Financial Results : Armah profit surges to SAR 27.5M in H1 2025

Armah profit surges to SAR 27.5M in H1 2025

22/07/2025 Argaam Exclusive

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Armah Sports Co. reported a net profit of SAR 27.5 million in H1 2025, up from SAR 9.2 million a year earlier.



Current Half Annual Comparison (M)

Compared With The
Item H1 2024 H1 2025 Change‬
Revenues 73.64 102.40 39.0 %
Net Income 9.20 27.50 198.9 %
Average Shares 32.86 32.86 -
Earnings Per Share before unusual items (Riyal) 0.28 0.55 96.7 %
EPS (Riyal) 0.28 0.84 198.9 %

Total revenues rose 39% year-on-year (YoY) to SAR 102.4 million, on a 34% increase in subscription revenue and a 96% surge in personal training revenue.

 

The topline growth was supported by higher demand, a rise in subscriber base, contributions from new clubs opened during the past year, and continued operational growth.

 

The fitness services provider also noted a one-off gain of SAR 9.5 million from subleasing a leased plot of land to a developer for the construction of two fitness clubs. The company is set to re-lease the facilities upon completion.

 

Compared to H2 2024, the net profit fell 4.2% from SAR 28.69 million.

 

Total shareholders’ equity, no minority interest, rose to SAR 505.4 million as of June 30, 2025, compared to SAR 387.14 million a year ago.

 

In June, Armah’s board of directors approved the company’s transition to the Main Market.

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