Financial Results : Sure profit drops 13% to SAR 14.1M in H1 2025

Sure profit drops 13% to SAR 14.1M in H1 2025

31/08/2025 Argaam Exclusive

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Sure Global Tech Co. reported a net profit of SAR 14.1 million in H1 2025, down 13% from SAR 16.2 million a year earlier.



Current Half Annual Comparison (M)

Compared With The
Item H1 2024 H1 2025 Change‬
Revenues 102.42 146.90 43.4 %
Gross Income 32.07 30.10 (6.2 %)
Operating Income 18.79 16.83 (10.5 %)
Net Income 16.17 14.14 (12.6 %)
Average Shares 7.69 7.69 -
Earnings Per Share before unusual items (Riyal) 2.10 1.84 (12.6 %)
EPS (Riyal) 2.10 1.84 (12.6 %)

The profit decline was attributed to higher revenue costs, which were caused by increased prices for certain services provided to customers in H1 2025.

 

In addition, the company reported lower returns from an associate, recording a loss of SAR 1.61 billion, along with a decrease in other income.

 

Revenues, however, rose 43.42% year-on-year (YoY) to SAR 44.48 billion, mainly supported by a 103.52% increase in infrastructure, a 66.85% rise in managed services, and a 7.13% growth in products, partially offset by an 8.07% decline in digital services as some projects neared completion.

 

Operating expenses fell 3.11% YoY to SAR 424,000, as selling and marketing expenses decreased by SAR 914,000, offsetting a SAR 904,000 increase in general and administrative expenses.

 

Sure’s profit declined by 17.9% from SAR 17.23 million in H2 2024.

 

Total shareholders’ equity, no minority interest, stood at SAR 122.53 million by June 30, 2025, compared to SAR 109.11 million a year earlier.

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