SaTam International Investment Limited Q.P.S.C. Condensed consolidated interim financial information
For the nine-month period ended 30 September 2025
As at and for the nine months ended 30 September 2025
Contents
Condensed consolidated interim financial information Condensed consolidated statement of financial position Condensed consalidated statement of profit or loss Condensed consotidated statement of comprehensive income Condensed consolidated statement of changes in equity
Page(s)
1-2
3
4
5
Salam International investment Limited Q.P.S.C. | ||
condensed consolidated statement of financial position As at 3# September 2025 | In Qatan Riyals | |
30 September | 31 December | |
2025 (Not Reviewed) | 2024 (Audited) | |
Assets | ||
Praperty and equipment | 318,990,490 | 341,939,074 |
Right-of-use assets | 76,485,807 | 81,398,306 |
Intangible assets a.nd goodwill | 64,716,323 | 67,114,217 |
Investment properties | 2,323,722,361 | 2,245,886,112 |
Equity-accounted investees | 216,683,860 | 214,220,250 |
Investment securities | 100,811,443 | 97,662,178 |
Retention receivables | 31,845,505 | 31,562,300 |
Loan to associate companies | 24,392,527 | 24,741,406 |
Other assets | 9,068,422 | 9,330,825 |
hton-current assets | 3,166,716,738 | 3,113,854,668 |
Inventories | 305,763,900 | 286,909,609 |
Due from related parties | 299,308,790 | 284,640,184 |
Retention receivables | 27,655,132 | 28,710,403 |
Contract assets | 160,326,427 | 137,146,568 |
Trade and other receivables | 349,954,883 | 332,015,541 |
Other assets | 120,726,665 | 109,756,014 |
Cash and cash equivalents | 200,534,951 | 239,453,913 |
Current assets | 1,464,270,748 | 1,418,632,232 |
Total assets | 4,630,987,486 | 4532,486,900 |
Salam International Investment Limited Q.P.S.C.
Condensed consolidated statement of financial position (continued) As at 30 September 2025
In Qatari Riyals
30 September | 31 December | |
2025 | 2024 | |
(Not Reviewed) | (AUdited) | |
Equity | ||
Share capital | 1,143,145,870 | 1,143,145,870 |
Legal reserve | 325,126,582 | 325,126,582 |
Fair value reserve | 1,522,161 | (1,481,598) |
Revaluation reserve | 6,016,182 | 1,435,112 |
Retained earnings | 140,307,439 | 108,950,795 |
Equity attributable to owners of the Company | 1,616,118,234 | 1,577,176,761 |
Non-controlling interests | 130,751,300 | 132,107,689 |
Total equity | 1,746,869,534 | 1,709,284,450 |
Liabilities | ||
Borrowings | 1,765,934,340 | 1,753,846,844 |
Lease liabilities | 65,602,439 | 69,914,584 |
Employees' end of service benefits | 54,688,228 | 51,577,575 |
Retention payables | 8,748,947 | 7,079,826 |
Non-current liabilities | 1,894,973,954 | 1,882,418,829 |
Due to related parties | 1,699,660 | 1,288,459 |
Bank overdrafts | 76,479,837 | 58,300,580 |
Borrowin9s | 472,584,941 | 461,471,246 |
Lease liabilities | 11,047,054 | 10,383,246 |
Retention payables | 14,930,234 | 12,858,858 |
Advances from customers | 60,332,563 | 45,099,964 |
Contract liabilities | 61,130,192 | 36,185,551 |
Other liabilities | 111,283,641 | 114,110,665 |
Trade and other payables | 179,655,876 | 201,085,052 |
Current liabilities | 989,143,998 | 940,783,621 |
Total liabilities | 2,884,117,952 | 2,823,202,450 |
Total equity and liabilities | 4,630,987,486 | 4,532,486,900 |
Abdul S Issa Abu Issa
Chief cutive Officer and Board Member
These condensed consolidated interim financial information were approved by the Board of Directors and signed on its behalf by the following on 28 October 2025:
Hekmat Abdel Fattah Younis Chief Financial Officer
Salam International Investment Limited Q.P.S.C.
