Riyadh – Mubasher: Elm Company registered net profits totaling SAR 1.17 billion for the first half (H1) 2026, representing a 7.74% increase from SAR 1.09 billion in H1-25.
The company’s revenue for H1-25 climbed by 21.23% to SAR 5 billion, supported by a 22.31% surge in digital business income and an 18.82% rise in business outsourcing revenues.
For the second quarter (Q2) of 2026, net profit reached SAR 513 million, a decline of 13.05% compared to SAR 590 million in Q2-25. This quarterly decrease occurred despite a 12.47% rise in quarterly revenue to SAR 2.53 billion.
The company attributed the lower quarterly profit to a 24.75% increase in operating expenses, which reached SAR 100 million, alongside higher Zakat charges of SAR 35 million compared to a reversal of provisions in the prior-year period.
Earnings per share (EPS) for H1-26 improved to SAR 15.01 from SAR 13.95 a year earlier. Total shareholders' equity grew by 51.03% to reach SAR 4.46 billion.
The company also noted that earnings before interest, taxes, depreciation, and amortization (EBITDA) for the six-month period jumped by 19.65% to SAR 1.30 billion.
At the end of March 2025, the net profits of Elm hiked by 32.52% to SAR 656 million from SAR 495 million in Q1-25.
