Financial Results : Al Akaria profit jumps to SAR 268.5M in 9M 2025; Q3 at SAR 38.9M

Al Akaria profit jumps to SAR 268.5M in 9M 2025; Q3 at SAR 38.9M

11/11/2025 Argaam Exclusive

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Saudi Real Estate Co. (Al Akaria) leapt to a net profit of SAR 268.5 million in the first nine months of 2025, from SAR 26.9 million in the year-earlier period.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 1,243.51 1,526.80 22.8 %
Gross Income 389.60 718.90 84.5 %
Operating Income 239.20 517.90 116.5 %
Net Income 26.90 268.50 898.1 %
Average Shares 375.00 375.00 -
Earnings Per Share before unusual items (Riyals) 0.07 0.66 816.4 %
EPS (Riyal) 0.07 0.72 898.1 %

The rise in profit was attributed to a 22.8% year-on-year (YoY) rise in total revenues, totaling SAR 283 million.

 

This was primarily due to a 214% YoY increase in property sales revenues, amounting to SAR 404 million, from divestment of non-core land and higher off-plan sales, and a 9% YoY rise in property rental income, amounting to SAR 22 million, from higher occupancy rates and average rental prices.

 

Gross profit from property sales rose 350% YoY to SAR 215 million, while gross profit from rentals increased 14% to SAR 18 million.

 

These gains offset a 15% decline in infrastructure project revenues.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 433.61 409.70 (5.5 %)
Gross Income 135.21 171.20 26.6 %
Operating Income 103.11 101.20 (1.8 %)
Net Income 38.20 38.90 1.8 %
Average Shares 375.00 375.00 -
Earnings Per Share before unusual items (Riyal) 0.10 0.05 (55.8 %)
EPS (Riyal) 0.10 0.10 1.8 %

In Q3 2025, Al Akaria’s earnings rose 1.8% to reach SAR 38.9 million, compared to SAR 38.2 million in the third quarter of 2024.

 

On a sequential basis, net earnings plunged 58.8% from SAR 94.45 million in Q2 2025.

 

Shareholders’ equity, after minority interest, reached SAR 5.28 billion as of Sept. 30, 2025, up from SAR 4.79 million a year earlier.

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