Financial Results : SEDCO Capital REIT posts SAR 78M FFO, SAR 79M profit in 2025

SEDCO Capital REIT posts SAR 78M FFO, SAR 79M profit in 2025

31/03/2026 Argaam Exclusive

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SEDCO Capital REIT Fund reported FFO of SAR 78 million (SAR 0.42 per unit) in 2025, compared to SAR 69 million (SAR 0.37 per unit) a year earlier.

 

The annual net profit surged to SAR 79 million (SAR 0.42 per unit), from SAR 14 million (SAR 0.08 per unit) in 2024.



Financials (M)

Item 2024 2025 Change‬
Rental Income 173.53 216.43 24.7 %
Funds from Operations(FFO) 69.42 77.91 12.2 %
Net Income 14.41 79.25 450.0 %
No of shares 186.94 186.94 -
Earnings Per Share before unusual items (Riyals) 0.08 0.40 415.3 %
Operating EPS (Riyal) 0.37 0.42 12.2 %
EPS (Riyal) 0.08 0.42 450.0 %

The rise in net profit was buoyed by a 25% rise year-on-year (YoY) in rental income and a SAR 34 million reversal of impairment on real estate investments, compared with a SAR 24 million impairment in the prior period.

 

The increase was also supported by a 5% decline YoY in management fees and the recognition of SAR 5 million in non-refundable income from a property sale.

 

This came despite a 34% increase in depreciation expenses and a rise of SAR 37.5 million in finance costs, while expected credit loss provisions declined to SAR 3 million from SAR 6 million in the prior period.



Interim Comparasion (M)

Compared With The
Item H2 2024 H2 2025 Change‬
Rental Income 85.23 127.07 49.1 %
Funds from Operations(FFO) 29.81 48.11 61.4 %
Net Income (3.38) 83.62 2575.1 %
No of shares 186.94 186.94 -
Operating EPS (Riyal) 0.16 0.26 61.4 %
EPS (Riyal) (0.02) 0.45 2575.1 %

Balance Sheet (Million)

Item 2024 2025 Change‬
Total Assets 2,478.03 3,530.93 42.5 %
Total Debt 965.59 1,820.16 88.5 %
Net assets attributable to the Unitholders Item 1,454.16 1,459.80 0.4 %
Market value of net assets 1,535.04 1,615.30 5.2 %

Net book value per unit stood at SAR 7.81, while the market value of net assets per unit reached SAR 8.64.

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