Al Moammar Information Systems Co. (MIS) made net profit of SAR 66.1 million in the first half of 2025, down 37% from SAR 104.8 million in the corresponding period of 2024.
Item | 6m 2024 | 6m 2025 | Change |
---|---|---|---|
Revenues | 684.05 | 709.83 | 3.8 % |
Gross Income | 132.06 | 148.65 | 12.6 % |
Operating Income | 69.45 | 58.92 | (15.2 %) |
Net Income | 104.83 | 66.13 | (36.9 %) |
Average Shares | 30.00 | 30.00 | - |
Earnings Per Share before unusual items (Riyals) | 1.03 | 0.87 | (15.5 %) |
EPS (Riyal) | 3.49 | 2.20 | (36.9 %) |
The profit decrease was mainly attributed to the one-time gain of SAR 58 million from liquidating 10% of the company's shares in its associate, Edarat. However, the current period witnessed notable improvements, including lower finance costs, and gains from the valuation of its investments classified as FVTPL.
Revenues increased primarily due to a rise in core business, mainly in network and in-house professional services.
Item | Q2 2024 | Q2 2025 | Change |
---|---|---|---|
Revenues | 350.55 | 304.23 | (13.2 %) |
Gross Income | 78.12 | 66.72 | (14.6 %) |
Operating Income | 39.55 | 34.17 | (13.6 %) |
Net Income | 31.74 | 32.28 | 1.7 % |
Average Shares | 30.00 | 30.00 | - |
Earnings Per Share before unusual items (Riyal) | 0.51 | 0.61 | 18.0 % |
EPS (Riyal) | 1.06 | 1.08 | 1.7 % |
Item | Q1 2025 | Q2 2025 | Change |
---|---|---|---|
Revenues | 405.60 | 304.23 | (25.0 %) |
Gross Income | 81.93 | 66.72 | (18.6 %) |
Operating Income | 24.75 | 34.17 | 38.1 % |
Net Income | 33.85 | 32.28 | (4.6 %) |
Average Shares | 30.00 | 30.00 | - |
Earnings Per Share before unusual items (Riyal) | 0.27 | 0.61 | 127.0 % |
EPS (Riyal) | 1.13 | 1.08 | (4.6 %) |
In Q2 2025, MIS net profit rose 1.7% to SAR 32.3 million from SAR 31.7 million in Q2 2024.
On a quarterly basis, net income fell 4.6% from SAR 33.85 million in Q1 2025.
Total shareholders' equity, no minority interest, reached SAR 389.5 million by the end of H1 2025, down from SAR 401.9 million in the prior-year period.
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