Tamkeen Human Resource Co. announces its Interim Financial results for the Period Ending on 2026-06-30 ( Six Months )

Revenue from the Individual Services segment recorded notable growth of 19.2%, equivalent to SAR 10.5 million, driven by a 15.7% increase in the average number of resources in response to growing customer demand.

Conversely, revenue from the Corporate segment decreased by 1.3%, equivalent to SAR 2.7 million, due to an 8.4% decline in the average number of resources.

-The Group’s revenue increased by 2.9% compared to the corresponding quarter of the previous year.

-Gross profit decreased by 2.7% compared to the corresponding quarter of the previous year. This was mainly attributable to a 16.9% decrease in the gross profit of the Corporate segment, driven by market competition and pricing pressure. In contrast, the Individual Services segment recorded a 78.8% increase in gross profit.

-Operating profit increased by 3.2% compared to the second quarter of the previous year, despite a 15.9% increase in general and administrative expenses and marketing expenses. The increase in expenses was mainly attributable to higher employee salaries and benefits expenses resulting from the Company’s investment in human capital. In addition, the provision for expected credit losses decreased by SAR 4.5 million, based on the expected credit loss model prepared by the external consultant.

- Revenue from the Corporate segment increased by 4.7%, equivalent to SAR 9.3 million. This growth was driven by a 2.5% increase in the average number of resources, in response to growing customer demand across the various activities of the Corporate segment.

- Conversely, revenue from the Individual Services segment decreased by 3.7%, equivalent to SAR 2.5 million, due to a 5.6% decline in the average number of resources.

-The Company’s consolidated revenue increased by 2.6% compared to the previous quarter.

- Gross profit increased by 5.7% compared to the previous quarter. This was mainly attributable to a 38.9% increase in the gross profit of the Individual Services segment, equivalent to SAR 3.5 million. In contrast, gross profit from the Corporate segment decreased by 3.0%, equivalent to SAR 1.0 million, due to market competition and pricing pressure.

- Operating profit increased by 8.6% compared to the previous quarter. This was mainly attributable to the 5.7% increase in gross profit and the 3.0% decrease in general and administrative expenses and marketing expenses compared to the previous quarter.

In addition, the provision for expected credit losses amounted to SAR 0.3 million in Q2 2026, compared to a reversal of SAR 0.5 million in the previous quarter, based on the expected credit loss model prepared by the external consultant.

- Revenue from the Individual Services segment recorded notable growth of 26.0%, equivalent to SAR 27.5 million, driven by a 21.7% increase in the average number of resources in response to growing customer demand.

- Revenue from the Corporate segment increased by 0.9%, equivalent to SAR 3.7 million, despite an 8.0% decrease in the average number of resources amid market competition and pricing pressure.

- The Company’s consolidated revenue increased by 6.1% compared to the first half of 2025.

- Gross profit decreased by 7.8% compared to the first half of 2025. This was mainly attributable to a 17.3% decrease in the gross profit of the Corporate segment due to market competition and pricing pressure. In contrast, the Individual Services segment recorded a 44.9% increase in gross profit.

- Operating profit increased by 2.7% compared to the first half of 2025, despite a 1.4% increase in general and administrative expenses and marketing expenses. The increase in expenses was mainly attributable to higher employee salaries and benefits expenses resulting from the Company’s investment in human capital.

- In addition, the provision for expected credit losses decreased by SAR 9.3 million, based on the expected credit loss model prepared by the external consultant.