Financial Results : Dar Albalad posts 28% profit growth to SAR 50.5M in 2025

Dar Albalad posts 28% profit growth to SAR 50.5M in 2025

22/04/2026 Argaam Exclusive

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Dar Albalad For Business Solutions Co., which will list shares soon on TASI, reported a net profit rise of 28% to SAR 50.5 million in 2025, compared to SAR 39.6 million in 2024.



Financials (M)

Item 2024 2025 Change‬
Revenues 243.33 315.35 29.6 %
Gross Income 45.68 63.07 38.1 %
Operating Income 39.61 50.77 28.2 %
Net Income 39.61 50.54 27.6 %
Average Shares 70.00 70.00 -
Earnings Per Share before unusual items (Riyals) 0.57 0.72 27.6 %
EPS (Riyal) 0.57 0.72 27.6 %

The company said topline rose 21% year-on-year (YoY) to SAR 294.7 million, driven mainly by a 21% increase in IT services revenue, alongside higher income from consulting and managed services.

 

EBITDA improved to SAR 44.9 million, up from SAR 40 million in the same period last year.

 

Finance costs declined 36% YoY. Dar Albalad also recorded SAR 6 million in contributions from GSC Solutions following its acquisition, in addition to higher investment income. This supported an increase in net profit margin to 17% from 16%.

However, gross profit margin declined to 17.8% in 2025 from 18.9% a year earlier, as the cost of revenue rose 23%, mainly due to higher managed IT services costs, despite revenue growth.

 

General and administrative expenses increased to SAR 7.8 million, weighing on operating margin, which eased to 15% from 16%.

 

Total shareholders' equity - no minority interest - reached SAR 170.82 million as of Dec. 31, 2025, up from SAR 104.67 million a year earlier.

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