Jabal Omar posts SAR 117M profit in Q1 2026

06/05/2026 Argaam Exclusive

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Jabal Omar Development Co. reported a net profit of SAR 117 million for Q1 2026, compared to SAR 945.9 million in the same period of Q1 2025.



Current Quarter Comparison (Million Riyal)

Compared With The
Item Q1 2025 Q1 2026 Change‬
Revenues 747.73 739.17 (1.1 %)
Gross Income 331.86 317.72 (4.3 %)
Operating Income 294.75 279.81 (5.1 %)
Net Income 945.94 116.99 (87.6 %)
Average Shares 1,180.02 1,180.02 -
Earnings Per Share before unusual items (Riyal) 0.13 0.13 2.4 %
EPS (Riyal) 0.80 0.10 (87.6 %)

Other operating income fell by SAR 899 million in Q1 2026, as Q1 2025 included exceptional gains from selling a land plot.

 

Revenue also declined due to escalating geopolitical tensions in the region and the resulting disruptions in transportation, which led to hotel booking cancellations.

 

Despite this, the company managed to limit the decline to just 1% through additional bookings driven by targeting new markets, along with the partial operation of Rotana Jabal Omar Hotel and improved occupancy rates in retail segments.

 

In addition, non-recurring gains related to the fair value measurement of financial instruments dropped by SAR 62 million.

 

Excluding the impact of these factors, Q1 2025 would have recorded a net loss of SAR 15 million; compared with Q1 2026’s net profit, this represents an 873% improvement.

 

Sequentially, the developer’s earnings plunged 90.9% from SAR 1.29 billion in Q4 2025.

 

Additional information:

 

Jabal Omar stated that shareholders’ equity (excluding minority interest) reached SAR 15.97 billion at the end of the period, compared to SAR 14.41 billion at the end of the same period last year.

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Share Price

Jabal Omar Development Co.
14.95
(0.65) (4.17 %)

Jabal Omar Development Co. (JABAL OMAR)

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Financial Ratios
Current
Market Cap (M Riyal) 17,641.33
Enterprise Value (EV) (M Riyal) 25,552.24
Shares Outstanding ((M)) 1,180.02
Recurring EPS ( Riyal) (TTM) 0.08
Book Value (BV) ( Riyal) 13.68
Par Value ( Riyal) 10.00
Recurring P/E (TTM) More than 100
P/E (TTM) 10.00
Price/book 1.09
Dividend Yield (%) (Last Year) -
Return on Average Assets (%) (TTM) 6.5
Return on Average Equity (%) (TTM) 11.6
EV/adj EBITDA 23.77
EV/Revenues 11.02
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