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Elm Company announces its Interim Consolidated Financial results for the period ended 31-03-2026 (Three Months)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 2,472 | 1,877 | 31.699 | 2,808 | -11.965 |
| Gross Profit (Loss) | 1,049 | 772 | 35.88 | 969 | 8.255 |
| Operational Profit (Loss) | 612 | 471 | 29.936 | 462 | 32.467 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 656 | 495 | 32.525 | 446 | 47.085 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 639 | 484 | 32.024 | 428 | 49.299 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 3,932 | 5,489 | -28.365 |
| Profit (Loss) per Share | 8.43 | 6.38 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | Revenue increased by 31.70% (SAR 595 million), the increase in revenue resulted from an increase in Digital Business revenue by 28.00%, increase in Business Process Outsourcing revenue by 43.21%, increase in Professional Services revenue by 30.43%. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The Company achieved a net profit after Zakat of SAR 656 million for the period ended 31 March 2026, with an increase of 32.53% (SAR 161 million) compared to the comparative quarter from prior year, as a result of the following: Increase in revenue by 31.70% (SAR 595 million), which lead to an increase in gross profit by 35.88% (SAR 277 million). Operating expenses increased by 45.18% (SAR 136 million), mainly due to an increase in general and administrative expenses by SAR 64 million, an increase in depreciation and amortization expenses by SAR 39 million, an increase in expected credit loss expenses by SAR 26 million, an increase in selling and marketing expenses by SAR 11 million. This was offset by decrease in research and development expenses by SAR 2 million and decrease in impairment of non-current assets by SAR 2 million. In relation to the other items impacting net profit, the Company recognized non-recurring gains amounting to SAR 59 million, arising from the remeasurement at fair value of its previously held interest in an associate, as a result of completing the acquisition of a controlling interest during the period, this was offset by increase in finance costs by SAR 29 million, and the share of loss from associates and joint ventures increased by SAR 2 million, the fair value gains from revaluation of investments through profit or loss decreased by SAR 1 million, there was also a decrease of Income from Murabaha deposit by SAR 1 million and increase in Zakat expense by SAR 7 million. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Revenue decreased by 11.97% (SAR 336 million), the decrease in revenue resulted from a decrease in Digital Business revenue by 10.16%, decrease in Business Process Outsourcing revenue by 18.71%. This was offset by an increase in Professional Services revenue by 25.00%. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The Company achieved a net profit after Zakat of SAR 656 million for the period ended 31 March 2026, with an increase of 47.09% (SAR 210 million) compared to the prior quarter, as a result of the following: Increase in gross profit by 8.26% (SAR 80 million). Decrease in operating expenses by 13.81% (SAR 70 million), as a result of the decrease in selling and marketing expenses by SAR 44 million, decrease in impairment of non-current assets by SAR 29 million, a decrease in research and development expenses by SAR 21 million, decrease in expected credit loss expenses by SAR 10 million. This was offset by an increase in general, and administrative expenses by SAR 28 million, an increase in depreciation and amortization expenses by SAR 6 million. In relation to the other items impacting net profit, the Company recognized non-recurring gains amounting to SAR 59 million, arising from the remeasurement at fair value of its previously held interest in an associate, as a result of completing the acquisition of a controlling interest during the period, an increase of Income from Murabaha deposit by SAR 10 million and increase in the fair value gains from revaluation of investments through profit or loss by SAR 1 million. This was offset by the share of loss from associates and joint ventures increased by SAR 6 million and increase in finance costs by SAR 1. Furthermore, the Zakat expense increased by SAR 4 million. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | Not applicable |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified to conform to the current period presentation. For more information, please refer to note 23 interim condensed consolidated financial statement for the period ended 31 March 2026. |
| Additional Information | - Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the period ended 31 March 2026, amounted to SAR 691 million with an increase of 35.23% compared to the comparative quarter from prior year. - During the period, the Company completed the acquisition of a controlling interest in an associate (step acquisition). The acquisition has been recognized based on the provisional fair values of the net assets acquired as at the acquisition date, in accordance with the International Financial Reporting Standards (IFRS) endorsed in the Kingdom of Saudi Arabia. For further details, please refer to Note (24) of the notes to the interim condensed consolidated financial statements for the period ended 31 March 2026. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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