Tam Development Co. announces its Interim Financial results for the period ending on 2025-06-30 ( Six Months )
| Element List | Current Period | Similar period for previous year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 79,973,866 | 120,700,929 | -33.742 | ||
| Net profit (Loss) | 35,848,658 | 37,747,746 | -5.03 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 145,254,764 | 136,725,609 | 6.238 | ||
| Profit (Loss) per Share | 3.52 | 3.47 | |||
| 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 | - | - | |
| Accumulated Losses | - | - | |
| 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 | TAM recorded revenues of SAR 79,973,866 in H1 2025 compared to SAR 120,700,929 in the same period last year, representing a 33.7% decline, mainly due to a temporary delay in consulting sales, resulting from the extended awarding cycle of new projects in the public sector and the normal phasing of certain project milestones in existing contracts to H2 of FY2025.
The decline in consulting revenues was partly offset by a strong performance at the TAM’s digital solutions segment, where revenues reached 21,357,697 in H1 2025, up by a strong 31% y-o-y. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Net profit increased 1.6% y-o-y to SAR 11,613,418 in H1 2025, despite higher finance costs of SAR 1,310,131 compared to SAR 369,637 million in the same period last year. The increase in net profit margin to 14.5%, up from 9.5% in H1 2024, reflects better project mix and improved gross profitability, along with improved operating efficiency and cost control, which offset revenue pressures and higher funding costs during the period. However, it must be noted that as the lower-margin project milestones resume, management expects profitability to normalize in H2 2025. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | Not Applicable |
| Additional Information | Not Applicable |
| Attached Documents |  |
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