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Arriyadh Development Co. announces its Interim Financial results for the Period Ending on 2025-06-30 ( Six Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 72.89 | 77.04 | -5.386 | 69.54 | 4.817 |
| Gross Profit (Loss) | 51.8 | 48.89 | 5.952 | 42.6 | 21.596 |
| Operational Profit (Loss) | 34.95 | 33.74 | 3.586 | 25.7 | 35.992 |
| Net profit (Loss) | 65.63 | 91.92 | -28.6 | 42.07 | 56.001 |
| Total Comprehensive Income | 65.63 | 91.92 | -28.6 | 42.07 | 56.001 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 142.43 | 155.47 | -8.387 |
| Gross Profit (Loss) | 94.43 | 99.99 | -5.56 |
| Operational Profit (Loss) | 60.66 | 67.92 | -10.689 |
| Net profit (Loss) | 107.7 | 162.4 | -33.682 |
| Total Comprehensive Income | 107.7 | 162.4 | -33.682 |
| Total Shareholders Equity (after Deducting Minority Equity) | 3,997 | 2,454 | 62.876 |
| Profit (Loss) per Share | 0.49 | 0.91 | |
| 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 | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | Although the revenue for the markets, centers, and real estate development management activities has increased by SAR 8.5 million, or 13% the total revenue from the main operations has declined by SAR 4 million or 5% due to the fact that the results of the corresponding quarter include revenue from Al-Tameer Center, which was transferred to Dira Development Company for Real Estate Development and Investment as an in-kind contribution starting from December 2024. When excluding Al-Tameer Center revenue, the total revenue from the main operations increases by 13%. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The company achieved a net profit of SAR 65.6 million, a decrease of SAR 26 million or 28%. This is mainly attributed to: 1.The corresponding quarter includes a profit from the sales of lands by the associate company “Tanal” at a value of SAR 24 million. 2.The corresponding quarter also includes revenue of SAR 26 million due to a reversal of potential liability provision. On the other hand, the company during current quarter has recorded: 1.Gain of SAR 15 million from the revaluation of its investment in anb capital arriyadh develop-ment real estate fund. 2.Decrease in main operating costs by SAR 7 million. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The company achieved revenue from main operations of SAR 72.9 million, an increase of SAR 3.4 million. This is mainly attributed to: 1.Increase of centers and markets revenue by SAR 1 million. 2.Increase of real estate development management activities revenue by SAR 2.5 million. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The company achieved a net profit of SAR 65.6 million, an increase of 56%. This is mainly attributed to: 1.Increase of main operating revenue by SAR 3.4 million. 2.Gain of SAR 15 million from the revaluation of the company’s investment in anb capital arriyadh development real estate fund. 3.Decrease in main operating costs by SAR 6 million. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Although the revenue for the markets, centers, and real estate development management activities has increased by SAR 12 million or 8%, the total revenue from main operations has declined by SAR 13 million or 8% .due to the fact that the results of the corresponding period include revenue from Al-Tameer Center, which was transferred to Dira Development Company for Real Estate Development and Investment as an in-kind contribution starting from December 2024. When excluding Al-Tameer Center revenue, the total revenue from main operations increases by 8%. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The company achieved a net profit of SAR 107.7 million for the current period, a decrease of SAR 54.7 million or 34% compared to the corresponding period. This is mainly attributed to: 1.The results of the corresponding period include profits of SAR 61 million from the sales of lands by the associate company “Tanal.” 2.The results of the corresponding period also include revenue of SAR 26 million due to reversal of potential liability provision. On the other hand, the company during current period has recorded: 1.Gain of SAR 15 million from the revaluation of its investment in anb capital arriyadh development real estate fund. 2. Decrease in Zakat provision by SAR 12 million, as the corresponding period includes an additional provision related to the years from 2015 to 2018. Note that the company obtained the final Zakat assessments up to the year 2023. 3.Decrease of main operating costs by SAR 7 million. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | None |
| Reclassification of Comparison Items | Reclassification of comparative figures compatible with the display tab for the current period. |
| Additional Information | The weighted average number of ordinary shares outstanding during Period of 2025 is the number of ordinary shares outstanding at the beginning of the period, adjusted by the number of ordinary shares issued during the period multiplied by a time-weighting factor. The time-weighting factor is the number of days that the shares are outstanding as a proportion of the (Note number of days in the period According to IAS 33 (Note No. 18 in the financial statement). |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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