Saudi Azm Reports SAR 34.74M Net Profit in Nine Months 2026
AZM 7211.SA | 0.00 |
On 2026-04-28 08:01:00 (Saudi Time), Saudi Azm for Communication and Information Technology Co. announced its interim financial results for the nine months ended on March 31, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 75,782,722 | 64,469,729 | 17.547 | 74,668,247 | 1.492 |
| Gross Profit (Loss) | 22,986,104 | 19,874,432 | 15.656 | 22,041,464 | 4.285 |
| Operational Profit (Loss) | 10,554,886 | 7,692,645 | 37.207 | 9,893,068 | 6.689 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 10,946,919 | 8,007,720 | 36.704 | 9,734,704 | 12.452 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 11,149,954 | 8,303,040 | 34.287 | 9,409,550 | 18.496 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 220,405,562 | 189,102,516 | 16.553 |
| Gross Profit (Loss) | 69,781,450 | 55,156,175 | 26.516 |
| Operational Profit (Loss) | 32,553,582 | 23,639,409 | 37.708 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 34,741,509 | 25,389,495 | 36.834 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 34,661,888 | 26,067,389 | 32.97 |
| Total Shareholders Equity (after Deducting Minority Equity) | 160,166,480 | 128,059,177 | 25.072 |
| Profit (Loss) per Share | 0.59 | 0.43 | |
| 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 | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales increased 16.55% YoY to 220.41 million driven by securing new projects and increased revenue from existing projects. Net profit rose 36.83% to 34.74 million, primarily due to a 14.63 million increase in gross profit from higher revenues, reduced finance costs by 0.14 million, increased other income by 0.76 million, and decreased zakat and tax expenses by 0.92 million, despite higher operating expenses of 5.71 million and reduced investment associate results by 2.84 million.
Quarter-on-Quarter Performance Drivers
QoQ revenue increased 1.49% to 75.78 million, driven by securing new projects and increased revenue materialization from existing projects. Net profit rose 12.45% to 10.95 million, primarily due to a 0.94 million increase in gross profit from higher revenue and 0.18 million improvement in associate investment results. However, growth was partially offset by increased operating expenses of 0.28 million and decreased other income of 0.47 million.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. The company reported positive financial performance with total shareholders equity of 160,166,480 SAR, representing a 25.072% increase from the previous year. Earnings per share improved to 0.59 SAR compared to 0.43 SAR in the prior year period.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94718&anCat=1&cs=7211&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.