Financial Results : Sumou profit grows 17% to SAR 22.4M in Q1 2025

Sumou profit grows 17% to SAR 22.4M in Q1 2025

30/04/2025 Argaam Exclusive

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Sumou Real Estate Co. (Sumou) reported a net profit of SAR 22.4 million for Q1 2025, a 17% growth from SAR 19.1 million a year earlier.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 80.97 101.49 25.3 %
Gross Income 21.53 28.70 33.3 %
Operating Income 16.02 25.17 57.1 %
Net Income 19.11 22.36 17.0 %
Average Shares 50.00 50.00 -
Earnings Per Share before unusual items (Riyal) 0.38 0.45 17.0 %
EPS (Riyal) 0.38 0.45 17.0 %

Topline grew 25% year-on-year (YoY) driven by a 22% rise in real estate project revenues and contracting activities.

 

On a sequential basis, net profit slipped 4.1% from SAR 23.33 million in Q4 2024.

 

Total shareholders’ equity, excluding minority interest, stood at SAR 630.74 million by the end of the current period, compared to SAR 555.74 million a year earlier.

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