Elm Company announces its interim consolidated financial results for the period ended 30-09-2025 (Nine Months)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 2,535 | 1,871 | 35.489 | 2,245 | 12.917 |
| Gross Profit (Loss) | 1,071 | 830 | 29.036 | 954 | 12.264 |
| Operational Profit (Loss) | 584 | 494 | 18.218 | 513 | 13.84 |
| Net profit (Loss) | 559 | 498 | 12.248 | 590 | -5.254 |
| Total Comprehensive Income | 556 | 489 | 13.701 | 569 | -2.284 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 6,657 | 5,278 | 26.127 |
| Gross Profit (Loss) | 2,798 | 2,188 | 27.879 |
| Operational Profit (Loss) | 1,568 | 1,292 | 21.362 |
| Net profit (Loss) | 1,644 | 1,329 | 23.702 |
| Total Comprehensive Income | 1,609 | 1,317 | 22.171 |
| Total Shareholders Equity (after Deducting Minority Equity) | 3,487 | 4,783 | -27.095 |
| Profit (Loss) per Share | 21.13 | 17.11 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | Revenue increased by 35.49% (SAR 664 million), the increase in revenue resulted from an increase in Digital Business revenue by 24.67%, increase in Business Process Outsourcing revenue by 71.32%, increase in Professional Services revenue by 62.07%. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The Company achieved a net profit after Zakat of SAR 559 million for the three months period ended 30 September 2025, with an increase of 12.25% (SAR 61 million) compared to the comparative quarter from prior year, as a result of the following:
Increase in revenue by 35.49% (SAR 664 million), which lead to an increase in gross profit by 29.04% (SAR 241 million).
Increase in operating expenses by 44.94% (SAR 151 million), as a result of increase in the general and administration expenses by SAR 138 million, increase in depreciation and amortization expenses by SAR 19 million, increase in selling and marketing expenses by SAR 12 million, increase in research and development expenses by SAR 3 million, on other hand, there was a decrease in the expected credit losses by SAR 20 million, and a decrease in impairment of non-current assets by SAR 1 million.
Regarding other items impacting the net profit, finance expenses increased by SAR 27 million, the share of loss from associates increased by SAR 5 million, income from Murabaha deposits decreased by SAR 4 million, and the fair value gain through profit or loss decreased by SAR 2 million. This was offset by the increase of other income by SAR 7 million.
In addition, the Zakat expense decreased by SAR 2 million. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Revenue increased by 12.92% (SAR 290 million), This increase is mainly due to an increase in Digital Business revenue by 12.81%, an increase in Business Process Outsourcing revenue by 12.92% and increase in Professional Services revenue by 17.07%. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The Company achieved a net profit after Zakat of SAR 559 million for the period ended 30 September 2025, with a decrease of 5.25% (SAR 31 million) compared to the prior quarter, as a result of the following:
Gross profit increased by 12.26% (SAR 117 million), and operating profit increased by 13.84% (SAR 71 million).
Additionally, operating expenses increased by 10.43% (SAR 46 million), mainly due to increase in general and administrative expenses by SAR 34 million, and increase in depreciation and amortization expenses by SAR 13 million and increase in selling and marketing expenses by SAR 9 million, and increase in research and development expenses by SAR 3 million, this was offset by a decrease in expected credit loss expenses by SAR 13 million.
Also, regarding other items impacting the net profit, finance expenses increased by SAR 6 million, decrease in other income by SAR 8 million, increase in the share of loss from associates increased by SAR 5 million, offset by increase of fair value gains from revaluation of investments through profit or loss by SAR 1 million.
Furthermore, the increase in Zakat expense by SAR 84 million was mainly due to the reversal of prior year’s provision amounting to SAR 69 million being recorded in the previous quarter after the zakat assessment completion with Zakat, Tax, and Customs Authority ("ZATCA") for the company’s zakat returns. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Revenue increased by 26.13% (SAR 1,379 million), the increase in revenue resulted from an increase in Digital Business revenue by 23.22%, increase in Business Process Outsourcing revenue by 33.36%, increase in Professional Services revenue by 43.62%. |
| 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 achieved a net profit after Zakat of SAR 1,644 million for the period ended 30 September 2025, with an increase of 23.70% (SAR 315 million) compared to the comparative period from prior year, as a result of the following:
Increase in revenue by 26.13% (SAR 1,379 million), which lead to an increase in gross profit by 27.88% (SAR 610 million).
Operating expenses increased by 37.28% (SAR 334 million), mainly due to an increase in general and administrative expenses by SAR 266 million, an increase in depreciation and amortization expenses by SAR 32 million, an increase in selling and marketing expenses by SAR 22 million, an increase in research and development expenses by SAR 12 million, an increase in expected credit loss expenses by SAR 3 million, and offset by decrease in impairment of non-current assets by SAR 1 million.
Regarding other items impacting the net profit, finance expenses increased by SAR 50 million, the fair value gains from revaluation of investments through profit or loss decreased by SAR 10 million and the share of loss from associates increased by SAR 8 million and a decrease of Income from Murabaha deposit decreased by SAR 4 million.
This was offset by an increase in other income by SAR 16 million.
Furthermore, this was offset by a decrease in Zakat expense by SAR 95 million as a result of the prior years provision reversal amounting to SAR 69 million, after the zakat assessment completion with Zakat, Tax, and Customs Authority ("ZATCA") for the company’s zakat returns. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | Not applicable |
| Reclassification of Comparison Items | Certain comparative figures have been redisplayed, regrouped, and reclassified to conform to the current period presentation. For more information, please refer to note 24 in the interim condensed consolidated financial statements for the period ended 30 September 2025. |
| Additional Information | Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the period ended 30 September 2025, amounted to SAR 1,749 million with an increase of 21.37% compared to the comparative period from prior year. |
Comments