On 2026-07-30 15:53:01 (Saudi Time), Al Moammar Information Systems Co. (MIS) announced its Interim financial results for the six months ended on June 30, 2026.

Year-on-Year Performance Drivers

For the six-month period ended 30 June 2026, sales/revenue increased 28.21% YoY to SAR 910.08 million from SAR 709.83 million, driven by the continued growth of the Group's technology and digital infrastructure projects. Despite the strong top-line performance, net profit attributable to shareholders declined 15.847% YoY to SAR 55.65 million from SAR 66.13 million, primarily due to a capital gain that was realised in the prior year period of 2025 which did not recur in the current period.

Quarter-on-Quarter Performance Drivers

QoQ revenue surged 89.0% to SAR 595.19 million (vs. SAR 314.9 million in Q1 2026), driven by continued growth in the Group's technology and digital infrastructure projects. Net profit jumped 258.401% to SAR 43.51 million from SAR 12.14 million in the prior quarter, with the net profit margin improving to 7.31% compared to 3.85% in Q1 2026. The strong revenue growth flowed through to gross profit, which rose 55.758% to SAR 115.37 million, and operating profit, which grew 94.085% to SAR 52.5 million QoQ.

Other Items

The external auditor issued an unmodified conclusion on MIS's interim financial results for the six months ended 30 June 2026. No additional comments, reservations, or emphasis of matter paragraphs were noted in the auditor's report. No accumulated losses were reported. Year-on-year, the current quarter (Q2 2026) saw revenue rise 95.644% to SAR 595.19 million versus SAR 304.22 million in Q2 2025, with gross profit up 72.916% to SAR 115.37 million and operating profit up 53.643% to SAR 52.5 million, despite absorbing a SAR 19.7 million charge for expected credit losses; net profit attributable to shareholders grew 34.789% to SAR 43.51 million from SAR 32.28 million. Total shareholders' equity (after deducting minority equity) for the current period stood at SAR 377.75 million, compared to SAR 389.58 million in the same period of the prior year, a decline of 3.036%. Earnings per share for the current six-month period were SAR 1.86, compared to SAR 2.2 in the same period of the prior year. Total comprehensive income attributable to shareholders for the six-month period was SAR 55.99 million, versus SAR 64.86 million in the prior year period, a decrease of 13.675%.

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