(Saudi Riyal)

31 December	Note	2023	2022
Revenue, net	21	1,784,755,283	1,602,476,839
Cost of revenue	22	(1,378,877,760)	(1,243,297,002)
Gross profit		405,877,523	359,179,837
Impairment (loss)/Reversal of trade receivables	8	(5,030,671)	3,755,826
Marketing & advertising expenses	23	(149,968,457)	(131,377,566)
General and administrative expenses	24	(106,194,606)	(136,449,562)
Research and development expenses	25	(41,866,741)	(33,784,069)
Other (expense)/income, net		(921,969)	2,695,556
Operating profit		101,895,079	64,020,022
Unrealized gains on investments at FVTPL	7	3,326,897	1,766,705
Finance costs		(5,456,944)	(3,155,960)
Interest revenue		46,068,207	22,196,965
Net profit for the year before zakat		145,833,239	84,827,732
Zakat	20	(27,065,630)	(28,304,442)
Net profit for the year		118,767,609	56,523,290
Net profit for the year attributable to:
Shareholders of the Parent Company		125,336,967	58,977,006
Non-Controlling interests		(6,569,358)	(2,453,716)
		118,767,609	56,523,290
Other comprehensive income
Items that will not be reclassified subsequently to profit or loss
Actuarial gains/(losses) from re-measurement of employees’ end of service benefits		1,571,043	(189,362)
Total other comprehensive income	15	1,571,043	(189,362)
Total comprehensive income		120,338,652	56,333,928
Total comprehensive income attributable to
Shareholders of the parent company		126,908,010	58,787,644
Non-Controlling interests		(6,569,358)	(2,453,716)
		120,338,652	56,333,928
Earnings per share attributable to shareholders of the Company:
Basic earnings per share	28	0.61	0.29
Diluted earnings per share	28	0.61	0.29

The accompanying notes from 1 to 35 form an integral part of these Consolidated Financial Statements.