Umm Al Qura for Development and Construction Co. (Masar) reported a net profit of SAR 159.7 million in Q1 2025, compared to SAR 4.8 million in Q1 2024 on stronger revenue.
Item | Q1 2024 | Q1 2025 | Change |
---|---|---|---|
Revenues | 184.43 | 501.98 | 172.2 % |
Gross Income | 72.48 | 231.42 | 219.3 % |
Operating Income | 12.04 | 151.26 | 1156.6 % |
Net Income | 4.81 | 159.66 | 3222.7 % |
Average Shares | 1,307.86 | 1,438.65 | 10.0 % |
Earnings Per Share before unusual items (Riyals) | 0.00 | 0.11 | 2920.6 % |
EPS (Riyals) | 0.00 | 0.11 | 2920.6 % |
Item | Q4 2024 | Q1 2025 | Change |
---|---|---|---|
Revenues | 796.46 | 501.98 | (37.0 %) |
Gross Income | 358.24 | 231.42 | (35.4 %) |
Operating Income | 253.10 | 151.26 | (40.2 %) |
Net Income | 189.55 | 159.66 | (15.8 %) |
Average Shares | 1,307.86 | 1,438.65 | 10.0 % |
Earnings Per Share before unusual items (Riyals) | 0.16 | 0.11 | (31.0 %) |
EPS (Riyals) | 0.14 | 0.11 | (23.4 %) |
Q1 revenue surged 172% year-on-year (YoY) on selling land plots.
On a sequential basis, net profit dropped 15.8% from SAR 189.55 million in Q4 2024.
Total shareholders’ equity, no minority interest, stood at SAR 15.03 billion as of March 31, 2025, compared to SAR 12.47 billion a year earlier.
Masar fully offset accumulated losses and recorded retained earnings of SAR 51 million.
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