Saudi Azm profit leaps 43% to SAR 25.8M in 9M 2024/25; Q3 at SAR 8.4M

Saudi Azm for Communication and Information Technology Co. reported a net profit of SAR 25.8 million for the nine-month period ended on March 31, 2025, leaping 43% from SAR 18 million a year earlier.

Revenue increased by 22.37% year-on-year (YoY) to SAR 189.10 million during the period, due to securing new projects and materialization of more revenue from existing projects.

The company also cited an increase in gross profit by SAR 13.79 million, along with a rise in share of results from investment in associates by SAR 1.52 million and an increase in other income by SAR 2.68 million.

This was offset by a rise in operating expenses by SAR 9.96 million and an increase in finance cost by SAR 0.76 million and growth in Zakat and income tax expenses by SAR 0.43 million.

The three-month net earnings reached SAR 8.4 million, soaring 47.18% from SAR 4.60 million in the same period last year, driven mainly by higher revenue, gross profit, and other income.

Total shareholders' equity, after minority interest, reached SAR 128.06 million by the end of the current period, up from SAR 88.59 million a year before.

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