Naseej for Technology Co reported QQ1 2025 revenue of SAR 50.09 million with a gross margin of 22.95% and an EBIT margin of 2.23%, yielding an EBITDA of SAR 1.30 million and a net income of SAR 56 thousand (EPS SAR 0.0113). The quarter marks a pronounced seasonality effect: revenue plunged from SAR 143.26 million in Q4 2024 to SAR 50.09 million in Q1 2025, implying meaningful quarter-to-quarter volatility typical of project-based IT services and transformation initiatives. The year-over-year metrics reflect a sharp reset in quarterly baselines and, despite a positive quarter, profitability remains thin with limited earnings visibility outside a favorable project mix. Management commentary is not captured in the provided transcript, which constrains directional guidance, but the quarterly profile suggests that sustained top-line improvement will hinge on pipeline execution, government and public-sector demand, and the conversion of shorter-term engagements into recurring or multi-quarter programs. Investors should weigh the potential upside from Saudi digital transformation initiatives against the current narrow profit pool and the pronounced quarterly cyclicality.
Key Performance Indicators
Revenue
Decreasing
50.09M
QoQ: -65.04% | YoY: -59.72%
Gross Profit
Decreasing
11.50M
22.95% margin
QoQ: -69.34% | YoY: -71.67%
Operating Income
Decreasing
1.12M
QoQ: -97.02% | YoY: -92.22%
Net Income
Decreasing
56.37K
QoQ: -98.88% | YoY: -99.49%
EPS
Decreasing
0.01
QoQ: -98.81% | YoY: -99.48%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue performance: QQ1 2025 revenue SAR 50.09 million; YoY change shown as -59.72% and QoQ change -65.04% in the provided metrics, underscoring a sharp quarterly normalization from a significantly stronger prior period. Gross Profit SAR 11.50 million with a gross margin of 22.95% (0.2295).
- Operating income SAR 1.12 million; operating margin 2.23% (0.0223).
- EBITDA SAR 1.30 million; EBITDAR margin 2.60% (0.0260).
- Net income SAR 56 thousand; net margin 0.11% (0.00113); EPS SAR 0.0113.
- The four-quarter data highlights notable seasonality (Q4 2024 revenue SAR 143.26 million vs Q1 2025 SAR 50.09 million) and a material swing in profitability across quarters.
- Weighting averages: 5.0 million shares outstanding (basic and diluted).
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
50.09M
-59.72%
-65.04%
Gross Profit
11.50M
-71.67%
-69.34%
Operating Income
1.12M
-92.22%
-97.02%
Net Income
56.37K
-99.49%
-98.88%
EPS
0.01
-99.48%
-98.81%
Key Financial Ratios
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