Saudi Networkers Services Reports SAR 18.56M Net Profit in the Six Months 2026
Networkers 9543.SA | 0.00 |
On 2026-08-11 16:29:28 (Saudi Time), Saudi Networkers Services Co.(9543.SA) 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 | 292,461,896 | 297,247,386 | -1.609 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 18,556,978 | 20,597,771 | -9.907 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 117,066,638 | 110,699,435 | 5.751 | ||
| Profit (Loss) per Share | 2.5 | 2.7 | |||
| 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 period compared to the same period of the last year is | Revenue amounted to 292.46 million Saudi riyals, compared to 297.25 million Saudi Riyals in the same period last year, representing a decrease of 4.79 million Saudi riyals represent 1.61%.
The reason for the decrease in revenue is due to a slight decline in business activity. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The net profit amounted to 18.56 million Saudi riyals, compared to 20.60 million Saudi riyals in the same period last year, representing a decrease of 2.04 million Saudi riyals, represent 9.91%.
The decrease in net profit for the period ended 30 June 2026 is mainly attributable to higher expected credit losses and increased Zakat expenses. The decrease in net profit resulted in earnings per share declining to SAR 2.5, compared with SAR 2.7 in the corresponding period of the previous year. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | None |
| Additional Information | The Company reported total equity of SAR 117.1 million, compared with SAR 110.7 million in the corresponding period of the previous year, representing an increase of 5.75%. |
Year-on-Year Performance Drivers
Sales/Revenue declined 1.609% YoY to SAR 292.46 million (from SAR 297.25 million), driven by a slight decline in business activity. Net profit attributable to shareholders fell 9.907% YoY to SAR 18.56 million (from SAR 20.60 million), primarily due to higher expected credit losses and increased Zakat expenses, resulting in earnings per share declining to SAR 2.5 from SAR 2.7 in the prior period.
Other Items
The external auditor issued an unmodified conclusion for the period. Total shareholders' equity increased 5.751% to SAR 117,066,638, compared to SAR 110,699,435 in the corresponding period of the previous year. No reclassification of comparison items was reported, and no material uncertainty, going concern issues, or accumulated losses as a percentage of capital were disclosed in this announcement.
Original announcement:
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