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Revenue boost lifts Solutions profits to 453M Riyals in Q2 2026
Solution Company reported positive financial results for the second quarter of 2026, with profits increasing by 1.57% to 453 million riyals. This was supported by revenue growth reaching 3.24 billion riyals, an increase of 11.65% compared to the same period last year. The growth was driven by a 28.6% rise in revenue from core telecommunications and information technology services. The company also recorded a 2.11% increase in profits for the first half of the year, reaching 824 million riyals, with revenues growing by 9.05%. Despite higher operating expenses, the financial performance managed to boost profits and total equity, which amounted to 4.15 billion riyals at the end of the first half.
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