Financial Results : Makkah Construction H1 2025 profit up 15% to SAR 294M; Q2 at SAR 144M

Makkah Construction H1 2025 profit up 15% to SAR 294M; Q2 at SAR 144M

31/07/2025 Argaam Exclusive

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Makkah Construction and Development Co. (MCDC) reported a net profit of SAR 294 million in H1 2025, an increase of 15% from SAR 256 million in the year-earlier period, on the company’s profit share from an associate company and higher earnings from commercial malls.

 


Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 535.51 623.67 16.5 %
Gross Income 289.90 312.82 7.9 %
Operating Income 256.96 263.90 2.7 %
Net Income 255.98 294.32 15.0 %
Average Shares 200.00 200.00 -
Earnings Per Share before unusual items (Riyals) 1.28 1.47 15.0 %
EPS (Riyal) 1.28 1.47 15.0 %

H1 2025 topline stood at SAR 624 million, primarily driven by growth in revenues from Hajj operations, commercial malls and hotels.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 350.10 388.11 10.9 %
Gross Income 163.01 143.02 (12.3 %)
Operating Income 144.89 118.93 (17.9 %)
Net Income 142.57 144.18 1.1 %
Average Shares 200.00 200.00 -
Earnings Per Share before unusual items (Riyal) 0.71 0.72 1.1 %
EPS (Riyal) 0.71 0.72 1.1 %

Q2 2025 net profit grew 1% to SAR 144 million from SAR 142.5 million in the year-earlier period.

 

On a quarterly basis, net earnings fell 4.1% from SAR 150.14 million in Q1 2025.

 

Total shareholders’ equity, no minority interest, reached SAR 4.07 billion by June 30, 2025, compared to SAR 4.23 billion in the prior-year period.

 

Attached Documents

 

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