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| Description | Notes | Year ended December 31, 2025 | Year ended December 31, 2024 |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Profit before Zakat and income tax | 873,935 | 988,413 | |
| Adjustments for: | |||
| Depreciation of property, plant and equipment | 5 | 228,938 | 249,446 |
| Depreciation of right-of-use assets | 6 | 22,906 | 17,549 |
| Amortisation of intangible assets | 7 | 5,786 | 4,328 |
| Finance income | 29 | (46,649) | (79,942) |
| Non-cash employee expenses | 1,631 | 1,937 | |
| Finance cost | 30 | 63,146 | 92,174 |
| Provision for employee benefits obligations | 19 | 37,501 | 33,745 |
| Insurance claim compensation | 10 | - | (10,131) |
| Loss on disposals of property and equipment | 82 | 112 | |
| Impairment (reversal) / loss on financial assets | 11 | (1,409) | 1,500 |
| Write-off of trade receivables | - | 1,518 | |
| Allowance / (reversal) for inventory obsolescence | 10 | 633 | (2,940) |
| Changes in: | |||
| Inventories | 26,504 | (44,989) | |
| Trade receivables | 546,959 | 89,699 | |
| Prepayments and other assets | (54,232) | 9,125 | |
| Trade and other payables | (154,274) | 394,379 | |
| Accrued expenses and other liabilities | (34,076) | 47,453 | |
| Cash generated from operations | 1,517,381 | 1,793,376 | |
| Finance income received | 43,500 | 93,019 | |
| Employee benefit obligations paid | (17,566) | (14,027) | |
| Zakat and income tax paid | 31 | (25,788) | (63,892) |
| Net cash generated from operating activities | 1,517,527 | 1,808,476 | |
| Cash flows from investing activities: | |||
| Purchase of property, plant and equipment | 5 | (429,287) | (196,595) |
| Proceeds from disposal of property and equipment | 112 | - | |
| Purchase of intangible assets | 7 | (15,141) | (6,221) |
| Investment in short-term deposits | (706,168) | (880,298) | |
| Withdrawals from short-term deposits | 773,233 | 2,049,899 | |
| Insurance claim compensation received | - | 10,131 | |
| Collection against employees’ loans | 4,903 | 3,836 | |
| Disbursement of employees’ loans | (5,661) | (4,201) | |
| Net cash (used in) / generated from investing activities | (378,009) | 976,551 |
The accompanying notes from 1 to 36 form an integral part of these financial statements.
- Ibrahim Qassim Al-Buainain — Chairman of the Board
- Samer Abdulaziz M. Al-Hokail — President & Chief Executive Officer
- Saud Fouad Kamakhi — Chief Financial Officer
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| Description | Notes | Year ended December 31, 2025 | Year ended December 31, 2024 |
|---|---|---|---|
| Cash flows from financing activities: | |||
| Repayment of borrowings | (116,304) | (1,039,266) | |
| Dividends paid | 15 | (686,486) | (1,446,993) |
| Repayment of principal portion of lease liabilities | 6 | (22,316) | (16,954) |
| Finance costs paid on lease liabilities | 6 | (9,063) | (7,155) |
| Finance cost paid | (53,137) | (85,448) | |
| Net cash used in financing activities | (887,306) | (2,595,816) | |
| Net increase in cash and cash equivalents | 252,212 | 189,211 | |
| Cash and cash equivalents at the beginning of the year | 735,171 | 545,960 | |
| Cash and cash equivalents at the end of the year | 14 | 987,383 | 735,171 |