Tamkeen HR Reports SAR 53.8M Net Profit in the Six Months 2026
TAMKEEN 1835.SA | 0.00 |
On 2026-08-05 08:05:30 (Saudi Time), Tamkeen Human Resource Co. announced its Interim financial results for the six months ended on June 30, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 273 | 265.2 | 2.941 | 266.2 | 2.554 |
| Gross Profit (Loss) | 45.3 | 46.6 | -2.789 | 42.9 | 5.594 |
| Operational Profit (Loss) | 27.9 | 27 | 3.333 | 25.7 | 8.56 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 28.1 | 26.7 | 5.243 | 25.8 | 8.914 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 28.3 | 27.8 | 1.798 | 26.1 | 8.429 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 539.2 | 508 | 6.141 |
| Gross Profit (Loss) | 88.2 | 95.6 | -7.74 |
| Operational Profit (Loss) | 53.6 | 52.2 | 2.681 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 53.8 | 52.3 | 2.868 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 54.4 | 53.4 | 1.872 |
| Total Shareholders Equity (after Deducting Minority Equity) | 375.62 | 348.03 | 7.927 |
| Profit (Loss) per Share | 2.03 | 1.97 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
For the six-month period ending 30 June 2026, consolidated sales/revenue increased by 6.141% YoY to SAR 539.2 million (from SAR 508.0 million), driven primarily by a 26.0% surge in the Individual Services segment (equivalent to SAR 27.5 million) due to a 21.7% rise in the average number of resources, complemented by a modest 0.9% increase in the Corporate segment (SAR 3.7 million) despite an 8.0% decline in average resources amid market competition and pricing pressure. Net profit attributable to shareholders rose 2.868% YoY to SAR 53.8 million (from SAR 52.3 million), supported by the revenue growth and a SAR 9.3 million decrease in the provision for expected credit losses, though partially offset by a 7.74% decline in gross profit — largely due to a 17.3% drop in Corporate segment gross profit from competitive pricing pressure — and a 1.4% increase in general and administrative and marketing expenses driven by higher employee salaries and benefits from the Company's investment in human capital.
Quarter-on-Quarter Performance Drivers
QoQ revenue rose 2.6% to SAR 273 million, driven by a 4.7% increase (SAR 9.3 million) in Corporate segment revenue on higher resource deployment, partially offset by a 3.7% decline (SAR 2.5 million) in Individual Services revenue. Net profit attributable to shareholders grew 8.9% QoQ to SAR 28.1 million (vs. SAR 25.8 million in Q1 2026), supported by a 5.7% rise in gross profit — led by a 38.9% surge (SAR 3.5 million) in Individual Services gross profit — and an 8.6% increase in operating profit, aided by a 3.0% reduction in G&A and marketing expenses. Partially offsetting these gains, the expected credit loss provision swung to a charge of SAR 0.3 million from a reversal of SAR 0.5 million in the prior quarter.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, reservations, or adverse opinions noted. Comparative figures have been reclassified to conform to the presentation adopted for the period ended 30 June 2026. No accumulated losses, no fair value changes on investment properties, and no material risk warnings regarding going concern or debt default were disclosed in this announcement.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97264&anCat=1&cs=1835&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/23993_6533_2026-08-04_21-42-52_en.pdfImportant 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.