Cenomi Centers earns SAR 1.26B in 2025; Q4 at SAR 76.4M

Arabian Centres Co. (Cenomi Centers) reported a net profit of SAR 1.26 billion for 2025, up from SAR 1.21 billion a year earlier.

Cost of revenue decreased to SAR 353.7 million in 2025 from SAR 358.4 million a year earlier. Other operating income rose to SAR 313 million on final settlement of an insurance claim, and the gain from sale of Al Kharj land and Sahara Plaza.

Meanwhile, net finance costs fell to SAR 687.3 million from SAR 687.7 million in 2024, while impairment loss on accounts receivable decreased by 1.9% to SAR 315.7 million.

The increase in net profit was partially offset by a 2.4% decline in revenue due to the impact of recognizing the Dhahran Mall in the comparable period.  

The company also reported a rise in advertising and promotional expenses to SAR 41.3 million from SAR 22.9 million a year earlier, due to lower spending in 2024.

Meanwhile, general and administrative expenses increased to SAR 349.1 million in 2025 from SAR 256.1 million in 2024, mainly driven by higher professional expenses and fund management fees.

Other operating expenses reached SAR 27.5 million in 2025 compared to SAR 0.1 million in 2024, driven by lease termination cost related to Sahara Plaza.

Net fair value gain on investment properties decreased to SAR 501.2 million from SAR 565.3 million in the year ago period, mainly reflecting the impact of changes in the portfolio during the year.

Q4 2025 net earnings dropped 78% to SAR 76.4 million, from SAR 350.8 million in Q4 2024.

On a sequential basis, net profit retreated 84.7% from SAR 500.6 million in Q3 2025.

Total shareholders’ equity, after minority interest, stood at SAR 15.51 billion by Dec. 31, 2025, compared to SAR 14.78 billion a year earlier.

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