SMASCO earnings decline to SAR 70M in H1 2025; Q2 at SAR 29.5M

10/08/2025 Argaam Exclusive

Content Summary:

Loading data...

Comments Analysis:

Positive: 0%
Neutral: 0%
Negative: 0%
Comments Summary:Loading data...
Please note that this news summary has been generated using artificial intelligence. It is recommended to review the original sources for complete details and to verify the accuracy of the information.

Saudi Manpower Solutions Co. (SMASCO) said net profit fell to SAR 70 million in H1 2025, compared to SAR 74 million a year earlier.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 953.82 1,011.80 6.1 %
Gross Income 112.04 136.15 21.5 %
Operating Income 76.82 81.80 6.5 %
Net Income 74.09 70.01 (5.5 %)
Average Shares 400.00 400.00 -
Earnings Per Share before unusual items (Riyals) 0.19 0.18 (5.5 %)
EPS (Riyal) 0.19 0.18 (5.5 %)

The decline in profit was due to a 4.1% year-on-year (YoY) fall in revenue from other sectors. The company reported a SAR 4.9 million (19%) increase in administrative expenses from higher consulting, IT, and cybersecurity costs, and a SAR 1.5 million (16.5%) rise in marketing expenses.

 

The company also recorded SAR 7.5 million in investment losses from the launch of Waad Home Services, SAR 6.8 million in additional provisions for trade receivables, and SAR 5.9 million in impairment losses on supplier advances.

 

This was despite a 6.1% YoY increase in H1 2025 revenue, driven by 5.1% growth in the business sector and 11.7% growth in the individual sector on the back of stronger demand for workforce services.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 476.62 513.80 7.8 %
Gross Income 52.27 66.66 27.5 %
Operating Income 36.69 35.55 (3.1 %)
Net Income 35.82 29.53 (17.6 %)
Average Shares 400.00 400.00 -
Earnings Per Share before unusual items (Riyal) 0.09 0.07 (17.6 %)
EPS (Riyal) 0.09 0.07 (17.6 %)

The second-quarter net earnings dropped 17.6% to SAR 29.5 million, from SAR 35.82 million in Q2 2023.

 

Sequentially, the bottom line fell 27.1% from SAR 40.49 million in Q1 2025.

 

Shareholders’ equity, excluding minority interest, reached SAR 613.9 million by the end of the current period, rising from SAR 599.3 million a year earlier.

View more financial results

 

View other reports

Share Price

Saudi Manpower Solutions Co.
6.04
(0.02) (0.33 %)

Saudi Manpower Solutions Co. (SMASCO)

More


Financial Ratios
Current
Market Cap (M Riyal) 2,416.00
Enterprise Value (EV) (M Riyal) 2,148.24
Shares Outstanding ((M)) 400.00
EPS ( Riyal) (TTM) 0.31
Book Value (BV) ( Riyal) 1.53
Par Value ( Riyal) 1.00
Recurring P/E 19.75
P/E (TTM) 19.75
Price/book 3.94
Return on Average Assets (%) (TTM) 10.9
Return on Average Equity (%) (TTM) 20.2
EV/adj EBITDA 11.99
EV/Revenues 1.10
more

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request