Duyuru • May 21
Perfect Presentation for Commercial Services Company, Annual General Meeting, Jun 15, 2026 Perfect Presentation for Commercial Services Company, Annual General Meeting, Jun 15, 2026, at 20:30 Arab Standard Time. Location: riyadh Saudi Arabia Reported Earnings • May 20
First quarter 2026 earnings released: EPS: ر.س0.11 (vs ر.س0.11 in 1Q 2025) First quarter 2026 results: EPS: ر.س0.11 (up from ر.س0.11 in 1Q 2025). Revenue: ر.س330.1m (up 14% from 1Q 2025). Net income: ر.س33.1m (up 2.4% from 1Q 2025). Profit margin: 10.0% (down from 11% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 13
Full year 2025 earnings released: EPS: ر.س0.45 (vs ر.س0.54 in FY 2024) Full year 2025 results: EPS: ر.س0.45 (down from ر.س0.54 in FY 2024). Revenue: ر.س1.24b (up 16% from FY 2024). Net income: ر.س134.2m (down 18% from FY 2024). Profit margin: 11% (down from 15% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 18
Third quarter 2025 earnings released: EPS: ر.س0.11 (vs ر.س0.12 in 3Q 2024) Third quarter 2025 results: EPS: ر.س0.11. Revenue: ر.س287.7m (up 7.1% from 3Q 2024). Net income: ر.س37.9m (up 2.6% from 3Q 2024). Profit margin: 13% (in line with 3Q 2024). Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the IT industry in Asia. Reported Earnings • Aug 19
Second quarter 2025 earnings released: EPS: ر.س0.12 (vs ر.س0.20 in 2Q 2024) Second quarter 2025 results: EPS: ر.س0.12 (down from ر.س0.20 in 2Q 2024). Revenue: ر.س298.5m (up 3.9% from 2Q 2024). Net income: ر.س35.0m (down 40% from 2Q 2024). Profit margin: 12% (down from 21% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the IT industry in Asia. Duyuru • Jun 03
Perfect Presentation for Commercial Services Company, Annual General Meeting, Jun 23, 2025 Perfect Presentation for Commercial Services Company, Annual General Meeting, Jun 23, 2025, at 20:15 Arab Standard Time. Location: riyadh Saudi Arabia Reported Earnings • May 16
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: ر.س0.11 (up from ر.س0.099 in 1Q 2024). Revenue: ر.س289.4m (up 32% from 1Q 2024). Net income: ر.س32.3m (up 8.8% from 1Q 2024). Profit margin: 11% (down from 14% in 1Q 2024). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 10.0%. Reported Earnings • Apr 01
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: ر.س0.54 (up from ر.س0.43 in FY 2023). Revenue: ر.س1.07b (down 5.2% from FY 2023). Net income: ر.س163.3m (up 26% from FY 2023). Profit margin: 15% (up from 11% in FY 2023). Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 5.3%. Reported Earnings • Aug 10
Second quarter 2024 earnings released: EPS: ر.س0.20 (vs ر.س0.10 in 2Q 2023) Second quarter 2024 results: EPS: ر.س0.20 (up from ر.س0.10 in 2Q 2023). Revenue: ر.س287.1m (up 17% from 2Q 2023). Net income: ر.س58.8m (up 91% from 2Q 2023). Profit margin: 21% (up from 13% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the IT industry in Asia. Buy Or Sell Opportunity • Jul 01
Now 16% overvalued Over the last 90 days, the stock has fallen 7.7% to ر.س14.88. The fair value is estimated to be ر.س12.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last year. Earnings per share has declined by 5.5%. Revenue is forecast to grow by 51% in 2 years. Earnings are forecast to grow by 73% in the next 2 years. Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment deteriorates as stock falls 50% After last week's 50% share price decline to ر.س14.63, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 20x in the IT industry in Asia. Total loss to shareholders of 31% over the past year. Buy Or Sell Opportunity • Jun 25
Now 33% undervalued after recent price drop Over the last 90 days, the stock has fallen 58% to ر.س14.63. The fair value is estimated to be ر.س21.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last year. Earnings per share has declined by 5.5%. Revenue is forecast to grow by 51% in 2 years. Earnings are forecast to grow by 73% in the next 2 years. Duyuru • Jun 06
Perfect Presentation for Commercial Services Company, Annual General Meeting, Jun 25, 2024 Perfect Presentation for Commercial Services Company, Annual General Meeting, Jun 25, 2024, at 19:15 Arab Standard Time. Location: riyadh Saudi Arabia Reported Earnings • May 23
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: ر.س0.20 (up from ر.س0.17 in 1Q 2023). Revenue: ر.س219.5m (down 2.5% from 1Q 2023). Net income: ر.س29.7m (up 13% from 1Q 2023). Profit margin: 14% (up from 12% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 29%. Earnings per share (EPS) also missed analyst estimates by 9.1%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the IT industry in Asia. Reported Earnings • Apr 05
Full year 2023 earnings: Revenues exceed analyst expectations Full year 2023 results: Revenue: ر.س1.13b (up 22% from FY 2022). Net income: ر.س129.3m (down 1.6% from FY 2022). Profit margin: 11% (down from 14% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 8.2%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the IT industry in Asia. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ر.س37.30, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 22x in the IT industry in Asia. Total returns to shareholders of 117% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ر.س25.09 per share. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ر.س31.05, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 20x in the IT industry in Asia. Total returns to shareholders of 86% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ر.س22.70 per share. New Risk • Jan 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Saudi stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (37% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (5.4% average weekly change). Buy Or Sell Opportunity • Jan 24
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 40% to ر.س27.75. The fair value is estimated to be ر.س22.35, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has declined by 57%. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings are also forecast to grow by 22% per annum over the same time period. Reported Earnings • Nov 14
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: ر.س0.22 (in line with 3Q 2022). Revenue: ر.س270.3m (up 30% from 3Q 2022). Net income: ر.س33.6m (up 4.1% from 3Q 2022). Profit margin: 12% (down from 16% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 8.3%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the IT industry in Asia. Buying Opportunity • Oct 08
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 6.5%. The fair value is estimated to be ر.س27.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last year. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings is also forecast to grow by 23% per annum over the same time period. Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: ر.س0.21 (vs ر.س0.20 in 2Q 2022) Second quarter 2023 results: EPS: ر.س0.21 (up from ر.س0.20 in 2Q 2022). Revenue: ر.س246.4m (up 3.4% from 2Q 2022). Net income: ر.س30.8m (flat on 2Q 2022). Profit margin: 13% (in line with 2Q 2022). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the IT industry in Asia. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorates as stock falls 90% After last week's 90% share price decline to ر.س23.46, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 21x in the IT industry in Asia. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ر.س198, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 24x in the IT industry in Saudi Arabia. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improved over the past week After last week's 22% share price gain to ر.س169, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 25x in the IT industry in Saudi Arabia. Duyuru • Dec 07
Perfect Presentation for Commercial Services Co. Announces Cash Dividend for Third Quarter of Fiscal Year Ending on December 31, 2022, Payable on 12 January 2023 Perfect Presentation for Commercial Services Co. announced the distribution of cash dividend SAR 0.7 per share for the third quarter of the current fiscal year ending on December 31, 2022. The Total amount distributed SAR 10,500,000. Eligibility date is 15 December 2022, Distribution date is 12 January 2023. Board Change • Nov 16
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Fahd Ibrahim Al Hussein is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.