National Building and Marketing Co. publishes its consolidated annual financial results for the period ending December 31, 2024.

April 2, 2025 - The company's consolidated revenues grew by SAR 117 million, a 16.76% increase, driven by:

- A 23.59% rise in revenues from the iron industry sector, reaching SAR 613 million in 2024, compared to SAR 496 million in 2023, due to higher iron sales volumes.

- A 10.74% decrease in construction projects sector revenues, totaling SAR 108 million in 2024, compared to SAR 121 million in 2023, attributed to changes in completion rates for each project.

- A 40% increase in information technology sector revenues, totaling SAR 14 million in 2024, compared to SAR 10 million in 2023.

The company's consolidated net profit increased by SAR 14 million, a 46.96% growth, driven by:

- Improved profit margins in the iron industry sector, rising by approximately 4%, supported by a 3% increase in average selling prices and improved operational efficiency, leading to lower operating expenses in 2024.

- Higher returns on investments from the German Saudi Arabian Industrial Company, increasing to SAR 4.8 million in 2024, compared to SAR 2.3 million in 2023, a rise of around 101.79%.

The consolidated financial statements of the Group for the year ending December 31, 2023, were audited by a different auditor, who issued an unmodified opinion on these statements on March 24, 2024.

Certain comparative figures have been reclassified to align with the presentation of the current year's financial statements.

As of December 31, 2024, the net equity attributable to the parent company's shareholders (excluding non-controlling interests) amounted to SAR 343 million, compared to SAR 296 million as of December 31, 2023, reflecting a 15.83% increase.

Basic earnings per share is calculated by dividing the profit/(loss) attributable to the company’s shareholders by the weighted average number of ordinary shares outstanding.