| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 557,386 | 419,235 | 32.95 | ||
| Gross Profit (Loss) | 78,355 | 66,750 | 17.39 | ||
| Operational Profit (Loss) | 49,139 | 47,972 | 2.43 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 51,869 | 48,871 | 6.13 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 48,771 | 48,290 | 1 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 284,938 | 164,449 | 73.27 | ||
| Profit (Loss) per Share | 1.94 | 1.95 | |||
| All figures are in (Thousands) 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 (Thousands) 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 | Revenues Axelerated Solutions increased by 32.9% to reach SAR 557 million in 2025, compared to SAR 419 million in 2024. This increase is mainly attributed to securing new projects, in addition to higher revenues from existing projects. Software and licensing revenues increased by more than 80%, while revenues from the managed services, operations, and professional services segment increased by 27%, reflecting the company’s successful strategic shift toward higher-margin sectors. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | Axelerated Solutions achieved a net profit attributable to shareholders of SAR 51.8 million in 2025, representing an increase of 6% compared to the previous year. This increase is mainly due to the following reasons - Revenues increased by SAR 138.1 million compared to the previous year, supporting gross profit growth - Gross profit increased by 17.3% to reach SAR 78.3 million in 2025, compared to SAR 66.7 million in 2024 |
| 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) | NA |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified to conform with the classification used for the period ended 31 December 2025 |
| Additional Information | During 2025, the Company finalized the reports related to the allocation of the fair value of the net assets arising from the acquisition of Wadi Al-Jarrar Software Solutions Company. This resulted in the reversal of the provisional goodwill previously recognized in 2024. Additionally, intangible assets (trademark) were recognized as part of the purchase price allocation, along with the corresponding amortization expenses recorded during the period. Moreover, the subsidiary, Wadi Al-Jarrar Software Solutions Company, reported operating losses, which contributed to a decline in the net profit margin. Management is focused on advancing its strategic vision and driving the transition towards profitability. Furthermore, the provision for expected credit losses (accounts receivable) increased in 2025 compared to 2024, with the increase amounting to SAR 3.4 million. |
