Alramz Reports SAR 54.31M Net Profit in the Six Months 2026
ALRAMZ 4327.SA | 0.00 |
On 2026-08-03 16:04:05 (Saudi Time), Alramz Real Estate Co. (Alramz) announced its Interim financial results for the six months ended on June 30, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 550,360 | 89,030 | 518.173 | 360,301 | 52.75 |
| Gross Profit (Loss) | 37,590 | 13,166 | 185.508 | 49,896 | -24.663 |
| Operational Profit (Loss) | 16,307 | -1,205 | - | 34,236 | -52.368 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 25,612 | 64,983 | -60.586 | 28,696 | -10.747 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 25,612 | 64,983 | -60.586 | 28,696 | -10.747 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 910,661 | 222,860 | 308.624 |
| Gross Profit (Loss) | 87,486 | 36,371 | 140.537 |
| Operational Profit (Loss) | 50,543 | 10,539 | 379.58 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 54,308 | 71,504 | -24.049 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 54,308 | 71,504 | -24.049 |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,836,860 | 812,003 | 126.213 |
| Profit (Loss) per Share | 1.27 | 2.38 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
For the six-month period ending 30 June 2026 (H1 2026), Alramz Real Estate Company's sales/revenue surged 308.624% YoY to SAR 910.66 million (from SAR 222.86 million in H1 2025), driven primarily by a 2.8x increase in off-plan sales to SAR 139.7 million, an 8.0x increase in unit sales to SAR 72.5 million, and the sale of projects under development amounting to SAR 540.7 million. Despite the strong revenue growth, net profit attributable to shareholders declined 24.049% YoY to SAR 54.31 million (from SAR 71.50 million in H1 2025), mainly due to a lower semi-annual net fair-value gain compared to the prior year period, a higher zakat charge of SAR 6.6 million (H1 2025: SAR 2.5 million), and higher finance costs rising 51.2% compared to the same period of the previous year.
Quarter-on-Quarter Performance Drivers
QoQ revenue rose 52.75% to SAR 550.36 million (vs. SAR 360.30 million in Q1 2026), driven by growth in off-plan sales to SAR 94.2 million (from SAR 45.5 million), higher unit sales of SAR 41.9 million (from SAR 30.6 million), and the absence of seasonal headwinds such as Ramadan and Eid holidays that weighed on Q1 2026. Despite the revenue increase, net profit attributable to shareholders declined 10.747% QoQ to SAR 25.61 million (from SAR 28.70 million), primarily due to lower gross profit and reduced finance income.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, reservations, or other matters noted. Total shareholders' equity (after deducting minority equity) stood at SAR 1,836,860 thousand as of 30 June 2026, compared to SAR 812,003 thousand in the same period of the previous year, representing an increase of 126.213%. Earnings per share for H1 2026 were SAR 1.27, compared to SAR 2.38 in H1 2025. No material risks, going concern uncertainties, debt covenant breaches, or accumulated losses were disclosed. Certain comparative figures have been reclassified to conform with the presentation of the current period.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97211&anCat=1&cs=4327&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/33633_8347_2026-08-03_15-39-56_en.pdfImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.