Knowledge Economic City announces its Interim Financial results for the Period Ended on 2025-06-30 ( Six Months )

10 August 2025 03:43 PM

KEC 4310 -0.16% 12.36 -0.02

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	61,458	3,593	1,610.492	50,998	20.51
Gross Profit (Loss)	12,177	886	1,274.379	9,779	24.521
Operational Profit (Loss)	-31,540	-20,608	53.047	-14,991	110.392
Net profit (Loss)	-37,685	-25,114	50.055	-17,260	118.337
Total Comprehensive Income	-39,188	-24,259	61.54	-20,897	87.529
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	112,457	11,111	912.123
Gross Profit (Loss)	21,956	3,375	550.548
Operational Profit (Loss)	-46,531	-33,459	39.068
Net profit (Loss)	-54,945	-38,696	41.991
Total Comprehensive Income	-60,085	-27,096	121.748
Total Shareholders Equity (after Deducting Minority Equity)	2,929,657	2,976,373	-1.569
Profit (Loss) per Share	-0.162	-0.114
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
Accumulated Losses	-461,182	-14
All figures are in (Thousands) Saudi Arabia, 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	During the current quarter, the sales have increased as compared to the same quarter of the last year. This is mainly due to selling of units from one of the company's new residential projects.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	During the current quarter, the increase in net loss, as compared to the same quarter of the last year is mainly due to increase in operating expenses.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	During the current quarter, the increase in sales compared with the previous quarter resulted from the increase in sales of units available for sales for one of the company's projects.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	During the current quarter, the increase in net loss compared to the previous quarter is mainly due to increase in operating expenses.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is	During the current period, sales have increased as compared with the same period in the last year due to fact that the units from one of the new residential projects started to sell from August 2024 onward, while the same period in last year sales included sales of units during the period from January to June related to another residential project which was completed the year before.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	During the current period, the increase in net loss as compared to the same period of the last year is mainly due to increase in operating expenses.
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)	None
Reclassification of Comparison Items	None
Additional Information	-

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