| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 2,525 | 2,245 | 12.472 | 2,472 | 2.144 |
| Gross Profit (Loss) | 1,030 | 917 | 12.322 | 1,049 | -1.811 |
| Operational Profit (Loss) | 526 | 513 | 2.534 | 612 | -14.052 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 513 | 590 | -13.05 | 656 | -21.798 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 516 | 569 | -9.314 | 639 | -19.248 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 4,997 | 4,122 | 21.227 |
| Gross Profit (Loss) | 2,079 | 1,689 | 23.09 |
| Operational Profit (Loss) | 1,138 | 985 | 15.532 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 1,169 | 1,085 | 7.741 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 1,154 | 1,053 | 9.591 |
| Total Shareholders Equity (after Deducting Minority Equity) | 4,460 | 2,953 | 51.032 |
| Profit (Loss) per Share | 15.01 | 13.95 | |
| 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 quarter compared to the same quarter of the last year is | Revenue increased by 12.47% (SAR 280 million), the increase in revenue resulted from an increase in Digital Business revenue by 17.41% and an increase in Business Process Outsourcing revenue by 1.13%. This was offset with a decrease in Professional Services revenue by 7.32%. |
| 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 Company achieved a net profit after Zakat of SAR 513 million for the period ended 30 June 2026, with a decrease by 13.05%. (SAR 77 million) compared to the comparative quarter from prior year, as a result of the following: Increase in revenue by 12.47% (SAR 280 million), which led to an increase in gross profit by 12.32% (SAR 113 million). Operating expenses increased by 24.75% (SAR 100 million), mainly due to an increase in selling and marketing expenses by SAR 38 million, an increase in general and administrative expenses by SAR 36 million, an increase in depreciation and amortization expenses by SAR 22 million, and an increase in expected credit loss expenses by SAR 7 million. This was offset by a decrease in research and development expenses by SAR 3 million. In relation to the other items impacting net profit, the share in results from associates and joint ventures increased by SAR 5 million and income from Murabaha deposit increased by SAR 4 million. This was offset by an increase in finance costs by SAR 3 million and a decrease of the fair value gains from revaluation of investments through profit or loss by SAR 4 million, and a decrease in other income by SAR 6 million. In addition, the Company recorded a zakat expense of SAR 35 million during the current quarter, compared to a positive impact of SAR 53 million in the comparative quarter of prior year, which resulted from the reversal of provisions recognized in prior periods. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Revenue increased by 2.14% (SAR 53 million), the increase in revenue resulted from an increase in Digital Business revenue by 5.20%. This was offset by a decrease in Business Process Outsourcing revenue by 2.64%, and a decrease in Professional Services revenue by 36.67%. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The Company achieved a net profit after Zakat of SAR 513 million for the period ended 30 June 2026, with a decrease of 21.80% (SAR 143 million) compared to the prior quarter. as a result of the following: Revenue increased by 2.14% (SAR 53 million), while gross profit decreased by 1.81% (SAR 19 million). Additionally, operating expenses increased by 15.33% (SAR 67 million), as a result of the increase in selling and marketing expenses by SAR 26 million, an increase in general and administrative expenses by SAR 21 million, an increase in expected credit loss expenses by SAR 14 million, and an increase in depreciation and amortization expenses by SAR 7 million. This was offset by a decrease in research and development expenses by SAR 1 million. In relation to the other items impacting net profit, the gain on fair valuation of previously held equity interest in an associate by SAR 59 million, as this represented a non-recurring gain that was recognized in the previous quarter, income from Murabaha deposit decreased by SAR 10 million, and the fair value gains from revaluation of investments through profit or loss decreased by SAR 5 million. This was offset by an increase from the share in results from associates and joint ventures by SAR 7 million, an increase in other income by SAR 1 million, and a decrease in finance costs by SAR 4 million. Furthermore, the Zakat expense decreased by SAR 4 million. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Revenue increased by 21.23% (SAR 875 million), the increase in revenue resulted from an increase in Digital Business revenue by 22.31%, an increase in Business Process Outsourcing revenue by 18.82%, and an increase in Professional Services revenue by 13.79%. |
| 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 Company achieved a net profit after Zakat of SAR 1,169 million for the period ended 30 June 2026, with an increase of 7.74% (SAR 84 million) compared to the comparative period from prior year, as a result of the following: Increase in revenue by 21.23% (SAR 875 million), which led to an increase in gross profit by 23.09% (SAR 390 million). Operating expenses increased by 33.66% (SAR 237 million), mainly due to an increase in general and administrative expenses by SAR 100 million, an increase in depreciation and amortization expenses by SAR 61 million, an increase in selling and marketing expenses by SAR 49 million, and an increase in expected credit loss expenses by SAR 34 million. This was offset by a decrease in research and development expenses by SAR 5 million, and a decrease in impairment of non-current assets by SAR 2 million. In relation to the other items impacting net profit, the Company recognized non-recurring gains amounting to SAR 59 million, arising from the remeasurement at fair value of its previously held interest in an associate, as a result of completing the acquisition of a controlling interest during the period, the share in results from associate and joint ventures increased by SAR 4 million, and the income from Murabaha deposit increased by SAR 3 million. This was offset by an increase in finance costs by SAR 32 million, the fair value gains from revaluation of investments through profit or loss decreased by SAR 6 million, there was also a decrease in other income by SAR 5 million. In addition, the Company recorded a zakat expense of SAR 74 million during the current period, compared to a positive impact of SAR 21 million in the comparative period from prior year, which resulted from the reversal of provisions recognized in prior periods. |
| 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) | Not applicable |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified and restated to conform to the current presentation period. For more information, please refer to note 23 interim condensed consolidated financial statement for the period ended 30 June 2026. |
| Additional Information | - Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the period ended 30 June 2026, amounted to SAR 1,303 million with an increase of 19.65% compared to the comparative period from prior year. - The Company will host an Earnings Conference Call with investors and analysts to discuss the H1 2026 Results on Monday, 03 August 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 |