Financial Results : KnowledgeNet loses SAR 1.5M in H1 2025

KnowledgeNet loses SAR 1.5M in H1 2025

01/09/2025 Argaam Exclusive

View other reports

KnowledgeNet Co. widened net losses to SAR 1.5 million (excluding minority interest) in the first half of 2025, compared to SAR 544,000 in H1 2024.



Current Half Annual Comparison (M)

Compared With The
Item H1 2024 H1 2025 Change‬
Revenues 28.93 17.91 (38.1 %)
Gross Income 10.15 7.68 (24.3 %)
Operating Income (2.01) (0.36) 81.9 %
Net Income (0.54) (1.47) (169.6 %)
Average Shares 3.50 3.50 -
Earnings Per Share before unusual items (Riyal) (0.16) 0.67 530.3 %
EPS (Riyal) (0.16) (0.42) (169.6 %)

Net losses before excluding minority interest stood at SAR 1.47 million in H1 2025, versus SAR 1.86 million in the year-earlier period.

 

Revenue plunged 38% year-on-year (YoY) decline in revenue.

 

Meanwhile, cost of revenue fell 45% as the company focus shifted to profitable activities, which lifted the gross profit margin to 43% from 35% a year earlier.

 

Operating expenses decreased, with selling and marketing expenses down 47% and general and administrative expenses down 25% YoY. As a result, operating losses narrowed 82% to SAR 0.36 million, compared to SAR 2 million in the prior-year period.

 

KnowledgeNet turned to loss in H1 2025 versus a profit of SAR 26.48 million in H2 2024.

 

Total shareholders’ equity, with no minority interest, rose to SAR 63.23 million as of June 30, 2025, from SAR 38.97 million in the corresponding period of 2024.

View More Financial Results

 


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 - - - - - -
H2 2020 - - - - - -
H1 2021 20.97 - 4.37 - (1.14) -
H2 2021 28.04 - 10.51 - 3.69 -
H1 2022 30.32 44.6 % 9.92 127.1 % 1.87 263.8 %
H2 2022 28.09 0.2 % 9.72 (7.5 %) (0.53) (114.4 %)
H1 2023 25.11 (17.2 %) 4.61 (53.6 %) (5.30) (383.4 %)
H2 2023 24.78 (11.8 %) 13.21 35.8 % 0.49 192.4 %
H1 2024 28.93 15.2 % 10.15 120.2 % (2.01) 62.1 %
H2 2024 29.77 20.1 % 14.99 13.5 % 6.34 1188.7 %
H1 2025 17.91 (38.1 %) 7.68 (24.3 %) (0.36) 81.9 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS(Riyal)
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 - - - - - -
H2 2020 - - - - - -
H1 2021 (1.32) - (0.88) - (1.32) (0.88)
H2 2021 2.90 - 0.83 - 2.90 0.83
H1 2022 4.87 468.5 % 1.39 1.76 3.11 0.89
H2 2022 (1.77) (161.2 %) (0.51) - (1.77) (0.51)
H1 2023 (4.03) (182.7 %) (1.15) - (4.03) (1.15)
H2 2023 (1.23) 30.6 % (0.35) 0.31 (1.54) (0.44)
H1 2024 (0.54) 86.5 % (0.16) - (0.54) (0.16)
H2 2024 26.48 2251.5 % 7.57 29.86 (3.38) (0.97)
H1 2025 (1.47) (169.6 %) (0.42) (3.80) 2.34 0.67

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
H1 2021 - - -
H2 2021 30.35 % 10.00 % 3.21 %
H1 2022 35.01 % 13.85 % 10.30 %
H2 2022 33.63 % 6.87 % 2.29 %
H1 2023 26.94 % (5.38 %) (10.91 %)
H2 2023 35.71 % (1.10 %) (11.17 %)
H1 2024 43.48 % 5.48 % (3.88 %)
H2 2024 42.83 % 15.71 % (6.69 %)
2024 42.83 % 15.72 % (6.69 %)
H1 2025 47.57 % 22.65 % (2.18 %)


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Earnings Per Share before unusual items (Riyal) Book Value (BV)
H1 2016 - - - -
H2 2016 - - - -
H1 2017 - - - -
H2 2017 - - - -
H1 2018 - - - -
H2 2018 - - - -
H1 2019 - - - -
H2 2019 - - - -
H1 2020 - - - -
H2 2020 - - - -
H1 2021 1.50 - - 11.73
H2 2021 3.50 0.45 0.45 12.15
H1 2022 3.50 2.22 1.72 13.54
H2 2022 3.50 0.89 0.38 13.38
H1 2023 3.50 (1.66) (1.66) 11.73
H2 2023 3.50 (1.50) (1.59) 11.29
H1 2024 3.50 (0.51) (0.60) 11.13
H2 2024 3.50 7.41 (1.12) 18.48
H1 2025 3.50 7.15 (0.30) 18.07

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Recurring P/E Price/book
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
H1 2021 - - -
H2 2021 - - -
H1 2022 - - -
H2 2022 - - -
H1 2023 NEG NEG 3.62
H2 2023 NEG NEG 3.19
H1 2024 NEG NEG 2.51
H2 2024 4.13 NEG 1.66
H1 2025 4.48 NEG 1.77

Business Segments (Million)

Compared With The
Period consulting services maintenance and technical support services sale of programs licenses Implementation of program licenses
Q2 2022 17.23 5.38 7.70 -
Q4 2022 14.80 6.35 6.94 -
Q2 2023 13.81 5.22 2.93 3.15
Q4 2023 11.04 5.16 5.26 3.31
Q2 2024 12.23 6.77 6.75 3.19
Q4 2024 10.13 7.96 6.56 5.11
Q2 2025 1.79 8.84 3.29 3.98


Financial Ratios
Current
Market Cap (M Riyal) 75.78
Enterprise Value (EV) (M Riyal) 73.10
Shares Outstanding ((M)) 3.50
Book Value (BV) ( Riyal) 18.07
Par Value ( Riyal) 10.00
Recurring P/E Neg
Price/book 1.20
EV/adj EBITDA 6.77
EV/Revenues 1.53
more

Share Price

Knowledge Net Co.
21.65
0.15 0.70 %

Knowledge Net Co. (KNOWLEDGENET)

More

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.