MIS Reports SAR 12.14M Net Profit in Three Months 2026
MIS 7200.SA | 0.00 |
On 2026-05-04 15:43:10 (Saudi Time), Al Moammar Information Systems Co. (MIS) 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 | 314.9 | 405.6 | -22.361 | 282.18 | 11.595 |
| Gross Profit (Loss) | 74.07 | 81.93 | -9.593 | 66.6 | 11.216 |
| Operational Profit (Loss) | 27.05 | 24.75 | 9.292 | -20.96 | - |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 12.14 | 33.85 | -64.135 | 4.86 | 149.794 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 12.04 | 34.19 | -64.785 | 4.16 | 189.423 |
| 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) | 333.8 | 454.92 | -26.624 |
| Profit (Loss) per Share | 0.4 | 1.13 | |
| 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 declined 22.361% YoY to SAR 314.9 million primarily due to the completion of a Data Centers division project early in the quarter, despite growth in the ICT core business. Net profit dropped 64.135% YoY to SAR 12.14 million, mainly driven by a one-time investment gain of SAR 25.8 million recorded in the prior year quarter that did not recur. However, operational profit increased 9.292% due to cost efficiencies including reduced general administration expenses by SAR 10.39 million and lower selling and marketing expenses by SAR 2 million.
Quarter-on-Quarter Performance Drivers
QoQ revenue increased 11.595% to SAR 314.9 million, primarily driven by growth in the ICT core business. Net profit surged 149.794% from SAR 4.86 million to SAR 12.14 million, supported by improved project profitability that boosted gross profit from SAR 66.6 million to SAR 74.07 million. The company achieved a dramatic turnaround in operational performance, moving from an operational loss of SAR 20.96 million in the previous quarter to an operational profit of SAR 27.05 million, mainly due to reduced non-cash provisions for expected credit losses.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. No accumulated losses were reported, and total shareholders' equity stood at SAR 333.8 million. The company maintained profitability with earnings per share of SAR 0.4 for the current quarter and demonstrated improved gross profit margins of 23.5% compared to 20% in the similar quarter last year.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94927&anCat=1&cs=7200&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.