Financial Results : Armah earns SAR 62M in 2025, SAR 34.5M in H2

Armah earns SAR 62M in 2025, SAR 34.5M in H2

19/02/2026 Argaam Exclusive

View other reports

Armah Sports Co. reported a net profit of SAR 62 million in 2025, compared with SAR 38.3 million a year earlier.



Financials (M)

Item 2024 2025 Change‬
Revenues 177.46 224.90 26.7 %
Gross Income 83.87 110.95 32.3 %
Operating Income 60.88 77.28 26.9 %
Net Income 38.25 62.01 62.1 %
Average Shares 32.86 32.86 -
Earnings Per Share before unusual items (Riyals) 1.03 1.62 57.6 %
EPS (Riyal) 1.16 1.89 62.1 %

The profit growth was attributed to higher revenues, driven by a 24% year-on-year (YoY) increase in subscription and membership income reflecting continued expansion of the member base and club maturity.

 

Personal training revenues also rose by 51% YoY on strong demand for premium training services, alongside growth in other fitness center-related income.

 

In addition, deferred revenues increased to SAR 62.6 million, indicating strong renewals and sustained demand, which improves future revenue visibility.

 

Operating profit climbed 48% YoY to SAR 81.1 million, supported by operational efficiency as revenue growth outpaced cost increases.

 

On the other hand, cost of revenues rose by 22% YoY and operating expenses increased by 46% YoY, driven by strategic investments in automation, executive hires, and lease-related financing costs associated with expansion.

 

In H2 2025, net profit rose 18.5% to SAR 34.54 million from SAR 29.15 million a year earlier.

 

Sequentially, H2 2025 profit increased 25.8% from SAR 27.46 million in H1 2025.



Current Half Annual Comparison (M)

Compared With The
Item H2 2024 H2 2025 Change‬
Revenues 103.82 122.53 18.0 %
Gross Income 51.57 63.30 22.7 %
Operating Income 40.32 45.39 12.6 %
Net Income 29.10 34.55 18.7 %
Average Shares 32.86 32.86 -
Earnings Per Share before unusual items (Riyal) 0.75 1.07 43.2 %
EPS (Riyal) 0.89 1.05 18.7 %

Total shareholders’ equity, with no minority interest, rose to SAR 552.6 million as of Dec. 31, 2025, compared to SAR 470.7 million a year ago.

 

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.