Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 764.7 676.4 13.054 628.7 21.631
Gross Profit (Loss) 119.3 139.5 -14.48 84.8 40.683
Operational Profit (Loss) 64.7 95.3 -32.109 24.6 163.008
Net Profit (Loss) Attributable to Shareholders of the Issuer 51.7 55.5 -6.846 -17.2 -
Total Comprehensive Income Attributable to Shareholders of the Issuer 51.7 55.5 -6.846 -15.4 -
All figures are in (Millions) Saudi Arabia, Riyals

 

Element List Current Period Similar period for previous year %Change
Sales/Revenue 1,970.8 1,731.9 13.794
Gross Profit (Loss) 347.5 375.9 -7.555
Operational Profit (Loss) 192.4 252.7 -23.862
Net Profit (Loss) Attributable to Shareholders of the Issuer 93.7 189.8 -50.632
Total Comprehensive Income Attributable to Shareholders of the Issuer 95.6 189.8 -49.631
Total Shareholders Equity (after Deducting Minority Equity) 1,100.6 911.1 20.799
Profit (Loss) per Share 0.19 0.38
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 Revenue increased to SAR 764.7 million during the current quarter, compared to SAR 676.4 million in the corresponding quarter of the previous year, representing a growth of 13.1% and marking the highest quarterly revenue recorded by the Company since its establishment

This growth was mainly due to a 14.2% increase in revenue from development contracts, which also reached its highest quarterly level in the Company's history, driven by higher completion rates across ongoing projects
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 attributable to the Company's Shareholders amounted to SAR 51.7 million during the current quarter, compared to SAR 55.5 million in the corresponding quarter of the previous year, representing a decrease of 6.8%, mainly due to:

-A 14.5% decrease in gross profit, driven by higher cost of revenue resulting from changes in the sales mix and increased handover-related costs across ongoing projects

-A 23.4% increase in operating expenses during the current quarter compared to the corresponding quarter of the previous year, including higher marketing and selling expenses resulting from the Company's participation in real estate conferences, exhibitions, and marketing events, as well as after-sales services

-It is worth noting that the Company recognized a gain of SAR 17.3 million during the current quarter following the commencement of the partial liquidation of a fund in which the Company holds an ownership interest. Additionally, the Company's share of results from equity accounted associates increased during the quarter
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is Revenue increased to SAR 764.7 million during the current quarter, compared to SAR 628.7 million in the previous quarter, representing a growth of 21.6%

This growth was mainly driven by a 23.1% increase in revenue from development contracts, supported by higher completion rates across ongoing projects during the current quarter compared to the previous quarter
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is Net profit amounted to SAR 51.7 million during the current quarter, compared to a net loss of SAR (17.2) million in the previous quarter, representing an improvement of 400%, mainly due to:

-A 40.7% increase in gross profit, driven by higher completion rates across ongoing projects and lower unit handover-related costs during the current quarter compared to the previous quarter

-A 9.3% decrease in operating expenses compared to the previous quarter

-It is worth noting that the Company recognized a gain of SAR 17.3 million during the current quarter following the commencement of the partial liquidation of a fund in which the Company holds an ownership interest. Additionally, the Company's share of results from equity accounted associates increased during the quarter
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is Revenue increased to SAR 1,970.8 million during the current period, compared to SAR 1,731.9 million in the corresponding period of the previous year, representing a growth of 13.8%, which represents the highest revenue the company has achieved since its founding over a 9-month period

This growth was mainly driven by a 14.7% increase in revenue from development contracts, supported by higher completion rates across ongoing projects, which in turn recorded the highest revenue level for a 9-month period in the company's history, supported by higher completion rates in ongoing projects

This was achieved despite slower sales activity and a higher number of units handed over and projects completed during the period compared to the corresponding period of the previous year
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is Net profit amounted to SAR 93.7 million during the current period, compared to SAR 189.8 million in the corresponding period of the previous year, representing a decrease of 50.6%, mainly due to:

-A 7.5% decrease in gross profit, driven by changes in the sales mix and higher costs associated with the final stages of completion of several ongoing projects

-A 25.9% increase in operating expenses, including business development expenses associated with strategic real estate opportunities, as well as higher marketing and selling expenses resulting from the Company's participation in real estate conferences, exhibitions, and marketing events, in addition to after-sales services

-A decrease in the Company's share of results from equity accounted associates
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 Some comparative figures have been reclassified to conform with the current presentation
Additional Information For any inquiries, please contact Investor Relations Department at:

+966138013803

or by e-mail:

IR@retal.com.sa

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request