Makkah Construction Reports SAR 162.2M Net Profit in Three Months 2026
MCDC 4100.SA | 0.00 |
On 2026-05-10 08:07:19 (Saudi Time), Makkah Construction and Development Co. announced its Interim financial results for the three months ended on March 31, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 251.4 | 235.6 | 6.706 | 164.5 | 52.826 |
| Gross Profit (Loss) | 186.7 | 169.8 | 9.952 | 107.1 | 74.323 |
| Operational Profit (Loss) | 156.9 | 145 | 8.206 | 86.3 | 81.807 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 162.2 | 150.1 | 8.061 | 94.4 | 71.822 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 245.5 | 758.5 | -67.633 | -258.4 | - |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 4,086 | 4,813 | -15.104 |
| Profit (Loss) per Share | 0.81 | 0.75 | |
| 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
Sales increased 6.706% YoY to SAR 251.4 million, primarily driven by higher revenues from the commercial mall, hotel and towers. Net profit rose 8.061% YoY to SAR 162.2 million, benefiting from increased profits across the commercial center, hotel and towers operations, which helped offset a slight increase in expenses.
Quarter-on-Quarter Performance Drivers
QoQ revenue surged 52.83% to 251.40 million, driven primarily by higher revenues from the commercial center and increased hotel and towers revenues benefiting from Ramadan timing. Net profit jumped 71.82% to 162.20 million, with the commercial center and hotel/towers generating higher profits that offset slight expense increases during the holy month period.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. Total shareholders equity decreased 15.104% to SAR 4,086 million compared to the previous year. Earnings per share improved to SAR 0.81 from SAR 0.75 in the corresponding quarter of 2025.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95114&anCat=1&cs=4100&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/30314_446_2026-05-10_02-53-21_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.