Jabal Omar Development Company (4250) Q2 2025 earnings summary

Executive summary

• Achieved net profit of SR 903.9 million for the six months ended 30 June 2025, a significant increase from SR 52.3 million year-over-year, mainly due to a one-time gain on land sale.

• Revenue for the six-month period reached SR 1,249.4 million, up slightly from SR 1,218.0 million year-over-year.

• Basic and diluted EPS for the six months was SR 0.77, compared to SR 0.05 in the prior year.

Financial highlights

• Gross profit for the six months was SR 524.7 million, down from SR 550.4 million year-over-year.

• Operating profit surged to SR 1,126.4 million from SR 396.6 million, driven by a SR 0.9 billion gain on land sale.

• Finance costs decreased to SR 317.8 million from SR 332.2 million year-over-year.

• Net cash from operating activities was SR 68.7 million, while investing activities generated SR 1,953.3 million, mainly from asset sales.

• Total assets stood at SR 27.4 billion, with equity at SR 14.4 billion as of 30 June 2025.

Outlook and guidance

• Management expects further recognition of land sale gains in 2025 as pending transactions are completed.

• Cash flow forecasts for the next 12 months indicate a net positive position, supported by planned asset sales.