Makkah Construction earns SAR 334.8M in H1 2026, SAR 172.6M in Q2

03/08/2026 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.

Makkah Construction and Development Co. reported a net profit of SAR 334.8 million in H1 2026, an increase of 13.8% from SAR 294.3 million in the year-earlier period.



Financials (Million Riyal)

Item 6m 2025 6m 2026 Change‬
Revenues 623.67 952.30 52.7 %
Gross Income 312.82 377.70 20.7 %
Operating Income 263.90 319.30 21.0 %
Net Income 294.32 334.80 13.8 %
Average Shares 200.00 200.00 -
Earnings Per Share before unusual items (Riyals) 1.47 1.62 9.8 %
EPS (Riyal) 1.47 1.67 13.8 %

The company attributed the rise to a 53% year-on-year (YoY) increase in revenue to nearly SAR 952 million, driven by higher Hajj revenue due to the timing of the Hajj season and overall business growth, as well as increased revenue from the hotel and towers segment and the shopping mall.

 

Operating performance also improved on stronger demand for Umrah, higher occupancy and rental rates, and an increase in the number of pilgrims. This was partially offset by lower income from investments and associates, as well as slightly higher Zakat and other expenses.

 

The company’s net profit grew 19.7% to SAR 172.6 million in Q2 2026 from SAR 144.18 million in Q2 2025, driven by an 81% YoY increase in revenue to nearly SAR 701 million, primarily due to the timing of the Hajj season, stronger Hajj operations, higher Umrah demand that boosted the hotel and towers segment, and improved rental income from the shopping mall.



Current Quarter Comparison (Million Riyal)

Compared With The
Item Q2 2025 Q2 2026 Change‬
Revenues 388.11 700.90 80.6 %
Gross Income 143.02 191.00 33.5 %
Operating Income 118.93 162.40 36.6 %
Net Income 144.18 172.60 19.7 %
Average Shares 200.00 200.00 -
Earnings Per Share before unusual items (Riyal) 0.72 0.86 19.7 %
EPS (Riyal) 0.72 0.86 19.7 %

On a quarterly basis, net earnings rose 6.4% from SAR 162.21 million in Q1 2026.

 

Total shareholders’ equity, with no minority interest, reached SAR 3.89 billion by June 30, 2026, compared with SAR 4.07 billion in the prior-year period.

View more financial results

 

View other reports

Share Price

Makkah Construction and Development Co.
81.30
0.55 0.68 %

Makkah Construction and Development Co. (MCDC)

More


Financial Ratios
Current
Market Cap (M Riyal) 16,260.02
Enterprise Value (EV) (M Riyal) 17,119.19
Shares Outstanding ((M)) 200.00
Recurring EPS ( Riyal) (TTM) 2.54
Book Value (BV) ( Riyal) 19.46
Par Value ( Riyal) 10.00
Recurring P/E (TTM) 32.00
P/E (TTM) 31.60
Price/book 4.18
Dividend Yield (%) (Last Year) 1.85
Return on Average Assets (%) (TTM) 10.1
Return on Average Equity (%) (TTM) 12.9
EV/Revenues 12.22
more

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request