Financial Results : Jadwa REIT Al Haramain makes SAR 14.6M FFO, SAR 29.4M profit in H1 2025

Jadwa REIT Al Haramain makes SAR 14.6M FFO, SAR 29.4M profit in H1 2025

11/08/2025 Argaam Exclusive

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Jadwa REIT Al Haramain Fund reported net earnings of SAR 29.4 million (SAR 0.45 per unit) for the first half of 2025, compared to SAR 10.1 million (SAR 0.15 per unit) a year earlier, Jadwa Investment, the fund manager, said in a statement to Tadawul.

 

Funds from operations (FFO) reached around SAR 14.6 million during the six-month period, compared with SAR 10.6 million in H1 2024.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Rental Income 27.65 30.34 9.7 %
Funds from Operations(FFO) 10.63 14.60 37.3 %
Net Income 10.07 29.42 192.1 %
No of shares 66.00 66.00 -
Earnings Per Share before unusual items (Riyals) 0.15 0.45 192.1 %
Operating EPS (Riyal) 0.16 0.22 37.3 %
EPS (Riyal) 0.15 0.45 192.1 %

Real estate investment values increased, reversing a decline, to SAR 17.9 million, compared to SAR 5.1 million achieved during the same period of the previous year.

 

This was mainly due to higher revenues, reaching SAR 30.4 million, compared to SAR 27.7 million a year earlier, as well as a decrease in expenses due to lower custody fees, in addition to reduced financing costs, partially offset by higher fund management fees.



Balance Sheet (Million)

Item 6m 2024 6m 2025 Change‬
Total Assets 735.27 759.42 3.3 %
Total Debt 214.35 214.85 0.2 %
Net assets attributable to the Unitholders Item 506.02 529.71 4.7 %
Market value of net assets 506.02 532.42 5.2 %

Net asset value (NAV) stood at SAR 529.70 million by the end of H1 2025, while net book value per unit reached SAR 8.03.

 

The market value of assets stood at SAR 532.42 million as of June 30, 2025, with a market value per unit of SAR 8.07.

 

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