Saudi Azm profits soar 30% to SAR 13.4M in Q1 2025/26

Saudi Azm for Communication and Information Technology Co. posted a 30% profit hike to SAR 13.4 million (after minority interest) during the first quarter of FY 2025/26, compared to SAR 10.4 million in the year before.

The company attributed the year-on-year (YoY) rise in the first-quarter profit to a 15.3% annual revenue jump to SAR 69.95 million, driven primarily by new project awards and higher income from existing contracts.

As a result, the three-month gross profit increased by SAR 5.98 million.

The company also reported a SAR 240,000 decline in financing costs, alongside a SAR 1.29 million rise in other income and a drop of SAR 230,000 in Zakat expenses during Q1 2025/26.

This came despite a SAR 3.65 million increase in operating expenses and a SAR 1.02 million decline in the share of results from associates.

Compared to the previous quarter, net profit climbed by 8.7% from SAR 12.3 million as topline improved by 9.21% quarter-on-quarter (QoQ) to SAR 69.95 million.

In addition, the first-quarter gross profit rose by SAR 6.50 million on a sequential basis, thanks to higher revenues. Other income also increased by SAR 70,000 QoQ.

Meanwhile, operating expenses surged by SAR 3.04 million QoQ during Q1 2025/26.  

Total shareholders’ equity, after minority interest, reached SAR 156.09 million as of Sept. 30, 2025, up from SAR 98.73 million a year earlier.

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