| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is |
Baazeem trading Net sales in the second quarter ended June 30, 2026 increased by 15.90% reaching 72,063,657 SAR compared to 62,179,232 SAR in the same quarter of the previous year. The increase in net sales is due to demand increase in some of the company categories. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is |
Baazeem trading Net profit for the second quarter of 2026 increased by 22.87% reaching 6,966,602 SAR compared to 5,669,809 SAR in the same quarter of the previous year. The reason for the increase in net profit is driven by the increase in sales by 15.90%. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is |
Baazeem trading net revenues for the second quarter 2026 ending on 30 June reached 72,063,657 SAR compared to 75,130,651 SAR in the first quarter of 2026. The decrease in net revenues is driven by growth in the first quarter sales due to Ramadan Season. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is |
Baazeem trading net profit for the second quarter 2026 ending on 30 June reached 6,966,602 SAR compared to 9,610,564 SAR in first quarter of 2026. The decrease in net profit is driven by the sales of product mix for the company brands. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is |
Baazeem trading Net revenues in the current period ended June 30, 2026 increased by 10.80%, reaching 147,194,308 SAR compared to 132,850,395 SAR in same period last year 2025. The increase in net sales is due to demand increase in some of the company categories. |
| 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 net profit in the current period of 2026 increased by 15.89%, reaching 16,577,166 SAR compared to 14,304,619 SAR in same period last year 2025. The increase was driven by the increase in the company sales by 10.80%. |
| Statement of the type of external auditor's report |
Conservation |
| 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) |
BASIS FOR QUALIFIED CONCLUSION As referred to in Note (2) to the accompanying interim condensed consolidated financial statements, which relates to information about the Group concerning Baazeem Trading Company’s investment in Baazeem Trading Establishment in Qatar, it was noted that the investment represents a sole proprietorship under the name of Mr. Salem Saleh Baazeem (a major shareholder and Chairman of the Board of Directors), since 2008. The Company’s management prepared a technical memo to set out the accounting basis, based on the conceptual framework for financial reporting, on which the Company relies in considering the investment existing in Qatar as an asset belonging to the Company and recognizing it in its financial statements, despite the fact that the legal registration is in the name of Mr. Salem Saleh Baazeem (a major shareholder and Chairman of the Board of Directors). The Company has currently concluded the following: Based on an analysis of the available facts and documents, the Company’s management believes that the investment represents a present economic resource controlled by the Company as a result of past events and has the potential to produce economic benefits for the Company. One of the key aspects of the assessment was the legal aspect and an irrevocable waiver provided by Mr. Salem Saleh Baazeem in favor of Baazeem Trading Company. However, the Company is still in the process of obtaining an independent legal opinion from a Qatari legal advisor to assess the enforceability of the Company’s rights in the investment, including the possibility of converting Baazeem Trading Establishment (a sole proprietorship) owned by Mr. Salem Saleh Baazeem into a branch of Baazeem Trading Company. Consequently, we were unable to complete our review of the legal aspects and rights related to the investment in Baazeem Trading Establishment (a sole proprietorship). Had we been able to complete our review of the investment in Baazeem Trading Establishment (a sole proprietorship), matters might have come to our attention indicating that adjustments might be necessary to the condensed interim consolidated financial statements. |
| Reclassification of Comparison Items |
Items, elements and notes of the comparatives Consolidated Financial Statements have been re-displayed, regrouped and reclassified to meet with the applied accounting policies for the current period, which have been prepared according to the International Financial Reporting Standards (IFRS) that were endorsed in the Kingdom of Saudi Arabia. Certain comparative amounts have been reclassified to conform to the current year’s presentation. |
| Additional Information |
1- The total shareholder's equity increased by 4.49%, reaching 211,416,966 SAR on 30-06-2026 compared to 202,324,357 SAR on 30-06-2025, with no minority rights. 2- The earning by share on the period ending 30-06-2026 increased by 14.29% reaching 0.16 SAR per Share compared to 0.14 SAR per Share on the same period last year ending 30-06-2025. Worth mentioning that the total number of company shares is 101,250,000 shares. |
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