Edarat Communication and Information Technology Co. posted a 32% rise in net profit to SAR 15.2 million for the first half of 2025, up from SAR 11.6 million in the same period a year earlier.
Item | H1 2024 | H1 2025 | Change |
---|---|---|---|
Revenues | 45.62 | 75.15 | 64.7 % |
Gross Income | 20.62 | 27.92 | 35.4 % |
Operating Income | 12.57 | 17.13 | 36.3 % |
Net Income | 11.58 | 15.24 | 31.6 % |
Average Shares | 5.04 | 5.04 | - |
Earnings Per Share before unusual items (Riyal) | 2.30 | 3.02 | 31.6 % |
EPS (Riyal) | 2.30 | 3.02 | 31.6 % |
Item | H2 2024 | H1 2025 | Change |
---|---|---|---|
Revenues | 58.95 | 75.15 | 27.5 % |
Gross Income | 24.69 | 27.92 | 13.1 % |
Operating Income | 14.79 | 17.13 | 15.9 % |
Net Income | 13.08 | 15.24 | 16.5 % |
Average Shares | 5.04 | 5.04 | - |
Earnings Per Share before unusual items (Riyal) | 2.60 | 3.02 | 16.5 % |
EPS (Riyal) | 2.60 | 3.02 | 16.5 % |
Revenue from data center services surged 80.4% year-on-year (YoY) to SAR 44.2 million, supported by the rollout of facility management services in H2 2024 and new engineering contracts in H1 2025.
Cloud computing services also saw a 46.6% YoY rise in revenue to SAR 31 million, supported by the introduction of new services such as colocation and Edge compute in April 2025, along with strategic partnerships.
Additionally, the administrative expenses ratio declined from 17.56% in H1 2024 to 13.8%, further supporting profit growth.
Edarat’s H1 2025 net profit rose 16.5% from SAR 13.08 million in H2 2024.
Shareholders’ equity, no minority interest, reached SAR 76.28 million by the end of H1 2025, compared with SAR 49.6 million in the year-earlier period.
Be the first to comment
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments Analysis: