Alsaif Gallery Q1 Profit Rises 12.6% to SAR 35.2 Mln

Alsaif Stores for Development and Investment Co. (Alsaif Gallery) reported on Monday a 12.6% year-on-year increase in net profit to SAR 35.2 million in the first quarter, up from SAR 31.2 million in the same quarter a year earlier, according to preliminary financial results for the (three-month) period ending March 31, 2025.

Operational profit rose 3.7% to SAR 37.9 million in the first quarter, compared to SAR 36.5 million in the same quarter last year.

Total equity (excluding non-controlling interests) for the three-month period stood at SAR 474.3 million, up 9.3% from SAR 433.7 million in the year-earlier period.

Profits per share for the current period came in at SAR 0.10, compared to SAR 0.09 in the previous period.