macro

Elm: nine-month revenue up nearly 17%, net profit up 18% on one-off gain

Elm reported higher revenue and net profit for the nine months of 2026. Part of the profit came from a one-time SAR 59 million acquisition-related gain.

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what happened

Elm has published its third-quarter and nine-month 2026 results, according to TradingView. Third-quarter revenue rose 10.10% year on year, while net profit after Zakat climbed 39.18%.

For the nine months, revenue grew 16.99% and net profit 18.42%. The totals were lifted by a non-recurring SAR 59 million gain linked to an acquisition.

why it matters

One-off gains inflate reported profit, so headline growth figures can overstate the company's underlying performance. Investors are likely to look at core earnings without this acquisition effect when judging how sustainable the increase is.

market impact

Elm shares: strong headline growth, but the one-off gain limits what it says about the core business

tags

instruments

Elm

sources

  1. Elm : 9M revenue rose 16.99%; net profit increased 18.42%, including a SAR 59 million one-time gain — TradingView, 1 November 2026 at 14:22 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

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