Financial Results : 2P posts 9% rise in Q1 2025 earnings to SAR 32.3M

2P posts 9% rise in Q1 2025 earnings to SAR 32.3M

08/05/2025 Argaam Exclusive

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Perfect Presentation for Commercial Services Co. (2P) posted a net profit of SAR 32.3 million in Q1 2025, up 9% from SAR 29.7 million a year earlier.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 219.49 289.44 31.9 %
Gross Income 54.79 62.96 14.9 %
Operating Income 41.87 41.70 (0.4 %)
Net Income 29.68 32.29 8.8 %
Average Shares 300.00 300.00 -
Earnings Per Share before unusual items (Riyal) 0.10 0.11 8.8 %
EPS (Riyal) 0.10 0.11 8.8 %

Revenue from most business lines increased. Call center services revenue rose to SAR 90 million in Q1 2025, while revenue from operation and maintenance services grew to SAR 98 million.

 

Software licenses and development segment also saw a rise in revenue to SAR 74 million, and managed services revenue went up to SAR 23 million. Further, revenue from cybersecurity services increased to SAR 3 million in the first quarter.

 

Finance costs declined to SAR 7.7 million, compared to SAR 10.8 million a year before.

 

On a quarterly basis, net earnings dropped 14.9% from SAR 37.93 million in Q4 2024, hurt mainly by lower revenue.

 

Total shareholders’ equity, no minority interest, rose to SAR 577.71 million as of March 31, 2025, from SAR 410.97 million a year earlier.

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