Financial Results : WSM profit surges 102% to SAR 3.1M in H1 2025

WSM profit surges 102% to SAR 3.1M in H1 2025

27/08/2025 Argaam Exclusive

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WSM for Information Technology Co. reported a net profit of SAR 3.1 million in H1 2025, a 102% rise compared to SAR 1.5 million in the year-earlier period.



Current Half Annual Comparison (M)

Compared With The
Item H1 2024 H1 2025 Change‬
Revenues 14.99 28.16 87.8 %
Gross Income 5.68 9.44 66.3 %
Operating Income 1.77 3.71 110.1 %
Net Income 1.54 3.11 101.8 %
Average Shares 1.95 2.15 10.0 %
Earnings Per Share before unusual items (Riyal) 0.79 1.45 83.4 %
EPS (Riyal) 0.79 1.45 83.4 %

The increase in profits was mainly driven by an 88% rise in revenues. This growth was attributed to securing new projects, diversifying its client base, and increasing the volume of work completed on existing project contracts, which led to higher gross profit along with efficient expense management.

 

In addition, the company’s expansion strategy, including the acquisition of Wasl Technical Information Systems Co. (Wasltec), had a positive impact on its financial performance for the period ended June 30, 2025.

 

Sequentially, WSM’s profit fell 7.8% from SAR 3.38 million in H2 2024.

 

Total shareholders’ equity, no minority interest, reached SAR 48.65 million by the end of H1 2025, compared to SAR 35.63 million a year earlier.

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