Financial Results : Dar Al Arkan H1 2025 profit jumps 39% to SAR 443M; Q2 at SAR 233M

Dar Al Arkan H1 2025 profit jumps 39% to SAR 443M; Q2 at SAR 233M

03/08/2025 Argaam Exclusive

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Dar Al Arkan Real Estate Development Co. reported a net profit of SAR 443 million in the first half of 2025, a rise of 39% from SAR 319 million in the year-earlier period.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 1,826.48 1,784.14 (2.3 %)
Gross Income 739.53 817.42 10.5 %
Operating Income 622.71 691.02 11.0 %
Net Income 318.71 448.37 40.7 %
Average Shares 1,080.00 1,080.00 -
Earnings Per Share before unusual items (Riyals) 0.30 0.42 40.7 %
EPS (Riyal) 0.30 0.42 40.7 %

The profit increase was driven by higher margin realized in property sale and the increase in project management and contracting revenues. Finance costs declined while non-operating income from Islamic Murabaha deposits rose.

Meanwhile, the company noted lower revenues on a decrease in real estate property sales.

 

The second-quarter net earnings jumped 41% to SAR 233 million, from SAR 165.12 million in Q2 2024.

 

The real estate developer’s net profit rose 11.1% quarter-on-quarter (QoQ) from SAR 209.73 million in Q1 2025.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 961.56 852.14 (11.4 %)
Gross Income 383.74 410.85 7.1 %
Operating Income 317.49 353.43 11.3 %
Net Income 165.12 238.64 44.5 %
Average Shares 1,080.00 1,080.00 -
Earnings Per Share before unusual items (Riyal) 0.15 0.22 44.5 %
EPS (Riyal) 0.15 0.22 44.5 %

Shareholders’ equity, after minority interest, rose to SAR 21.52 billion by June 30, 2025, from SAR 20.57 billion in the prior-year period.

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