solutions posts 2% profit growth to SAR 361M in Q1 2025

Revenues rose 0.5% year-n-year (YoY) mainly due to the increase in IT managed and operational services by 28.6% and digital services by 2.6%.

Operating expenses decreased by SAR 4 million, as a result of the fall in selling and distribution expenses by SAR 35 million.

There was also the allocation of total other income at SAR 20 million as compared to expenses of SAR 20 million, mainly due to a SAR 42 million decrease in net other expenses.

Meanwhile, the firm noted a decrease in revenues of core ICT services by 13.8% and an increase in general and administration expenses by SAR 31 million.

Gross profit decreased by SAR 3 million. Zakat and tax expenses increased by SAR 32 million.

On a quarterly basis, net profit grew 10.39% from SAR 327 million in Q4 2024.

Total shareholders’ equity, excluding minority equity, reached SAR 4.36 billion by March 31, 2025, compared to 3.52 billion a year earlier.

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