| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | The increase in sales during the current quarter compared with the same quarter of the previous year is attributable to the expansion in the number of service stations operating and the increase in the number of trucks. |
| 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 increase in net profit during the current quarter compared with the same quarter of the previous year is mainly due to higher sales from the Petrol and Transport divisions, increased income from bank deposits and other income, and higher returns from investments in the joint venture project and Sukuk. This was partially offset by higher marketing and selling expenses, general and administrative expenses, financing costs, and Zakat expenses. Total comprehensive income decreased during the current quarter compared with the same quarter of the previous year due to remeasurement losses related to defined benefit obligations for employees. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The decrease in sales during the current quarter compared with the previous quarter is mainly due to the seasonality of Ramadan and Eid, despite the continued expansion in the number of operating service stations and the increase in the number of trucks. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The decrease in net profit during the current quarter compared with the previous quarter is mainly due to lower sales in the Petrol and Transport divisions, reduced income from bank deposits and other income, and higher marketing and selling expenses and financing costs. This was partially offset by an increase in the share of results from the joint venture project and Sukuk investments, as well as lower general and administrative expenses and Zakat expenses. Total comprehensive income decreased during the current quarter compared with the previous quarter due to remeasurement losses related to defined benefit obligations for employees. |
| 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) | Nothing |
| Reclassification of Comparison Items | Certain comparative figures for the previous quarter have been reclassified to conform with the current quarter’s presentation. |
| Additional Information | There were adjustments in the same quarter of the previous year and in the preceding quarter due to the accounting treatment applied to Iqama issuance and renewal costs. These adjustments were recognized retrospectively in the financial statements of the prior period. |
