Tamkeen Human Resource Co. announces its Annual Financial results for the period ending on 2025-12-31

Corporate Segment: Revenues from corporate services at the Company and its subsidiaries recorded exceptional growth of 50.1%, increasing by SAR 265.3 million compared to the previous year. This growth was primarily driven by a 45.7% increase in the average number of resources within the corporate segment, in response to growing customer demand for services across the segment’s various activities.

Individual Segment: Revenues from the individual segment increased by SAR 27.1 million, representing a growth rate of 14.1%, driven by an 8.5% increase in the average number of resources. This reflects continued stable demand for the segment’s services and improved operational activates

Revenue Growth: The Group’s revenues increased by 40.5% compared to 2024.

Gross Profit Improvement: Gross profit increased by 33.8% compared to 2024, mainly driven by a 34.6% increase in gross profit from the corporate segment and a 30.0% increase in gross profit from the individual segment.

Operating Profit Growth: Operating profit increased by 33.3% compared to 2024, despite a 24.1% increase in general and administrative expenses and marketing expenses. The increase in expenses was primarily attributable to higher employee salaries, benefits, commissions, and bonuses, in line with the Company’s strategy to invest in human capital, in addition to the recognition of precautionary provisions for withholding tax.

Expected Credit Loss Provision: The expected credit loss provision increased by SAR 7.9 million, based on the expected credit loss model prepared by an external consultant, in line with the growth in trade receivables resulting directly from the Company’s revenue growth.

Decline in Other Non-Operating Income: Other non-operating income decreased by SAR 10.4 million compared to the previous year, mainly due to the non-recuring of gains from asset disposals recorded in 2024, which amounted to SAR 9.6 million. These gains resulted from the sale of a land plot owned by the Company in Al Narjis District for a total value of SAR 13.1 million, generating a capital gain of SAR 9.6 million after deducting the land’s carrying value of SAR 3.5 million.

Adjusted Net Profit Growth: It is worth noting that net profit attributable to the Company’s shareholders (excluding the capital gain from the land sale recognized in 2024) increased by 25.2%, representing an increase of SAR 19.2 million.