Mufeed Co. Announces Its Annual Financial Results For The Period Ending On 2025-12-31

Element List	Current Year	Previous Year	%Change
Sales/Revenue	167,336	165,565	1.07
Gross Profit (Loss)	60,076	54,875	9.48
Operational Profit (Loss)	32,108	32,824	-2.18
Net Profit (Loss) Attributable to Shareholders of the Issuer	26,465	34,588	-23.48
Total Comprehensive Income Attributable to Shareholders of the Issuer	25,296	34,930	-27.58
Total Shareholders Equity (after Deducting Minority Equity)	155,206	129,910	19.47
Profit (Loss) per Share	4.01	5.71
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	-	-
All figures are in (Thousands) Saudi Arabia, Riyals

The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year: The increase in revenue during the financial year 2025, compared to the previous year, by 1.07% was mainly driven by growth in most of the Company’s main revenue streams, particularly Events Management revenue, which increased by 12%, Production and Fabrication Contracting revenue by 41.7%, and Lighting, Sound and Display Systems revenue by 14.5%. This was partially offset by a (36.6%) decline in Media Production and Marketing revenue, in light of the Company’s strategic direction regarding this activity, in support of preparation for and targeting of strategic projects in the coming periods. These results also reflect the continued diversification of the Company’s revenue sources and the development of its operating activities during the financial year 2025, supported by the execution of a number of events and exhibitions across the Kingdom of Saudi Arabia, in addition to the expansion of its client base.

The reason of the increase (decrease) in the net profit during the current year compared to the last year is: Net profit for 2025 decreased by SAR 8.12 million, or(23.49%), compared to the previous year. This was mainly due to a decline in other income to SAR 0.45 million during 2025, compared to SAR 7.21 million during the previous year, as a result of non-recurring items recorded in the previous year related to income from legal claims and the reversal of litigation provision, totaling approximately SAR 6.84 million. Net profit in 2025 was also affected by the recognition of an expected credit loss provision amounting to SAR 2.58 million, compared to a reversal of provision amounting to SAR 1.61 million in the previous year, in addition to higher general and administrative expenses and finance costs. On the other hand, the Company continued to deliver stable operating performance, as gross profit increased to SAR 60.08 million during 2025, compared to SAR 54.87 million in the previous year, driven by revenue growth and a (3.10%) decline in cost of revenue compared to the previous year.

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): NA

Reclassification of Comparison Items: NA

Additional Information: For illustrative purposes only, and when calculating the adjusted profit before financing costs, depreciation, and zakat and excluding other income “non-recurring items”, the net profit for 2025 is SAR 42.01 million compared to SAR 39.2 million for 2024, representing a growth rate of 7.20% compared to 2024.

This analysis is an additional indicator for illustrative purposes only and does not represent a substitute for the net profit reported in the approved financial statements.

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