Arabian Internet and Communications Services Company (solutions) announces its interim condensed consolidated financial results for the period ending on 30-09-2025 (nine months)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 3,098 | 2,753 | 12.531 | 2,902 | 6.753 |
| Gross Profit (Loss) | 707 | 729 | -3.017 | 656 | 7.774 |
| Operational Profit (Loss) | 462 | 485 | -4.742 | 446 | 3.587 |
| Net profit (Loss) | 417 | 463 | -9.935 | 446 | -6.502 |
| Total Comprehensive Income | 391 | 437 | -10.526 | 424 | -7.783 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 8,823 | 8,333 | 5.88 |
| Gross Profit (Loss) | 1,979 | 2,045 | -3.227 |
| Operational Profit (Loss) | 1,279 | 1,255 | 1.912 |
| Net profit (Loss) | 1,224 | 1,270 | -3.622 |
| Total Comprehensive Income | 1,168 | 1,066 | 9.568 |
| Total Shareholders Equity (after Deducting Minority Equity) | 3,993 | 3,683 | 8.417 |
| Profit (Loss) per Share | 10.28 | 10.67 | |
| 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 12.5% as compared to the same quarter of the last year was mainly due to the increase in each of Core ICT Services by 7.4% and IT Managed and Operational Services by 35.4%, despite the decrease in Digital Services by 12.9%. |
| 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 decrease in net profit for the current quarter by SAR 46 million as compared to the same quarter of last year was mainly due to:
- The decrease in gross profit by SAR 22 million, as a result of the increase in cost of revenues by SAR 367 million, despite the increase in revenues by SAR 345 million.
- The increase in operating expenses by SAR 521 thousand, as a result of the increase in selling and distribution expenses by SAR 1.5 million, despite the decrease in general and administration expenses by SAR 1 million.
- The increase in zakat and tax charge by SAR 70 million, mainly due to zakat provision reversal related to prior periods after finalizing the assessments by ZATCA in the same quarter of last year.
On the other side: - Total other expenses decreased by SAR 48 million, mainly due to the decrease in net other expenses. Notably, during the same quarter of last year, the net profit includes the effect of a zakat provision reversal of SAR 73 million and the effect of a one-off non-operating expense of SAR 52 million related to the early retirement program. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The increase in revenues for the current quarter by 6.8% as compared to the previous quarter was mainly due to the increase in each of Core ICT Services by 2.4%, IT Managed and Operational Services by 17.6%, despite the decrease in Digital Services by 3.2%. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The decrease in net profit for the current quarter by SAR 29 million as compared to the previous quarter was mainly due to:
- The booking of total other income\(expenses) in an amount of SAR (6) million as compared to SAR 23 million, mainly due to the booking of net other income (expenses) in an amount of SAR (9) million as compared to SAR 16 million.
- The increase in operating expenses by SAR 35 million, as a result of the increase in each of general and administration expenses by SAR 30 million and selling and distribution expenses by SAR 5 million.
- The increase in zakat and tax charge by SAR 18 million.
On the other side: - Gross profit increased by SAR 51 million, as a result of the increase in revenues by SAR 196 million, which was offset by an increase in cost of revenues by SAR 145 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 | The increase in revenues for the current period by 5.9% as compared to the same period of the last year was mainly due to the increase in each of Core ICT Services by 0.4%, IT Managed and Operational Services by 20.9%, despite the decrease in Digital Services by 5.5%. |
| 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 decrease in net profit for the current period by SAR 46 million as compared to the same period of the last year was mainly due to:
- The decrease in gross profit by SAR 66 million, as a result of the increase in cost of revenues by SAR 556 million, despite the increase in revenues by SAR 490 million.
- The increase in zakat and tax charge by SAR 102 million, mainly due to zakat provision reversal related to prior periods after finalizing the assessments by ZATCA in the same period of the last year.
On the other side:
- Total other income increased by SAR 33 million mainly due to the booking of net other income (expenses) in an amount of SAR 4 million as compared to SAR (31) million.
- Operating expenses decreased by SAR 90 million, as a result of the decrease in selling and distribution expenses by SAR 99 million, despite the increase in general and administration expenses by SAR 9 million.
Notably, during the same period of last year, the net profit includes the effect of a zakat provision reversal of SAR 104 million, and a one-off non-operating income of SAR 68 million. In addition, the one-off non-operating expense of SAR 52 million related to the early retirement program. |
| 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) | The external auditor’s report included a comment mentioned in the Other Matter paragraph, as follows:
The consolidated financial statements of the Group for the year ended 31 December 2024 and the interim condensed consolidated financial information for the three and nine-month periods ended 30 September 2024 were audited and reviewed respectively by another auditor who expressed an unmodified opinion on those statements and an unmodified conclusion on that information on 24 February 2025 and 30 October 2024 respectively. |
| Reclassification of Comparison Items | - |
| Additional Information | Earnings before interest, taxes, zakat, depreciation and amortization (EBITDA) for the current quarter amounted to SAR 538 million as compared to SAR 553 million for the same quarter of the last year, with a decrease of 2.7%. and for the 9 months period amounted to SAR 1,508 million as compared to SAR 1,462 million for the same period of the last year with an increase of 3.1%.
Basic earnings per share (EPS) was calculated based on the weighted average number of ordinary traded shares which stands at 119,018 (in thousand) shares for the nine-months period ended in 30th September 2025. |
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