Financial Results : Makkah Construction net profit up 33% to SAR 150M in Q1 2025

Makkah Construction net profit up 33% to SAR 150M in Q1 2025

05/05/2025 Argaam Exclusive

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Makkah Construction and Development Co. posted a net profit of SAR 150 million in Q1 2025, a 33% rise compared to SAR 113 million a year earlier.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 185.41 235.56 27.0 %
Gross Income 126.89 169.79 33.8 %
Operating Income 112.08 144.97 29.3 %
Net Income 113.41 150.14 32.4 %
Average Shares 200.00 200.00 -
Earnings Per Share before unusual items (Riyal) 0.57 0.75 32.4 %
EPS (Riyal) 0.57 0.75 32.4 %

Topline rose due to the increase in hotel and towers revenues as the last nine days of Ramadan fell within the quarter. In addition, higher rental value pushed up mall revenues.

 

The current quarter included returns on financial assets classified at fair value through the profit or loss statement.

 

Quarter-on-quarter (QoQ), the net profit jumped 74.4% from SAR 86 million in Q4 2024.

 

Shareholders’ equity, no minority interest, stood at SAR 4.81 billion as of March 31, 2025, compared to SAR 4.66 billion a year earlier.

 

Attached Documents

 

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