Al Moammar Information Systems Co. (MIS) recorded a net profit fall of 54% to SAR 33.9 million in the first quarter of 2025, from SAR 73.1 million in the prior-year period.
| Item | Q1 2024 | Q1 2025 | Change |
|---|---|---|---|
| Revenues | 333.51 | 405.60 | 21.6 % |
| Gross Income | 53.94 | 81.93 | 51.9 % |
| Operating Income | 29.90 | 24.75 | (17.2 %) |
| Net Income | 73.09 | 33.85 | (53.7 %) |
| Average Shares | 30.00 | 30.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.52 | 0.27 | (48.6 %) |
| EPS (Riyal) | 2.44 | 1.13 | (53.7 %) |
| Item | Q4 2024 | Q1 2025 | Change |
|---|---|---|---|
| Revenues | 255.47 | 405.60 | 58.8 % |
| Gross Income | 56.55 | 81.93 | 44.9 % |
| Operating Income | 18.59 | 24.75 | 33.1 % |
| Net Income | 2.84 | 33.85 | 1092.1 % |
| Average Shares | 30.00 | 30.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.21 | 0.27 | 26.2 % |
| EPS (Riyal) | 0.09 | 1.13 | 1092.1 % |
Operating profit dropped by SAR 24.75 million in Q1 2025, mainly due to an increase in operating expenses.
The company also cited the gain recorded in Q1 2024 from the disposal of a 10% stake in Edarat Communication & Information Technology Co. for SAR 58 million, while the company achieved an investment gain in Q1 2025 of SAR 26 million.
Meanwhile, revenues increased to SAR 405.60 million in Q1 2025, compared with SAR 333.51 million a year before, mainly driven by growth in revenues from core operations related to most segments and services.
On a sequential basis, the company's three-month earnings soared from SAR 2.84 million in Q4 2024.
Total shareholders’ equity, no minority interest, reached SAR 457.5 million as of March 31, 2025, compared to SAR 357.5 million in the prior-year period.
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