Sumou Real Estate Reports SAR 35.63M Net Profit in Three Months 2026
SUMOU 4323.SA | 0.00 |
On 2026-05-10 08:18:49 (Saudi Time), Sumou Real Estate 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 | 185.531 | 101.49 | 82.807 | 168.452 | 10.138 |
| Gross Profit (Loss) | 48.065 | 28.701 | 67.468 | 37.21 | 29.172 |
| Operational Profit (Loss) | 39.209 | 25.167 | 55.795 | 29.931 | 30.997 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 35.625 | 22.363 | 59.303 | 26.663 | 33.612 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 33.883 | 22.052 | 53.65 | 27.098 | 25.038 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 776.699 | 630.742 | 23.14 |
| Profit (Loss) per Share | 0.71 | 0.45 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | ||
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales increased 82.81% YoY to 185.53 million SAR, driven by revenues from new real estate development projects launched in Q1 2026 that were not present in the comparable quarter of the previous year, along with increased revenues from existing development projects. Net profit surged 59.30% YoY to 35.63 million SAR, primarily attributed to the same revenue growth from new and expanded real estate development activities during the current quarter.
Quarter-on-Quarter Performance Drivers
QoQ revenue increased 10.14% to 185.53 million from 168.45 million, driven by revenues from new real estate development projects launched during the current quarter. Net profit rose 33.61% to 35.63 million from 26.66 million, primarily attributed to the same revenue growth from new development services projects.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. No accumulated losses were reported, and the company shows no material uncertainty regarding going concern. Total shareholders' equity increased 23.14% to 776.699 million SAR compared to the previous year, with earnings per share improving to 0.71 SAR from 0.45 SAR. Some comparative figures were reclassified to conform to current period presentation.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95125&anCat=1&cs=4323&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.