Elm Company Reports SAR 656M Net Profit in Three Months 2026
ELM 7203.SA | 0.00 |
On 2026-05-06 15:30:13 (Saudi Time), Elm Company announced its Interim financial results for the three months ended on March 31, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 2,472 | 1,877 | 31.699 | 2,808 | -11.965 |
| Gross Profit (Loss) | 1,049 | 772 | 35.88 | 969 | 8.255 |
| Operational Profit (Loss) | 612 | 471 | 29.936 | 462 | 32.467 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 656 | 495 | 32.525 | 446 | 47.085 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 639 | 484 | 32.024 | 428 | 49.299 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 3,932 | 5,489 | -28.365 |
| Profit (Loss) per Share | 8.43 | 6.38 | |
| 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 | |||
Year-on-Year Performance Drivers
Sales increased 31.699% YoY to SAR 2,472 million, driven by growth across all business segments including a 28% increase in Digital Business revenue, 43.21% growth in Business Process Outsourcing, and 30.43% rise in Professional Services revenue. Net profit rose 32.525% YoY to SAR 656 million, primarily due to the revenue growth leading to a 35.88% increase in gross profit, despite operating expenses rising 45.18% mainly from higher general and administrative expenses, depreciation, and expected credit losses. The profit growth was further supported by SAR 59 million in non-recurring gains from fair value remeasurement of a previously held associate interest upon acquiring controlling stake, though this was partially offset by SAR 29 million increase in finance costs.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 11.97% to SAR 2,472 million, driven by decreases in Digital Business revenue (10.16%) and Business Process Outsourcing revenue (18.71%), partially offset by Professional Services revenue growth of 25.00%. Net profit surged 47.09% to SAR 656 million due to improved gross profit (8.26% increase), reduced operating expenses (13.81% decrease), and non-recurring gains of SAR 59 million from fair value remeasurement of a previously held associate interest following acquisition of controlling stake.
Other Items
Elm Company received an unmodified audit conclusion for its Q1 2026 interim financial statements with no adverse comments, disclaimers, or material uncertainties noted by external auditors. The company shows no accumulated losses, with total shareholders' equity of SAR 3,932 million and earnings per share of SAR 8.43. EBITDA reached SAR 691 million, representing a 35.23% increase compared to the same quarter in the prior year.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95018&anCat=1&cs=7203&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.