(All amounts in Saudi Riyals thousands, unless otherwise stated)
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| Description | Notes | Year ended December 31, 2025 | Year ended December 31, 2024 |
|---|---|---|---|
| Revenue | 25 | 8,103,355 | 10,035,854 |
| Cost of revenue | 26 | (6,924,583) | (8,700,229) |
| Gross profit | 1,178,772 | 1,335,625 | |
| Selling and distribution expenses | 27 | (36,285) | (64,210) |
| General and administrative expenses | 28 | (252,903) | (281,252) |
| Impairment reversal / (loss) on financial assets | 11 | 1,409 | (1,500) |
| Other (expenses) / income | (561) | 11,982 | |
| Operating profit | 890,432 | 1,000,645 | |
| Finance income | 29 | 46,649 | 79,942 |
| Finance cost | 30 | (63,146) | (92,174) |
| Profit before Zakat and income tax | 873,935 | 988,413 | |
| Zakat and income tax | 31 | (18,620) | (16,385) |
| Profit for the year | 855,315 | 972,028 | |
| Other comprehensive income: | |||
| Items that will not be reclassified to profit or loss: | |||
| Re-measurement gain on employee benefit obligations | 19 | 15,602 | 3,631 |
| Total comprehensive income for the year | 870,917 | 975,659 | |
| Basic and diluted earnings per share | 17 | 5.08 | 5.78 |
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