On 2026-08-11 16:00:34 (Saudi Time), Anaam International Holding Group announced its Interim financial results for the six months ended on June 30, 2026.

Year-on-Year Performance Drivers

For the six-month period ending 30 June 2026, sales/revenue increased marginally by 1.24% YoY to SAR 12.41 million (from SAR 12.26 million), driven by higher rental income in the current period compared to the corresponding period of the previous year. The net loss attributable to shareholders narrowed significantly by 76.356% YoY to SAR 3.03 million (from SAR 12.82 million), primarily due to a decrease in losses from discontinued operations, an increase in other income, a reduction in investment losses, and lower finance costs compared to the corresponding period of the previous year.

Quarter-on-Quarter Performance Drivers

QoQ revenue declined 10.809% to SAR 5.85 million (from SAR 6.56 million in the previous quarter), driven by a decrease in rental income. Despite the revenue drop, the net loss narrowed by 21.226% QoQ to SAR 1.34 million (from SAR 1.70 million), primarily due to an increase in other income in the current quarter compared to the previous quarter.

Other Items

The external auditor issued an unmodified conclusion on the interim condensed consolidated financial information for the six-month period ended 30 June 2026. However, the auditor's report includes a material uncertainty paragraph related to going concern, noting that "the Group incurred a net loss of Saudi Riyals 3.92 million during the six-month period ended 30 June 2026 and its current liabilities exceeded its current assets by Saudi Riyals 249.17 million as of that date," with the auditor stating that "these conditions, along with other matters as set forth in Note 2.4, indicate that material uncertainty exists that may cast significant doubt on the Group's ability to continue as a going concern." As of 30 June 2026, accumulated losses amounted to SAR 70.64 million, representing 22.4% of the Company's share capital, triggering the procedures and instructions issued by the Capital Market Authority applicable to listed companies whose accumulated losses have reached 20% or more but less than 35% of their share capital. Total shareholders' equity (after deducting minority equity) stood at SAR 244.36 million, compared to SAR 254.39 million in the same period of the previous year, a decline of 3.942%. Loss per share for the current period was SAR -0.407, compared to SAR -0.096 in the prior year period. Certain comparative figures have been reclassified to match the current year's classification.

Original announcement:

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