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Saudi Manpower Solutions Co. (SMASCO) CEO Abdullah Altimyat expressed confidence in sustained strong performance during Q1 2026, citing increased labor demand during Ramadan and improved profit margins. Q4 2025 profits surged 72% year-on-year to SAR 40 million, driven by revenue growth in domestic labor and business segments. The CEO highlighted regulatory reforms in 2025 that resolved supply-demand imbalances and boosted margins, particularly in the individuals segment, which saw a 26% revenue increase. SMASCO plans to expand its workforce while optimizing labor portfolio efficiency to align with domestic market needs.
For Saudi equity markets, SMASCO's robust performance signals resilience in labor services, a sector benefiting from Ramadan-driven demand and government reforms. Traders may view the company's domestic focus and geopolitical stability as positive tailwinds, especially as it avoids exposure to external risks. The 13% and 26% revenue growth in business and individuals segments, respectively, suggests strong operational momentum.
Looking ahead, SMASCO's expansion plans and margin improvement strategies could attract investor interest in the Saudi equity market. Key watchpoints include the company's ability to maintain profitability amid workforce expansion and the impact of future regulatory changes on labor ratios. The firm's SAR 150.6 million 2025 profit, up from SAR 126.4 million in 2024, underscores its growth trajectory.
