Umm Al Qura for Development and Construction Co. (Masar), the developer of MASAR destination, posted net earnings of SAR 396.3 million for the first half of 2025, compared with SAR 192.2 million a year earlier, as revenue rose 54% year-on-year (YoY) due to higher earnings from land sales.
Item | 6m 2024 | 6m 2025 | Change |
---|---|---|---|
Revenues | 760.75 | 1,171.17 | 53.9 % |
Gross Income | 326.25 | 554.73 | 70.0 % |
Operating Income | 217.12 | 388.13 | 78.8 % |
Net Income | 192.16 | 396.34 | 106.3 % |
Average Shares | 1,307.86 | 1,438.65 | 10.0 % |
Earnings Per Share before unusual items (Riyals) | 0.15 | 0.28 | 87.5 % |
EPS (Riyal) | 0.15 | 0.28 | 87.5 % |
Item | Q2 2024 | Q2 2025 | Change |
---|---|---|---|
Revenues | 576.32 | 669.18 | 16.1 % |
Gross Income | 253.77 | 323.31 | 27.4 % |
Operating Income | 205.09 | 236.87 | 15.5 % |
Net Income | 187.36 | 236.68 | 26.3 % |
Average Shares | 1,307.86 | 1,438.65 | 10.0 % |
Earnings Per Share before unusual items (Riyal) | 0.14 | 0.16 | 14.8 % |
EPS (Riyal) | 0.14 | 0.16 | 14.8 % |
Item | Q1 2025 | Q2 2025 | Change |
---|---|---|---|
Revenues | 501.98 | 669.18 | 33.3 % |
Gross Income | 231.42 | 323.31 | 39.7 % |
Operating Income | 151.26 | 236.87 | 56.6 % |
Net Income | 159.66 | 236.68 | 48.2 % |
Average Shares | 1,438.65 | 1,438.65 | - |
Earnings Per Share before unusual items (Riyal) | 0.11 | 0.16 | 48.2 % |
EPS (Riyal) | 0.11 | 0.16 | 48.2 % |
The developer posted a net profit of SAR 236.7 million for Q2 2025, up 26.3% YoY.
Q2 2025 net earnings jumped 48.2% from SAR 159.66 million in Q1 2025.
Total shareholders' equity, no minority interest, reached SAR 15.27 billion by the end of Q2 2025, compared with SAR 12.66 billion a year earlier.
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