Tamkeen earns SAR 77M in 9M 2025, SAR 24M in Q3

Net profit, before minority interest, stood at SAR 77.2 million in the nine-month period, up from SAR 62.7 million in the first nine months of 2024.

The profit growth was primarily attributed to a 49.9% year-on-year (YoY) increase in consolidated revenues during the first nine months of 2025, thanks to a 65.6% surge in corporate and subsidiary revenues, supported by an 84.3% increase in average workforce.

Tamkeen also reported a 10.3% increase YoY in individual segment revenues, following a 6% rise in average workforce.

Gross profit rose 48.5% YoY in the corporate segment and 26.7% YoY in the individual segment, while operating profit grew 54.3% YoY.

However, these gains were partially offset by a 17.1% increase in general and administrative (G&A) as well as marketing expenses, mainly due to higher provisions for advances to external recruitment offices, increased salaries and benefits from human capital investments.

Tamkeen recorded a SAR 10.4 million decline in non-operating income. Excluding these one-off capital gains, net profit would have grown by 45.3% (SAR 24.1 million) YoY.

In Q3, Tamkeen’s net earnings declined by 8.3% to SAR 24 million, from SAR 26.3 million in the third quarter of 2024, hurt by lower non-operating income.

Similarly, net earnings decreased by 9.4% quarter-on-quarter (QoQ) from SAR 26.7 million in Q2 2025.

Total shareholders’ equity, after minority interest, reached SAR 334 million as of Sept. 30, 2025, up from SAR 327.2 million a year earlier.

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