MSGA logs 486% earnings spike to SAR 61.9M in 2025

MSGA Investment Co., under listing on Nomu, reported a net profit of SAR 61.9 million in 2025, skyrocketing by more than fivefold from SAR 10.6 million in 2024.

The annual profit increase was driven by a 350% YoY surge in revenue to SAR 162.8 million, supported by a sharp increase in real estate unit sales and the recognition of new contracting and brokerage income streams.

Revenue from property sales spiked 290% to SAR 140.9 million in 2025. MSGA also booked SAR 20.9 million in gains from third-party contracting and development services, compared with none in 2024.

In 2025, the company also generated SAR 889,000 in brokerage revenue after facilitating the sale of two plots to the BLME and Dinar real estate funds, earning commissions of 1.25% and 0.62%, respectively, on the transaction values.

In addition, during the same year, MSGA recorded SAR 56,800 in rental income from a commercial drive-thru property in Riyadh and realized a SAR 1.3 million gain from a SAR 3.5 million asset sale.

Financing costs fell 97% in 2025, due to lower expenses related to long-term loans.

However, higher administrative and marketing expenses, as well as increased Zakat provisions, offset this positive performance.

As of 2025, MSGA’s under-development properties stood at SAR 114.5 million, including SAR 20.3 million in completed properties held for sale and SAR 94.2 million in under-construction projects.

Shareholders’ equity, no minority interest, increased to SAR 146.4 million at the end 2025, from SAR 110.5 million a year earlier.