Financial Results : Masar profit leaps 106% to SAR 396.3M in H1 2025, Q2 at SAR 236.7M

Masar profit leaps 106% to SAR 396.3M in H1 2025, Q2 at SAR 236.7M

03/08/2025 Argaam Exclusive

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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.



Financials (M)

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 %


Current Quarter Comparison (M)

Compared With The
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 %

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.

 

Attached Documents

 

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