LADUN Investment Reports SAR 55.40M Net Loss in 2025
LADUN 9535.SA | 2.40 | +3.90% |
On 2026-03-30 16:28:43 (Saudi Time), LADUN Investment Company announced its Annual financial results for the year ended on December 31, 2025.
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 1,158,181,192 | 1,505,275,867 | -23.06 | ||
| Gross Profit (Loss) | 185,618,884 | 272,105,915 | -31.78 | ||
| Operational Profit (Loss) | 31,073,485 | 105,334,098 | -70.5 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -55,396,872 | 66,084,456 | - | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -57,418,001 | 59,266,142 | - | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 577,501,643 | 634,919,644 | -9.04 | ||
| Profit (Loss) per Share | -0.11 | 0.13 | |||
| 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 23% decline in revenue in 2025 compared to 2024 is mainly due to a 60% decrease in real estate segment revenues, as most projects were in their final stages of completion and no new projects were initiated. At the same time, the contracting, industrial, and services segments recorded solid growth of 36%, 22%, and 10%, respectively. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is |
The real estate segment recorded a loss of SAR 55 million in 2025, compared to a net profit of SAR 84.4 million in 2024. The contracting segment reduced its loss to SAR 27.7 million in 2025, down from SAR 41.8 million in 2024. The industrial segment’s net profit increased to SAR 22.9 million in 2025, compared to SAR 20.8 million in 2024, while the services segment achieved a net profit of SAR 4.8 million in 2025, up from SAR 2.6 million in 2024.
The Group’s consolidated net profit was negatively impacted by losses in the real estate segment, resulting in a net loss of SAR 55 million in 2025, compared to a net profit of SAR 66 million in 2024. This was mainly due to the absence of new real estate projects and delays in sales activities at the Al-Asilah (Dhahiyat Alqa) scheme in Makkah.
Despite revenue growth in the contracting segment, the lack of newly awarded government projects exceeding SAR 1.35 billion affected both the segment’s net profit and the Group’s overall earnings. |
| 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) | NA |
| Reclassification of Comparison Items | NA |
| Additional Information | - |
Year-on-Year Performance Drivers
Sales declined 23.06% YoY to 1,158.18 million SAR, primarily driven by a 60% decrease in real estate segment revenues as most projects reached final completion stages with no new projects initiated. The company swung from a net profit of 66.08 million SAR in 2024 to a net loss of 55.40 million SAR in 2025, mainly due to the real estate segment recording a 55 million SAR loss compared to an 84.4 million SAR profit in the previous year. Despite solid growth in contracting (36%), industrial (22%), and services (10%) segments, the absence of new real estate projects and delays in sales activities at the Al-Asilah scheme in Makkah significantly impacted overall profitability.
Quarter-on-Quarter Performance Drivers
Revenue declined 23.06% year-over-year to 1,158.18 million SAR, primarily driven by a 60% decrease in real estate segment revenues as most projects reached final completion stages with no new projects initiated. The company swung to a net loss of 55.40 million SAR from a 66.08 million SAR profit in the previous year, mainly due to real estate segment losses of 55 million SAR compared to 84.4 million SAR profit in 2024. Contributing factors included absence of new real estate projects, delays in sales activities at the Al-Asilah scheme in Makkah, and lack of newly awarded government contracts exceeding 1.35 billion SAR in the contracting segment.
Other Items
The auditors issued an unmodified opinion with no additional comments, disclaimers, or adverse remarks noted. The company reported a net loss of 55.40 million SAR in 2025 compared to a net profit of 66.08 million SAR in 2024, with total shareholders equity declining 9.04% to 577.50 million SAR. Loss per share was 0.11 SAR versus earnings per share of 0.13 SAR in the previous year.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=93972&anCat=1&cs=9535&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.