Naseej for Technology Co. (Naseej Tech) reported a net profit of SAR 0.1 million for the first half of 2025, excluding minority interest, compared with a net loss of SAR 0.96 million in the same period last year.
Item | H1 2024 | H1 2025 | Change |
---|---|---|---|
Revenues | 103.55 | 100.18 | (3.3 %) |
Gross Income | 21.89 | 23.00 | 5.1 % |
Operating Income | 2.28 | 2.24 | (1.8 %) |
Net Income | (0.96) | 0.11 | 111.7 % |
Average Shares | 5.00 | 5.00 | - |
Earnings Per Share before unusual items (Riyal) | (0.19) | 0.02 | 111.7 % |
EPS (Riyal) | (0.19) | 0.02 | 111.7 % |
Item | H2 2024 | H1 2025 | Change |
---|---|---|---|
Revenues | 143.26 | 100.18 | (30.1 %) |
Gross Income | 37.50 | 23.00 | (38.7 %) |
Operating Income | 13.69 | 2.24 | (83.7 %) |
Net Income | 4.77 | 0.11 | (97.6 %) |
Average Shares | 5.00 | 5.00 | - |
Earnings Per Share before unusual items (Riyal) | 2.35 | 0.02 | (99.0 %) |
EPS (Riyal) | 0.95 | 0.02 | (97.6 %) |
Before minority interest, net profit stood at SAR 482,000, against a loss of SAR 975,000 a year earlier.
Revenue decreased by 3.26% year-on-year, as the company cited delays in signing newly awarded contracts. However, it recorded a higher gross profit margin.
Shareholders’ equity, after minority interest, reached SAR 133.9 million by June 30, 2025, compared to SAR 126.6 million in a year earlier period.
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