Financial Results : TAM profit down 32% to SAR 20.6M in 2025; H2 at SAR 9M

TAM profit down 32% to SAR 20.6M in 2025; H2 at SAR 9M

15/03/2026 Argaam Exclusive

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Tam Development Co. reported a net profit of SAR 20.6 million in 2025, a decline of 32% from SAR 30.1 million a year earlier.



Financials (M)

Item 2024 2025 Change‬
Revenues 273.35 171.89 (37.1 %)
Gross Income 93.74 67.61 (27.9 %)
Operating Income 33.44 25.31 (24.3 %)
Net Income 30.14 20.58 (31.7 %)
Average Shares 3.66 3.66 -
Earnings Per Share before unusual items (Riyals) 8.23 5.62 (31.7 %)
EPS (Riyal) 8.23 5.62 (31.7 %)

Revenues came under pressure during the year due to extended award cycles and the deferral of certain grant-related projects’ milestones beyond year-end.

 

Consulting services recorded revenues of SAR 112.8 million FY 2025, down 51.4% year-on-year (YoY), partly offset by continued strength in TAM’s digital solutions segment, where revenues rose 43% YoY to SAR 59.1 million in 2025.

 

Finance costs increased to SAR 4 million from SAR 1.7 million in 2024, largely reflecting the precautionary financing facilities secured during the year to preserve liquidity and operational flexibility amid a more uncertain collections environment.

 

Meanwhile, net profit margin improved to 12% from 11% in the prior year, remaining within the company’s previously communicated guidance range of 10%-15%. The margin resilience reflects the company’s stronger gross and operating margin performance, supported by tighter cost control, improved utilization, and a more disciplined overhead structure.



Current Half Annual Comparison (M)

Compared With The
Item H2 2024 H2 2025 Change‬
Revenues 152.65 91.92 (39.8 %)
Gross Income 55.99 31.76 (43.3 %)
Operating Income 21.12 11.99 (43.2 %)
Net Income 18.71 8.97 (52.1 %)
Average Shares 3.66 3.66 -
Earnings Per Share before unusual items (Riyal) 5.11 2.45 (52.1 %)
EPS (Riyal) 5.11 2.45 (52.1 %)

H2 2025 net earnings dropped 52% to SAR 9 million, compared to SAR 18.7 million a year earlier.

 

Net profit plummeted 22.8% from SAR 11.61 million in H1 2025.

 

Total shareholders’ equity (no minority interest) amounted to SAR 156.45 million as of Dec. 31, 2025, compared to SAR 136.72 million in a year earlier period.

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