WSM profit plunges 74% to SAR 812,000 in H1 2026

01/09/2026 Argaam Exclusive

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WSM for Information Technology Co. reported a net profit of SAR 812,000 in H1 2026, a 74% drop compared to SAR 3.1 million in the year-earlier period.



Current Half Annual Comparison (Million Riyal)

Compared With The
Item H1 2025 H1 2026 Change‬
Revenues 28.16 20.40 (27.6 %)
Gross Income 9.44 5.32 (43.7 %)
Operating Income 3.71 1.27 (65.8 %)
Net Income 3.11 0.81 (73.9 %)
Average Shares 2.86 2.86 -
Earnings Per Share before unusual items (Riyal) 1.09 0.28 (73.9 %)
EPS (Riyal) 1.09 0.28 (73.9 %)

The annual profit decline was mainly attributed to the revenue fall to SAR 20.39 million, due to a 54.8% decrease year-on-year in revenue from the government sector. This came amid lower government project awards, translating into the variance in the levels of work executed by the company during the six-month period.

 

Revenue from the private sector, on the other hand, rose by 147.9% during H1 2026 to SAR 9.38 million, compared to SAR 3.78 million in the same period a year earlier, reflecting the continued diversification of the company's revenue mix.

 

Sequentially, however, WSM’s profit rose 18.5% from SAR 690,000 in H2 2025.

 

Total shareholders’ equity, no minority interest, reached SAR 49.89 million by the end of H1 2026, compared to SAR 48.65 million a year earlier.

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Share Price

WSM for Information Technology Co.
17.00
(0.10) (0.58 %)

WSM for Information Technology Co. (WSM)

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Financial Ratios
Current
Market Cap (M Riyal) 48.62
Enterprise Value (EV) (M Riyal) 40.07
Shares Outstanding ((M)) 2.86
Recurring EPS ( Riyal) (TTM) 0.52
Book Value (BV) ( Riyal) 17.45
Par Value ( Riyal) 10.00
Recurring P/E (TTM) 32.45
P/E (TTM) 32.45
Price/book 0.97
Dividend Yield (%) (Last Year) -
Return on Average Assets (%) (TTM) 2.1
Return on Average Equity (%) (TTM) 3.0
EV/Revenues 0.94
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