Financial Results : Elm’s net profit grows 14% to SAR 2.09B in 2025; Q4 at SAR 446M

Elm’s net profit grows 14% to SAR 2.09B in 2025; Q4 at SAR 446M

01/03/2026 Argaam Exclusive

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Elm Co. reported a net profit of SAR 2.09 billion in 2025, an increase of 14% compared to SAR 1.82 billion a year earlier.


Financials (M)

Item 2024 2025 Change‬
Revenues 7,406.79 9,464.89 27.8 %
Gross Income 3,025.72 3,677.55 21.5 %
Operating Income 1,700.45 2,029.95 19.4 %
Net Income 1,826.87 2,090.35 14.4 %
Average Shares 80.00 80.00 -
Earnings Per Share before unusual items (Riyals) 22.05 25.26 14.6 %
EPS (Riyal) 22.84 26.13 14.4 %

This was driven by a 27.78% year-on-year (YoY) revenue increase, and a SAR 37 million decrease in expected credit loss expenses.

 

Furthermore, the Zakat expense decreased by SAR 81 million as a result of the prior years provision reversal amounting to SAR 69 million.

 

Operating expenses increased by 23.65% as general, administrative, selling, marketing depreciation and amortization expenses rose. The company also logged an increase in research and development expenses, in addition to higher impairment of non-current assets.



Current Quarter Comparison (M)

Compared With The
Item Q4 2024 Q4 2025 Change‬
Revenues 2,129.23 2,807.70 31.9 %
Gross Income 843.00 879.40 4.3 %
Operating Income 408.17 461.67 13.1 %
Net Income 497.61 446.25 (10.3 %)
Average Shares 80.00 80.00 -
Earnings Per Share before unusual items (Riyal) 5.44 5.58 2.6 %
EPS (Riyal) 6.22 5.58 (10.3 %)
Q4 2025 profit dropped 10.4% to SAR 446 million, compared to SAR 497.6 million in the prior-year period.
On a sequential basis, net profit fell by 20.2% from SAR 558.7 million in Q3 2025.
Total shareholders’ equity (no minority interest) amounted to SAR 3.62 billion as of Dec. 31, 2025, compared to SAR 5.29 billion in a year earlier period.
 

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