Raoom Trading Reports SAR 5.85M Net Loss in Three Months 2026
RAOOM 4144.SA | 0.00 |
On 2026-05-10 08:42:13 (Saudi Time), Raoom Trading Co. 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 | 23,153,778 | 27,368,885 | -15.401 | 25,505,387 | -9.22 |
| Gross Profit (Loss) | 7,044,215 | 8,928,604 | -21.105 | 4,179,688 | 68.534 |
| Operational Profit (Loss) | 3,955,830 | 5,221,722 | -24.242 | 1,151,143 | 243.643 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -5,847,335 | 5,003,164 | - | -11,599,347 | -49.589 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -5,895,751 | 5,073,764 | - | -12,004,810 | -50.888 |
| 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) | 131,529,951 | 161,204,957 | -18.408 |
| Profit (Loss) per Share | -0.47 | 0.4 | |
| 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 | -12,220,049 | 9.78 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales declined 15.401% YoY to SAR 23.15 million, primarily due to lower sales volumes and decreased average selling prices. The company shifted from a net profit of SAR 5.00 million to a net loss of SAR 5.85 million, driven by significant losses from revaluation of financial assets at fair value amounting to SAR 8.3 million compared to gains of SAR 1.3 million in the prior year quarter, combined with the revenue decline.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 9.22% to SAR 23.15 million from SAR 25.51 million in the previous quarter, primarily due to lower sales volumes and decreased average selling prices. Net loss improved significantly by 49.589% from SAR 11.60 million to SAR 5.85 million, mainly driven by reduced losses from financial asset revaluations which decreased from SAR 12.7 million in the previous quarter to SAR 8.3 million in the current quarter.
Other Items
The external auditor issued an unmodified conclusion with no additional comments or qualifications. Accumulated losses reached SAR 12.2 million, representing 9.78% of the company's share capital. The company has convened an Extraordinary General Assembly Meeting scheduled for April 30, 2026, with agenda items including transferring SAR 18.75 million from optional reserves to retained earnings to offset accumulated losses as reflected in the 2025 year-end financial statements. Certain comparative figures have been reclassified to conform with current period presentation.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95146&anCat=1&cs=4144&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.