Condensed consolidated statement of profit or toss For the nine months ended 30 September 2025
In Qatari Riyals For the nine months ended
30 September
2025 (Not Reviewed) | 2024 (NotReiewed) | |
Revenue from con.tract with customers | 1,231,195,944 | 1,140,855,398 |
Real estate revenue | 85.483,774 | 88,958,988 |
Revenue | 1,316,679,718 | 1,229,814,386 |
Operating cost | (956,586,482) | (883,318,594) |
Gross profit | 360,093,236 | 346,495,792 |
Other income | 17,822,312 | 13,238,955 |
General and administrative expenses | (228,555,503) | (222,771,889) |
Allowance for Impairment of financial assets contract assets | (4,951,883) | (22,642,908) |
Net gain on investment properties | 3,273,274 | 3,262,376 |
Operating profit | 147,681,436 | 117,582,326 |
Finance cost | (84,972,043) | (102,623,549) |
Finance income | 11,658,544 | 15,048,728 |
Net finance cost | (73,313,499) | (87,574,821) |
Share of profit of equity-accounted investees, net of tax | 6,224,480 | 6,991,217 |
Profit before tax | 80,592,417 | 36,998,722 |
Income tax expense | (3,324,469) | (326,861) |
Profit for the period | 77,267,948 | 36,671,861 |
Profit attributable to: | ||
Owners of the Company | 74,181,707 | 32,328,489 |
Non-controlling interests | 3,086,241 | 4,343,372 |
Profit for the period | 77,267,948 | 36,671,861 |
Earnings per share | ||
Basic and diluted earnings per share | 0.065 | 0.028 |
3
Salam International Investment Limited Q.P.S.C.
Condensed consolidated statement of other comprehensive income For the nine months ended 30 September 2025
In Qatari Riyals For the nine months ended
30 September
2025 (Not Reviewed) | 2024 (Not Reviewed) | ||
Profit for the period | 77,267,948 | 36,671,861 | |
Other comprehensive income: | |||
ttem that will not be reclassified to profit or loss: | |||
Equity investments at FVOCI - net change in fair value | 3,149,264 | 37,641 | |
Revaluation of property and equipment | 4,581,070 | ||
Other comprehensive income for the period | 7,730,334 | 37,641 | |
Total comprehensive income for the period | 84,998,282 | 3b,709,502 | |
Total comprehensive income attributable to: | |||
Owners of the Company | 81,766,536 | 32,233,756 | |
Non-controlling interests | 3,231,746 | 4,475,746 | |
Total comprehensive income for the period | 84,998,282 | 36,709,502 |
4
Salam International Investment Limited Q.P.S.C.Condensed consolidated statement of changes in equity For the nine months ended 3D September 2025
1n Oatari Riyals
Share capital | Legal reserve (1) | F/iF Vd*UB reserve | Revaluation surplus | Retalnad earnlnga | Total | Non- Interests | Tetal equity | |
Balance at 1 January 2025 (Audited) | 1,143,145,870 | 325,126,582 | (1,481,598) | 1,435,112 | 108,950,795 | 1,577,176,761 | 132,107,689 | 1,709,284,450 |
Total comprehensive income for the period | ||||||||
Profit for the period | 74,101,707 | 74,181,707 | 3,086,241 | 77,267,948 | ||||
Other comprehensive income for the period | 3.003,759 | 4,581,070 | 7.584.829 | 145.505 | 7,730,334 | |||
Total comprehensive income for the period | - | - | 3.003,759 | 4,581,070 | 74,181.707 | 81.766.536 | 3.231,746 | 84,998.282 |
Transactions with owners of the Company Dividends | (45,7?5,635) | (45,725,835) | (45,725,835) | |||||
Net movement in non-controlling interests | 2,465 | 2,465 | ||||||
Acquisition of non-controlling interest without a change in control | 2.900.772 | 2,900.772 | (4.590.600) | |||||
Total transactions with owners of the Company | 42 825,063) | 42,825 063 | ||||||
Balance at 30 Sep 2025 (Not Reviewed) 1.143,145,870 325.126.582 1.522,161 6,016,182 140,307,439 1,616,118,234 130,751,300 1,746,869.534 | ||||||||
Balance at 1 January 2024 (Audited) | 1,143,145,870 | 319,987,382 | (26,704,981) | - | 36,454,600 | 1,472,882,871 | 257,787,082 | 1,730,669,953 |
Total comprehensive income for the period | ||||||||
Profit for the period | 32,328,489 | 32,328,489 | 4,343,372 | 36,671,861 | ||||
Other comprehensive income for the period | (94,733) | - | (94,733) | 132,374 | 37,641 | |||
Total comprehensive income for the period | 32,328,489 | 32,233,756 | 4.475.746 | 3r,¿ng, n¿ | ||||
Reclassification of loss on disposal of investment securities at | ||||||||
FVOCI to retained earnings Transactions with owners of the Company | - | 9,931,913 | (9,931,913) | |||||
Dividends | (34,294,376) | (34,294,376) | (34,294,376) | |||||
Net movement in non-controlling interests | 87,395 | 87,395 | ||||||
Acquisition of non-controlling interest without a change in control | 32.099.618 | 32,099,618 | (51,561,356) | (19,461.738) | ||||
Total transactions with owners of the Company | - | 9,931 ,913 | (12,126,671) | (2,194,758) | (51,473,961) | (53,668,719) | ||
Balance at 30 Sep 2024 (Not Reviewed) | 1.143.145.870 | 319.987.382 | (16,867,801) | - | 56,656,418 | 1,502,921,869 | 210,788,867 | 1,713,710,736 |
(1) The legal reserve will be accounted for at the year end, | ||||||||
5 | ||||||||