EZDAN (ERES) Q2 2025 earnings summary

Executive summary

• Net profit surged 139.7% year-over-year to QR 423 million for Q2 2025, with EPS rising 137.3% to QR 0.016.

• Total comprehensive income reached QR 414.38 million, compared to QR 178.44 million for the same period last year.

• Gain on sale of investment property contributed QR 115.55 million to profit.

• Rental income and other operating revenues totaled QR 927.64 million, a slight increase year-over-year.

• Auditor's review found no material misstatements in the interim financial statements.

Financial highlights

• Total assets rose 1% to QR 46.8 billion compared to December 2024.

• Borrowings increased 7% to QR 12.0 billion since year-end 2024.

• Net cash from operating activities up 7% year-over-year to QR 700 million.

• Net cash used in investing activities was QR 404 million, a significant increase from the prior year.

• Cash and bank balances rose to QR 837.85 million from QR 113.21 million at year-end 2024.

Outlook and guidance

• Forward-looking statements indicate expectations of continued growth, but management notes risks and uncertainties may impact future performance.

• The Group expanded activities to include land trading and on-the-map selling, as per amended registration.

• No significant subsequent events were reported after the period end.