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.
| 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.
| 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 % |
| Item | Q2 2025 | Q3 2025 | Change |
|---|---|---|---|
| Revenues | 501.70 | 323.90 | (35.4 %) |
| Gross Income | 192.82 | 2.55 | (98.7 %) |
| Operating Income | 54.02 | 312.57 | 478.6 % |
| Net Income | (42.06) | 197.85 | 570.4 % |
| Average Shares | 1,180.02 | 1,180.02 | - |
| Earnings Per Share before unusual items (Riyal) | 0.05 | (0.28) | (657.4 %) |
| EPS (Riyal) | (0.04) | 0.17 | 570.4 % |
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