Q1FY25 Net profit was SAR 24.7 million, up 216.5% YoY. This increase in the current quarter compared to the same quarter last year is driven by strong performance in the ports segment, improved margins and cost control.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	Revenue in Q1FY25 decreased by 6.8% compared to the previous quarter (Q4FY24).
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The increase in net profit for Q1FY25 by 28.0% compared to Q4FY24 is due to an improvement in gross margins and a decrease in operating costs.
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)	None
Reclassification of Comparison Items	Financial statements for the current period have been prepared according to the International Financial Reporting Standards (IFRS) that are endorsed in the Kingdom of Saudi Arabia and based on that the presentation, measurement, recognition, and disclosure for some of the financial data has been changed to comply with IFRS accounting policies as adopted in the Kingdom.
Additional Information	In accordance with IFRIC 12 (IFRS Interpretations Committee), the reported revenue includes accounting construction revenue of SAR 22.7 million. There is no impact on gross profit or net profit as there is a corresponding accounting construction cost of SAR 22.7 million recognized in the cost of revenue.
Attached Documents