Arabian Contracting Services 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 | 543,722 | 439,073 | 23.834 | 519,851 | 4.591 |
| Gross Profit (Loss) | 249,033 | 203,538 | 22.352 | 373,474 | -33.319 |
| Operational Profit (Loss) | 210,345 | 158,958 | 32.327 | 320,632 | -34.396 |
| Net profit (Loss) | 48,224 | 100,823 | -52.169 | 78,831 | -38.826 |
| Total Comprehensive Income | 48,247 | 100,823 | -52.146 | 77,989 | -38.136 |
| 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) | 1,420,631 | 1,213,967 | 17.023 |
| Profit (Loss) per Share | 0.88 | 1.83 | |
| 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 | - | - | |
| 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 | During the first quarter of the current year 2025, Arabian Contracting Services Co. achieved positive revenue growth, increasing from SAR 439 million to SAR 544 million, representing a 24% growth compared to the same quarter of the previous year, this positive revenue growth attributed to the expansion of the company’s advertising network and continuing digital transformation initiatives across its operational sectors and organic growth, in addition to enhancing the operational processes of advertising spaces at King Khalid International Airport.
Precisely, the revenue of the outdoor advertising sector Q1 2025 amounted to SAR 483 million compared to SAR 393 million in the same period last year, reflecting an increase of 23%, as the outdoor advertising revenue represents 89% of the company’s total revenues. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Arabian Contracting Services Co. achieved an increase in the Operating Profit of 32% amounting to 210 million SAR compared to 159 million SAR in Q1 2024.
Despite the increase in sales volume and operating profit, Arabian Contracting Services Co recorded a decline in net profit after Zakat and tax, reporting SAR 48 million in the first quarter of 2025, compared to SAR 101 million in the same quarter of the previous year — a decrease of 52%.This decline in net profit is attributed mainly to the interest recorded on the financial liability related to REMAT concession agreement. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | During the first quarter of 2025, Arabian Contracting Services Co, recorded positive revenue growth, increasing from SAR 520 million to SAR 544 million, reflecting a 5% increase compared to the previous quarter. This growth is attributed to the alignment of the current quarter with the full month of Ramadan and the winter season. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net profit decreased during the current quarter compared to the previous quarter by 39%, mainly due to the interest recorded on financial liability related to REMAT concession agreement. |
| 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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