

28 August, 2025 16:03
Mohammed Hadi Al Rasheed and Partners Co. announces its Interim Financial results for the period ending on 2025-06-30 ( Six Months )
Element List | Current Period | Similar period for previous year | %Change | ||
---|---|---|---|---|---|
Sales/Revenue | 178,588,080 | 130,628,421 | 36.714 | ||
Net profit (Loss) | 46,890,577 | 36,081,614 | 29.956 | ||
Total Shareholders Equity (after Deducting Minority Equity) | 253,552,960 | 210,192,360 | 20.629 | ||
Profit (Loss) per Share | 3.91 | 3.01 | |||
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 | - | - | |
All figures are in (Actual) Saudi Arabia, Riyals |
Element List | Explanation |
---|---|
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | the first half of 2024. This increase is mainly attributable to: - A 2,725% increase in revenues from the Military Industries Sector, recording SAR 32.04 million in the first half of 2025 compared to SAR 1.13 million in the corresponding period of the previous year. - A 145% increase in revenues from the Asphalt Concrete Sector, recording SAR 40.07 million in the first half of 2025 compared to SAR 16.36 million in the corresponding period of the previous year. |
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Net profit amounted to SAR 46.89 million during the first half of 2025, compared to SAR 36.08 million for the same period of the previous year, an increase of SAR 10.81 million or 30%. This increase is mainly attributable to higher revenues and improved operational efficiency. |
Statement of the type of external auditor's report | Unmodified conclusion |
Reclassification of Comparison Items | None |
Additional Information | Earnings before interest, taxes, depreciation, and amortization (EBITDA) for the first half of 2025 amounted to SAR 56.6 million, compared to SAR 44.8 million for the corresponding period of the previous year, representing an increase of 26%. |
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