Adeer’s H1 2025 profits soar 77% to SAR 68.3M

27/07/2025 Argaam Exclusive

Content Summary:

Loading data...

Comments Analysis:

Positive: 0%
Neutral: 0%
Negative: 0%
Comments Summary:Loading data...
Please note that this news summary has been generated using artificial intelligence. It is recommended to review the original sources for complete details and to verify the accuracy of the information.

Adeer Real Estate Co. reported a 77% increase in net profit to SAR 68.3 million for the first half of 2025, compared to SAR 38.5 million in the same period of 2024.



Current Half Annual Comparison (Million Riyal)

Compared With The
Item H1 2024 H1 2025 Change‬
Revenues 69.72 100.75 44.5 %
Gross Income 44.62 76.99 72.5 %
Operating Income 36.89 68.74 86.3 %
Net Income 38.51 68.33 77.4 %
Average Shares 5.00 5.00 -
Earnings Per Share before unusual items (Riyal) 7.24 13.67 88.6 %
EPS (Riyal) 7.70 13.67 77.4 %

The sharp rise in profits was driven mainly by a 44% year-on-year (YoY) increase in revenues, thanks to a surge in real estate marketing income, resulting from the execution of new property deals and projects. Additionally, the developer initiated real estate development projects during the period.

 

Total shareholders' equity (no minority interests) reached SAR 143.33 million by the end of June 2025, up from SAR 120.37 million a year ago.

View More Financial Results

 

View other reports