Wajad Reports SAR 5.98M Net Profit in Year 2025
WAJD LIFE 9647.SA | 0.00 |
| Element List | Explanation |
|---|---|
| Date of Publishing the Previous Announcement Sought to be Corrected on Saudi Exchange’s Website | 2026-05-10 Corresponding to 1447-11-23 |
| Hyperlink to the Previous Announcement | Click Here |
| Incorrect statements in the previous announcement |
According to the previously published correction announcement,
the Net Profit (Loss) Attributable to Shareholders of the Issuer stated in the incorrect disclosure amounted to SAR 6,037,220 |
| Correct Statement | Net Profit (Loss) Attributable to Shareholders of the Issuer = SAR 5,981,473 |
| Additional Information |
Further to the previous corrective announcement published on 10/05/2025 regarding the correction of the annual financial results for the period ended 31/12/2025, the Company would like to clarify the gross profit (loss), operating profit (loss), and total comprehensive income attributable to the shareholders of the Company before and after the correction, in accordance with the latest approved financial statements for the period ended 31/12/2025, compared with the corresponding period of the previous year, including the percentage of change.
Gross Profit (Loss) Current Year (2025) Before Correction = 21,312,290 After Correction = =21,302,018 Previous Year (2024)= 16,522,506 Percentage of Change 29%
Operating Profit (Loss) Current Year (2025) Before Correction = 12,993,033 After Correction = 4,877,129 Previous Year (2024) = 7,087,046 Percentage of Change -31%
Total Comprehensive Income Attributable to Shareholders of the Issuer Current Year (2025) Before Correction = 6,037,220 After Correction =( -2,865,432 ) Previous Year (2024) = 2,505,921 |
Year-on-Year Performance Drivers
Gross profit increased 29% YoY to SAR 21.30 million driven by improved revenue performance, but operating profit declined 31% to SAR 4.88 million due to higher operating expenses. The company shifted from a net profit of SAR 2.51 million in 2024 to a net loss of SAR 2.87 million in 2025, reflecting deteriorating operational efficiency despite revenue growth.
Other Items
Wajad Life Trading Company issued a corrective announcement revising its 2025 annual financial results, correcting the Net Profit (Loss) Attributable to Shareholders from the previously stated SAR 6,037,220 to SAR 5,981,473. The correction significantly impacted key financial metrics: gross profit was adjusted from SAR 21,312,290 to SAR 21,302,018, operating profit was substantially revised downward from SAR 12,993,033 to SAR 4,877,129, and total comprehensive income attributable to shareholders was corrected from a profit of SAR 6,037,220 to a loss of SAR 2,865,432, representing a major shift in the company's reported financial performance for the period.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95436&anCat=1&cs=9647&locale=arNote: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.
Important 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.