premargin

Sign In Sign Upعربي

Al Mawarid Manpower Co. announces its Interim Financial results for the Period Ending on 2026-03-31 ( Three Months ) | premargin

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	758.49	588.68	28.845	719.17	5.467
Gross Profit (Loss)	78.05	53.28	46.49	66.94	16.596
Operational Profit (Loss)	57.62	34.08	69.072	44.25	30.214
Net Profit (Loss) Attributable to Shareholders of the Issuer	52.18	29.94	74.281	39.16	33.248
Total Comprehensive Income Attributable to Shareholders of the Issuer	54.78	31.16	75.802	43.04	27.276
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Shareholders Equity (after Deducting Minority Equity)	532.82	410.42	29.823
Profit (Loss) per Share	2.61	1.5
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	-	-
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	The Group’s revenues during the current quarter increased by SAR 170 million, representing a growth of 29% compared to the same quarter of the prior year. This growth was primarily driven by the increase in the average workforce by 18%, reflecting the expansion of operations and improved operational efficiency. The following details the impact of the company's operating segments on the overall results: • Revenues from the Corporate segment increased by SAR 144 million, representing an increase of 31%, driven by a 18% increase in the average workforce, in line with higher demand for the Group’s services. The increase also includes higher revenues from headhunting and Isnad Saudis which grew by SAR 33 million, representing an increase of 239% compared to the same quarter of the prior year. • Revenues from the Individual segment increased by SAR 26 million, representing an increase of 21%, supported by a 19% increase in the average workforce and improved utilization rates.
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 Group’s net profit for the current quarter increased compared to the same quarter of the prior year by SAR 22 million, representing a growth of 74%. This improvement was primarily driven by the following factors: • Increase in gross profit by SAR 24.8 million, representing a growth of 46%, driven primarily by higher revenues and improved margin in the Individual segment. The Corporate segment contributed SAR 12.7 million to the increase, while the Individual segment contributed SAR 12.1 million, In addition, the gross profit margin in the Individual segment improved to 17% in the current quarter, compared to 11% in the same quarter of the prior year. • Increase in general, administrative, and marketing expenses by SAR 3.4 million primarily due to higher workforce-related costs in line with the Group’s strategy to enhance workforce utilization. • Increase in expected credit loss on trade receivables and other current assets by SAR 0.4 million compared to the same quarter of the prior year, in line with IFRS 9 ECL model. • Increase in other operating income by SAR 2.6 million, mainly driven by higher returns on time deposits and receipts from HRDF.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The Group’s revenues during the current quarter compared to previous quarter increased by SAR 39 million, representing a growth of 5%. This growth was primarily driven by Increase in the average workforce by 5%, reflecting the continued expansion of operations. . The following details the impact of the company's operating segments on the overall results: • Revenues from the Corporate segment increased by SAR 20 million, representing 3%, driven by a 3% rise in the average workforce, in line with higher demand for the Group’s services. • Revenues from the Individual segment grew by SAR 19 million, representing an increase of 15%, supported by a 9% increase in the average workforce and improved utilization rates.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The Group’s net profit for the current quarter compared to the previous quarter increased by SAR 13 million, representing a growth of 33%. This improvement was primarily driven by the following factors: • Increase in gross profit by SAR 11 million, representing a growth of 17%, driven primarily by higher revenues and improved margin in the Individual segment resulting from seasonality high demand relates to the month of Ramadan. The Individual segment contributed SAR 9.8 million, reflecting a high operating rate, while the corporate segment contributed SAR 1.3 million. • Decrease in general, administrative, and marketing expenses by SAR 4 million primarily reflecting a decrease in advertising, marketing and certain other expenses during the current quarter compared to the previous quarter. • Increase in expected credit loss on trade receivables and other current assets by SAR 2,97 million compared to the previous quarter, in line with the application of the IFRS 9 ECL model. • Increase in other operating income by SAR 1.2 million, mainly driven by higher returns on time deposits and receipts from HRDF.
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)	The condensed consolidated interim financial statements of the Group for the three-months period ending 31 March 2025 were reviewed by another auditor, who expressed an unmodified conclusion on those statements on 13 May 2025.
Reclassification of Comparison Items	Certain comparative figures have been reclassified to conform with the current year’s presentation. The key change relates to the presentation of other operating income and other income as separate line items within the statement of profit or loss and other comprehensive income, to enhance clarity and transparency.
Additional Information	Earnings per share for comparative period have been adjusted retrospectively based on the adjusted weighted average number of shares (20 million shares). This adjustment reflects the impact of the bonus share issuance approved by the Extraordinary General Assembly held on February 10, 2026, which increased the capital from SAR 150 million (15 million shares) to SAR 200 million (20 million shares), so that earnings per share during Q1 2025 amount to SAR 1.50 instead of SAR 2.00 as reported in the Q1 2025 condensed consolidated interim financial statements.