Financial Results : MIS profits at SAR 96M in 2025, Q4 at SAR 4.8M

MIS profits at SAR 96M in 2025, Q4 at SAR 4.8M

31/03/2026 Argaam Exclusive

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Al Moammar Information Systems Co. (MIS) recorded a net profit of SAR 96 million in 2025, down from SAR 122 million in the prior-year period.



Financials (M)

Item 2024 2025 Change‬
Revenues 1,213.00 1,272.00 4.9 %
Gross Income 258.00 298.00 15.5 %
Net Income 122.00 96.00 (21.3 %)
Average Shares 30.00 30.00 -
Earnings Per Share before unusual items (Riyals) 1.63 1.65 1.3 %
EPS (Riyal) 4.07 3.20 (21.3 %)

The profit decline was attributed to higher non-cash provisions, including a SAR 60 million increase in expected credit loss provisions on contract assets and trade receivables, along with a SAR 28 million rise in general and administrative expenses due to higher employee, professional service, and subsidiary costs.

 

In addition, profits in the prior year included SAR 58 million gains from the sale of shares in a telecommunications and IT company, compared to none in the current period, despite recording SAR 78 million in fair value gains on investments this year.

 

This came despite an increase in revenue, driven by securing additional business in the ICT sector and internal professional services.



Current Quarter Comparison (M)

Compared With The
Item Q4 2024 Q4 2025 Change‬
Revenues 255.47 281.79 10.3 %
Gross Income 56.78 66.34 16.8 %
Net Income 0.44 4.77 989.4 %
Average Shares 30.00 30.00 -
Earnings Per Share before unusual items (Riyal) 0.13 0.16 21.1 %
EPS (Riyal) 0.01 0.16 989.4 %

In Q4 2025, the company’s net earnings surged 989.4% to SAR 4.7 million, from SAR 0.44 million in Q4 2024, driven by higher revenue.

 

Sequentially, however, the three-month bottom line plunged 81% from SAR 25.1 million in Q3 2025.

 

Total shareholders’ equity, with no minority interest, slumped to SAR 346 million as of Dec. 31, 2025, from SAR 421 million in the prior-year period.



Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2016 - - - - - -
Q2 2016 - - - - - -
Q3 2016 - - - - - -
Q4 2016 - - - - - -
Q1 2017 - - - - - -
Q2 2017 - - - - - -
Q3 2017 - - - - - -
Q4 2017 - - - - - -
Q1 2018 122.10 - 16.32 - 4.44 -
Q2 2018 273.42 - 30.05 - 19.70 -
Q3 2018 216.66 - 34.74 - 22.32 -
Q4 2018 273.97 - 52.51 - 39.43 -
Q1 2019 211.22 73.0 % 30.57 87.4 % 18.26 311.3 %
Q2 2019 238.12 (12.9 %) 35.84 19.3 % 19.75 0.3 %
Q3 2019 229.94 6.1 % 33.12 (4.7 %) 20.74 (7.1 %)
Q4 2019 318.23 16.2 % 64.29 22.4 % 49.03 24.4 %
Q1 2020 228.04 8.0 % 37.61 23.0 % 21.92 20.1 %
Q2 2020 319.51 34.2 % 48.37 34.9 % 26.87 36.0 %
Q3 2020 234.81 2.1 % 44.63 34.8 % 27.08 30.6 %
Q4 2020 - - 42.28 (34.2 %) 22.43 (54.3 %)
Q1 2021 143.44 (37.1 %) 32.40 (13.9 %) 14.99 (31.6 %)
Q2 2021 148.16 (53.6 %) 34.85 (28.0 %) 17.98 (33.1 %)
Q3 2021 171.97 (26.8 %) 42.19 (5.5 %) 20.59 (24.0 %)
Q4 2021 175.26 - 57.28 35.5 % 23.70 5.7 %
Q1 2022 106.60 (25.7 %) 28.79 (11.1 %) 8.61 (42.6 %)
Q2 2022 171.03 15.4 % 48.21 38.3 % 21.79 21.2 %
Q3 2022 198.80 15.6 % 52.33 24.0 % 29.30 42.3 %
Q4 2022 313.19 78.7 % 73.44 28.2 % 42.08 77.5 %
Q1 2023 437.48 310.4 % 76.45 165.5 % 54.04 528.0 %
Q2 2023 372.73 117.9 % 78.92 63.7 % 58.93 170.4 %
Q3 2023 361.21 81.7 % 58.17 11.2 % 35.24 20.3 %
Q4 2023 288.30 (7.9 %) 32.25 (56.1 %) 6.74 (84.0 %)
Q1 2024 333.51 (23.8 %) 53.94 (29.4 %) 29.90 (44.7 %)
Q2 2024 350.55 (6.0 %) 78.12 (1.0 %) 39.55 (32.9 %)
Q3 2024 273.46 (24.3 %) 69.16 18.9 % 32.94 (6.5 %)
Q4 2024 255.47 (11.4 %) 56.78 76.1 % 18.60 176.0 %
Q1 2025 405.60 21.6 % 81.93 51.9 % 24.75 (17.2 %)
Q2 2025 304.23 (13.2 %) 66.72 (14.6 %) 34.17 (13.6 %)
Q3 2025 280.38 2.5 % 83.02 20.0 % 38.85 17.9 %
Q4 2025 281.79 10.3 % 66.34 16.8 % - -
2025 1,272.00 4.9 % 298.00 15.5 % - -


