| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | Revenues, excluding accounting construction revenue, increased by 30.0% to SAR 427.4 million compared to SAR 328.8 million in the same quarter last year. This was primarily driven by revenue growth from the Multi-Purpose Terminal (MPT) operations and improved revenue from the international ports segment. Additionally, revenue increased from the logistics segments mainly coming from the acquisition of a new subsidiary, Ports Services and Storage company Limited (PSS) |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | SISCO Holding reported a net profit of SAR 26.1 million in Q1 2026, compared to SAR 24.7 million for Q1 2025. This increase is due to the following:
• a strong revenue growth of SAR 98.6 million and an improved gross profit of SAR 40.1 million, and
• an increase in other income of SAR 3.3 million.
The above increase is offset by the following:
• an increase in operating expenses by SAR 27.8 million and finance cost by SAR 11.0 million mainly due to the ports and logistics segment (MPT and PSS).
• a decrease in income for equity accounted associates by SAR 1.8 million. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Revenues, excluding accounting construction revenue, increased by 3.8% to SAR 427.4 million compared to SAR 411.7 million in Q4 2025. This was primarily driven by growth in the logistics segment, mainly coming from the acquisition of a new subsidiary, Ports Services and Storage company Limited (PSS) |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The reported net profit for Q1 2026 is SAR 26.1 million, compared to SAR 34.6 million in Q4 2025. This decrease is due to the following:
• a decline in other income of SAR 46.4 million which is mainly related to the release of retention provisions in RSGT
• a decrease in income from equity accounted associates of SAR 2.6 million, and
• a decrease in finance income of SAR 3.3 million.
The above decrease is offset by the following:
• an increase in gross profit of SAR 29.8 million,
• a decrease in operating expenses by SAR 21.0 million mainly due to a one-off pre-operating costs for MPT in Q4 2025. |
| 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 | Financial statements for the current period have been prepared according to the International Financial Reporting Standards (IFRS) that are endorsed in the Kingdom of Saudi Arabia and based on that the presentation, measurement, recognition, and disclosure for some of the financial data has been changed to comply with IFRS accounting policies as adopted in the Kingdom. |
| Additional Information | In accordance with IFRIC 12 (IFRS Interpretations Committee), the reported revenue includes accounting construction revenue of SAR 11.9 million. There is no impact on gross profit or net profit as there is a corresponding accounting construction cost of SAR 11.9 million recognized in the cost of revenue. |
| Attached Documents |  |
