Arabian Internet and Communications Services Company (solutions) announces its interim condensed consolidated financial results for the period ending on 31-03-2025 (three months)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 2,824 | 2,809 | 0.533 | 3,731 | -24.309 |
| Gross Profit (Loss) | 616 | 619 | -0.484 | 738 | -16.531 |
| Operational Profit (Loss) | 371 | 370 | 0.27 | 406 | -8.62 |
| Net profit (Loss) | 361 | 353 | 2.266 | 327 | 10.397 |
| Total Comprehensive Income | 353 | 198 | 78.282 | 323 | 9.287 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 4,364 | 3,525 | 23.801 |
| Profit (Loss) per Share | 3.03 | 2.97 | |
| 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 | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | The increase in revenues for the current quarter by 0.5% as compared to the comparable quarter of last year was mainly due to the increase in each of IT Managed and Operational Services by 28.6% and Digital Services by 2.6%, despite the decrease in Core ICT Services by 13.8%. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The increase in net profit for the current quarter by SAR 7 million as compared to the comparable quarter of last year was mainly due to:
- The decrease in operating expenses by SAR 4 million, as a result of the decrease in selling and distribution expenses by SAR 35 million, despite the increase in general and administration expenses by SAR 31 million.
-The booking of total other income (expenses) in an amount of SAR 20 million as compared to SAR (20) million, mainly due to the decrease in net other expenses by SAR 42 million.
On the other side:
- Gross profit decreased by SAR 3 million, as a result of the increase in cost of revenues by SAR 18 million, despite the increase in revenues by SAR 15 million.
- Zakat and tax charge increased by SAR 32 million. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The decrease in revenues for the current quarter by 24.3% as compared to the previous quarter was mainly due to the decrease in each of Core ICT Services by 29.1%, IT Managed and Operational Services by 24.0%, and Digital Services by 6.2%. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The increase in net profit for the current quarter by SAR 34 million as compared to the previous quarter was mainly due to:
- The decrease in operating expenses by SAR 88 million, as a result of the decrease in each of selling and distribution expenses by SAR 53 million, and general and administration expenses by SAR 35 million.
- The booking of total other income (expenses) in an amount of SAR 20 million as compared to SAR (23) million mainly due to the decrease in net other expenses by SAR 32 million.
- The decrease in zakat and tax charge by SAR 18 million.
On the other side: -The gross profit decreased by SAR 122 million as a result of the decrease in revenues by SAR 907 million which was offset by a decrease in cost of revenues by SAR 785 million. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| 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 | Earnings before interest, taxes, zakat, depreciation and amortization (EBITDA) for the current quarter amounted to SAR 448 million as compared to SAR 440 million for the comparable quarter of last year, with an increase of 1.8%.
Basic earnings per share (EPS) was calculated based on the weighted average number of ordinary traded shares which stands at 119,000 (in thousand) shares for the three-months period ended in 31st March 2025. |
Comments