Financial Results : Al Akaria Q1 2025 net profit surges to SAR 135.2M

Al Akaria Q1 2025 net profit surges to SAR 135.2M

15/05/2025 Argaam Exclusive

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Saudi Real Estate Co. (Al Akaria) reported a net profit of SAR 135.2 million in Q1 2025, compared to SAR 2.9 million in Q1 2024.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 427.58 628.08 46.9 %
Gross Income 129.08 309.69 139.9 %
Operating Income 77.77 243.36 212.9 %
Net Income 2.92 135.17 4532.4 %
Average Shares 375.00 375.00 -
Earnings Per Share before unusual items (Riyal) 0.01 0.36 4532.4 %
EPS (Riyal) 0.01 0.36 4532.4 %

Revenues increased 46.88% year-on-year (YoY) in Q1 2025 on higher property sales and an increase in rental earnings.

 

In addition, Al Akaria noted a 794% surge in gross profit from property sales, and an 86% rise in gross profit from infrastructure projects.

 

On a sequential basis, net profit declined 28.2% from SAR 188.18 million in Q4 2024.

 

Total shareholders’ equity, after minority interest, stood at SAR 5.17 billion as of March 31, 2025, compared to SAR 4.77 billion a year earlier.

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