Retal Reports SAR 59.3M Net Profit in Three Months 2026
RETAL 4322.SA | 0.00 |
On 2026-05-06 08:04:24 (Saudi Time), Retal Urban Development Company 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 | 577.4 | 567.1 | 1.816 | 705.9 | -18.203 |
| Gross Profit (Loss) | 143.4 | 130.1 | 10.222 | 230.1 | -37.679 |
| Operational Profit (Loss) | 103 | 97.8 | 5.316 | 153 | -32.679 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 59.3 | 68.1 | -12.922 | 103.6 | -42.76 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 59.3 | 68.1 | -12.922 | 102.6 | -42.202 |
| 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) | 1,073.5 | 847.1 | 26.726 |
| Profit (Loss) per Share | 0.12 | 0.14 | |
| 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 1.816% YoY to SAR 577.4 million, driven by a 2.3% increase in revenue from development contracts due to higher revenue from real estate funds and improved completion rates for ongoing projects. Net profit declined 12.922% YoY to SAR 59.3 million despite 10.222% gross profit growth, primarily due to increased general and administrative expenses, selling and marketing expenses, higher finance costs, and decreased shares of results from equity accounted investments.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 18.2% to SAR 577.4 million, primarily due to decreased development contract revenue as the previous quarter benefited from higher sales during the "Cityscape Global" exhibition, while the current quarter was impacted by seasonal factors including Ramadan which typically slows real estate sales activity. Net profit fell 42.8% to SAR 59.3 million, mainly driven by a 37.7% decrease in gross profit and reduced shares of results from equity accounted investments, despite lower operating expenses.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. Total shareholders equity increased 26.726% to SAR 1,073.5 million compared to the previous year. Earnings per share decreased to SAR 0.12 from SAR 0.14 in the corresponding quarter of the previous year. The company achieved gross profit margin improvement to 24.8% from 22.9% year-over-year and recorded 5.4% operating profit growth despite the net profit decline.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94981&anCat=1&cs=4322&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.