Riyadh – Mubasher: Mawarid Manpower Company logged net profits amounting to SAR 102.21 million for the first half (H1) of 2026, representing a 64.01% leap from SAR 62.32 million in H1-25.
Earnings per share (EPS) increased to SAR 5.11 at the end of June 2026 from SAR 3.12 a year earlier.
The company’s revenue for the first half reached SAR 1.54 billion, up from SAR 1.21 billion in the prior-year period.
This growth was supported by a 17% increase in the average workforce size and a 29% rise in corporate sector revenues, which reached SAR 278 million. The individual sector also saw revenue growth of SAR 51 million, supported by improved utilization rates.
For the second quarter (Q2) of 2026, net profit reached SAR 50.03 million, a 54.51% increase over the SAR 32.38 million reported in the second quarter of 2025.
Quarterly revenue grew to SAR 783.19 million, driven by higher demand for recruitment and Saudi outsourcing services.
Gross profit for the quarter rose to SAR 74.69 million as margins in the individual sector improved to 15.70% from 10.20% a year ago.
Total shareholders' equity, excluding non-controlling interests, hit SAR 588.39 million as of 30 June 2026.
