Saudi Azm profit rises 37% to SAR 34.7M in 9M 2025/26; Q3 at SAR 10.9M

Saudi AZM for Communication and Information Technology Co. reported a net profit of SAR 34.7 million for the nine months ended March 31, 2026, an increase of 37% compared to SAR 25.4 million in the prior-year period.

The profit growth was attributed to a 16.55% year-on-year (YoY) increase in revenue to SAR 220.41 million, driven mainly by new project awards and higher income from existing projects, which led to a SAR 14.63 million rise in gross profit.

This was further supported by a SAR 0.14 million decline in financing costs, a SAR 0.76 million increase in other income, and a SAR 0.92 million reduction in Zakat and income tax expenses.

Meanwhile, Saudi Azm noted a SAR 5.71 million increase in operating expenses and a SAR 2.84 million decline in the company’s share from associates.

Q3 2025/26 net earnings reached SAR 10.9 million, soaring 36.7% from SAR 8 million in the same period last year.

Sequentially, the three-month revenue climbed 12.5% from SAR 9.73 million in Q2 2026.

Total shareholders' equity, after minority interest, reached SAR 160.16 million by the end of the current period, up from SAR 128 million a year before.