Slushis’s profits decreased to 446 million riyals in the second quarter of 2025

The profits of the Arab Company for Internet and Communications “Slushis” decreased in the second quarter of 2025 by 1.5% to 446 million riyals, compared to 453 million riyals in the same quarter of last year.
According to the company’s statement on Saudi Arabia’s circulation, the reason for a decrease in net profit is due to:
– The total profit decreased by 40 million riyals, as a result of the increase in the costs of revenue at the amount of 171 million riyals, despite the increase in revenues by 131 million riyals.
– Registering the total revenue/ other (expenses) in the amount of 23 million riyals compared to 78 million riyals, due to a decrease in a net net revenue in the amount of 55 million riyals.
On the other hand:
– The operational expenses decreased by 86 million riyals, as a result of the decrease in both public and administrative expenses in the amount of 21 million riyals and the sales and distribution expenses in the amount of 65 million riyals.
– Zakat and tax expense decreased by 439 thousand riyals.
It is worth noting that the net profit during the same quarter of the previous year included an exceptional income from non -operational operations of 68 million riyals.
The reason for the rise in net profit during the current quarter is 85 million riyals, compared to the previous quarter, mainly to:
– The total profit increased by 40 million riyals as a result of the increase in revenues at an amount of 78 million riyals, which was compromised by an increase in the costs of revenue at an amount of 38 million riyals.
– Other total revenues/ (expenses) increased by 3 million riyals, due mainly to the registration of a net net revenue at 16 million riyals.
– The decrease in operational expenses by 36 million riyals, as a result of the decrease in public and administrative expenses by 41 million riyals, despite the increase in sales and distribution expenses at an amount of 5 million riyals.
– The decrease in zakat and tax expenses by 11 million riyals.
The reason for the rise in the net profit during the first half is 1 million riyals compared to the same period in the previous year mainly to:
– The increase in revenues at the amount of 145 million riyals, which was met with a rise in the costs of revenue at an amount of 188 million riyals.
– The decrease in operational expenses in the amount of 91 million riyals, as a result of the decrease in sales and distribution expenses at an amount of 101 million riyals, despite the increase in public and administrative expenses at an amount of 10 million riyals.
On the other hand:
– The total revenue / other (expenses) decreased by 15 million riyals, due to a decrease in the net net revenue by 13 million riyals.
– Zakat and tax expenses increased by 32 million riyals.
It is worth noting that the net profit during the similar period of the previous year included the opposite of the amounts of zakat allocated to 31 million riyals, and an exceptional income from non -operational operations at a value of 68 million riyals.