Company AnnouncementsNomu
Amwaj International Co. announces its Annual Financial results for the period ending on 2025-12-31
9537 | AMWAJ INTERNATIONAL
JUL 28, 2026, 06:17 AM (1448/02/14)
4 Min Read
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 276,613,774 | 300,274,471 | -7.88 | ||
| Gross Profit (Loss) | 29,029,544 | 51,145,418 | -43.24 | ||
| Operational Profit (Loss) | -77,146,195 | 20,063,600 | - | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -87,799,964 | 6,357,488 | - | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -87,781,740 | 6,771,836 | - | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 42,682,567 | 130,464,307 | -67.28 | ||
| Profit (Loss) per Share | -14.63 | 1.06 | |||
| 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 | -28,015,270 | 46.69 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | The decrease in revenue during the financial year was attributable to a decline in sales volume compared to the corresponding period of the previous year, alongside a reassessment of sales and credit management policies, which impacted net sales during the period. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The shift from a net profit of SAR 6.36 million in 2024 to a net loss of SAR 87.80 million in 2025 was mainly attributable to the following: • A decline in revenue, resulting in a decrease in gross profit. • Recognition of losses arising from inventory count discrepancies amounting to SAR 28.67 million, following discrepancies identified at one of the Company’s branches. • Recognition of an expected credit loss provision of SAR 47.12 million, compared to SAR 2.41 million in the previous year. The majority of the provision recognized during the year related to receivables associated with the branch where the incident occurred. • An increase in general and administrative expenses. • The continued incurrence of finance costs. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | The auditor’s report did not include a qualified opinion, an Emphasis of Matter paragraph, an Other Matter paragraph, a disclaimer of opinion, or an adverse opinion. Under the section titled “Report on Other Legal and Regulatory Requirements,” the report referred to the Company’s failure to announce its annual financial results and file its financial statements within the prescribed timeframe, which resulted in the suspension of trading in the Company’s shares effective April 30, 2026, until the financial statements were published. The auditor further stated that this matter had no material impact on the financial statements. |
| Reclassification of Comparison Items | Certain comparative-period items have been reclassified to conform to the classification and presentation of the current period’s financial statements and enhance comparability. Such reclassifications had no impact on the Company’s results of operations or financial position. |
| Additional Information | The decline in the Company’s results and its shift to a loss in 2025 were primarily attributable to the financial impact of inventory discrepancies identified at one of the Company’s branches, which had previously been disclosed by the Company, in addition to the recognition of expected credit loss provisions on certain trade receivable balances, the majority of which related to receivables associated with the branch where the incident occurred, as well as provisions for slow-moving and obsolete inventory. It should be noted that part of these impacts represents accounting provisions and estimates recognized in accordance with the applicable International Financial Reporting Standards and does not necessarily represent final cash losses or cash outflows during the period. The Company also did not recognize any asset or potential recoverable amounts in connection with claims arising from the inventory discrepancy incident, as the related legal proceedings remain ongoing and the outcome of such claims depends on uncertain future events. Accordingly, any amounts collected or recovered in the future will be recognized once the applicable accounting recognition criteria are met, which may have a positive impact on the Company’s results in the period in which such amounts are recognized. The Company continues to pursue the necessary legal and regulatory measures to collect the receivables and claims and recover the amounts associated with the inventory discrepancies at the branch where the incident occurred. The Company has also implemented corrective measures and strengthened its internal control procedures over inventory and trade receivables to reduce the risk of similar incidents recurring in the future. |
Keywords:Company AnnouncementsAMWAJ INTERNATIONALNomuConsumer Discretionary Distribution & Retail
