Fitaihi Holding Reports SAR 4.36M Net Loss in Three Months 2026
FITAIHI GROUP 4180.SA | 0.00 |
On 2026-05-10 15:41:43 (Saudi Time), Fitaihi 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 | 11,636,012 | 13,687,903 | -14.99 | 14,300,926 | -18.634 |
| Gross Profit (Loss) | 3,588,075 | 6,248,354 | -42.575 | 6,309,909 | -43.135 |
| Operational Profit (Loss) | -3,403,290 | -108,524 | 3,035.979 | 402,831 | - |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -4,357,465 | -980,363 | 344.474 | -341,938 | 1,174.343 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -32,500,268 | -11,087,832 | 193.116 | 11,326,729 | - |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 444,717,468 | 465,346,957 | -4.433 |
| Profit (Loss) per Share | -0.016 | -0.004 | |
| 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 | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales declined 14.99% YoY to 11.64 million despite a 13% increase in core sales to 13 million, primarily due to losses from associate results of 2.2 million compared to 0.7 million profit in the prior year and reduced dividend income from equity instruments. Net loss widened significantly to 4.36 million from 0.98 million, driven by the associate losses, lower dividend income, increased selling and administrative expenses rising 9.4% to 7.0 million, and higher zakat expenses of 0.9 million.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 18.63% to 11.64 million due primarily to losses from associate results of 2.2 million versus 1.6 million profit in the previous quarter, despite 2.4% sales growth and 0.8 million in dividends received. Net loss deepened significantly by 1,174.34% to -4.36 million, driven by the associate losses and 23.2% increase in selling, distribution, and administrative expenses to 7.0 million.
Other Items
The external auditor issued an "Other Matter" opinion noting that the comparative interim financial statements for Q1-2025 were reviewed by another auditor who expressed an unmodified conclusion. Total shareholders equity decreased 4.433% to 444,717,468 SAR compared to the previous year. Loss per share worsened to -0.016 SAR from -0.004 SAR in the prior year quarter. Total comprehensive income attributable to shareholders showed a significant loss of -32,500,268 SAR compared to -11,087,832 SAR in the same period last year, representing a 193.116% deterioration.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95181&anCat=1&cs=4180&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.