| 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 increased slightly by 1.6% to SAR 307.3 million in Q2 2025 compared to SAR 302.5 million in Q2 2024. This marginal growth was primarily driven by improved steady growth in the Ports segment and a steep increase in performance within the logistics segment. |
| 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 for Q2 2025 increased by SAR 19.9 million, up 89.6% from SAR 10.5 million in Q2 2024, driven by strong performance in the Ports segment and robust results in the logistics segment. Gross profit rose by SAR 3.2 million, while operating costs declined by SAR 2.0 million. Income from equity accounted associates grew by SAR 7.1 million, offset slightly by a SAR 0.9 million increase in finance charges. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Revenue declined by 6.5% from SAR 328.8 million in Q1 2025 to SAR 307.3 million in Q2 2025. The decrease was mainly due to the change in revenue mix in the ports segment. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net profit declined by 19.2% from SAR 24.7 million in Q1 2025 to SAR 19.9 million. The reason for this decline is as follows:
• Change in the revenue mix in the ports segment,
• An increase in operating costs in RSGT Bangladesh due to the ramp up of operations, and
• an increase pre-operating costs attributable to the new MPT concessions,
•
However, overall gross and operating margins remained strong. In addition, there was a 25% increase in income from equity accounted associates during the period which also contributed positively to profitability. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Revenue, excluding accounting construction revenue, reached SAR 636.1 million, a 13.6% increase over H1 2024. The reason for this growth is attributed to strong performance by the ports and logistics segments and an improvement in income from equity accounted associates. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | SISCO reported a net profit of SAR 44.7 million, showing a 520.4% increase compared to H1 2024. This increase is due to the strong revenue growth, improved margins and an increase in income from equity accounted associates. |
| 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 | A significant strategic milestone was achieved with the signing of four 20-year BOT concession agreements covering new multi-purpose terminals in the western region. |
| Attached Documents |  |
