Preliminary Financial Results for Q1 2025 for the period ended 31-03-2025 (Three Months)
31 March 2025
ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR % CHANGE PREVIOUS QUARTER % CHANGE
Sales/Revenue 1,520,038 1,304,419 16.5% 1,809,345 (16.0%)
Gross Profit (Loss) 247,967 199,453 24.3% 373,835 (33.7%)
Operational Profit (Loss) 69,680 21,435 225.1% 58,142 19.8%
Net Profit (Loss) 21,813 5,427 301.9% 8,227 165.1%
Total Comprehensive Income (Loss) 22,251 (15,459) - (8,820) -
All figures are in thousands of Saudi Riyals
ELEMENT LIST CURRENT PERIOD SIMILAR PERIOD FOR PREVIOUS YEAR % CHANGE
Total Share Holders Equity (After Deducting the Minority Equity) 474,583 436,344 8.8%
Profit (Loss) per Share 0.36 0.09 301.9%
All figures are in thousands of Saudi Riyals
ELEMENT LIST Percentage of the Capital (%) Amount
Profit (Losses) Resulting from the Change in Investment Properties` Fair Value - -
Accumulated losses 9.4% -56,526
All figures are in thousands of Saudi 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 Consolidated Sales during the period increased by 16.5% due to sales growth across all sectors. AC Sector grew by 20%, Steel Sector grew by 7%, Construction Sector grew by 29% and Insulation Sector grew by 62%.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is

Net Profit increased due to:

  1. Higher sales across all sectors resulted in an increase in Gross Profit by 24.3%;
  2. Higher Operating Income in AC, construction and insulation sectors;
  3. Higher share in results from associates and joint ventures by SAR 1.8 M;
  4. Lower Financial Charges by SAR 5.2 M
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is Consolidated Sales during the period reduced by 16% due to sales drop in AC Sector by 23% and Construction Sector by 39%.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is

Net Profit increased due to:

  1. Better operating profit in AC and Insulation sectors;
  2. Lower Financial charges by SAR 3.9 M;
  3. Higher Other Income by SAR 11.4 M;
Statement of the type of external auditor's report Unmodified opinion
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 Comparative figures have been reclassified to conform with the presentation in the current period.
Additional information A new business segment of Zamil Industrial Construction sector has been established by merging Construction operations of Zamil Steel and Projects operations of Zamil Air Conditioners into a single Integrated Building and Construction MEPF Solutions Company, named ZODCON, leveraging products and services from Zamil Industrial's Fabricated Steel Structures, Air conditioning, and Insulation business sectors to deliver total solutions.

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