Dar Alarkan Reports SAR 498.97M Net Profit in the Six Months 2026
DAR ALARKAN 4300.SA | 0.00 |
On 2026-07-30 15:53:22 (Saudi Time), Dar Alarkan Real Estate Development Co. 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 | 1,179.98 | 852.14 | 38.472 | 1,163.29 | 1.434 |
| Gross Profit (Loss) | 531.8 | 410.85 | 29.438 | 533.11 | -0.245 |
| Operational Profit (Loss) | 482.88 | 353.43 | 36.626 | 480.01 | 0.597 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 238.74 | 238.62 | 0.05 | 260.24 | -8.261 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 243.36 | 224.34 | 8.478 | 239.24 | 1.722 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 2,343.27 | 1,784.14 | 31.338 |
| Gross Profit (Loss) | 1,064.9 | 817.42 | 30.275 |
| Operational Profit (Loss) | 962.9 | 691.02 | 39.344 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 498.97 | 447.96 | 11.387 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 482.59 | 434.3 | 11.119 |
| Total Shareholders Equity (after Deducting Minority Equity) | 22,710.03 | 21,528.91 | 5.486 |
| Profit (Loss) per Share | 0.46 | 0.41 | |
| All figures are in (Millions) 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 (Millions) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
For the six-month period ending 30 June 2026, Dar Alarkan Real Estate Development Co. reported sales/revenue of SAR 2,343.27 million, up 31.338% YoY from SAR 1,784.14 million, driven primarily by higher property sales. Net profit attributable to shareholders increased 11.387% YoY to SAR 498.97 million from SAR 447.96 million, also supported by higher property sales, increased lease revenue, and higher non-operating income from Islamic Murabaha deposits, though these gains were partially offset by an increase in finance costs and partially mitigated by a decrease in operating expenses.
Quarter-on-Quarter Performance Drivers
QoQ revenue rose 1.434% to SAR 1,179.98 million (vs. SAR 1,163.29 million in the prior quarter), driven by higher property sales. Despite the revenue increase, net profit attributable to shareholders declined 8.261% QoQ to SAR 238.74 million (from SAR 260.24 million), primarily due to higher finance costs. The negative impact of increased finance costs was partially mitigated by lower operating expenses and higher non-operating income from Islamic Murabaha deposits.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, reservations, or other matters noted. No material risks, going concern uncertainties, or debt covenant breaches were flagged. Total shareholders' equity (after deducting minority equity) stood at SAR 22,710.03 million as of the current period, compared to SAR 21,528.91 million in the same period of the prior year, representing a 5.486% increase. Earnings per share for the current period were SAR 0.46, up from SAR 0.41 in the same period last year. No profits or losses resulting from changes in investment property fair value were reported, and no reclassification of comparison items was made.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97112&anCat=1&cs=4300&locale=arImportant 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.