Saudi Azm Reports SAR 51.00M Net Profit in the Twelve Months 2026
AZM 7211.SA | 0.00 |
On 2026-08-02 08:04:10 (Saudi Time), Saudi Azm for Communication and Information Technology Co. announced its Annual financial results for the year ended on June 30, 2026.
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 307,363,006 | 253,158,857 | 21.41 | ||
| Gross Profit (Loss) | 99,879,884 | 73,407,818 | 36.06 | ||
| Operational Profit (Loss) | 47,976,406 | 32,282,909 | 48.61 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 50,989,326 | 37,445,172 | 36.17 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 51,980,471 | 38,349,076 | 35.55 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 181,366,750 | 140,805,603 | 28.81 | ||
| Profit (Loss) per Share | 0.87 | 0.64 | |||
| 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 | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | Revenue increased by 21.41% to reach SR 307.36 million during the current year compared to the previous year. primarily as a result of securing new projects and materialisation of more revenue from existing projects. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is |
The Company achieved a net profit attributable to the shareholders of the issuer of SR 50.99 million during the current year, increased by SR 13.54 million (36.17%) as compared to the previous year. The Group’s overall net profit increased by SR 10.77 million (27.45%) as compared to the previous year to reach SR 49.98 million. The increase is mainly driven by the following:
- Increase in gross profit by SR 26.47 million as a result of increase in revenue. - Decrease in finance cost by SR 0.16 million. - Increase in other income by SR 0.10 million. Despite the: - Increase in operating expenses by SR 10.78 million. - Decrease in share of result from investments in associates by SR 3.69 million. - Increase in zakat and income tax expenses by SR 1.50 million. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | - |
| Reclassification of Comparison Items | - |
| Additional Information | - |
Year-on-Year Performance Drivers
Sales/Revenue increased 21.41% YoY to SAR 307.36 million (SAR 307,363,006.00 actual), primarily driven by securing new projects and greater revenue materialisation from existing projects. Net profit attributable to shareholders rose 36.17% to SAR 50.99 million (SAR 50,989,326.00 actual), mainly supported by a SAR 26.47 million increase in gross profit stemming from higher revenue, a SAR 0.16 million decrease in finance costs, and a SAR 0.10 million increase in other income, partially offset by a SAR 10.78 million rise in operating expenses, a SAR 3.69 million decline in share of results from associates, and a SAR 1.50 million increase in zakat and income tax expenses.
Other Items
The external auditor issued an unmodified opinion on Saudi Azm for Communication and Information Technology Co.'s annual financial statements for the year ended 30 June 2026. No additional comments were noted in the auditor's report under any other matter, conservation, notice, disclaimer of opinion, or adverse opinion paragraphs. Gross profit reached SAR 99,879,884, up 36.06% year-on-year, while operational profit stood at SAR 47,976,406, a 48.61% increase. Total comprehensive income attributable to shareholders was SAR 51,980,471, compared to SAR 38,349,076 in the prior year, representing a 35.55% increase. Total shareholders' equity (after deducting minority equity) grew 28.81% to SAR 181,366,750. Earnings per share improved to SAR 0.87 from SAR 0.64 in the previous year. No material risks, going concern uncertainties, accumulated losses, or reclassification of comparative items were reported.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97131&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.