Financial Results : Jabal Omar earns SAR 903.9M in H1 2025, loses SAR 42.1M in Q2

Jabal Omar earns SAR 903.9M in H1 2025, loses SAR 42.1M in Q2

03/08/2025 Argaam Exclusive

View other reports

Jabal Omar Development Co. posted net earnings of SAR 903.9 million in H1 2025, surging from SAR 52.3 million in the year-earlier period.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 1,217.97 1,249.44 2.6 %
Gross Income 550.37 524.68 (4.7 %)
Operating Income 452.61 466.15 3.0 %
Net Income 52.34 903.88 1627.1 %
Average Shares 1,160.91 1,180.02 1.6 %
Earnings Per Share before unusual items (Riyals) 0.10 0.13 32.2 %
EPS (Riyal) 0.05 0.77 1599.1 %

Revenues increased during the six-month period, mainly due to a rise in revenues from hotels and commercial centers.

 

The company also cited recognition of a gain from a land sale amounting to SAR 918 million, as well as a decrease in Zakat provisions by SAR 73 million. This was along with an increase in the fair value of financial instruments carried at fair value through profit or loss by SAR 37 million.

 

However, the firm recorded a higher impairment charge (a non-cash item) on properties amounting to SAR 201 million and an increase in depreciation expense by SAR 46 million, mainly due to the full operation of the Jumeirah Hotel during the current period.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 625.12 501.70 (19.7 %)
Gross Income 296.09 192.82 (34.9 %)
Operating Income 245.11 189.00 (22.9 %)
Net Income 33.32 (42.06) (226.2 %)
Average Shares 1,160.91 1,180.02 1.6 %
Earnings Per Share before unusual items (Riyal) 0.05 0.05 (6.9 %)
EPS (Riyal) 0.03 (0.04) (224.2 %)

The company turned to a net loss of SAR 42.1 million in Q2 2025, against net earnings of SAR 33.32 million in Q2 2024, mainly hurt by lower revenues and gross profit.

 

On a quarterly basis, the company also swung to a loss from earnings of SAR 945.94 million in Q1 2025.

 

Total shareholders’ equity, excluding minority interest, rose to SAR 14.37 billion as of June 30, 2025, from SAR 12.77 billion a year earlier.

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.