Financial Results : Jadwa REIT Al Haramain makes SAR 17.4M FFO, SAR 30.8M net profit in 2025

Jadwa REIT Al Haramain makes SAR 17.4M FFO, SAR 30.8M net profit in 2025

29/03/2026 Argaam Exclusive

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Jadwa REIT Al Haramain Fund reported funds from operations (FFO) of around SAR 17.4 million (SAR 0.26 per unit) for 2025, compared with SAR 12.3 million (SAR 0.19 per unit) a year earlier.



Financials (M)

Item 2024 2025 Change‬
Rental Income 40.79 41.92 2.8 %
Funds from Operations(FFO) 12.33 17.43 41.3 %
Net Income 17.56 30.78 75.3 %
No of shares 66.00 66.00 -
Earnings Per Share before unusual items (Riyals) 0.27 0.47 75.3 %
Operating EPS (Riyal) 0.19 0.26 41.3 %
EPS (Riyal) 0.27 0.47 75.3 %

The fund also posted net profit of SAR 30.8 million (SAR 0.47 per unit) by the end of 2025, compared to SAR 17.6 million (SAR 0.27 per unit) in the corresponding period of 2024, Jadwa Investment, the fund manager, said in a statement to Tadawul.

 

The increase in profit was mainly driven by higher rental income from investment properties, alongside other income of SAR 1.4 million recorded during the current period, compared to none in the year-earlier period.

 

This was further supported by a 7% year-on-year (YoY) decline in financing costs to SAR 15.7 million, compared to SAR 16.8 million previously, as well as the reversal of an impairment provision on investment properties amounting to SAR 23.7 million, versus SAR 15.5 million in the corresponding period last year.

 

The positive performance was also aided by higher financing income and the reversal of expected credit loss provisions.



Interim Comparasion (M)

Compared With The
Item H2 2024 H2 2025 Change‬
Rental Income 13.14 11.58 (11.9 %)
Funds from Operations(FFO) 1.68 2.83 68.7 %
Net Income 7.49 1.36 (81.9 %)
No of shares 66.00 66.00 -
Operating EPS (Riyal) 0.03 0.04 68.7 %
EPS (Riyal) 0.11 0.02 (81.9 %)

Balance Sheet (Million)

Item 2024 2025 Change‬
Total Assets 725.32 739.70 2.0 %
Total Debt 214.60 215.11 0.2 %
Net assets attributable to the Unitholders Item 500.29 515.22 3.0 %
Market value of net assets 500.29 518.77 3.7 %

This came despite higher losses on financial assets at fair value, which rose to SAR 1.8 million compared to SAR 1.1 million a year earlier, in addition to an increase in depreciation costs to SAR 11.3 million, versus SAR 10.7 million in the corresponding period.

 

Net asset value (NAV) per unit stood at SAR 7.81, while the market value of assets per unit reached SAR 7.86.

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