Sumou’s Q1 Profit Rises 16.9% to SAR 22.3 Million

Sumou Real Estate Co. announced a 16.9% increase in net profit to SAR 22.3 million for the first quarter of 2025, compared to SAR 19.1 million in the same period last year, according to the company’s preliminary financial results for the period ended March 31, 2025.

Operating profit for the quarter surged by 57% to SAR 25.2 million, up from SAR 16 million in the year-ago period.

Total shareholders’ equity (excluding non-controlling interests) stood at SAR 630.7 million, reflecting a 13.4% increase from SAR 555.7 million in the prior-year quarter.

Earnings per share for the current period reached SAR 0.447, compared to SAR 0.382 in the same period last year.