Financial Results : IHR posts SAR 7M profit in 9M 2025

IHR posts SAR 7M profit in 9M 2025

11/11/2025 Argaam Exclusive

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International Human Resources Co. (IHR) reported a net profit of SAR 7 million for the first nine months of 2025, compared to SAR 747,000 in the same period of 2024.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 124.72 223.13 78.9 %
Gross Income 14.58 24.35 67.0 %
Operating Income 2.78 9.34 236.0 %
Net Income 0.75 6.97 832.4 %
Average Shares 50.00 50.00 -
Earnings Per Share before unusual items (Halala) 1.49 13.93 832.4 %
EPS (Halala) 1.49 13.93 832.4 %

The company attributed profit growth during the current period to a 78.91% year-on-year (YoY) increase in revenue, driven by the company’s expansion in the manpower outsourcing segment through an increase in workforce deployment across existing projects, as well as the signing of strategic contracts with new clients in the same sector. The rise in consulting segment revenue also contributed to the overall growth.

 

In addition, it reported an 832% increase in gross profit YoY, mainly due to the absence of certain non-recurring expenses recorded in the comparative period. The rise was also supported by higher gross profit in the manpower outsourcing, recruitment, and consulting segments, reflecting stronger demand in these areas.

 

The company added that shareholders’ equity (excluding minority interest) amounted to SAR 56.52 million at the end of the period, compared to SAR 49.41 million a year earlier.

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