International Human Resources Reports SAR 3.88M Net Profit in Three Months 2026
ALDAWLIAH 9545.SA | 0.00 |
On 2026-05-11 08:19:45 (Saudi Time), International Human Resources Co. 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 | 105,962,590 | 74,053,714 | 43.088 | 99,591,364 | 6.397 |
| Gross Profit (Loss) | 11,097,398 | 7,225,737 | 53.581 | 14,790,775 | -24.97 |
| Operational Profit (Loss) | 4,895,519 | 2,914,682 | 67.96 | 8,888,831 | -44.925 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 3,878,377 | 2,207,284 | 75.708 | 7,257,020 | -46.556 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 2,760,433 | 2,206,310 | 25.115 | 2,991,107 | -7.711 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 62,322,240 | 51,847,136 | 20.203 |
| Profit (Loss) per Share | 0.06 | 0.04 | |
| All figures are in (Actual) 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 (Actual) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales increased 43.088% YoY to SAR 105.96 million, driven by strong demand for the company's services resulting in 41.5% growth in workforce supply operations, expansion across existing projects, and new revenues from training and application services not recorded in the prior year. Net profit surged 75.708% YoY to SAR 3.88 million, primarily due to the significant revenue growth and improved operational efficiency with more effective cost management that enhanced profit margins.
Quarter-on-Quarter Performance Drivers
QoQ revenue increased 6.4% to SAR 105.96 million driven by growth in business volume and improved operational performance. However, net profit declined 46.6% to SAR 3.88 million primarily due to higher health insurance expenses from policy expiration in March 2026, causing recognition of remaining prepaid expense balances during the current period.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. The company reported no accumulated losses, with total shareholders' equity increasing 20.203% to SAR 62.32 million compared to the prior year period. Earnings per share improved to SAR 0.06 from SAR 0.04 in the corresponding quarter of the previous year, calculated based on 50,000,000 weighted average ordinary shares outstanding during the period.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95218&anCat=1&cs=9545&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.