Financial Results : Al Majdiah earns SAR 249.1M in 9M 2025, SAR 36.8M in Q3

Al Majdiah earns SAR 249.1M in 9M 2025, SAR 36.8M in Q3

05/11/2025 Argaam Exclusive

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Dar Al Majed Real Estate Co. (Al Majdiah) reported a net profit (after minority interest) of SAR 249.1 million for the first nine months of 2025, up from SAR 181.5 million a year earlier.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 1,007.29 910.08 (9.7 %)
Gross Income 253.91 299.56 18.0 %
Operating Income 197.23 231.76 17.5 %
Net Income 181.50 249.06 37.2 %
Average Shares 300.00 300.00 -
Earnings Per Share before unusual items (Riyals) 0.56 0.83 47.2 %
EPS (Riyal) 0.61 0.83 37.2 %

The annual profit increase was mainly driven by higher profits from land sales and gains from the revaluation of investment properties. The company also saw growth in units sold through its off-plan sales model during 9M 2025, despite recording weaker revenues during the same period.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 324.68 217.03 (33.2 %)
Gross Income 80.36 81.00 0.8 %
Operating Income 57.51 51.81 (9.9 %)
Net Income 78.91 36.84 (53.3 %)
Average Shares 300.00 300.00 -
Earnings Per Share before unusual items (Riyal) 0.22 0.12 (44.7 %)
EPS (Riyal) 0.26 0.12 (53.3 %)

In Q3 2025, net profit fell 53.3% to SAR 36.8 million, from SAR 78.91 million in the same quarter of 2024. This came as the three-month topline decreased by 33% on a yearly basis, besides incurring SAR 12 million in non-recurring expenses related to brand identity development.

 

Sequentially, the three-month net profit also retreated by 66.6% from SAR 110.31 million in Q2 2025.

 

Total shareholders’ equity, after minority interest, reached SAR 1.12 billion as of Sept. 30, 2025, up from SAR 809.95 million a year earlier.

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