National Gypsum Reports SAR 35.49M Loss for Year 2025
NGC 2090.SA | 14.38 | -2.04% |
| Element List | Explanation |
|---|---|
| Date of Publishing the Previous Announcement Sought to be Corrected on Saudi Exchange’s Website | 2026-03-31 Corresponding to 1447-10-12 |
| Hyperlink to the Previous Announcement | Click Here |
| Incorrect statements in the previous announcement | Reference was made to the item: “Any note stated in the auditor’s report, represented by an Other Matter paragraph, qualification, emphasis of matter, disclaimer of opinion, or adverse opinion as stated in the auditor’s report,” with the phrase: “None.” |
| Correct Statement |
We draw attention to Note No. (2-4) in the financial statements, which indicates that the Company incurred a total comprehensive loss of SAR 35,486,402 for the year ended 31 December 2025 (2024: SAR 15,120,546), and that, as at that date, the Company’s current liabilities exceeded its current assets by SAR 10,790,879.
These events or conditions, along with the other matters set out in Note No. (2-4), indicate the existence of a material uncertainty that may cast significant doubt on the Company’s ability to continue as a going concern, and our opinion has not been modified in respect of this matter. |
Other Items
National Gypsum Company issued a correction announcement regarding its 2025 financial results. The auditors included an emphasis of matter paragraph drawing attention to Note No. (2-4) in the financial statements, which indicates that the Company incurred a total comprehensive loss of SAR 35,486,402 for the year ended 31 December 2025 (2024: SAR 15,120,546), and that current liabilities exceeded current assets by SAR 10,790,879. These conditions indicate the existence of a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern, though the auditor's opinion was not modified in respect of this matter.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94310&anCat=1&cs=2090&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.