Financial Results : KEC reports SAR 26.7M loss for 9M 2025; SAR 28.2M profits in Q3

KEC reports SAR 26.7M loss for 9M 2025; SAR 28.2M profits in Q3

10/11/2025 Argaam Exclusive

View other reports

Knowledge Economic City (KEC) lowered its losses to SAR 26.7 million in the first nine months of 2025, down from a loss of SAR 47.6 million during the same period in 2024.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 45.97 235.79 412.9 %
Gross Income 9.80 73.65 651.7 %
Operating Income (46.06) (18.79) 59.2 %
Net Income (47.62) (26.71) 43.9 %
Average Shares 339.30 339.30 -
Earnings Per Share before unusual items (Riyals) (0.14) (0.04) 70.8 %
EPS (Riyal) (0.14) (0.08) 43.9 %

The narrowed losses were ascribed to skyrocketed revenues, surging 413% year-on-year (YoY), mainly due to higher unit sales in one of the company’s residential projects. In addition, the company sold a plot of land for SAR 37.6 million in September 2025.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 34.86 123.33 253.8 %
Gross Income 6.42 51.69 704.8 %
Operating Income (12.60) 27.74 320.1 %
Net Income (8.93) 28.24 416.4 %
Average Shares 339.30 339.30 -
Earnings Per Share before unusual items (Riyal) (0.03) 0.08 416.4 %
EPS (Riyal) (0.03) 0.08 416.4 %

In Q3 2025, the company recorded profits compared with losses in Q3 2024, driven by a 254% YoY hike in sales, primarily from higher unit sales in one of its residential projects, in addition to the SAR 37.6 million land plot sale in September 2025.

 

Compared with Q2 2025, achieving profits in Q3 was supported by a 101% increase in sales, reflecting higher unit sales in one of the company’s residential projects, alongside the September land sale of SAR 37.6 million.

 

Total shareholders’ equity, after minority interest, reached SAR 2.958 billion as of Sept. 30, 2025, compared to SAR 2.956 billion a year earlier.

 

Accumulated losses stood at SAR 432.94 million by the end of the nine-month period, accounting for 13% of the company’s capital.

View more financial results

 

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.