Knowledge Economic City Reports SAR 15.43M Net Loss in Three Months 2026
KEC 4310.SA | 0.00 |
On 2026-05-11 15:54:13 (Saudi Time), Knowledge Economic City 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 | 55,429 | 50,998 | 8.688 | 83,200 | -33.378 |
| Gross Profit (Loss) | 16,501 | 9,779 | 68.739 | 21,205 | -22.183 |
| Operational Profit (Loss) | -10,003 | -14,991 | -33.273 | -6,028 | 65.942 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -15,430 | -17,260 | -10.602 | -8,162 | 89.046 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -15,714 | -20,897 | -24.802 | -8,843 | 77.699 |
| 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) | 2,934,042 | 2,968,844 | -1.172 |
| Profit (Loss) per Share | -0.045 | -0.051 | |
| 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 | -457,774 | -13.5 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales increased 8.69% YoY to SAR 55.43 million, primarily driven by higher revenue from one of the Group's new projects. Net loss improved by 10.60% YoY to SAR 15.43 million, mainly attributable to the increased revenue performance. Gross profit surged 68.74% YoY to SAR 16.50 million, reflecting improved operational efficiency from the new project contributions.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 33.38% to SAR 55.43 million from SAR 83.20 million, primarily due to lower revenue from one of the Group's new projects. Net loss deepened by 89.05% to SAR 15.43 million from SAR 8.16 million in the previous quarter, mainly driven by the reduced project revenue.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. Accumulated losses reached SAR 457,774 thousand, representing 13.5% of capital. Total shareholders equity decreased 1.172% YoY to SAR 2,934,042 thousand. Loss per share improved to SAR 0.045 from SAR 0.051 in the same quarter of the previous year.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95251&anCat=1&cs=4310&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.