Banan Real Estate Co. reported lower earnings of SAR 27 million for the first nine months of 2025, versus SAR 30.1 million a year earlier.
| Item | 9m 2024 | 9m 2025 | Change |
|---|---|---|---|
| Revenues | 76.20 | 54.33 | (28.7 %) |
| Gross Income | 50.47 | 44.80 | (11.2 %) |
| Operating Income | 39.84 | 41.02 | 3.0 % |
| Net Income | 30.09 | 26.95 | (10.4 %) |
| Average Shares | 200.00 | 200.00 | - |
| Earnings Per Share before unusual items (Riyals) | 0.15 | 0.13 | (14.5 %) |
| EPS (Riyal) | 0.15 | 0.13 | (10.4 %) |
The company attributed the profit drop to a decrease in overall revenues, despite an increase in rental income.
In the third quarter, net profit fell 12.4% to SAR 8.79 million, compared with SAR 10.04 million in Q3 2024. On a sequential basis, however, earnings grew 7.6% from SAR 8.17 million in Q2 2025.
| Item | Q3 2024 | Q3 2025 | Change |
|---|---|---|---|
| Revenues | 16.68 | 18.59 | 11.5 % |
| Gross Income | 14.21 | 15.47 | 8.9 % |
| Operating Income | 12.95 | 13.38 | 3.3 % |
| Net Income | 10.04 | 8.79 | (12.4 %) |
| Average Shares | 200.00 | 200.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.05 | 0.04 | (12.4 %) |
| EPS (Riyal) | 0.05 | 0.04 | (12.4 %) |
| Item | Q2 2025 | Q3 2025 | Change |
|---|---|---|---|
| Revenues | 17.71 | 18.59 | 5.0 % |
| Gross Income | 14.60 | 15.47 | 6.0 % |
| Operating Income | 14.39 | 13.38 | (7.0 %) |
| Net Income | 8.17 | 8.79 | 7.6 % |
| Average Shares | 200.00 | 200.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.04 | 0.04 | 7.6 % |
| EPS (Riyal) | 0.04 | 0.04 | 7.6 % |
Total shareholders’ equity, after minority interest, amounted to SAR 417.68 million as of Sept. 30, 2025, compared to SAR 396.53 million the same period a year earlier.
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