Elm (7203) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 10.10% YoY to SAR 2,791 million; net profit after Zakat increased 39.18% to SAR 778 million.

• 9M revenue increased 16.99% to SAR 7,788 million, while net profit after Zakat rose 18.42% to SAR 1,947 million.

Financial highlights

• Q3 gross profit rose 18.33% YoY to SAR 1,207 million; operating profit increased 34.08% to SAR 783 million.

• 9M gross profit increased 21.30% to SAR 3,286 million; operating profit rose 22.51% to SAR 1,921 million.

• Q3 revenue rose 10.53% QoQ to SAR 2,791 million; net profit after Zakat increased 51.66% to SAR 778 million.

• 9M total comprehensive income attributable to shareholders rose 19.83% to SAR 1,928 million.

Segment performance

• Q3 revenue growth was led by Digital Business, up 19.90% YoY; Business Process Outsourcing fell 14.16% and Professional Services declined 2.13%.

• QoQ, Digital Business revenue increased 15.26% and Professional Services rose 21.05%; Business Process Outsourcing decreased 4.15%.

• 9M revenue increased across Digital Business (+21.43%), Business Process Outsourcing (+5.77%) and Professional Services (+7.41%).