Axelerated Solutions Reports SAR 8.79M Net Profit in the Six Months 2026
AXELERATED SOLUTIONS 9637.SA | 0.00 |
On 2026-08-26 08:25:33 (Saudi Time), Axelerated Solutions for Information and Communication Technology Co. announced its Interim financial results for the six months ended on June 30, 2026.
| Element List | Current Period | Similar period for previous year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 182,677 | 269,197 | -32.14 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 8,788 | 32,665 | -73.096 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 282,526 | 274,944 | 2.757 | ||
| Profit (Loss) per Share | 0.31 | 1.28 | |||
| 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 | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| 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 revenue decreased during the first half of 2026 compared to the corresponding period of the previous year, mainly due to lower revenue from managed and operational services and professional services, in addition to a decrease in software and licensing revenue, as a result of delays in the approval of certain projects. |
| 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 decrease in net profit was mainly attributable to the decline in gross profit, resulting from lower revenue and a decrease in the volume of business executed during the period compared to the corresponding period of the previous year, in addition to a lower gross profit margin resulting from fluctuations in the prices of raw materials used in technical equipment. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified to conform with the presentation of the financial statements for the current period. |
Year-on-Year Performance Drivers
Sales/Revenue declined 32.14% YoY from SAR 269.20 million to SAR 182.68 million, primarily due to lower revenue from managed and operational services, professional services, and software and licensing, driven by delays in the approval of certain projects. Net profit attributable to shareholders fell 73.096% YoY from SAR 32.67 million to SAR 8.79 million, mainly as a result of the decline in gross profit caused by reduced revenue and lower business volumes, compounded by margin compression from fluctuations in the prices of raw materials used in technical equipment.
Quarter-on-Quarter Performance Drivers
The data provided covers a **year-over-year (YoY)** comparison for the six-month period ending June 2026, not a quarter-over-quarter comparison. 无
Other Items
The external auditor issued an unmodified conclusion on the interim financial statements for the six months ended June 30, 2026. Total shareholders' equity (after deducting minority equity) stood at SAR 282,526 thousand, up 2.757% from SAR 274,944 thousand in the same period of the prior year. Earnings per share declined to SAR 0.31 from SAR 1.28 in the corresponding period. No accumulated losses were reported. Certain comparative figures have been reclassified to conform with the presentation of the current period's financial statements.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97801&anCat=1&cs=9637&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.