Riyadh – Mubasher: Maharah Human Resources Company achieved a net profit of SAR 177.70 million in the first nine months (9M) of 2026, an annual rise of 18.27% from SAR 150.25 million.
The company’s revenue for the nine-month period hiked by 24.25% to reach SAR 2.80 billion, driven by strong performance in its business and individual services sectors.
Earnings per share (EPS) improved to SAR 0.31 from SAR 0.26 a year earlier.
For the third quarter (Q3) of 2026, the company recorded a net profit of SAR 45.39 million, a decline of 26.07% from the SAR 61.40 million reported in the prior-year quarter.
This quarterly decrease occurred despite a 20.28% rise in revenue to SAR 949.87 million.
Management attributed the lower quarterly earnings to higher operational costs in the business services segment and a significant reduction in the share of results from its associate, Saudi Health Systems.
The company’s external auditor issued a qualified conclusion regarding the investment in Saudi Health Systems, valued at SAR 387.86 million.
The auditor noted an inability to access financial information or management records for the associate to verify the group’s share of results.
At the end of June, the company logged a net profit of SAR 132.31 million, an annual growth of 48.91% from SAR 88.85 million.
