| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 12,730 | 12,064 | 5.52 | ||
| Gross Profit (Loss) | 2,678 | 2,783 | -3.77 | ||
| Operational Profit (Loss) | 1,641 | 1,661 | -1.2 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 1,503 | 1,597 | -5.89 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 1,458 | 1,389 | 4.97 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 4,287 | 4,008 | 6.96 | ||
| Profit (Loss) per Share | 12.62 | 13.42 | |||
| 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 year compared to the last year | The increase in revenues for the year 2025 by 5.5% as compared to last year was mainly due to the increase in each of IT Managed and Operational Services by 10.4%, Core ICT Services by 3.2%, and Digital Services by 2.8%. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The decrease in net profit for the year 2025 by SAR 94 million as compared to the last year was mainly due to: |
- The decrease in gross profit by SAR 105 million, as a result of the increase in cost of revenues by SAR 771 million, despite the increase in revenues by SAR 666 million.
- The increase in zakat and tax charge by SAR 93 million, mainly due to reversal of zakat provision related to prior periods after finalized the assessment by ZATCA in the last year.
On the other side:
- Operating expenses decreased by SAR 86 million, as a result of the decrease in selling and distribution expenses by SAR 97 million, despite the increase in general and administration expenses by SAR 11 million.
- The recording of total other income in an amount of SAR 3 million as compared to other expenses SAR (19) million, mainly due to the decrease in net other expenses by SAR 40 million, as result of the recording of one-off non-operating expense during the last year related to the early retirement program.
Notably, during the last year, the net profit includes the impact related to zakat provision reversal of SAR 104 million, and a one-off non-operating income of SAR 68 million, and when excluding the non- recuring items the net profit growth will be around 6%
The consolidated financial statements of the Group for the year ended 31 December 2024 were audited and reviewed by another auditor who expressed an unmodified opinion on those statements on 24 February 2025.
Basic earnings per share (EPS) was calculated based on the weighted average number of ordinary traded shares which stands at 119,024 shares (in thousand) for the twelve-months period ended in 31st December 2025.
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