WSM for Information Technology Co. announces its Interim Financial results for the period ending on 2025-06-30 (Six Months)
| Element List | Current Period | Similar period for previous year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 28,158,835 | 14,992,913 | 87.814 | ||
| Net profit (Loss) | 3,114,446 | 1,543,578 | 101.767 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 48,653,110 | 39,294,764 | 23.815 | ||
| Profit (Loss) per Share | 1.45 | 0.72 | |||
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | The company's revenues for the current period increased by 88% compared to the same period of the previous year due to the acquisition of new projects and the diversification of its customer base, in addition to the increase in the completed works related to existing project contracts.
The company's expansion strategy was also reflected on its business through the acquisition of WASL Technology Information Systems Company that was also positively reflected in the financial performance for the financial period ending 30 June 2025. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The company's net profit for the current period increased to SAR 3,114,446 million compared to the same period of the previous year to SAR 1,543,578 due to the increase in the company's total profit and the efficiency of the company's expenses management. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | Some comparative figures for the past period have been reclassified to align with the current period view. |
| Attached Documents |  |
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