Financial Results : Al Akaria turns to SAR 229.6M profit in H1 2025, SAR 94.4M in Q2

Al Akaria turns to SAR 229.6M profit in H1 2025, SAR 94.4M in Q2

10/08/2025 Argaam Exclusive

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Saudi Real Estate Co. (Al Akaria) delivered a net profit of SAR 229.6 million in the first half of 2025, against a net loss of SAR 11.3 million in the year-earlier period.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 809.90 1,117.06 37.9 %
Gross Income 254.38 547.72 115.3 %
Operating Income 136.06 416.72 206.3 %
Net Income (11.27) 229.62 2137.1 %
Average Shares 375.00 375.00 -
Earnings Per Share before unusual items (Riyals) (0.03) 0.61 2137.1 %
EPS (Riyal) (0.03) 0.61 2137.1 %

The company’s revenues jumped 37.9% year-on-year (YoY) to SAR 1.11 billion. This rise was spurred by a 527% YoY surge in revenues from real estate sakes, mainly due to divestment of non-core land plots.

 

Al Akaria also reported an increase in project completion rates and off-plan unit sales. Real estate rental income grew by 8% YoY, thanks to better occupancy rates and average rent per square meter.

 

Moreover, gross profit from property sales and rentals soared by 611% and 13% YoY, respectively.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 382.33 488.99 27.9 %
Gross Income 125.30 238.03 90.0 %
Operating Income 58.29 173.35 197.4 %
Net Income (14.19) 94.45 765.6 %
Average Shares 375.00 375.00 -
Earnings Per Share before unusual items (Riyal) (0.04) 0.25 765.6 %
EPS (Riyal) (0.04) 0.25 765.6 %

In Q2 2025, the real estate developer swung to a net profit of SAR 94.4 million, from a net loss of SAR 14.2 million in Q2 2024 as topline increased by 27.9% YoY.

 

On a sequential basis, Al Akaria cut net losses by 30.2% from SAR 135.1 million in Q1 2025, hurt by a 22.1% drop quarter-on-quarter in revenues.

 

Total shareholders’ equity, after minority interest, came in at SAR 5.27 billion as of June 30, 2025, up from SAR 4.73 billion a year earlier.

 

Attached Documents

 

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