Saudi Real Estate Co. (Al Akaria) posted a net profit of SAR 296 million in 2025, compared to SAR 215.1 million in 2024, driven mainly by higher gross profit from infrastructure projects and property sales.
| Item | 2024 | 2025 | Change |
|---|---|---|---|
| Revenues | 1,987.70 | 1,880.10 | (5.4 %) |
| Gross Income | 709.30 | 822.90 | 16.0 % |
| Operating Income | 481.00 | 597.70 | 24.3 % |
| Net Income | 215.10 | 296.00 | 37.6 % |
| Average Shares | 375.00 | 375.00 | - |
| Earnings Per Share before unusual items (Riyals) | 0.57 | 0.73 | 27.8 % |
| EPS (Riyal) | 0.57 | 0.79 | 37.6 % |
The profit increase was also due to lower financing costs and higher income from Murabaha despite a 5.4% year-on-year (YoY) decline in revenues for 2025.
However, property sales revenue rose 14% YoY in 2025, while rental income increased 9%, supported by higher occupancy rates and an increase in the average rental price per square meter.
In Q4 2025, the company logged an 85% drop in net profit to SAR 27.5 million, from SAR 188.22 million in Q4 2024.
Sequentially, the developer's three-month bottom-line also fell 29.4% from SAR 38.90 million in Q3 2025.
| Item | Q4 2024 | Q4 2025 | Change |
|---|---|---|---|
| Revenues | 744.19 | 353.33 | (52.5 %) |
| Gross Income | 319.72 | 103.95 | (67.5 %) |
| Operating Income | 241.84 | 79.80 | (67.0 %) |
| Net Income | 188.22 | 27.48 | (85.4 %) |
| Average Shares | 375.00 | 375.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.50 | 0.07 | (85.4 %) |
| EPS (Riyal) | 0.50 | 0.07 | (85.4 %) |
| Item | Q3 2025 | Q4 2025 | Change |
|---|---|---|---|
| Revenues | 409.71 | 353.33 | (13.8 %) |
| Gross Income | 171.22 | 103.95 | (39.3 %) |
| Operating Income | 101.18 | 79.80 | (21.1 %) |
| Net Income | 38.90 | 27.48 | (29.4 %) |
| Average Shares | 375.00 | 375.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.05 | 0.07 | 54.8 % |
| EPS (Riyal) | 0.10 | 0.07 | (29.4 %) |
| Company | Estimated | Actual | Change |
|---|---|---|---|
| THEEB | 49.56 | 36.93 | |
| ALAKARIA | 42.00 | 27.48 | |
| JAHEZ | 65.00 | (48.55) | |
| ALMAWARID | 35.87 | 39.16 | |
| SGS | 107.45 | 106.21 | |
| SASCO | 7.05 | 21.89 | |
| ADES | 192.72 | 220.69 | |
| AWPT | 65.70 | 66.35 | |
| NAJRAN CEMENT | 9.00 | 11.97 | |
| ALAMAR | 18.00 | 17.49 |
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