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS(Riyal)
Q1 2016 - - - - - -
Q2 2016 - - - - - -
Q3 2016 - - - - - -
Q4 2016 - - - - - -
Q1 2017 - - - - - -
Q2 2017 - - - - - -
Q3 2017 - - - - - -
Q4 2017 - - - - - -
Q1 2018 (1.15) - (0.04) - (1.15) (0.04)
Q2 2018 12.96 - 0.43 - 12.96 0.43
Q3 2018 16.39 - 0.55 - 16.39 0.55
Q4 2018 36.30 - 1.21 - 36.30 1.21
Q1 2019 11.72 1122.1 % 0.39 - 11.72 0.39
Q2 2019 13.01 0.4 % 0.43 - 13.01 0.43
Q3 2019 14.39 (12.2 %) 0.48 - 14.39 0.48
Q4 2019 36.85 1.5 % 1.23 - 36.85 1.23
Q1 2020 16.93 44.4 % 0.56 - 16.93 0.56
Q2 2020 24.41 87.6 % 0.81 - 24.41 0.81
Q3 2020 22.50 56.3 % 0.75 - 22.50 0.75
Q4 2020 17.44 (52.7 %) 0.58 - 17.44 0.58
Q1 2021 9.30 (45.1 %) 0.31 - 9.30 0.31
Q2 2021 13.53 (44.6 %) 0.45 - 13.53 0.45
Q3 2021 14.83 (34.1 %) 0.49 - 14.83 0.49
Q4 2021 18.83 7.9 % 0.63 - 18.83 0.63
Q1 2022 4.60 (50.5 %) 0.15 - 4.60 0.15
Q2 2022 16.85 24.5 % 0.56 - 16.85 0.56
Q3 2022 25.09 69.2 % 0.84 - 25.09 0.84
Q4 2022 49.33 162.0 % 1.64 15.24 34.09 1.14
Q1 2023 46.57 911.9 % 1.55 - 46.57 1.55
Q2 2023 49.50 193.9 % 1.65 - 49.50 1.65
Q3 2023 (69.41) (376.7 %) (2.31) (93.21) 23.80 0.79
Q4 2023 (12.69) (125.7 %) (0.42) - (12.69) (0.42)
Q1 2024 73.09 57.0 % 2.44 57.53 15.56 0.52
Q2 2024 31.74 (35.9 %) 1.06 16.34 15.40 0.51
Q3 2024 16.73 124.1 % 0.56 2.66 14.07 0.47
Q4 2024 0.44 103.5 % 0.01 (3.50) 3.94 0.13
Q1 2025 33.85 (53.7 %) 1.13 25.85 8.00 0.27
Q2 2025 32.28 1.7 % 1.08 14.12 18.17 0.61
Q3 2025 25.10 50.0 % 0.84 6.46 18.64 0.62
Q4 2025 4.77 989.4 % 0.16 - 4.77 0.16
2025 96.00 (21.3 %) 3.20 46.42 49.58 1.65

