Anaam International Reports SAR 1.70M Net Loss in Three Months 2026
ANAAM HOLDING 4061.SA | 0.00 |
On 2026-05-11 15:41:08 (Saudi Time), Anaam International Holding Group announced its Interim financial results for the three months ended on March 31, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 8,578 | 8,880 | -3.4 | 10,710 | -19.906 |
| Gross Profit (Loss) | 5,109 | 4,882 | 4.649 | 5,256 | -2.796 |
| Operational Profit (Loss) | -52 | -2,672 | -98.053 | -4,590 | -98.867 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -1,696 | -6,197 | -72.631 | -5,004 | -66.107 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -1,696 | -6,197 | -72.631 | -4,782 | -64.533 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 245,695 | 261,014 | -5.869 |
| Profit (Loss) per Share | -0.054 | -0.197 | |
| 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 | -69,305 | -22 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales declined 3.4% YoY to SAR 8.58 million, primarily due to a 27% decline in revenue from Saudi Wasit Entertainment and Beauty Systems Company. Net loss significantly narrowed by 72.631% to SAR 1.70 million from SAR 6.20 million in the prior year, driven by decreased general and administrative expenses, reduced expected credit loss provisions, and the absence of impairment losses on long-term investments that occurred in the previous year. Despite lower sales, gross profit improved 4.649% YoY, contributing to the overall improvement in profitability.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 19.906% to SAR 8.58 million from SAR 10.71 million, primarily due to decreased revenues from Saudi Wasit Entertainment and Beauty Systems Company. Net loss improved significantly by 66.107% to SAR 1.70 million from SAR 5.00 million, driven by reduced general and administrative expenses and increased profits from other income compared to realized losses in the previous quarter.
Other Items
The auditors issued an unmodified conclusion but highlighted material uncertainty related to going concern, noting that as of the reporting date, the Group has accumulated losses of SAR 69.3 million and current liabilities exceeded current assets, resulting in a working capital deficit of SAR 139 million. Accumulated losses reached 22% of capital, triggering Capital Market Authority procedures applicable to companies whose accumulated losses have reached 20% or more but less than 35% of share capital. The auditors referenced note 2-7 regarding events and conditions that indicate material uncertainty casting significant doubt on the Group's ability to continue as a going concern, though their conclusion remained unmodified regarding this matter.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95242&anCat=1&cs=4061&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.