Financial Results : Retal H1 2025 profit at SAR 134.3M; Q2 at SAR 66.1M

Retal H1 2025 profit at SAR 134.3M; Q2 at SAR 66.1M

04/08/2025 Argaam Exclusive

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Retal Urban Development Co. reported a net profit of SAR 134.3 million in H1 2025, from SAR 134.5 million in the year-earlier period.





Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 964.30 1,055.51 9.5 %
Gross Income 255.80 236.36 (7.6 %)
Operating Income 189.53 157.45 (16.9 %)
Net Income 134.46 134.25 (0.2 %)
Average Shares 500.00 500.00 -
Earnings Per Share before unusual items (Riyals) 0.27 0.19 (30.3 %)
EPS (Riyal) 0.27 0.27 (0.2 %)

The profit growth was attributed to a 13.24% year-on-year (YoY) rise in revenue from development contracts, driven by higher completion rates of ongoing projects.

 

In addition, the company reported earnings of SAR 32.68 million from the partial sale of units it owns in a real estate investment fund.

 

On the other hand, general and administrative expenses increased by 31.47% YoY due to higher recruitment and employee-related costs, in line with the company’s ongoing expansion strategy.

 

Q2 2025 net profit dropped by 8% YoY to SAR 66.1 million, on slower sales across ongoing projects.





Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 463.67 488.44 5.3 %
Gross Income 128.95 106.26 (17.6 %)
Operating Income 101.71 59.65 (41.4 %)
Net Income 72.18 66.12 (8.4 %)
Average Shares 500.00 500.00 -
Earnings Per Share before unusual items (Riyal) 0.14 0.05 (64.6 %)
EPS (Riyal) 0.14 0.13 (8.4 %)

On a quarterly basis, Q2 2025 net earnings dropped 2.9% from SAR 66.12 million in Q1 2025.

 

Total shareholders’ equity, excluding minority equity, reached SAR 910.37 million by June 30, 2025, compared to SAR 796.98 million in the corresponding period of the year before.

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