Riyadh — Mubasher: The net profits of Arabian Internet and Communications Services Company (solutions) hit SAR 1.24 billion in the first nine months (9M) of 2026.
The recorded profits were higher by 1.39% than SAR 1.22 billion in 9M-25. Revenue for the period grew by 9.23% to SAR 9.64 billion, supported by a 19.8% expansion in core ICT services. Earnings per share (EPS) improved to SAR 5.21 from SAR 5.14.
In the third quarter (Q3) of 2026, the company posted a net profit of SAR 417 million, remaining flat compared to the corresponding quarter of 2025.
Quarterly revenue jumped by 9.55% to SAR 3.39 billion, fueled by a 20% increase in core ICT services and a 4.90% rise in digital services.
Gross profit for the quarter climbed by 4.95% to SAR 742 million.
The company noted that third-quarter results were impacted by SAR 20 million in costs related to an early retirement program.
Excluding these one-off expenses, net profit growth for the quarter would have reached approximately 5%.
Operating profit for the nine-month period rose by 9.07% to SAR 1.40 billion, while EBITDA reached SAR 1.67 billion.
Total shareholders' equity stood at SAR 4.49 billion as of 30 September 2026, up from SAR 3.99 billion a year earlier.
In the first half (H1) of 2026, solutions logged net profits valued at SAR 824 million, up 2.11% from SAR 807 million in H1-25.
