Purity’s H1 2024/25 net profit surges to SAR 2.3M

10/02/2025 Argaam Exclusive

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Purity for Information Technology Co. reported a net profit of SAR 2.3 million for the six months ended Dec. 31, 2024, a more than eight-fold increase from SAR 277,000 in the year earlier period.

Revenue increased 77.87% to SAR 56.98 million as customer portfolio grew on obtaining new projects and contracts from the public and private sectors. The company also cited a focus on infrastructure projects as well as information technology services along with other services.

 

The earnings’ surge was also backed by an increase in gross profit, lower general and administrative expenses and a SAR 208,734 drop in financing costs and a SAR 67,838 decline in Zakat.



Current Half Annual Comparison (M)

Compared With The
Item H1 2024 H1 2025 Change‬
Revenues 32.04 56.99 77.9 %
Gross Income 5.74 7.43 29.4 %
Operating Income 1.50 3.25 116.4 %
Net Income 0.28 2.30 731.4 %
Average Shares 12.00 15.00 25.0 %
Earnings Per Share before unusual items (Riyals) 0.02 0.15 565.1 %
EPS (Riyals) 0.02 0.15 565.1 %

Total shareholders’ equity, no minority interest, stood at SAR 41.09 million by Dec. 31, 2024, compared to SAR 16.07 million a year earlier.

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Share Price

Purity for Information Technology Co.
21.00
0.20 0.96 %

Purity for Information Technology Co. (PURITY)

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Financial Ratios
Current
Market Cap (M Riyal) 312.00
Enterprise Value (EV) (M) 329.96
Shares Outstanding ((M)) 15.00
Book Value (BV) ( Riyal) 1.45
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) More than 100
Price/book 17.92
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