“International” profits jump 69.9% to 14.2 million riyals in 2025
The profits of the International Company for Human Resources in 2025 increased by 69.9% to 14.2 million riyals, compared to 8.3 million riyals in 2024.
According to the company’s statement on the website "Saudi Arabia trading"This growth is mainly attributed to the following:
A noticeable increase in revenues by 67.86% compared to the same period of the previous year as a result of the expansion of the company’s activities and an increase in the volume of operational business.
Improved efficiency of operational processes and more effective management of costs, which contributed to enhancing profitability margins.
Recording a refund of the provision for expected credit losses in the amount of 1.49 million riyals during the current year (versus creating an allocation during the previous year) also contributed to supporting the results. period, which reflects the improvement in asset quality and the efficiency of credit risk management.
This comes despite some unfavorable factors that had a partial impact on the results of the period, namely:
Recording an impairment loss in the value of intangible assets in the amount of 2,897,714 riyals.
Increase in financing costs by 1,071,033 riyals compared to the previous year as a result of the growth in the volume of operational operations
High General and administrative expenses amounting to 2,826,774 riyals as a result of business expansion.
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