EFSIM profit up 69% to SAR 44.1M in 9M 2025; Q3 at SAR 16.5M

EFSIM Facilities Management Co., which provides integrated facility management services and is currently listed for IPO on Tadawul, reported a net profit of SAR 44.1 million for the first nine months of 2025, up 69% from SAR 26.1 million in the same period of 2024.

The increase in profit was driven by revenue rising 25% year-on-year (YoY) to SAR 725.2 million. The growth was supported by business expansion, as the publicly-owned facilities segment saw revenues increase to SAR 502.1 million, representing 69% of total revenue. However, the company reported a decline in government-entity revenues to SAR 4.7 million from SAR 21 million a year ago.

Additionally, EFSIM reported improved profitability, with gross profit margin rising to 14% in 9M 2025, up from 12% a year ago, supported by higher revenues. Operating profit margin increased slightly to 8% from 7% last year, reflecting higher general and administrative expenses.

As a result, EBITDA increased to SAR 83.3 million in 9M 2025, compared to SAR 52.5 million in 9M 2024.

Meanwhile, EFSIM reported lower financing costs.

On the other hand, the company recorded a minor loss from associates amounting to SAR 889,000 during the current period, in addition to an increase in Zakat and income tax expenses to SAR 7.3 million.

As a result, EBITDA increased to SAR 83.3 million in 9M 2025, compared to SAR 52.5 million in 9M 2024.

Meanwhile, EFSIM reported lower financing costs.

On the other hand, the company recorded a minor loss from associates amounting to SAR 889,000 during the current period, in addition to an increase in Zakat and income tax expenses from SAR 4.3 million to SAR 7.3 million.

In Q3 2025, net profit surged 24% to SAR 16.55 million, from SAR 13.40 million in Q3 2024.

Sequentially, earnings jumped 15.7% from SAR 14.30 million in Q2 2025.

Total shareholders’ equity, no minority interest, stood at SAR 197.43 million as of Sept. 30, 2025, compared to SAR 110.33 million a year earlier.