Financial Results : Al Mawarid H1 2025 net profit at SAR 62.3M, Q2 at SAR 32.4M

Al Mawarid H1 2025 net profit at SAR 62.3M, Q2 at SAR 32.4M

11/08/2025 Argaam Exclusive

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Al Mawarid Manpower Co. reported a 26% growth in net profit to SAR 62.3 million in H1 2025, compared to SAR 49.6 million in the prior-year period.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 920.74 1,213.04 31.7 %
Gross Income 86.91 107.73 24.0 %
Operating Income 54.28 66.87 23.2 %
Net Income 49.64 62.32 25.5 %
Average Shares 15.00 15.00 -
Earnings Per Share before unusual items (Riyals) 3.31 4.15 25.5 %
EPS (Riyal) 3.31 4.15 25.5 %

This is primarily spurred by a SAR 21 million increase in gross profit, along with higher revenue. The company also cited higher other income and increased earnings from financial investments.

 

In H1 2025, general, administrative and marketing expenses increased by SAR 6 million, or 25%. Al Mawarid also posted a SAR 2.3 million in impairment loss on advance payments to recruitment agencies.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 481.55 624.36 29.7 %
Gross Income 43.78 54.45 24.4 %
Operating Income 25.70 34.62 34.7 %
Net Income 23.23 32.38 39.4 %
Average Shares 15.00 15.00 -
Earnings Per Share before unusual items (Riyal) 1.55 2.16 39.4 %
EPS (Riyal) 1.55 2.16 39.4 %

Q2 2025 net profit jumped 39% to SAR 32.4 million, compared to SAR 23.2 million in Q2 2024.

 

On a sequential basis, net profit grew 8.2% from SAR 29.94 million in Q1 2025.

 

Shareholders’ equity, no minority interest, reached SAR 444.2 million by June 30, 2025, compared to SAR 378.8 million a year ago.

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