Jabal Omar Development Company (4250) Q2 2026 earnings summary

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.