Hamad Mohammed Bin Saedan Reports SAR 7.59M Net Profit in 2025
HAMAD BIN SAEDAN REAL ESTATE 9648.SA | 0.00 |
On 2026-03-24 07:41:24 (Saudi Time), Hamad Mohammed Bin Saedan Real Estate Co. announced its Annual financial results for the twelve months ended on December 31, 2025.
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 43,293,893 | 89,228,206 | -51.48 | ||
| Gross Profit (Loss) | 16,937,838 | 25,997,514 | -34.85 | ||
| Operational Profit (Loss) | 16,662,177 | 16,636,671 | 0.15 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 7,590,755 | 7,036,159 | 7.88 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 7,558,936 | 6,944,174 | 8.85 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 304,231,676 | 254,511,172 | 19.54 | ||
| Profit (Loss) per Share | 0.31 | 0.29 | |||
| All figures are in (Actual) 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 (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | The company’s total revenue decreased by 51.48% compared to the previous year, reaching SAR 43.29 million compared to SAR 89.23 million in the prior year. This decline is primarily attributed to lower sales of land and real estate, in addition to a decrease in rental income resulting from the sale of certain investment assets during the 2025 reporting year. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The company achieved a net profit of SAR 7.56 million during the current year, an increase of SAR 0.61 million, representing a growth rate of 8.85% compared to the previous year. This increase in net profit is primarily attributed to non-operating profits resulting from the sale of investment properties, in addition to an increase in other income. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | None |
| Reclassification of Comparison Items | During the year, the Group reclassified certain comparative figures in the financial statements to conform with the current year's presentation. |
| Additional Information | Shareholders' equity also increased as a result of the capital increase following the company's listing on the Nomu – Parallel Market, in addition to the net profit recorded during the year 2025. |
Year-on-Year Performance Drivers
Sales declined 51.48% YoY to 43.29 million due to lower sales of land and real estate, plus decreased rental income from the sale of certain investment assets during 2025. Despite the significant revenue drop, net profit increased 7.88% to 7.59 million, primarily driven by non-operating profits from the sale of investment properties and increased other income, which offset the impact of reduced operational revenue.
Other Items
The auditors issued an unmodified opinion with no additional comments, disclaimers, or adverse opinions noted. No material risks regarding going concern or debt defaults were identified. Total shareholders' equity increased 19.54% to SAR 304,231,676, strengthened by capital increase from the company's listing on the Nomu – Parallel Market and retained earnings. Earnings per share improved to SAR 0.31 from SAR 0.29 in the previous year.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=93762&anCat=1&cs=9648&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.