What was MIS's net profit for Q1 2026?

Net profit was SAR 12.14 million, down 64.1% from the comparable quarter in 2025.

Why did MIS revenue decline in Q1?

Revenue declined 22.4% due to the completion of a Data Centers division project early in the quarter.

Did MIS operating profitability improve?

Yes, operating profit increased 9.3% due to cost reductions.

What was MIS's gross profit margin in Q1?

Gross profit margin was 23.5%, compared to 20% in the comparable quarter last year.

What was MIS's earnings per share for Q1?

Earnings per share were SAR 0.4.

MIS Q1 2026 Net Profit Falls 64% on One-Time Gain Absence

Al Moammar Information Systems Co. (MIS) announced its Q1 2026 financial results, with net profit declining 64.1% YoY to SAR 12.14 million, primarily due to the absence of a one-time investment gain of SAR 25.8 million recorded in the prior year. Revenue dropped 22.4% to SAR 314.9 million, while operating profit improved 9.3%.

Al Moammar Information Systems Co. (MIS) reported its interim financial results for the three months ended March 31, 2026, posting a net profit of SAR 12.14 million, down 64.1% year-over-year. The decline was primarily driven by a non-recurring investment gain of SAR 25.8 million recorded in the same quarter last year. Despite the revenue drop, operating profit increased 9.3% due to cost efficiencies.

Key Financial Results

Item	Current Quarter (SAR M)	Comparable Quarter (SAR M)	Change %
Revenue	314.9	405.5	(22.4%)
Net Profit	12.14	33.84	(64.1%)
EPS (SAR)	0.4	1.1	(63.6%)

Highlights from the Statement

Revenue declined 22.4% YoY due to the completion of a Data Centers division project early in the quarter, despite growth in the ICT core business.
Gross profit margin improved to 23.5% from 20% in the comparable quarter.
Operating profit rose 9.3% driven by a SAR 10.39 million reduction in general administration expenses and a SAR 2 million decrease in selling and marketing expenses.
Net profit surged 149.8% quarter-over-quarter from SAR 4.86 million, supported by improved project profitability.

Guidance

The company did not provide specific forward guidance.

Impact on the Stock

No immediate market reaction was reported. Investors may focus on the improved operating profit and gross margin.

What This Means for Investors

Despite the annual net profit decline due to the one-time gain, the improvement in operating profit and margins signals better operational efficiency. The revenue drop may be temporary, especially with core ICT business growth.