Tamkeen Human Resource Co. reported a 38% jump in net earnings to SAR 25.6 million in Q1 2025, compared to SAR 18.6 million a year earlier.
| Item | Q1 2024 | Q1 2025 | Change |
|---|---|---|---|
| Revenues | 145.37 | 242.82 | 67.0 % |
| Gross Income | 30.53 | 49.03 | 60.6 % |
| Operating Income | 17.11 | 25.20 | 47.3 % |
| Net Income | 18.57 | 25.63 | 38.0 % |
| Average Shares | 26.50 | 26.50 | - |
| Earnings Per Share before unusual items (Riyal) | 0.70 | 0.97 | 38.0 % |
| EPS (Riyal) | 0.70 | 0.97 | 38.0 % |
| Item | Q4 2024 | Q1 2025 | Change |
|---|---|---|---|
| Revenues | 213.73 | 242.82 | 13.6 % |
| Gross Income | 32.23 | 49.03 | 52.1 % |
| Operating Income | 14.59 | 25.20 | 72.7 % |
| Net Income | 16.69 | 25.63 | 53.5 % |
| Average Shares | 26.50 | 26.50 | - |
| Earnings Per Share before unusual items (Riyal) | 0.54 | 0.97 | 79.8 % |
| EPS (Riyal) | 0.63 | 0.97 | 53.5 % |
The profit growth was driven by a 98.2% year-on-year (YoY) leap in revenue from the corporate segment and subsidiaries to SAR 95 million.
The group’s total revenue rose by 67% YoY.
Gross profit increased by 60.6% YoY, mainly due to improved performance in the corporate segment and subsidiaries.
Operating profit grew by 47.3% YoY, despite a 52.4% rise in general, administrative, and marketing expenses.
Sequentially, net profit rose by 53.5% from SAR 16.69 million in Q4 2024.
Total shareholders’ equity, no minority interest, stood at SAR 375.3 million as of March 31, 2025, compared to SAR 283.9 million a year earlier.
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