Itmam Consultancy Reports SAR 2.73M Net Profit in the Six Months 2026
ITMAM 9625.SA | 0.00 |
On 2026-08-25 15:52:55 (Saudi Time), Itmam Consultancy 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 | 24,361,113 | 32,941,816 | -26.048 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 2,731,675 | 6,449,418 | -57.644 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 106,564,593 | 89,786,924 | 18.686 | ||
| Profit (Loss) per Share | 0.13 | 0.31 | |||
| 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 | |||
| 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 | Revenues decreased by 26.05% compared to the corresponding period of 2025, primarily due to a decrease in the value of new projects during the period, delays in completing the contracting procedures for a certain of awarded projects, as well as the postponement of the execution of certain projects for which contracts had been signed. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Net profit decreased by 57.64%, mainly due to the decline in revenues and lower profitability of certain projects executed during the period. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | N/A |
Year-on-Year Performance Drivers
Sales/Revenue declined 26.05% YoY from SAR 32.94 million to SAR 24.36 million, primarily due to a decrease in the value of new projects, delays in completing contracting procedures for certain awarded projects, and the postponement of execution of projects for which contracts had already been signed. Net profit attributable to shareholders fell 57.64% YoY from SAR 6.45 million to SAR 2.73 million, driven by the decline in revenues combined with lower profitability on certain projects executed during the period.
Other Items
The external auditor issued an unmodified conclusion for the interim period ending June 30, 2026. Total shareholders' equity (after deducting minority equity) stood at SAR 106,564,593, compared to SAR 89,786,924 in the same period of the prior year, reflecting an increase of 18.686%. Earnings per share were SAR 0.13 for the current period, down from SAR 0.31 in the corresponding prior-year period. No accumulated losses or fair value changes in investment properties were reported for the period.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97788&anCat=1&cs=9625&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.