| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 9,465 | 7,407 | 27.78 | ||
| Gross Profit (Loss) | 3,678 | 3,031 | 21.35 | ||
| Operational Profit (Loss) | 2,030 | 1,700 | 19.41 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 2,090 | 1,826 | 14.46 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 2,037 | 1,808 | 12.66 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 3,621 | 5,293 | -31.59 | ||
| Profit (Loss) per Share | 26.86 | 23.51 | |||
| 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 year compared to the last year | Revenue increased by 27.78% (SAR 2,058 million), the increase in revenue resulted from an increase in Digital Business revenue by 22.97%, increase in Business Process Outsourcing revenue by 43.31%, increase in Professional Services revenue by 18.95%. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The Company achieved a net profit after Zakat of SAR 2,090 million for the year ended 31 December 2025, with an increase of 14.46% (SAR 264 million) compared to the comparative year, as a result of the following: Increase in revenue by 27.78% (SAR 2,058 million), which lead to an increase in gross profit by 21.35% (SAR 647 million). Operating expenses increased by 23.65% (SAR 315 million), mainly due to an increase in general and administrative expenses by SAR 192 million, an increase in selling and marketing expenses by SAR 67 million, an increase in depreciation and amortization expenses by SAR 55 million, an increase in research and development expenses by SAR 29 million, and increase in impairment of non-current assets by SAR 9 million. This was offset by a decrease in expected credit loss expenses by SAR 37 million. Regarding other items impacting the net profit, finance expenses increased by SAR 78 million this was attributable to the new loan obtained by the company during the year, and the share of loss from associates increased by SAR 2 million, the fair value gains from revaluation of investments through profit or loss decreased by SAR 10 million, there was also a decrease of Income from Murabaha deposit by SAR 10 million and a decrease in other income by SAR 46 million. Furthermore, the Zakat expense decreased by SAR 81 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 opinion |
| 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 and reclassified to conform to the current period presentation. For more information, please refer to note 39 in the consolidated financial statements for the year ended 31 December 2025. |
| Additional Information | - Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the year ended 31 December 2025, amounted to SAR 2,285 million with an increase of 20.33% compared to prior year. - With reference to the previously announced information in the financial results for the period ended 30 June 2025, regarding the completion of the acquisition of Thiqah Business Services Company, the Company would like to clarify that, as part of the audit procedures of Thiqah Business Services Company for the year ended 31 December 2025, certain prior years balances have been restated which resulted in an adjustment to Thiqah Business Services Company's net asset balances as of the acquisition date, with a reduction of SAR 311.4 million. This reduction was reflected in Elm Company's retained earnings, in accordance with the accounting treatment of the transaction. Accordingly, the total reduction in the retained earnings balance after adjustment will amount to SAR 3,121.8 million instead of SAR 2,810 million. It should be noted that this procedure is of an accounting nature and does not have any impact on Elm Company’s business plans. For more details, please refer to Note 40 in the notes accompanying the consolidated financial statements. - The Company will host an Earnings Conference Call with investors and analysts to discuss the Full-Year 2025 Results on Monday, 02 March 2026, at 4:00 PM (KSA time). Shareholders who are registered on “Tadawulaty” will be notified via text message explaining the process to participate in the call. We are pleased to receive your inquiries by contacting Investor Relations Department through the following channels: Tel: (+966) 112503962 Email: ir@elm.sa |
