Financial Results : Saudi Azm profit leaps 43% to SAR 25.8M in 9M 2024/25; Q3 at SAR 8.4M

Saudi Azm profit leaps 43% to SAR 25.8M in 9M 2024/25; Q3 at SAR 8.4M

05/05/2025 Argaam Exclusive

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Saudi Azm for Communication and Information Technology Co. reported a net profit of SAR 25.8 million for the nine-month period ended on March 31, 2025, leaping 43% from SAR 18 million a year earlier.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 154.53 189.10 22.4 %
Gross Income 41.37 55.16 33.3 %
Operating Income 19.81 23.64 19.3 %
Net Income 17.93 25.39 41.6 %
Average Shares 60.00 60.00 -
Earnings Per Share before unusual items (Halala) 29.88 42.32 41.6 %
EPS (Halala) 29.88 42.32 41.6 %

Revenue increased by 22.37% year-on-year (YoY) to SAR 189.10 million during the period, due to securing new projects and materialization of more revenue from existing projects.

 

The company also cited an increase in gross profit by SAR 13.79 million, along with a rise in share of results from investment in associates by SAR 1.52 million and an increase in other income by SAR 2.68 million.

 

This was offset by a rise in operating expenses by SAR 9.96 million and an increase in finance cost by SAR 0.76 million and growth in Zakat and income tax expenses by SAR 0.43 million.

 

Quarterly Comparison (YoY)

 

Period

Q3 2023/2024

Q3 2024/2025

Change

Revenue

(SAR mln)

54.68

64.47

17.90

Gross Income

 (SAR mln)

15.60

19.87

27.37

Operating Income

(SAR mln)

5.57

7.69

37.99

Net Income

(SAR mln)

4.60

8.40

47.18

Average Number

of Shares (mln)

60.00

60.00

--

Earnings Per

Share (SAR)

0.08

0.14

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Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 54.68 64.47 17.9 %
Gross Income 15.60 19.87 27.4 %
Operating Income 5.57 7.69 38.0 %
Net Income 4.51 8.01 77.5 %
Average Shares 60.00 60.00 -
Earnings Per Share before unusual items (Halala) 7.52 13.35 77.5 %
EPS (Halala) 7.52 13.35 77.5 %

The three-month net earnings reached SAR 8.4 million, soaring 47.18% from SAR 4.60 million in the same period last year, driven mainly by higher revenue, gross profit, and other income.

 

Total shareholders' equity, after minority interest, reached SAR 128.06 million by the end of the current period, up from SAR 88.59 million a year before.

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