Element List Current Period Similar period for previous year %Change
Sales/Revenue 762.5 727.8 4.767
Gross Profit (Loss) 283.6 299.3 -5.245
Operational Profit (Loss) 220.5 226.3 -2.562
Net Profit (Loss) Attributable to Shareholders of the Issuer 197.6 238.4 -17.114
Total Comprehensive Income Attributable to Shareholders of the Issuer 246.3 154.9 59.005
Total Shareholders Equity (after Deducting Minority Equity) 6,927 6,807 1.762
Profit (Loss) per Share 0.4 0.48
All figures are in (Millions) Saudi Arabia, Riyals

 

Element List Amount Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value - -
All figures are in (Millions) Saudi Arabia, Riyals
 

 

Element List Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is During the current quarter of 2026, the Company recorded growth in operating revenues to SAR 376.8 million, an increase of SAR 6.8 million, or 1.8%, compared to SAR 370.0 million in the corresponding quarter of 2025. This increase was primarily attributable to higher revenues from the Company's hotel portfolio, an increase in revenues during the Hajj and Umrah seasons, and the commencement of operations at newly added properties within the Company's portfolio, including Rixos Obhur Jeddah Resort, Novotel Madinah, and Crowne Plaza Riyadh Al Takhassusi.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The decline in the Company's net profit for the current quarter, compared with the corresponding quarter of 2025, was primarily attributable to a favorable one-off impact recognized in the prior-year comparable quarter, resulting from the reversal of legal provision following the settlement reached with an operator upon termination of the contractual relationship between the parties. Excluding this impact, the Company's net profit for the current quarter increased by SAR 13.1 million, or 22%, compared with the corresponding quarter of the prior year
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The decline in the Company's revenue during the current quarter, compared with the previous quarter, was primarily attributable to lower revenues generated by the Company's hotels in Riyadh, driven by lower occupancy rates resulting from regional geopolitical conditions and seasonal fluctuations in operations.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The decline in the Company's net profit during the current quarter, compared with the previous quarter, was primarily attributable to lower revenues, in addition to operating and depreciation expenses associated with the newly added properties within the Company's portfolio.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is The Company recorded operating revenues of SAR 762.5 million during the current period of 2026, compared to SAR 727.8 million during the corresponding period of 2025, an increase of SAR 34.7 million, or 4.8%. This increase was primarily attributable to higher revenues from the Company's hotel portfolio and increased revenues during the Hajj and Umrah season, in addition to the commencement of operations at newly added properties within the Company's portfolio, including Rixos Obhur Jeddah Resort, Novotel Madinah, and Crowne Plaza Riyadh Al Takhassusi.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The decline in the Company's net profit for the current period, compared with the corresponding period of 2025, was primarily attributable to operating and depreciation expenses associated with the newly added properties within the Company's portfolio, in addition to a favorable one-off impact recognized in the corresponding period of the prior year, resulting from the reversal of legal provision following the settlement reached with an operator upon termination of the contractual relationship between the parties. Excluding this impact, the Company's net profit for the current period increased by SAR 6.6 million, or 3.5%, compared with the corresponding period of the prior year
Statement of the type of external auditor's report Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) NA
Reclassification of Comparison Items Some comparative figures have been reclassified to conform with the presentation method of the current period’s figures.
Additional Information Other comprehensive income for the current period amounted to SAR 48.7 million, compared with a loss of SAR 83.5 million in the corresponding period of the prior year. This increase was primarily attributable to a rise in the fair value of financial derivatives (hedging instruments) as at the financial statements' reporting date, in addition to a rise in the market value of certain investments in other companies measured at fair value through other comprehensive income (FVOCI).

 

 

Earnings per share (EPS) have been adjusted following the Company's capital increase, which resulted in the total number of shares reaching 500 million, as approved by the Company's Extraordinary General Assembly held on 10 May 2026.

 

 

 

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