Arab Sea Information Systems Company announces its interim consolidated financial results for the period ending on 03-31-2025 (three months)
Arab Sea Information Systems
Media Center May 13, 2025
Arab Sea Information Systems Company announces its interim consolidated financial results for the period ending on 03-31-2025 (three months)
Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 11,632,5029,089,82727.97215,453,761-24.727
Gross Profit (Loss) 2,148,835100,7232,033.4115,141,668.87-85.808
Operational Profit (Loss) -5,391,453-6,910,470-21.9817,874,123.87–
Net profit (Loss) -5,212,659-7,071,930-26.291,587,048.87–
Total Comprehensive Income -5,212,659-7,071,930-26.291,908,412.87–
All figures are in (Actual) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Total Shareholders Equity (after Deducting Minority Equity) 116,645,982119,972,463-2.772
Profit (Loss) per Share -0.05-0.07
All figures are in (Actual) Saudi Arabia, Riyals
Element ListAmountPercentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value ––
All figures are in (Actual) Saudi Arabia, Riyals
Element ListExplanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is The reason for the increase in revenues during the current quarter by 27.972% compared to the same quarter of the previous year is due to:

– The impact of government project revenues in the current quarter compared to the same quarter of the previous year

The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The reason for the decrease in net loss during the current quarter by (26.29%) compared to the same quarter of the previous year is:

– Increased revenues in the current quarter.

The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The reason for the decrease in revenues during the current quarter by (24.727%) compared to the previous quarter is due to:

– The fourth quarter was characterized by an increase in revenues compared to any other quarter.

The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The reason for the increase in net loss during the current quarter by 428% compared to the previous quarter is due to:

– Decrease in revenues for the current quarter compared to the previous quarter

Statement of the type of external auditor’s report Conservation
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 interim condensed consolidated statement of financial position includes intangible assets related to Arab Sea Information Systems Company with a net carrying amount of SAR 112.4 million as at 31 March 2025 (31 December 2024: SAR 116.2 million). Due to the presence of some impairment indicators for those intangible assets, management performed an impairment assessment using certain assumptions as at 31 December 2024. However, we were not provided with sufficient and appropriate information and data to support those assumptions. As at the date of our review of the accompanying interim condensed consolidated financial statements as at 31 March 2025, there had been no significant changes to those assumptions, and management did not provide us with evidence of a revised impairment assessment for those assets. Accordingly, we were unable to determine the recoverable amount of these intangible assets, whether an impairment loss should have been recognized, or the potential financial impact on the accompanying interim condensed consolidated financial statements.
Reclassification of Comparison Items none
Additional Information –
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