Financial Results : KnowledgeNet earns SAR 25.9M in 2024, SAR 26.5M in H2 on stake sale profits

KnowledgeNet earns SAR 25.9M in 2024, SAR 26.5M in H2 on stake sale profits

01/05/2025 Argaam Exclusive

View other reports

KnowledgeNet Co. posted a net profit after minority interest of SAR 25.9 million in 2024, against a net loss of SAR 5.3 million a year before.
 
Earnings per share reached SAR 7.2 in 2024, against a loss per share of SAR 1.5 a year earlier.


Financials (M)

Item 2023 2024 Change‬
Revenues 49.89 58.69 17.6 %
Gross Income 17.82 25.14 41.1 %
Operating Income (4.80) 4.33 190.0 %
Net Income (5.26) 25.94 593.0 %
Average Shares 3.50 3.50 -
Earnings Per Share before unusual items (Riyals) (1.59) (1.12) 29.6 %
EPS (Riyal) (1.50) 7.41 593.0 %

The company recorded a non-recurring net profit before minority interest of SAR 36.86 million in 2024 after impairment. The company sold stakes in affiliates as part of a reinvestment plan in return for receiving investment units in the Saudi Technology Fund.

 

KnowledgeNet reported 18% year-on-year (YoY) in the annual operating revenue driven by improved performance and increased demand for the company’s products. Additionally, the company opened a new market and expanded in the countries, where it operates.

 

In H2 2024, net profit reached SAR 26.5 million against a net loss of SAR 1.2 million in H2 2023.
In the first half of 2024, KnowledgeNet incurred a net loss of SAR 540,000.


Current Half Annual Comparison (M)

Compared With The
Item H2 2023 H2 2024 Change‬
Revenues 24.78 29.77 20.1 %
Gross Income 13.21 14.99 13.5 %
Operating Income 0.49 6.34 1188.7 %
Net Income (1.23) 26.48 2251.5 %
Average Shares 3.50 3.50 -
Earnings Per Share before unusual items (Riyal) (0.44) (0.97) (119.1 %)
EPS (Riyal) (0.35) 7.57 2251.5 %
Total shareholders’ equity, after minority interest, rose to SAR 64.69 million as of Dec. 31, 2024, from SAR 39.50 million a year earlier.

View More Financial Results

 

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.