Saudi Marketing Company ( Farm Superstores ) 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 | 469,654 | 476,865 | -1.512 | 469,134 | 0.11 |
| Gross Profit (Loss) | 154,656 | 140,619 | 9.982 | 152,002 | 1.746 |
| Operational Profit (Loss) | 37,781 | 24,244 | 55.836 | 27,656 | 36.61 |
| Net profit (Loss) | 5,720 | 6,850 | -16.496 | 4,965 | 15.206 |
| Total Comprehensive Income | 5,683 | 7,007 | -18.895 | 3,698 | 53.677 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 690,642 | 667,589 | 3.453 |
| Profit (Loss) per Share | 0.13 | 0.15 | |
| All figures are in (Thousands) 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 (Thousands) 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 | - Decrease in the revenues of the current quarter compared to the same quarter of the previous year by SR 7.2 million, a decrease of 1.51% due to a decrease in the revenue of Farm Superstores branches for the current quarter compared to the same quarter of the previous year. |
| 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 reason of decrease in the net profit during the current quarter compared to the same quarter of the previous year is as follows:
- The net of non-operating costs and expenses charged to the profits of the current quarter amounted to SR 32.1 million compared to SR 17.4 million, which represents the net non-operating costs and expenses charged to the profits of the same quarter of the previous year due to increase in finance cost on loans and realization of a loss in investments at fair value in local shares portfolio for the current quarter compared to the same quarter of the previous year. - Despite of decrease in the revenues of the current quarter compared to the same quarter of the previous year, the gross profit for the current quarter increased compared to the same quarter of the previous year by SR 14 million due to the improvement in profit margin, contracts with suppliers, and the performance of the entertainment sector. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | - Increase in the revenues of the current quarter compared to the previous quarter by SR 0.5 million, an increase of 0.11% due to an increase in the revenue of Farm Superstores branches for the current quarter compared to the previous quarter. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The reason of Increase in the net profit during the current quarter compared to the previous quarter is as follows:
- Increase in gross profit of the current quarter compared to the previous quarter by SR 2.7 million, increase in the rental income of the current quarter compared to the previous quarter by SR 5.3 million, and a decrease in total operating expenses for the current quarter compared to the previous quarter by SR 2.2 million, knowing that the net of non-operating costs and expenses charged to the profits of the current quarter amounted to SR 32.1 million compared to SR 22.7 million, which represents the net non-operating costs and expenses charged to the profits of the previous quarter. |
| 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 | None |
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