Financial Results : IHR posts 48% jump in H1 2025 net profit to SAR 4.8M

IHR posts 48% jump in H1 2025 net profit to SAR 4.8M

10/08/2025 Argaam Exclusive

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International Human Resources Co. (IHR) generated a net profit of SAR 4.8 million in the first half of 2025, an increase of 48% from SAR 3.3 million in the year-earlier period.



Current Half Annual Comparison (M)

Compared With The
Item H1 2024 H1 2025 Change‬
Revenues 76.49 143.84 88.0 %
Gross Income 11.79 16.50 39.9 %
Operating Income 4.44 6.53 46.9 %
Net Income 3.27 4.85 48.1 %
Average Shares 50.00 50.00 -
Earnings Per Share before unusual items (Halala) 6.55 9.69 48.1 %
EPS (Halala) 6.55 9.69 48.1 %

The first-half net earnings were fueled by the company’s expansion in the manpower support sector by increasing the number of workers for existing projects. IHR also signed strategic contracts with new clients in the same sector.

 

Additionally, gross profit climbed by 47.7% year-on-year.

 

Total shareholders’ equity, after minority interest, rose to SAR 54.29 million as of June 30, 2025, from SAR 45.11 million a year earlier.



Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 - - - - - -
H2 2020 - - - - - -
H1 2021 41.41 - 8.90 - 3.19 -
H2 2021 36.58 - 6.77 - 0.02 -
H1 2022 39.20 (5.3 %) 8.99 1.1 % 2.40 (24.8 %)
H2 2022 38.04 4.0 % 7.24 6.9 % 4.34 19616.4 %
H1 2023 47.82 22.0 % 8.79 (2.3 %) 2.37 (1.2 %)
H2 2023 64.27 69.0 % 9.17 26.6 % 1.84 (57.7 %)
H1 2024 76.49 60.0 % 11.79 34.2 % 4.44 87.4 %
H2 2024 115.77 80.1 % 19.06 107.8 % 6.29 242.3 %
H1 2025 143.84 88.0 % 16.50 39.9 % 6.53 46.9 %


Profit Performance (Million)

Period Net Income Change EPS(Halala) Extraordinary Income/Expense Net Profit Before Unusual Items EPS(Halala)
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 - - - - - -
H2 2020 - - - - - -
H1 2021 3.00 - 6.01 - 3.00 6.01
H2 2021 (0.54) - (1.09) - (0.54) (1.09)
H1 2022 3.72 23.8 % 7.43 - 3.72 7.43
H2 2022 0.58 207.5 % 1.17 (1.51) 2.09 4.18
H1 2023 1.65 (55.5 %) 3.31 - 1.65 3.31
H2 2023 0.88 50.5 % 1.76 - 0.88 1.76
H1 2024 3.27 97.9 % 6.55 - 3.27 6.55
H2 2024 5.12 482.3 % 10.25 - 5.12 10.25
H1 2025 4.85 48.1 % 9.69 - 4.85 9.69

Profitability

Period Gross Margin Adjusted EBITDA margin Net Margin Before Unusual Items
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
H1 2021 - - -
H2 2021 20.09 % 5.12 % 3.15 %
H1 2022 20.81 % 4.11 % 4.19 %
H2 2022 21.02 % 9.62 % 7.52 %
H1 2023 18.67 % 8.60 % 4.36 %
H2 2023 16.02 % 4.39 % 2.26 %
H1 2024 14.89 % 5.06 % 2.95 %
H2 2024 16.05 % 6.00 % 4.37 %
2024 16.05 % 6.27 % 4.37 %
H1 2025 13.69 % 5.40 % 3.84 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Halala) Earnings Per Share before unusual items (Halala) Book Value (BV)
H1 2016 - - - -
H2 2016 - - - -
H1 2017 - - - -
H2 2017 - - - -
H1 2018 - - - -
H2 2018 - - - -
H1 2019 - - - -
H2 2019 - - - -
H1 2020 - - - -
H2 2020 - - - -
H1 2021 50.00 - - 0.38
H2 2021 50.00 4.92 4.92 0.38
H1 2022 50.00 6.35 6.35 0.45
H2 2022 50.00 8.60 11.61 0.77
H1 2023 50.00 4.48 7.49 0.83
H2 2023 50.00 5.07 5.07 0.83
H1 2024 50.00 8.31 8.31 0.90
H2 2024 50.00 16.79 16.79 0.99
H1 2025 50.00 19.94 19.94 1.09

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Recurring P/E Price/book
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
H1 2021 - - -
H2 2021 - - -
H1 2022 - - -
H2 2022 32.60 24.15 3.67
H1 2023 66.33 39.66 3.58
H2 2023 77.74 77.74 4.73
H1 2024 50.56 50.56 4.65
H2 2024 28.70 28.70 4.85
H1 2025 30.14 30.14 5.51

Business Segments (Million)

Compared With The
Period Salaries and wages Operating fees Training and Consulting
H1 2023 36.73 11.09 -
H2 2023 52.83 11.43 -
H1 2024 66.46 10.03 -
H2 2024 96.54 18.86 0.38
H1 2025 128.29 15.16 0.38

Current
Market Cap (M Riyal) 255.00
Enterprise Value (EV) (M Riyal) 262.56
Shares Outstanding ((M)) 50.00
Book Value (BV) ( Riyal) 1.19
Par Value ( Halala) 50.00
Recurring P/E 17.86
Price/book 4.28
EV/adj EBITDA -
EV/Revenues 0.81

Share Price

International Human Resources Co. (ALDAWLIAH)


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