solutions earns SAR 1.22B in 9M 2025, SAR 417M in Q3

Arabian Internet and Communications Services Co. (solutions) reported net earnings of SAR 1.22 billion in the first nine months of this year, compared to SAR 1.27 billion in 9M 2024.

The company attributed the annual profit decline mainly to a SAR 66 million decrease in gross profit amid a SAR 556 million rise in cost of revenues. This came despite a SAR 490 million revenue increase.

Moreover, Zakat and tax expenses rose by SAR 102 million in 9M 2025. This was due to the reversal of prior provisions, as last year included a SAR 104 million Zakat provision reversal, alongside recognizing SAR 68 million in non-recurring non-operating income and SAR 52 million in gains related to the early retirement program.

However, the company’s total other income increased by SAR 33 million in 9M 2025. This came against the backdrop of a SAR 90 million drop in operating expenses, driven by a SAR 99 million reduction in selling and distribution costs, albeit partially offset by higher administrative expenses.

In Q3 2025, solutions’ net profit contracted by 9.9% to SAR 417 million, from SAR 463 million in Q3 2024.

On a sequential basis, the three-month net earnings also declined 6.5% from SAR 446 million in Q2 2025.

Total shareholders’ equity, excluding minority interest, grew to SAR 3.99 billion by the end of Sep. 30, 2025, compared with SAR 3.68 billion a year earlier.

View More Financial Results