Jabal Omar Development Co. announces its Annual Financial results for the period ending on 2025-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 2,113.86 | 1,901.4 | 11.17 | ||
| Gross Profit (Loss) | 644.55 | 607.78 | 6.05 | ||
| Operational Profit (Loss) | 2,858.17 | 836.82 | 241.55 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 2,392.83 | 200.09 | 1,095.88 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 2,392.6 | 200.88 | 1,091.06 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 15,862.4 | 13,469.8 | 17.76 | ||
| Profit (Loss) per Share | 2.03 | 0.17 | |||
| 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 year compared to the last year | The reason of the increase in revenues for the year 2025 by 11% compared to the previous year is attributed to the improved performance of the hotels and commercial centers. Hotels revenues increased by 17% (equivalent to SR 278 million), while revenue from commercial centers increased by 23% (equivalent to SR 40 million).
It is worth noting that the revenues for the year 2024 included the sale of residential units of Jumeirah Hotel amounting to SR 95 million. Excluding the impact of this, the revenue growth for the current year would be approximately 17% compared to the previous year. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The reason of the increase in net profit for the year 2025 by 1,096% compared to the previous year is attributed to the improvement in hotels and commercial centers revenues, in addition to the following:
- Increase in gain on land sale amounting to SR 1.57 billion compared to the previous year. - Reversal of impairment losses on assets amounting to SR 354 million. - Decrease in finance costs amounting to SR 148 million. - Decrease in zakat expense amounting to SR 59 million. - Decrease in general and administrative expenses amounting to SR 51 million. - Decrease in expected credit losses amounting to SR 37 million.
It is worth noting that net profit for 2025, excluding the net gain from the land sale, rose by 113% to SR 73 million, compared to a net loss of SR 548 million in the previous year. |
| Statement of the type of external auditor's report | Unmodified opinion |
| 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) | Not applicable |
| Reclassification of Comparison Items | Certain comparative amounts have been reclassified or re-presented during the current year for better presentation. |
| Additional Information | Attached |
| Attached Documents |  |