National Gas and Industrialization 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 | 837.6 | 706.8 | 18.505 | 798.4 | 4.909 |
| Gross Profit (Loss) | 115.3 | 99.5 | 15.879 | 96.9 | 18.988 |
| Operational Profit (Loss) | 54.7 | 53.7 | 1.862 | 31.4 | 74.203 |
| Net profit (Loss) | 61.9 | 78.6 | -21.246 | 60.1 | 2.995 |
| Total Comprehensive Income | 36.8 | 92 | -60 | 38.1 | -3.412 |
| 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) | 1,943 | 1,937.7 | 0.273 |
| Profit (Loss) per Share | 0.83 | 1.05 | |
| 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 | The increase in revenues by SR 131 million is mainly due to the followings:
- Increase in gas sales by SR 120 million due to the increase in gas prices and volume. - Increase in sales of empty cylinders by SR 9 million. - Increase in revenues from commercial projects by SR 3 million. Despite the: - Decrease in revenues from other services (transportations and others) by SR 1 million |
| 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 decrease in net profit by SR 16.7 million is mainly due to the followings:
-Increase in operating expenses by SR 15 million. -Decrease in investment and finance income by SR 17.8 million. -Decrease in other income by SR 2 million. - Increase in finance costs by SR 0.7 million. -Increase in zakat expense by SR 0.6 million.
Despite the: - Increase in gross profit by SR 15.8 million as a result of increase in revenues. - Increase in share of results of associates by SR 3.6 million. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The increase in revenues by SR 39 million is mainly due to the followings:
- Increase in gas sales by SR 37 million due to the increase in volume of gas sales. - Increase in sales of empty cylinders by SR 8 million. Despite the: - Decrease in revenues from commercial projects by SR 6 million.. |
| 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 by SR 1.8 million is mainly due to the followings:
- Increase in gross profit by SR 18.3 million as a result of increase in revenues. - Decrease in operating expenses by SR 4.9 million. - Decrease in finance costs by SR 0.3 million.
Despite the: - Increase in zakat expense by SR 8 million. - Decrease in share of results of associates by SR 1 million. - Decrease in investment and finance income by SR 8.4 million. - Decrease in other income by SR 4.3 million. |
| 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 | None |
| Additional Information | We draw attention to Note (4) attached to the consolidated interim financial statements, which indicate that the Group has reviewed the estimated useful lives of certain assets, which resulted in change in the depreciation of these items. |
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