Al-Akaria Swings to SAR 94 Mln Q2 Profit from Loss a Year Ago

Saudi Real Estate Co. (Al-Akaria) reported a net profit of SAR 94 million for the second quarter of 2025, compared to a net loss of SAR 14 million in the same period last year, the company said in a bourse filing on Sunday.

Operating profit surged 197% year-on-year to SAR 173 million, up from SAR 58 million.

However, for the first half of 2025, the developer recorded a net loss of SAR 230 million, widening from a loss of SAR 11 million in the same period a year earlier.

Earnings per share reached SAR 0.61, compared to a loss of SAR 0.03 a year ago.