Umm Al Qura Reports SAR 261.03M Net Profit in the Six Months 2026
MASAR 4325.SA | 0.00 |
On 2026-08-03 08:00:25 (Saudi Time), Umm Al Qura for Development and Construction Co. announced its Interim financial results for the six months ended on June 30, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 915.87 | 669.18 | 36.864 | 79.65 | 1,049.868 |
| Gross Profit (Loss) | 445.74 | 323.31 | 37.867 | 39.35 | 1,032.757 |
| Operational Profit (Loss) | 359.99 | 248.93 | 44.614 | 96.06 | 274.755 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 216.1 | 236.68 | -8.695 | 44.93 | 380.97 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 216.1 | 236.68 | -8.695 | 44.93 | 380.97 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 995.52 | 1,171.16 | -14.997 |
| Gross Profit (Loss) | 485.09 | 554.73 | -12.553 |
| Operational Profit (Loss) | 456.05 | 424.69 | 7.384 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 261.03 | 396.34 | -34.139 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 261.03 | 396.34 | -34.139 |
| Total Shareholders Equity (after Deducting Minority Equity) | 16,124.8 | 15,274.46 | 5.567 |
| Profit (Loss) per Share | 0.18 | 0.29 | |
| 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
For the six-month period ending 30 June 2026, Sales/Revenue declined 14.997% YoY to SAR 995.52 million (from SAR 1,171.16 million), driven by a decrease in revenues from the sale of lands. Net profit attributable to shareholders fell 34.139% YoY to SAR 261.03 million (from SAR 396.34 million), primarily due to an increase in financial charges recognized in the income statement following the discontinuation of capitalizing borrowing costs associated with financing infrastructure works, concurrent with the substantial completion of those works.
Quarter-on-Quarter Performance Drivers
QoQ revenue surged 1,049.868% to SAR 915.87 million (from SAR 79.65 million in the previous quarter), driven entirely by a significant increase in revenues from land sales. Net profit attributable to shareholders rose 380.97% QoQ to SAR 216.1 million (from SAR 44.93 million), also primarily attributable to the same increase in land sale revenues.
Other Items
The external auditor issued an unmodified conclusion with no additional comments or reservations noted. No material risks, going concern uncertainties, debt covenant breaches, or reclassification of comparison items were disclosed. Total shareholders' equity (after deducting minority equity) stood at SAR 16,124.8 million as of the current period, compared to SAR 15,274.46 million in the same period of the prior year, representing an increase of 5.567%. Earnings per share for the current period were SAR 0.18, down from SAR 0.29 in the corresponding prior-year period. No profits or losses resulting from changes in investment property fair value were reported.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97173&anCat=1&cs=4325&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/34254_7246_2026-08-03_00-21-58_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.