Revenue up by 3% YoY in 3Q25
Al Moammar Information Systems’ (MIS) revenue rose 3% YoY in 3Q25, as the company bagged new businesses in the ICT segment and MIS professional in-house services during the quarter.
Net profit surges YoY on strong operating profit growth
Despite a nominal growth in revenue and an increase in credit loss provision on contract assets and trade receivables, operating profit posted a strong growth of 18% YoY, reflecting efficient cost management. This helped the company to register a solid 50% YoY jump in its net profit in 3Q25.
U Capital View
While the company has been securing new contracts at regular intervals, resulting in a strong order backlog, we believe that most of the positives are already reflected in the stock price. We maintain our SAR 145.0/share target price on MIS with a Hold rating.