Financial Results : Dar Al Arkan profit rises 37% to SAR 209.7M in Q1 2025

Dar Al Arkan profit rises 37% to SAR 209.7M in Q1 2025

04/05/2025 Argaam Exclusive

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Dar Al Arkan Real Estate Development Co. reported a net profit of SAR 209.7 million in Q1 2025, an increase of 37% from SAR 153.6 million a year earlier.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 864.92 932.01 7.8 %
Gross Income 355.80 406.57 14.3 %
Operating Income 305.22 337.59 10.6 %
Net Income 153.59 209.73 36.5 %
Average Shares 1,080.00 1,080.00 -
Earnings Per Share before unusual items (Riyal) 0.14 0.19 36.5 %
EPS (Riyal) 0.14 0.19 36.5 %

The earnings growth was driven by higher property sales and lease revenue, as well as lower financing costs.

 

Additionally, the increase in lease revenue, lower finance costs and higher non-operating income from Murabaha deposits were offset by rising operating expenses and lower profits from the associates.

 

On a sequential basis, net earnings slumped 40.8% from SAR 354.38 million in Q4 2024 due to lower property sales and a decline in profit from associates.

 

Total shareholders’ equity, after minority interest, stood at SAR 21.3 billion by March 31, 2025, compared to SAR 20.4 billion a year ago.

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