Adeer Real Estate Co. reported a 77% increase in net profit to SAR 68.3 million for the first half of 2025, compared to SAR 38.5 million in the same period of 2024.
Item | H1 2024 | H1 2025 | Change |
---|---|---|---|
Revenues | 69.72 | 100.75 | 44.5 % |
Net Income | 38.51 | 68.33 | 77.4 % |
Average Shares | 5.00 | 5.00 | - |
Earnings Per Share before unusual items (Riyal) | 7.24 | 13.67 | 88.6 % |
EPS (Riyal) | 7.70 | 13.67 | 77.4 % |
Item | H2 2024 | H1 2025 | Change |
---|---|---|---|
Revenues | 51.32 | 100.75 | 96.3 % |
Net Income | 25.18 | 68.33 | 171.3 % |
Average Shares | 5.00 | 5.00 | - |
Earnings Per Share before unusual items (Riyal) | 5.04 | 13.67 | 171.3 % |
EPS (Riyal) | 5.04 | 13.67 | 171.3 % |
The sharp rise in profits was driven mainly by a 44% year-on-year (YoY) increase in revenues, thanks to a surge in real estate marketing income, resulting from the execution of new property deals and projects. Additionally, the developer initiated real estate development projects during the period.
Total shareholders' equity (no minority interests) reached SAR 143.33 million by the end of June 2025, up from SAR 120.37 million a year ago.
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