Sure Global Tech 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 | 146,897,923 | 102,422,302 | 43.423 | ||
| Net profit (Loss) | 14,138,496 | 16,172,254 | -12.575 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 122,535,054 | 109,115,085 | 12.298 | ||
| Profit (Loss) per Share | 1.87 | 2.11 | |||
| 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 revenues increased by 43.42% (SAR 44,476 million), mainly because of a 103.52% increase in Infrastructure revenues, a 66.85% increase in Managed Services revenues, and a 7.13% increase in products revenues, as well as by an 8.07% decrease in Digital Services revenues due to some projects nearing completion. |
| 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 had achieved a net profit after zakat and income tax of SAR 14,138 million for the period ending June 30, 2025, a decrease of 12.58% (SAR 2,034 million) compared to the same period of the previous year. This decrease was due to the following:
- An increase in the cost of revenues. This was because of an increase in the prices of some services provided to the company's customers during the first half of 2025. - A decrease in the return on investment in an associate company, resulting in a loss of SAR 1,614 million. - A decrease in other income. On the other hand, operating expenses decreased by 3.11% (SAR 424 thousand), due to a decrease in selling and marketing expenses by SAR 914 thousand and an increase in public and administrative expenses by SAR 904 thousand. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | Nothing |
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