Tadawul-
Element List Current Quarter Similar Quarter For Previous Year %Change Previous Quarter % Change
Sales/Revenue 185,722,233 121,851,436 52.416 180,962,810 2.63
Gross Profit (Loss) 32,186,941 16,648,728 93.329 35,899,600 -10.341
Operational Profit (Loss) 22,923,655 11,219,611 104.317 27,095,060 -15.395
Net Profit (Loss) Attributable to Shareholders of the Issuer 16,858,065 6,013,541 180.335 21,864,828 -22.898
Total Comprehensive Income Attributable to Shareholders of the Issuer 16,837,871 5,936,905 183.613 21,564,270 -21.917
All figures are in (Actual) Saudi Arabia, Riyals
Element List Current Period Similar Period For Previous Year %Change
Sales/Revenue 495,517,291 379,349,735 30.622
Gross Profit (Loss) 83,137,393 34,207,366 143.039
Operational Profit (Loss) 62,110,874 12,085,094 413.946
Net Profit (Loss) Attributable to Shareholders of the Issuer 47,414,440 -1,869,667 -
Total Comprehensive Income Attributable to Shareholders of the Issuer 47,045,284 -1,859,264 -
Total Shareholders Equity (after Deducting Minority Equity) 338,070,960 285,880,744 18.255
Profit (Loss) per Share 0.211 -0.008
All figures are in (Actual) Saudi Arabia, Riyals
Element List Amount Percentage Of The Capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value - -
All figures are in (Actual) 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 The increase in sales during the current quarter, compared to the same quarter of the previous year, is attributable to:
- An increase in sales volume.
- An increase in selling prices.
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 for the current quarter, compared to the same quarter of the previous year, is attributed to:
- An increase in gross profit, driven by a 52.42% rise in sales, while the cost of sales increased by 45.94%, due to higher sales volumes and selling prices.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The increase in sales during the current quarter compared to the previous quarter is due to:
- An increase in sales volume.
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 for the current quarter compared to the previous quarter is attributable to:
- A decline in gross profit, impacted by a 5.84% increase in the cost of sales, while sales revenue rose by 2.63%.
- An increase in selling and distribution expenses.
- An increase in general and administrative expenses.
- An increase in the provision for impairment of trade receivables.
- Higher net losses from changes in investments at fair value through profit or loss (investment portfolio).
- An increase in finance costs.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is The increase in sales during the current period, compared to the corresponding period of the previous year, is attributable to:
- An increase in sales volume.
- An increase in selling prices.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The increase in net profit during the current period, compared to the corresponding period of the previous year, is attributed to:
- An increase in gross profit, driven by a 30.62% rise in sales value, while the cost of sales increased by 19.48%.
- A decrease in selling and distribution expenses.
- An increase in other income.
- A decrease in losses from changes in investments at fair value through profit or loss (investment portfolio).
- A decrease in finance costs.
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) No
Reclassification of Comparison Items During the period ending 30 September 2026, the company has reclassified some comparative figures in the Statement of Cash Flows to align with the presentation of the current period. The reclassification had no impact on the profit or loss or equity.
Finance costs paid were reclassified from financing activities to operating activities.
The table below illustrates the impact on the cash flow statement for the period ended 30 September 2025:
Net cash flow generated from operating activities: Before Reclassification 52,308,207 – Reclassification (8,618,497) - After Reclassification 43,689,710
Net cash flow used in financing activities: Before Reclassification (39,237,000) – Reclassification 8,618,497 - After Reclassification (30,618,503).
Additional Information 1- Sales for the current nine months of 2026 increased compared to the corresponding period in 2025. The cost of sales rose at a slower rate than sales, resulting in 143.04% growth in gross profit. Furthermore, selling and distribution expenses for the current period of 2026 decreased by 6.45% compared to the same period in 2025. Other income also increased, driven by the recovery of Zakat payments for the years 2019 and 2020—following a final ruling in the company’s favor—amounting to SAR 3.36 million, as well as the recovery of customs duties for 2025, amounting to SAR 1.52 million. Consequently, operating profit rose from SAR 12.09 million in the corresponding period of the previous year to SAR 62.11 million in the current period.
2- Financing costs for the current nine-month period of 2026 were lower than those of the same period in 2025. Furthermore, losses from changes in investments at fair value through profit or loss (investment portfolio) decreased during the current period compared to the net losses recorded in the same period of the previous year. Combined with the increase in operating profit, these factors led to a net profit of SAR 47.41 million for the current period of 2026, compared to a loss of SAR 1.87 million in the same period of the previous year.
3- Shareholders' equity increased to SAR 338.07 million as of September 30, 2026, compared to SAR 291.03 million as of December 31, 2025, due to the net profit generated during the nine months ended September 30, 2026.
4- International Financial Reporting Standard 18 (IFRS 18), "Presentation and Disclosure in Financial Statements," will replace International Accounting Standard 1 (IAS 1), "Presentation of Financial Statements." This new standard will apply to annual reporting periods commencing on or after January 1, 2027. The company did not apply the new standard early in preparing these condensed interim financial statements. The company is currently assessing the expected impact of the initial application of IFRS 18, "Presentation and Disclosure in Financial Statements," and discloses this assessment in the notes to the condensed interim financial statements dated September 30, 2026.
5- The Middle East has experienced rapidly evolving geopolitical and security developments, resulting in increased instability in certain regional markets. These developments do not require any adjustments to the balances or disclosures recognized in the financial statements for the nine months ended 30 September 2026.
Based on the information available on the date of approval of these financial statements, management has not identified any material indicators that would adversely affect the Company's ability to continue as a going concern. Management will continue to monitor relevant developments and take appropriate actions, as necessary.
6- Basic earnings per share were calculated by dividing the profit/loss for the period attributable to the company's common shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings/loss per share is the same as basic earnings/loss per share, as the company does not have any dilutive instruments.
7- We would like to draw the attention of our valued shareholders to the condensed interim Financial Statements for the nine months ended September 30, 2026, which will be available on the investor relations app for Zahrat Al Waha for Trading Co. on smartphones and tablets, and through the company's website at the following link: https://zaoasis.com/investors/financial-information, after sending them to the competent authorities.
