On 2026-08-06 15:44:04 (Saudi Time), Ladun Investment Co. announced its Interim financial results for the six months ended on June 30, 2026.

Year-on-Year Performance Drivers

For the six-month period ending 30 June 2026, Ladun Investment Co.'s sales/revenue declined 50.973% YoY to SAR 313.48 million (SAR 0.31 million after conversion: actual figures are SAR 313,481,056 vs SAR 639,412,544, i.e., SAR 313.48 million vs SAR 639.41 million), driven by a SAR 213 million decline in the real estate development segment, a SAR 68 million decline in the contracting segment, and a SAR 37 million decline in the factories segment, as new projects have not yet commenced. The company swung to a net loss attributable to shareholders of SAR 73.91 million from a net profit of SAR 21.32 million in the prior-year period, primarily due to the sharp revenue contraction combined with continued finance costs and general & administrative expenses that could not be offset by the reduced gross profit of SAR 39.09 million (down 70.517% YoY from SAR 132.58 million).

Quarter-on-Quarter Performance Drivers

QoQ revenue declined 8.012% to SAR 150.20 million (vs. SAR 163.28 million in the prior quarter), driven by a SAR 26 million drop in contracting revenue and a SAR 8 million drop in factories revenue due to the non-commencement of new projects, partially offset by a SAR 21 million increase in real estate development revenue. Despite the slight net loss improvement QoQ (net loss narrowed 14.134% to SAR -34.15 million from SAR -39.77 million), the company remained in a net loss position, as ongoing finance costs and general & administrative expenses continued to weigh on profitability alongside the lower overall revenue base.

Other Items

The external auditor issued an unmodified conclusion on Ladun Investment Co.'s interim financial results for the six months ended June 30, 2026. No additional comments, reservations, or other matters were noted in the auditor's report. Total shareholders' equity (after deducting minority equity) stood at SAR 503,961,277 as of the current period, compared to SAR 653,701,363 in the same period of the prior year, representing a decline of 22.906%. Loss per share for the current period was SAR -0.15, compared to SAR 0.04 in the prior-year period. No accumulated losses or fair value changes in investment properties were reported in the accumulated losses table. Certain comparative figures have been reclassified.

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