TAM Growth Co. expects income to enhance within the second half of 2025 because it resumes a number of delayed initiatives, whereas revenue margins are projected to return to regular ranges of 10-15% as soon as implementation phases are accomplished, CEO Abdullah Yousef Andjani advised Argaam.
The corporate’s general efficiency is determined by the tempo of challenge awards out there. Early indicators level to a restoration in awards and improved visibility within the second half,Yousefsaid.
The worth of TAM’s initiatives underneath implementation, together with framework agreements, has risen to SAR 225 million, he added. Initiatives underneath execution stood at SAR 165 million as of June 30, 2025, of which SAR 96 million have been framework agreements, in contrast with SAR 249 million on the finish of 2024. The challenge pipeline awaiting approval stays robust at SAR 309 million.
TAM’s web revenue progress within the first half of 2025 was supported by an improved challenge combine and regular gross revenue, regardless of increased financing prices,Yousefsaid.
“The rise in web revenue margin to 14.5% from 9.5% in H1 2024 displays improved operational effectivity and disciplined price administration, which offset stress on income and better financing prices throughout the interval,” he added.
On the corporate’s market share, the CEO mentioned: “We’re intently monitoring our aggressive place and are assured in our robust and rising presence out there. Gross sales progress, contract awards, and buyer retention stay the very best indicators of our competitiveness, and all proceed to be robust.”
TAM’s web revenue rose 2% year-on-year to SAR 11.6 million in H1 2025, up from SAR 11.4 million a yr earlier, in keeping with Argaam information.
