Al Mawarid Manpower Co. announces its Interim Financial results for the Period Ending on 2026-06-30 ( Six Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	783.19	624.36	25.438	758.49	3.256
Gross Profit (Loss)	74.69	54.45	37.171	78.05	-4.304
Operational Profit (Loss)	55.62	36.79	51.182	57.62	-3.471
Net Profit (Loss) Attributable to Shareholders of the Issuer	50.03	32.38	54.508	52.18	-4.12
Total Comprehensive Income Attributable to Shareholders of the Issuer	55.58	33.76	64.632	54.78	1.46
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	1,541.69	1,213.04	27.093
Gross Profit (Loss)	152.74	107.73	41.78
Operational Profit (Loss)	113.24	70.88	59.762
Net Profit (Loss) Attributable to Shareholders of the Issuer	102.21	62.32	64.008
Total Comprehensive Income Attributable to Shareholders of the Issuer	110.36	64.92	69.993
Total Shareholders Equity (after Deducting Minority Equity)	588.39	444.18	32.466
Profit (Loss) per Share	5.11	3.12
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 159 million, representing a growth of 25% compared to the same quarter of the prior year. This growth was primarily driven by the following factors: • The average workforce increased by 16%, reflecting the expansion of operations and improved operational efficiency. • Revenues from the Corporate segment increased by SAR 134 million, representing an increase of 27%, driven by a 15% 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 30 million, representing an increase of 169% compared to the same quarter of the prior year. • Revenues from the Individual segment increased by SAR 25 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 by SAR 18 million, representing a growth of 55% compared to the same quarter of the prior year. This improvement was primarily driven by the following factors: • Gross profit increased by SAR 20 million, representing a growth of 37%, driven primarily by higher revenues and margin expansion in the Individual segment. The Corporate segment contributed SAR 9.9 million to the increase, while the Individual segment contributed SAR 10.3 million, reflecting a strong growth of 85%. In addition, the gross profit margin in the Individual segment improved to 15.7% in the current quarter, compared to 10.2% in the same quarter of the prior year • General, administrative, and marketing expenses increased by SAR 4 million primarily due to higher workforce-related costs in line with the Group’s strategy to enhance workforce utilization as well as increase in advertising expenses in line with group’s strategy to meet competition • Other operating income increased by SAR 3 million, mainly driven by higher returns on Murabaha deposits and receipts from HRDF. • Zakat expense increased by approximately SAR 1 million in line with the overall growth in the Group’s operations.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The Group's revenues for the current quarter increased by SAR 25 million representing 3% compared to the previous quarter, primarily due to a 2% increase in the average workforce. Corporate segment revenues increased by 5%, while the Individuals segment slightly declined by 3% due to seasonal fluctuations.
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 decreased by SAR 2 million representing 4% compared to the previous quarter, primarily due to the following factors: • Gross profit from the Hourly sector decreased by SAR 2 million, mainly due to seasonal fluctuations in utilization rates. • General, administrative, and marketing expenses increased by SAR 1.6 million, primarily due to higher workforce-related costs in line with the Group’s strategy to enhance workforce utilization. • Impairment loss on trade receivables decreased by SAR 2 million compared to the previous quarter, reflecting the application of the IFRS 9 ECL model. • Other operating income increased by SAR 0.8 million, mainly driven by higher returns on Murabaha deposits and receipts from HRDF.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is	The Group’s revenues during the current period increased by SAR 329 million, representing a growth of 27% compared to the same period of the prior year. This growth was primarily driven by the following factors: • The average workforce increased by 17%, reflecting the expansion of operations. • Revenues from the Corporate segment increased by SAR 278 million, representing an increase of 29%, driven by a 17% 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 63 million, representing an increase of 199% compared to the same period of the prior year. • Revenues from the Individual segment increased by SAR 51 million, representing 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 period compared to the same period of the last year is	The Group’s net profit for the current period increased by SAR 40 million, representing a growth of 64% compared to the same period of the prior year. This improvement was primarily driven by the following factors: • Gross profit increased by SAR 45 million, representing a growth of 42%, driven primarily by higher revenues and margin expansion in the Individual segment. The Corporate segment contributed SAR 22.5 million to the increase, while the Individual segment also contributed SAR 22.5 million, reflecting a strong growth of 89%. Furthermore, the gross profit margin in the Individual segment improved to 16.3% in the current period, compared to 10.5% in the corresponding period of the prior year. • General, administrative, and marketing expenses increased by SAR 7.5 million primarily due to higher workforce-related costs in line with the Group’s strategy to enhance workforce utilization. • Other operating income increased by SAR 6 million, mainly driven by higher returns on Murabaha deposits and receipts from HRDF. • Zakat expense increased by approximately SAR 2 million in line with the overall growth in the Group’s operations.
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)	None
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 Q2 2025 and H1 2025 amount to SAR 1.62 and 3.12 instead of SAR 2.16 and 4.15, respectively, as reported in the H1 2025 condensed consolidated interim financial statements.