Saudi Azm for Communication and Information Technology Co. announces its Interim Financial results for the Period Ending on 2025-03-31 ( Nine Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 64,469,729 | 54,683,808 | 17.895 | 63,951,044 | 0.811 |
| Gross Profit (Loss) | 19,874,432 | 15,603,854 | 27.368 | 16,505,573 | 20.41 |
| Operational Profit (Loss) | 7,692,645 | 5,574,899 | 37.987 | 6,172,434 | 24.629 |
| Net profit (Loss) | 8,795,183 | 5,975,742 | 47.181 | 7,675,299 | 14.59 |
| Total Comprehensive Income | 9,090,155 | 5,985,900 | 51.859 | 8,263,228 | 10.007 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 189,102,516 | 154,530,180 | 22.372 |
| Gross Profit (Loss) | 55,156,175 | 41,366,568 | 33.335 |
| Operational Profit (Loss) | 23,639,409 | 19,808,527 | 19.339 |
| Net profit (Loss) | 26,849,725 | 20,006,703 | 34.203 |
| Total Comprehensive Income | 27,517,270 | 20,673,269 | 33.105 |
| Total Shareholders Equity (after Deducting Minority Equity) | 128,059,177 | 88,591,909 | 44.549 |
| Profit (Loss) per Share | 0.43 | 0.3 | |
| 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 quarter compared to the same quarter of the last year is | Revenue increased by 17.90% to reach SR 64.47 million during the current quarter compared to the similar quarter of last 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 quarter compared to the same quarter of the last year is | The Company achieved a net profit of SR 8.80 million during the current quarter, increased by SR 2.82 million (47.18%) as compared to the similar quarter of last year. The increase was mainly driven by the following:
- Increase in gross profit by SR 4.27 million as a result of increase in revenue. - Increase in other income by SR 1.10 million. Despite the: - Increase in operating expenses by SR 2.15 million. - Decrease in share of result from investment in associates by SR 0.03 million. - Increase in finance cost by SR 0.25 million. - Increase in zakat and income tax expenses by SR 0.13 million. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Revenue increased by 0.81% to reach SR 64.47 million during the current quarter compared to the previous quarter, 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 (loss) during the current quarter compared to the previous one is | The Company achieved a net profit of SR 8.80 million during the current quarter, increased by SR 1.12 million (14.59%) as compared to previous quarter. The increase was mainly driven by the following:
- Increase in gross profit by SR 3.37 million as a result of increase in revenue as well as decrease in cost of revenue. - Decrease in finance cost by SR 0.05 million. - Increase in other income by SR 0.49 million. Despite the: - Increase in operating expenses by SR 1.84 million. - Decrease in share of result from investment in associates by SR 0.80 million. - Increase in zakat and income tax expenses by SR 0.14 million. |
| 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 increased by 22.37% to reach SR 189.10 million during the current period compared to the similar period of last 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 period compared to the same period of the last year is | The Company achieved a net profit of SR 26.85 million during the current period, increased by SR 6.84 million (34.20%) as compared to the similar period of last year. The increase was mainly driven by the following:
- Increase in gross profit by SR 13.79 million as a result of increase in revenue. - Increase in share of result from investment in associates by SR 1.52 million. - Increase in other income by SR 2.68 million. Despite the: - Increase in operating expenses by SR 9.96 million. - Increase in finance cost by SR 0.76 million. - Increase in zakat and income tax expenses by SR 0.43 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 | The Group initiated the preparation of quarterly financial statements from the current year. Accordingly, these are the first interim condensed consolidated financial statements being issued for the comparative period. |
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