March 29, 2025 - The company's consolidated revenues for 2024 increased by SAR 80.2 million, representing a 71.5% growth compared to the previous year. This increase was primarily driven by the company’s expansion in the manpower support sector, achieved through adding workers to existing projects and securing strategic contracts with new clients, resulting in a 142% rise in workforce numbers compared to the previous year.
The company reported a 228.74% increase in net income for the year compared to the previous period, due to the following factors:
- Revenue growth of 71.5% compared to the previous year.
- Gross profit increased by 71.78%, supported by higher demand in the company’s core sectors, including manpower support and employment services, consulting services, and training services.
The company's financial statements for 2023 were audited by another auditor, who issued an unmodified opinion on March 28, 2024 (Ramadan 18, 1445 AH).
Comparative figures have been reclassified to align with the current year’s financial statement presentation.
The calculation of basic and diluted earnings per share (EPS) is based on profit attributable to ordinary shareholders and the weighted average number of outstanding shares. As of December 31, 2024, no diluted shares were present, so diluted EPS is the same as basic EPS.