| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 242.8 | 145.4 | 66.987 | 213.7 | 13.617 |
| Gross Profit (Loss) | 49 | 30.5 | 60.655 | 32.2 | 52.173 |
| Operational Profit (Loss) | 25.2 | 17.1 | 47.368 | 14.6 | 72.602 |
| Net profit (Loss) | 26 | 18.5 | 40.54 | 16.9 | 53.846 |
| Total Comprehensive Income | 26 | 18.5 | 40.54 | 15.8 | 64.556 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 375.3 | 283.9 | 32.194 |
| Profit (Loss) per Share | 0.97 | 0.7 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| 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 consolidated company’s revenues for Q1 2025 increased by SAR 97.4 million, representing a growth of 67.0% compared to the same quarter of the previous year. This increase is primarily attributable to |
The corporate segment and the company’s subsidiaries recorded a significant increase in service revenues, rising by 98.2%, equivalent to SAR 95.0 million. This growth was primarily driven by a 106.6% increase in the average number of resources, in response to growing client demand across various corporate segment activities. Additionally, the individual segment’s revenues increased by 5.0%, supported by a 4.4% rise in the average number of resources
A 67.0% increase in the Group’s revenues compared to the same quarter of the previous year.
Gross profit increased by 60.6% compared to the same period last year, driven by the improved performance of the corporate segment and the company’s subsidiaries. Revenues from this segment grew by 98.2%, resulting in an 87.1% increase in gross profit. In contrast, the individual segment recorded an 8.4% decline in gross profit, mainly due to service price caps and other regulatory requirements
Operating profit increased by 47.3% compared to Q1 of the previous year, despite a 52.4% rise in general and administrative expenses and marketing expenses. The increase in expenses was mainly driven by higher provisions for losses on advance payments to external recruitment agencies, as well as increased marketing expenses related to the individual segment (contractual/hourly). In addition, the expected credit loss (ECL) provision increased by SAR 3.7 million, based on the ECL model prepared by the external advisor, in alignment with the rise in trade receivables — a direct result of the company’s revenue growth
The corporate segment and the company’s subsidiaries recorded a notable revenue growth of 15.2%, equivalent to SAR 25.4 million. This increase was driven by a 15.5% rise in the average number of resources, in response to growing client demand across various corporate activities. Additionally, the individual segment revenues grew by 7.9%, supported by a 6.9% increase in the average number of resources and the positive impact of seasonal factors
A 13.6% increase in the consolidated company’s revenues compared to the previous quarter.
Gross profit increased by 52.1% compared to the previous quarter, driven by the improved performance of the corporate segment and the company’s subsidiaries. Revenues from this segment grew by 15.2%, resulting in a 63.7% increase in its gross profit. The individual segment also recorded a 10.7% increase in gross profit, mainly due to higher utilization rates influenced by seasonal factor
- Operating profit increased by 72.7% compared to the previous year, despite a 25.6% rise in general and administrative expenses and marketing expenses. The increase in expenses was mainly driven by higher provisions for losses on advance payments to external recruitment agencies. In addition, the expected credit loss (ECL) provision increased by SAR 2.2 million, based on the ECL model prepared by the external advisor, in line with the increase in trade receivables — a direct result of the company’s revenue growth
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