EMBRACING THE FUTURE

WITH PASSION

Theme of the Year

Annual Report 2024

At a Glance

elm has delivered an exceptional year of growth, innovation and impact, setting new benchmarks in digital transformation and business excellence. Strengthening its market leadership, forging strategic alliances and expanding internationally, elm continues to push the boundaries of what is possible, embracing the future with passion, ambition and an unrelenting drive to build a smarter, more connected world.

2024 Financial Highlights
Revenue
%
7,407
million
2023:
% 5,898 million
Gross profit
%
3,026
million
2023:
% 2,332 million
EBIT
%
1,700
million
2023:
% 1,351 million
Net
profit
%
1,826
million
2023:
% 1,356 million
Dividend
per share
%
7.50
million
2023:
% 7.00
Earnings
per share
%
23.51
million
2023:
% 17.46
Operational Highlights
10-year

agreement signed with Ministry of Interior and Saudi Authority for Data and Artificial Intelligence (SDAIA)

The execution

of the Digital Stadium project signed with the Ministry of Sport

7

countries covered by the Makkah Route initiative

1st

international consulting projects were secured in Oman and Egypt

Sustainability Highlights

Launched elm’s 1st Sustainability Report

Launched a comprehensive recycling initiative across elm facilities

63%
increase in investment in research

Contributed

% 1.5  million
toward social and economic development initiatives

Appointed a new four-year Board of Directors

Awards
5 Bronze Awards from Saudi Customer Experience Award 2025
1 Gold Award from Saudi Customer Experience Award 2025
Best Brand Award
Red Dot Design Award
Accreditation from Saudi Accreditation Center
Top Consulting Firm 2024
Accreditation from PeopleCert/AXELOS
Social Responsibility Award - Silver Category
Third Place Award from Middle East Investor Relations Association