Financial Results : Retal profit up to SAR 190M in 9M 2025; Q3 at SAR 55.7M

Retal profit up to SAR 190M in 9M 2025; Q3 at SAR 55.7M

09/11/2025 Argaam Exclusive

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Retal Urban Development Co. reported a net profit (after excluding minority interest) of SAR 190 million in the first nine months of 2025, an increase from SAR 174.5 million in the year-earlier period.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 1,474.73 1,731.90 17.4 %
Gross Income 365.80 375.90 2.8 %
Operating Income 262.40 252.70 (3.7 %)
Net Income 174.49 190.00 8.9 %
Average Shares 500.00 500.00 -
Earnings Per Share before unusual items (Riyals) 0.35 0.30 (14.4 %)
EPS (Riyal) 0.35 0.38 8.9 %

The profit increase was driven by the increase of development contracts revenues, which grew by 20.4%, as result of achieving higher percentage of completion rates across ongoing projects and the commencement of new projects versus the same period of the previous year.

 

Gross profit for the nine-month period grew by 2.8%, in addition to recognized profits of SAR 32.6 million from partial sale of the company’s units in a real estate fund compared to same period of the previous year.

 

However, the current period witnessed higher general and administrative expenses due to the increase in employee-related costs and a decrease in the share of results from associates and joint ventures compared to the same period last year.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 510.40 676.40 32.5 %
Gross Income 109.90 139.50 26.9 %
Operating Income 72.80 95.30 30.9 %
Net Income 40.03 55.75 39.3 %
Average Shares 500.00 500.00 -
Earnings Per Share before unusual items (Riyal) 0.08 0.11 39.3 %
EPS (Riyal) 0.08 0.11 39.3 %

The third-quarter net profit grew 39% to SAR 55.7 million, from SAR 40 million in Q3 2024.

 

The company’s bottom line dropped 15.7% from SAR 66.12 million in Q2 2025.

 

Shareholders’ equity, after minority interest, reached SAR 911.1 million by Sept. 30, 2025, compared to SAR 754.9 million in the prior-year period.

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