Riyadh – Mubasher: Saudi Manpower Solutions Company (SMASCO) logged net profits worth SAR 44.62 million for the second quarter (Q2) of 2026, marking a 51.10% increase from SAR 29.53 million in the same period last year.
The company attributed the growth to higher demand across its core business segments.
Quarterly revenues rose by 11.08% to SAR 570.74 million, compared to SAR 513.80 million a year earlier.
The corporate services sector saw a 10% revenue increase, while the individual sector grew by 16.80%.
Gross profit for the quarter reached SAR 80.97 million, up 21.46% year-on-year (YoY), supported by improved margins in the individual segment and strategic portfolio diversification.
For the first half (H1) of 2026, net profit reached SAR 93.19 million, reflecting an annual increase of 33.10% from SAR 70.01 million. Half-year revenues climbed by 11.46% to SAR 1.13 billion.
Operating profit for the six-month period stood at SAR 99.25 million, up 21.33% YoY from SAR 81.80 million. Earnings per share (EPS) jumped to SAR 0.23 from SAR 0.18.
Total shareholders' equity, excluding non-controlling interests, was reported at SAR 670.41 million as of 30 June 2026.
