Financial Results : Alqemam 2025 profit falls 48% to SAR 4.8M; H2 at SAR 14.3M

Alqemam 2025 profit falls 48% to SAR 4.8M; H2 at SAR 14.3M

31/03/2026 Argaam Exclusive

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Alqemam for Computer Systems Co. reported a net profit of SAR 4.8 million in 2025, a 48% decline from SAR 9.3 million in 2024.



Financials (M)

Item 2024 2025 Change‬
Revenues 49.69 50.98 2.6 %
Gross Income 30.47 26.97 (11.5 %)
Operating Income 10.42 6.78 (35.0 %)
Net Income 9.25 4.77 (48.4 %)
Average Shares 3.00 3.00 -
Earnings Per Share before unusual items (Riyals) 3.08 1.59 (48.4 %)
EPS (Riyal) 3.08 1.59 (48.4 %)

The profit decline is attributed to a 25% increase in the cost of sales due to higher recruitment costs related to development operations, increased amortization costs of software and intangible assets, and higher general and administrative expenses, as well as selling and marketing expenses.

 

The company also recognized an expected credit loss provision of SAR 14.86 million in 2025, in accordance with accounting policies to mitigate risk levels.

 

This is in addition to higher finance costs in 2025, along with elevated Zakat and income tax expenses.

 

These negatives were partially offset by higher revenue during the same year.



Current Half Annual Comparison (M)

Compared With The
Item H2 2024 H2 2025 Change‬
Revenues 33.21 45.25 36.2 %
Gross Income 21.85 28.92 32.4 %
Operating Income 4.85 16.03 230.4 %
Net Income 4.66 14.31 207.1 %
Average Shares 3.00 3.00 -
Earnings Per Share before unusual items (Riyal) 1.55 4.77 207.1 %
EPS (Riyal) 1.55 4.77 207.1 %

In H2 2025, net earnings tripled to SAR 14.3 million, from SAR 4.7 million in H2 2024.

 

Sequentially, the company turned to a profit against a loss of SAR 9.53 million in H1 2025.

 

Total shareholders’ equity, excluding minority interest, reached SAR 84.26 million as of Dec. 31, 2025, up from SAR 79.65 million a year earlier.

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