Financial Results : Makkah Construction posts SAR 380M profits in 9M 2025; SAR 85M in Q3

Makkah Construction posts SAR 380M profits in 9M 2025; SAR 85M in Q3

05/11/2025 Argaam Exclusive

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Makkah Construction and Development Co. (MCDC) reported a net profit of SAR 380 million in 9M 2025, an increase of 16.9% from SAR 325 million in the year-earlier period.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 677.00 908.00 34.1 %
Gross Income 370.00 408.00 10.3 %
Operating Income 322.00 339.00 5.3 %
Net Income 325.00 380.00 16.9 %
Average Shares 200.00 200.00 -
Earnings Per Share before unusual items (Riyals) 1.61 1.90 17.8 %
EPS (Riyal) 1.63 1.90 16.9 %

The company’s revenue rose 34.1% to SAR 908 million in the first nine months of 2025, compared to SAR 677 million in 9M 2024. This increase was driven by higher revenues from the Hajj segment, growth in mall income, and improved performance of the hotel and towers.

 

In addition, the developer registered higher net income from the mall, hotel and towers, as well as a share of profit from an associate.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 142.00 284.00 100.0 %
Gross Income 80.00 95.00 18.8 %
Operating Income 65.00 75.00 15.4 %
Net Income 69.00 85.00 23.2 %
Average Shares 200.00 200.00 -
Earnings Per Share before unusual items (Riyal) 0.33 0.43 27.7 %
EPS (Riyal) 0.35 0.43 23.2 %

Q3 2025 net profit grew 23.2% to SAR 85 million from SAR 69 million in the year-earlier period.

 

On a quarterly basis, net earnings fell 41% from SAR 144 million in Q2 2025.

 

Total shareholders’ equity, no minority interest, fell to SAR 4.09 billion by Sept. 30, 2025, from SAR 4.41 billion in the prior-year period.

 

Attached Document:

 

 

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