Financial Results : Jabal Omar earns SAR 1.1B in 9M 2025, SAR 197.9M in Q3

Jabal Omar earns SAR 1.1B in 9M 2025, SAR 197.9M in Q3

02/11/2025 Argaam Exclusive

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Jabal Omar Development Co. reported a net profit of SAR 1.1 billion for the first nine months of 2025, versus a net loss of SAR 151.3 million in the year-ago period.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 1,474.01 1,573.34 6.7 %
Gross Income 511.55 527.23 3.1 %
Operating Income 296.23 1,438.99 385.8 %
Net Income (151.30) 1,101.73 828.2 %
Average Shares 1,160.91 1,180.02 1.6 %
Earnings Per Share before unusual items (Riyals) (0.13) (0.16) (23.4 %)
EPS (Riyal) (0.13) 0.93 816.4 %

Revenues increased year-on-year (YoY) due to improved occupancy rates, higher average room rates, and growth in rental rates in commercial centers.

 

The developer noted SAR 1.45 billion in gains from the sale of two land plots, in addition a decline of SAR 67 million in Zakat provisions following the settlement of prior-period liabilities.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 256.04 323.90 26.5 %
Gross Income (38.82) 2.55 106.6 %
Operating Income (99.54) 312.57 414.0 %
Net Income (203.63) 197.85 197.2 %
Average Shares 1,160.91 1,180.02 1.6 %
Earnings Per Share before unusual items (Riyal) (0.22) (0.28) (27.2 %)
EPS (Riyal) (0.18) 0.17 195.6 %
The third-quarter net profit stood at SAR 197.9 million, versus a net loss of SAR 203.6 million in Q3 2024.
 
Sequentially, the company turned to a net profit in Q3 2025 against a net loss of SAR 42.06 million in Q2 2025.
 
Shareholders’ equity, after minority interest, stood at SAR 14.5 billion at the end of Sept. 30, 2025, compared to SAR 12.5 billion in the year-earlier period.

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