National Industrialization Company (2060) investor relations material

Executive summary

• Consolidated financial statements for the year ended 31 December 2025 were audited with an unqualified opinion, confirming fair presentation in accordance with IFRS as endorsed in Saudi Arabia.

• The year saw significant restructuring, including the acquisition of the remaining 25% of SAMCO, making it a wholly owned subsidiary, and the classification of RITC Group as held for sale.

• Major impairments were recognized in key assets due to adverse market conditions, and a substantial gain was recorded from debt restructuring.

Financial highlights

• Revenue from continuing operations declined to SR 2.49 billion from SR 3.02 billion year-over-year.

• Net loss for the year was SR 1.47 billion, compared to a net loss of SR 278 million in 2024.

• Gross profit remained flat at SR 85 million, while operating loss widened to SR 3.36 billion from SR 321 million.

• Major impairment charges totaled SR 2.11 billion, including SR 1.77 billion for Slagger CGU and SR 340 million for SAMCO CGU.

• Gain on debt restructuring amounted to SR 2.03 billion.

• Cash and cash equivalents at year-end were SR 2.02 billion, down from SR 4.09 billion.

Outlook and guidance

• Management expects the current liquidity position to be temporary, with refinancing arrangements in progress to extend loan maturities and support ongoing operations.

• The sale of RITC Group is expected to close in 2026, and further operational adjustments are anticipated due to market and geopolitical developments.