Profitability

Period Gross Margin Adjusted EBITDA margin Net Margin Before Unusual Items
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 - - -
Q2 2017 - - -
Q3 2017 - - -
Q4 2017 - - -
Q1 2018 - - -
Q2 2018 - - -
Q3 2018 - - -
Q4 2018 15.08 % 9.77 % 7.28 %
Q1 2019 15.16 % 10.30 % 7.93 %
Q2 2019 16.35 % 10.71 % 8.24 %
Q3 2019 15.95 % 10.36 % 7.91 %
Q4 2019 16.42 % 10.93 % 7.62 %
Q1 2020 16.84 % 11.12 % 8.00 %
Q2 2020 16.74 % 10.95 % 8.45 %
Q3 2020 17.71 % 11.51 % 9.15 %
Q4 2020 - - -
Q1 2021 - - -
Q2 2021 - - -
Q3 2021 - - -
Q4 2021 26.10 % 12.70 % 8.84 %
Q1 2022 27.09 % 12.50 % 8.60 %
Q2 2022 28.24 % 12.68 % 8.82 %
Q3 2022 28.63 % 13.54 % 10.03 %
Q4 2022 25.68 % 13.51 % 10.21 %
Q1 2023 22.35 % 13.59 % 10.94 %
Q2 2023 21.26 % 14.35 % 11.74 %
Q3 2023 19.33 % 13.20 % 10.37 %
Q4 2023 16.84 % 11.05 % 7.34 %
Q1 2024 16.47 % 10.10 % 5.62 %
Q2 2024 16.68 % 8.81 % 3.15 %
Q3 2024 18.74 % 9.27 % 2.60 %
Q4 2024 21.27 % 10.59 % 4.04 %
2024 21.27 % 10.59 % 4.04 %
Q1 2025 22.25 % 9.64 % 3.22 %
Q2 2025 22.17 % 9.61 % 3.57 %
Q3 2025 23.16 % 10.03 % 3.91 %
Q4 2025 23.43 % - 3.90 %
2025 23.43 % - 3.90 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Earnings Per Share before unusual items (Riyal) Book Value (BV)
Q1 2016 - - - -
Q2 2016 - - - -
Q3 2016 - - - -
Q4 2016 - - - -
Q1 2017 - - - -
Q2 2017 - - - -
Q3 2017 - - - -
Q4 2017 - - - -
Q1 2018 30.00 - - 5.26
Q2 2018 30.00 - - 5.34
Q3 2018 30.00 - - 5.91
Q4 2018 30.00 2.15 2.15 6.55
Q1 2019 30.00 2.58 2.58 6.97
Q2 2019 30.00 2.58 2.58 7.37
Q3 2019 30.00 2.51 2.51 7.84
Q4 2019 30.00 2.53 2.53 9.31
Q1 2020 30.00 2.71 2.71 8.54
Q2 2020 30.00 3.09 3.09 9.28
Q3 2020 30.00 3.36 3.36 9.42
Q4 2020 30.00 2.71 2.71 10.82
Q1 2021 30.00 2.45 2.45 10.11
Q2 2021 30.00 2.09 2.09 10.43
Q3 2021 30.00 1.84 1.84 10.24
Q4 2021 30.00 1.88 1.88 11.12
Q1 2022 30.00 1.73 1.73 10.40
Q2 2022 30.00 1.84 1.84 11.03
Q3 2022 30.00 2.18 2.18 10.72
Q4 2022 30.00 3.20 2.69 12.37
Q1 2023 30.00 4.59 4.09 12.72
Q2 2023 30.00 5.68 5.17 14.38
Q3 2023 30.00 2.53 5.13 10.57
Q4 2023 30.00 0.47 3.57 9.56
Q1 2024 30.00 1.35 2.54 11.92
Q2 2024 30.00 0.76 1.40 13.40
Q3 2024 30.00 3.63 1.08 13.91
Q4 2024 30.00 4.07 1.63 14.03
Q1 2025 30.00 2.76 1.38 15.25
Q2 2025 30.00 2.78 1.47 12.99
Q3 2025 30.00 3.06 1.62 12.99
Q4 2025 30.00 3.20 1.65 11.53

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Recurring P/E Price/book
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 - - -
Q2 2017 - - -
Q3 2017 - - -
Q4 2017 - - -
Q1 2018 - - -
Q2 2018 - - -
Q3 2018 - - -
Q4 2018 - - -
Q1 2019 - - -
Q2 2019 10.74 10.74 3.76
Q3 2019 10.61 10.61 3.40
Q4 2019 9.35 9.35 2.54
Q1 2020 8.95 8.95 2.84
Q2 2020 9.96 9.96 3.31
Q3 2020 12.97 12.97 4.62
Q4 2020 23.67 23.67 5.93
Q1 2021 40.73 40.73 9.89
Q2 2021 50.58 50.58 10.15
Q3 2021 75.96 75.96 13.62
Q4 2021 67.01 67.01 11.34
Q1 2022 72.90 72.90 12.10
Q2 2022 44.21 44.21 7.36
Q3 2022 43.61 43.61 8.86
Q4 2022 29.17 34.68 7.53
Q1 2023 24.77 27.85 8.95
Q2 2023 27.31 29.99 10.79
Q3 2023 55.98 27.63 13.41
Q4 2023 More than 100 38.07 14.22
Q1 2024 More than 100 56.87 12.12
Q2 2024 More than 100 More than 100 12.24
Q3 2024 53.84 More than 100 14.05
Q4 2024 40.08 99.87 11.62
Q1 2025 47.49 94.91 8.59
Q2 2025 48.66 91.75 10.40
Q3 2025 45.10 84.81 10.61
Q4 2025 54.38 More than 100 15.09

