7202 · 27/04/2026 08:07:01 · Announcement #94687 · View on Saudi Exchange

Arabian Internet and Communications Services Company (solutions) announces its interim condensed consolidated financial results for the period ending on 31-03-2026 (three months)

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 3,0022,8246.3033,907-23.163
Gross Profit (Loss) 586616-4.87699-16.165
Operational Profit (Loss) 3993717.54736210.22
Net Profit (Loss) Attributable to Shareholders of the Issuer 3703612.49327932.616
Total Comprehensive Income Attributable to Shareholders of the Issuer 332353-5.94929014.482
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Total Shareholders Equity (after Deducting Minority Equity) 4,6224,3645.912
Profit (Loss) per Share 3.113.03
All figures are in (Millions) Saudi Arabia, Riyals
Element ListAmountPercentage 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 ListExplanation
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 increase in revenues for the current quarter by 6.3% as compared to the comparable quarter of last year was mainly due to the increase in each of Core ICT Services by 10.1%, IT Managed and Operational Services by 3.6%, and Digital Services by 1.0%.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The increase in net profit for the current quarter by SAR 9.7 million as compared to the comparable quarter of last year was mainly due to:

- The decrease in operating expenses by SAR 58.6 million, as a result of the decrease in each of selling and distribution expenses by SAR 48.3 million, and general and administration expenses by SAR 10.3 million.

On the other side:

- Gross profit decreased by SAR 30.7 million, as a result of the increase in cost of revenues by SAR 209.3 million, despite the increase in revenues by SAR 178.6 million.

- Total other income decreased by SAR 10 million, mainly due to the decrease in finance income by SAR 18 million.

- Zakat and tax charge increased by SAR 5 million.The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The decrease in revenues for the current quarter by 23.2% as compared to the previous quarter was mainly due to the decrease in each of Core ICT Services by 28.7%, IT Managed and Operational Services by 11.9%, and Digital Services by 25.7%.The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The increase in net profit for the current quarter by SAR 91 million as compared to the previous quarter was mainly due to:

- The decrease in operating expenses by SAR 150.1 million, as a result of the decrease in each of selling and distribution expenses by SAR 103.5 million, and general and administration expenses by SAR 46.6 million.

-The increase in total other income / (expenses) by SR 43.4 million, primarily driven by foreign exchange gains in the current quarter and higher other expenses related to early retirement program in the previous quarter.

-The decrease in zakat and tax charge by SAR 4 million.

On the other side:

-The gross profit decreased by SAR 113.2 million as a result of the decrease in revenues by SAR 904.7 million which was offset by a decrease in cost of revenues by SAR 791.5 million.Statement of the type of external auditor's report Unmodified conclusionComment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) 0Reclassification of Comparison Items 0Additional Information Earnings before interest, taxes, zakat, depreciation and amortization (EBITDA) for the current quarter amounted to SAR 492 million as compared to SAR 448 million for the comparable quarter of last year, with an increase of 9.8%.

Basic earnings per share (EPS) was calculated based on the weighted average number of ordinary traded shares which stands at 119,041 shares (in thousand) for the three-months period ended in 31st March 2026.

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