Amwaj International posts 16% fall in H1 2025 earnings to SAR 3.5M

Amwaj International Co. reported a net profit of SAR 3.5 million for the first half of 2025, down 16% from SAR 4.2 million in the same period last year.

The company attributed the profit decline year-on-year (YoY) to higher direct sales costs, as well as start-up and transition expenses related to the launch of new contracts. This was also in addition to a shift in the sales mix toward contracts with lower margins during their initial phase.

Additionally, a slight drop in other income weighed on results.

These are considered temporary operational factors expected to ease as execution stabilizes and resource utilization improves.

However, the company's revenues in the six-month period increased by 1.24%, mainly driven by growth with existing clients and contract renewals with an expanded scope of services, as well as securing new contracts.

The net earnings leapt 58.6% from SAR 2.20 million in H2 2024.

Shareholders’ equity, no minority interests, stood at SAR 133.96 million by the end of H1 2025, compared with SAR 133.84 million a year earlier.

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