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Announcement of Dar Al Majed Real Estate Company Interim Financial Results for the Period Ended 31-03-2026 (Three Months)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 208,209,879 | 268,424,774 | -22.432 | 313,798,262 | -33.648 |
| Gross Profit (Loss) | 68,442,953 | 139,637,324 | -50.985 | 86,467,165 | -20.845 |
| Operational Profit (Loss) | 59,115,486 | 124,942,527 | -52.685 | 55,459,368 | 6.592 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 38,662,885 | 101,907,692 | -62.06 | 12,864,707 | 200.534 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 36,594,829 | 117,512,118 | -68.858 | -39,850,619 | - |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 1,124,164,144 | 993,805,943 | 13.117 |
| Profit (Loss) per Share | 0.13 | 0.34 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | 6,822,099 | 2.27 | |
| All figures are in (Actual) 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 | Total revenue decreased by 22.4% during the current quarter to reach SAR 208.2 million, compared with SAR 268.4 million in the same quarter of the previous year. This was due to several key factors, most notably: • The existence of certain challenges in the real estate market during the current period. • Absence of land sales during the current period until the real estate market stabilizes, unlike the first quarter of the previous year. • Revenue recognition from off-plan sales based on percentage of completion. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Net profit during the current quarter amounted to SAR 38.7 million, recording a decrease of 62.1% compared with the same quarter of the previous year. This was mainly due to the decline in operating profit as a result of recognizing non-recurring gains from the revaluation of investment properties during Q1 2025 amounting to SAR 55.9 million. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Total revenue decreased by 33.6% during the current quarter to reach SAR 208.2 million, compared with SAR 313.7 million in the previous quarter. This decrease was mainly due to the decline in revenue from sales of real estate units, as a result of current challenges in the real estate market during the current period. |
| 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 38.7 million during the current quarter, an increase of SAR 25.8 million compared to the previous quarter. This increase was mainly attributable to the following: • Higher profits from real estate development and commission compared with the previous quarter. • Lower general and administrative expenses compared with the previous quarter. |
| 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) | N/A |
| Reclassification of Comparison Items | Certain comparative figures for the previous period have been reclassified to conform with the current period. These reclassifications have no impact on net profit, retained earnings, or the condensed consolidated financial position. |
| Additional Information | - |
| Attached Documents |  |
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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