On 2026-03-15 08:25:26 (Saudi Time), Tam Development Co. announced its Annual financial results for the twelve months ended on December 31, 2025.

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year	Revenues came under pressure during the year due to extended award cycles and the deferral of certain grant-related projects’ milestones beyond year-end. Consulting services recorded revenues of SAR 112.8 million in FY 2025, down 51.4% compared to SAR 232.1 million in FY 2024. However, the decline in consulting revenues was partly offset by continued strength in TAM’s digital solutions segment, where revenues reached SAR 59.1 million in FY 2025, up 43.5% year-on-year.
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	Net profit performance reflects the decline in revenue, however, despite the lower absolute net income, net profit margin improved to 12.0% from 11.0% in the prior year, remaining within the Company’s previously communicated guidance range of 10% to 15%. The margin resilience reflects the Company’s stronger gross and operating margin performance, supported by tighter cost control, improved utilization, and a more disciplined overhead structure. This was partially offset by higher finance costs, which increased to SAR 4.0 million from SAR 1.7 million in FY 2024, largely reflecting the precautionary financing facilities secured during the year to preserve liquidity and operational flexibility amid a more uncertain collections environment.
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	To more clarifications about the financial results for the year 2025, you can see the attached press release.
Attached Documents

Year-on-Year Performance Drivers

Sales declined 37.12% YoY to SAR 171.89 million, primarily due to extended award cycles and deferral of grant-related project milestones, with consulting services dropping 51.4% to SAR 112.8 million, partially offset by digital solutions growth of 43.5% to SAR 59.1 million. Net profit decreased 31.72% to SAR 20.58 million despite improved profit margins from 11.0% to 12.0%, reflecting effective cost control and improved utilization that was partially offset by higher finance costs increasing from SAR 1.7 million to SAR 4.0 million due to precautionary financing facilities secured for liquidity preservation.

Other Items

The external auditor issued an unmodified opinion with no additional comments in other matter, conservation, notice, disclaimer of opinion, or adverse opinion paragraphs. The company reported no accumulated losses, indicating a healthy capital position with total shareholders equity increasing 14.43% to SAR 156,451,302.

Original announcement:

Attached PDF document link:

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