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Jabal Omar Development Company (4250) investor relations material
Jabal Omar Development Company Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for the six months ended 30 June 2026 rose to SR 1,454.3 million, up 16% year-over-year, driven by higher hotel operations and rental income.
Net profit for the period was SR 275.1 million, a significant decrease from SR 903.9 million in the prior year, mainly due to the absence of a large one-off land sale gain recorded in 2025.
Gross profit increased to SR 606.5 million from SR 524.7 million year-over-year, reflecting improved operational performance.
The company continues to focus on hospitality and real estate development adjacent to the Holy Mosque in Makkah, with three phases operational and further development ongoing.
Financial highlights
Revenue: SR 1,454.3 million for H1 2026 (H1 2025: SR 1,249.4 million).
Net profit: SR 275.1 million for H1 2026 (H1 2025: SR 903.9 million).
Gross margin: 41.7% for H1 2026, up from 42.0% in H1 2025.
Basic and diluted EPS: SR 0.23 for H1 2026 (H1 2025: SR 0.77).
Operating cash flow: SR 537.0 million for H1 2026 (H1 2025: SR 411.1 million).
Outlook and guidance
Management expects continued positive cash flow and no material uncertainties regarding going concern for the next 12 months.
The company is monitoring regional geopolitical developments and their potential impact on religious tourism and guest arrivals.
- Profit and revenue fell YoY, but EBITDA and FFO stayed stable as commercial growth offset hotel weakness.4250
Q1 2026 - Revenue and profitability surged, with strong asset performance and lower leverage.4250
Q4 2025 - Net profit surged to SR 1.10 billion on higher revenue and land sale gains, with improved cash flow.4250
Q3 2025 - Net profit soared to SR 903.9 million, fueled by a major land sale gain and improved cash position.4250
Q2 2025 - Net loss of SR 151.3m on 46% higher revenue, with going concern risk tied to asset sales and financing.4250
Q3 2024 - Net profit returned to positive, but going concern risk persists amid reliance on asset sales and financing.4250
Q2 2024 - Net profit rose to SR 200 million on 43% revenue growth, with strong hotel and land sale performance.4250
Q4 2024 - Q1 2025 net profit soared to SR 945.9 million, fueled by a one-time land sale gain.4250
Q1 2025
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