Elm generates higher net profits in 9M-26 amid SAR 7.7bn revenue

ELM
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Riyadh — Mubasher: Elm Company announced its interim financial results for the first nine months (9M) of 2026, reporting a net profit of SAR 1.95 billion, according to a bourse filing.

The net income represented an increase of 18.43% compared to the SAR 1.64 billion net profit recorded in 9M-25.

Earnings per share (EPS) for the nine-month period rose to SAR 24.99 in 9M-26 from SAR 21.13 in 9M-25.

Total shareholders' equity reached SAR 4.86 billion as of 30 September 2026.

The company’s revenue grew by 16.99% to SAR 7.79 billion in January-September 2026 from SAR 6.66 billion a year earlier.

The revenue growth was primarily fueled by a 21.43% increase in the digital business sector, alongside gains in business outsourcing and professional services.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) for the 9M-26 period stood at SAR 2.17 billion, a 24.19% year-on-year increase.

For the third quarter (Q3) of 2026, Elm achieved a net profit of SAR 778 million, marking a 39.18% rise from the SAR 559 million reported in the corresponding quarter of 2025.

Quarterly revenue grew by 10.10% to SAR 2.79 billion. The company attributed the improved quarterly performance to higher gross profits and a 2.75% reduction in operating expenses, supported by lower general and administrative costs and decreased expected credit loss provisions.

Source: Mubasher Source: {{details.article.source}}