Business Segments (Million)

Compared With The
Period Data sector Maintenance and operation sector Networking Unit Systems Unit Information Technology Security Unit Solutions Unit Business Services Management Unit Data Centre ELV Unit Subsidiaries
Q1 2018 - 21.13 14.66 20.99 21.58 38.02 5.72 - -
Q2 2018 - 41.28 33.30 58.32 39.38 61.20 39.94 - -
Q3 2018 - 23.20 13.78 67.81 14.43 74.30 23.14 - -
Q4 2018 - 31.83 23.34 78.70 47.58 66.15 26.37 - -
Q1 2019 - 23.76 16.53 34.85 25.08 84.70 26.30 - -
Q2 2019 - 28.70 36.23 42.84 30.47 82.42 17.45 - -
Q3 2019 - 21.16 13.87 104.01 27.03 52.48 11.40 - -
Q4 2019 - 52.95 50.67 66.85 54.81 64.15 28.80 - -
Q1 2020 - 25.08 56.70 49.15 32.38 48.68 16.04 - -
Q2 2020 - 24.13 109.66 56.54 46.60 77.04 5.54 - -
Q3 2020 - 30.00 63.90 45.38 23.41 47.20 24.92 - -
Q1 2021 - 29.23 30.36 50.19 4.99 6.63 22.04 - -
Q2 2021 - 35.01 55.38 30.91 8.62 11.89 6.35 - -
Q3 2021 - 44.30 59.52 34.98 17.49 10.04 5.63 - -
Q4 2021 - 39.31 54.22 12.44 16.78 19.09 33.42 - -
Q1 2022 - 44.08 33.46 10.39 5.11 7.87 5.69 - -
Q2 2022 22.93 59.38 41.75 12.60 12.07 12.96 9.36 - -
Q3 2022 37.59 52.16 57.49 17.05 12.41 15.81 6.29 - -
Q4 2022 80.05 61.29 62.32 53.18 25.26 8.97 22.13 - -
Q1 2023 252.20 52.54 62.27 27.96 13.43 23.37 5.70 - -
Q2 2023 174.64 100.94 41.59 35.24 14.30 5.27 0.74 - -
Q3 2023 102.23 68.74 121.06 41.22 14.40 12.19 1.38 - -
Q4 2023 112.62 26.99 76.98 9.72 16.89 5.38 0.86 - -
Q1 2024 174.91 52.18 51.12 29.21 8.81 9.62 3.42 - 4.24
Q2 2024 127.44 74.02 71.22 33.97 25.94 6.21 4.59 - 7.15
Q3 2024 94.26 66.27 49.96 17.71 12.22 24.66 4.30 - 4.09
Q4 2024 65.17 67.86 75.01 15.61 7.47 16.85 4.60 - 2.91
Q1 2025 187.71 67.89 93.04 21.06 17.78 9.72 2.62 - 5.79
Q2 2025 101.29 57.25 106.53 3.58 10.73 5.52 1.53 - 6.02
Q3 2025 61.16 97.05 50.44 28.14 12.40 17.66 3.77 5.32 4.42

Analysts Estimates (Million)

Item Profit (Expected) Profit (Actual) Change
Average 7.00 4.77

Estimates vs Actual (Million)

Item Profit (Expected) Profit (Actual) Change‬
U-Capital 7.00 4.77

Current
Market Cap (M Riyal) 4,998.01
Enterprise Value (EV) (M Riyal) 6,187.44
Shares Outstanding ((M)) 30.00
Book Value (BV) ( Riyal) 11.53
Par Value ( Riyal) 10.00
Recurring P/E More than 100
Price/book 14.45
Return on Average Assets (%) (TTM) 3.4
Return on Average Equity (%) (TTM) 25.0
EV/Revenues 4.86

Share Price

Al Moammar Information Systems Co. (MIS)


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