REG - Dar Al-Arkan Sukuk - Half-year Report

Demire Deutsche Mittelstand Real Estate AGAnnouncement

04/08/2025 08:15

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RNS Number : 7306T  Dar Al-Arkan Sukuk Company Ltd  03 August 2025

              Dar Alarkan Real Estate Development Company announces its interim financial
              results for the period ending on 30-06-2025 (6 months)
                                                                                              All figures are in (Millions) Saudi Arabian Riyals

              Element                                                                         Current quarter                                 Similar quarter for previous year  % Change Current         Previous quarter  % Change
              Sales / Revenue                                                                  852.14                                          961.56                            -11.4%                    932.01           -8.6%
              Gross Profit (Loss)                                                              410.85                                          383.74                            7.1%                      406.57           1.1%
              Operational Profit (Loss)                                                        353.43                                          317.49                            11.3%                     337.59           4.7%
              Net Profit (Loss) after Zakat and Tax                                            238.62                                          165.12                            44.5%                     209.34           14.0%
              Total Comprehensive Income                                                       224.34                                          145.38                            54.3%                     209.55           7.1%

              Element                                                                         Current period                                  Similar period for previous year   % change
              Sales / Revenue                                                                  1,784.14                                        1,826.48                          -2.3%
              Gross Profit (Loss)                                                              817.42                                          739.53                            10.5%
              Operational Profit (Loss)                                                        691.02                                          622.71                            11.0%
              Net Profit (Loss) after Zakat and Tax                                            447.96                                          318.71                            40.6%
              Total Comprehensive Income                                                       434.30                                          283.65                            53.1%
              Total Share Holders Equity (after deducting minority equity)                    21,528.91                                       20,575.53                          4.63%
              Profit (Loss) per Share                                                         0.41                                            0.30                               -

              Element List                                                                    Amount                                          Percentage Of The Capital (%)
              Profit (Losses) Resulting From The Change In Investment Properties' Fair Value                       -                                              -

              Element                                                                         Explanation
              The reason of the increase (decrease) in the sales/ revenues during the         The decrease in sales revenue for the current quarter compared to the same
              current quarter compared to the same quarter of the last year is                quarter of the previous year is mainly due to lower property sale.

              The reason of the increase (decrease) in the net profit during the current      The Increase in net income is mainly due to higher margin achieved in property
              quarter compared to the same quarter of the last year is                        sale and the increase in project management and contracting revenues.  The
                                                                                              increase in lease revenue, the decrease in finance costs, the decrease in
                                                                                              operating cost and the increase in non-operating income from Islamic Murabaha
                                                                                              deposits are positively impacted the net income.
              The reason of the increase (decrease) in the sales/ revenues during the         The decrease in sales revenue for the current quarter compared to the previous
              current quarter compared to the previous one is                                 quarter is mainly due to lower property sale.

              The reason of the increase (decrease) in the net profit during the current      The Increase in net income is mainly due to higher margin achieved in property
              quarter compared to the previous one is                                         sale and the increase in project management and contracting revenues.  The
                                                                                              decrease in operating cost and the increase in non-operating income from
                                                                                              Islamic Murabaha deposits are off set with the increase in finance costs and
                                                                                              positively impacted the net income.
              The reason of the increase (decrease) in the sales/revenue during the current   The decrease in sales revenue for the current period compared to the same
              period compared to the same period of the last year is                          period last year is mainly due to lower property sale.

              The reason of the increase (decrease) in the net profit during the current      The Increase in net income is mainly due to higher margin achieved in property
              period compared to the same period of the last year is                          sale and the increase in project management and contracting revenues.  The
                                                                                              decrease in finance costs and the increase in non-operating income from
                                                                                              Islamic Murabaha deposits are offset with the increase in operating expenses
                                                                                              and lower profits received from the associates and positively impacted the net
                                                                                              income.
 Other notes  1.  Statement of the type of external auditor's report                          Unmodified conclusion
              2.  Modification, Qualification or Emphasis of a Matter as Stated within the    None
              External Auditor Opinion
              3.  Reclassification of Comparison Items                                        None
              4.  Additional Information                                                      None

 

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