Financial Results : Purity profit down 21% to SAR 1.5M in FY 2024/25; H2 losses at SAR 77,000

Purity profit down 21% to SAR 1.5M in FY 2024/25; H2 losses at SAR 77,000

28/09/2025 Argaam Exclusive

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Purity for Information Technology Co. reported a net profit of SAR 1.5 million for the fiscal year ended June 2025 (FY 2024/25), down from SAR 2 million a year earlier.



Financials (M)

Item 2024 2025 Change‬
Revenues 92.84 95.06 2.4 %
Gross Income 13.18 13.85 5.1 %
Operating Income 4.41 4.41 0.0 %
Net Income 1.95 1.53 (21.7 %)
Average Shares 12.00 13.92 16.0 %
Earnings Per Share before unusual items (Riyals) 0.16 0.19 17.6 %
EPS (Riyal) 0.16 0.11 (32.5 %)

The profit decline was mainly due to listing expenses of SAR 636,400 that were booked under general and administrative (G&A) costs in line with IAS 32 requirements. These non-recurring costs were related to the company’s Nomu-Parallel Market listing.

 

The company also recorded a SAR 500,000 impairment provision on the fair value of its investment in Numu Studio Holding Ltd. and a SAR 552,200 increase in zakat provision due to increased equity after its secondary market listing.

 

Revenue grew 2.39% year-on-year (YoY) to SAR 95.06 million in FY 2024/25, supported by an expanded client base across government and private sectors and the opening of new business lines in cybersecurity licensing, infrastructure, and business solutions.



Current Half Annual Comparison (M)

Compared With The
Item H2 2024 H2 2025 Change‬
Revenues 60.80 38.07 (37.4 %)
Gross Income 7.44 6.42 (13.7 %)
Operating Income 2.91 1.16 (60.1 %)
Net Income 1.68 (0.77) (146.0 %)
Average Shares 12.00 13.92 16.0 %
Earnings Per Share before unusual items (Riyal) 0.14 0.03 (81.3 %)
EPS (Riyal) 0.14 (0.06) (139.7 %)

In H2 FY 2024/25, Purity turned to a net loss of SAR 77,000, against a profit of SAR 1.68 million in the year-earlier period.

 

Total shareholders’ equity, no minority interest, stood at SAR 40.77 million in FY 2024/25, compared to SAR 17.4 million a year ago.

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