Solutions Profit Rises 2% to SAR 361 Million in Q1

Arabian Internet and Communications Services Co. (Solutions) announced today that net profit rose by 2% to SAR 361 million during the first quarter of 2025, compared to SAR 353 million in the same quarter of the previous year, following the release of its interim condensed consolidated financial results for the period ending March 31, 2025 (three months).

Operating profit reached SAR 616 million in Q1 2025, compared to SAR 619 million in the same quarter of the previous year, a decline of 0.5%.

Earnings per share stood at SAR 0.03 in the current period, compared to SAR 2.97 in the same period of the previous year.

The company attributed the 0.5% increase in revenues during the current quarter mainly to a 28.6% rise in IT Managed and Operational Services and a 2.6% increase in Digital Services, despite a 13.8% decline in Core ICT Services.