Jabal Omar Q1 Profits Jump 4,873.3% to SAR 945.9 Mln

Jabal Omar Development Co. announced on Sunday a 4,873.3% increase in net profit during the first quarter to SAR 945.9 million, compared to SAR 19 million in the same quarter last year. This followed today’s announcement of the preliminary financial results for the (three-month) period ending March 31, 2025.

Operational profit increased by 500.5% to SAR 1.07 billion in the first quarter, compared to SAR 178.5 million in the same quarter last year.

Total equity (excluding non-controlling interests) for the three-month period reached SAR 14.4 billion, compared to SAR 12.7 billion in the previous period, an increase of 13.1%.

Profits per share for the current period reached SAR 0.8, compared to SAR 0.02 in the previous period.