Financial Results : Al Majdiah earns SAR 267.1M in 9M 2025, SAR 37.3M in Q3

Al Majdiah earns SAR 267.1M in 9M 2025, SAR 37.3M in Q3

05/11/2025 Argaam Exclusive

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Dar Al Majed Real Estate Co. (Al Majdiah) reported a net profit (before excluding minority interest of SAR 267.1 million in the first nine months of 2025, up from SAR 223.3 million a year earlier.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 1,007.29 910.08 (9.7 %)
Gross Income 253.17 353.60 39.7 %
Operating Income 196.48 285.80 45.5 %
Net Income 223.29 267.14 19.6 %
Average Shares 300.00 300.00 -
Earnings Per Share before unusual items (Riyals) 0.70 0.93 32.3 %
EPS (Riyal) 0.74 0.89 19.6 %

This increase is mainly attributable to higher profits from land sales in addition to gains from the revaluation of investment properties.

 

The company also achieved growth in the number of units sold during the current period through the off-plan sales model.

 

In Q3 2025, net profit fell 51.2% to SAR 37.3 million from SAR 76.4 million in Q3 2024 on lower revenues and recording non-recurring expenses amounting to SAR 12 million related to brand identity development.

 

Sequentially, net profit retreated 67.3% from SAR 114.08 million in Q2 2025.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 324.68 217.03 (33.2 %)
Gross Income 79.82 79.05 (1.0 %)
Operating Income 56.97 49.86 (12.5 %)
Net Income 76.41 37.33 (51.2 %)
Average Shares 300.00 300.00 -
Earnings Per Share before unusual items (Riyal) 0.21 0.16 (23.1 %)
EPS (Riyal) 0.25 0.12 (51.2 %)

Total shareholders’ equity, after minority interest, reached SAR 1.12 billion as of Sept. 30, 2025, up from SAR 809.95 million a year earlier.

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