Financial Results : View H1 2025 net profit more than doubles to SAR 10M

View H1 2025 net profit more than doubles to SAR 10M

20/08/2025 Argaam Exclusive

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View United Real Estate Development Co. reported a net profit of SAR 10 million in H1 2025, a more than two-fold increase from SAR 4.3 million a year earlier.



Current Half Annual Comparison (M)

Compared With The
Item H1 2024 H1 2025 Change‬
Revenues 30.40 62.25 104.8 %
Gross Income 7.70 15.46 100.8 %
Operating Income 3.60 10.81 199.9 %
Net Income 4.30 9.97 132.1 %
Average Shares 33.00 33.00 -
Earnings Per Share before unusual items (Riyal) 0.13 0.30 132.1 %
EPS (Riyal) 0.13 0.30 132.1 %

H1 2025 revenue increased by 104.77%, mainly on improved operating performance, in addition to the exceptionally positive impact of the company's projects (off-plan sales) and land sales.

 

Operating expenses, which include marketing, sales, general and administrative expenses, decreased by 9% year-on-year (YoY).

 

Meanwhile, H1 2025 cost of revenue surged by 106% YoY. Zakat expenditure rose to SAR 1 million in H1 2025 from SAR 369,000 in H1 2024.

 

On a semi-annual basis, net profit dropped 41% from SAR 16.91 million in H2 2024.

 

Total shareholders’ equity, no minority interest, stood at SAR 77.32 million by June 30, 2025, compared to SAR 60.39 million a year earlier.

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