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Dar Al-Arkan Sukuk - 3rd Quarter Results

RNS Number : 8602G

Dar Al-Arkan Sukuk Company Ltd

10 November 2025

 

Dar Alarkan Real Estate Development Company announces its interim financial results for the period ending on 30-09-2025 (9 months)
All figures are in (Millions) Saudi Arabian Riyals
ElementCurrent quarterSimilar quarter for previous year% Change CurrentPrevious quarter% Change
Sales / Revenue1,017.25918.7310.7%852.1419.4%
Gross Profit (Loss)598.01412.1145.1%410.8545.6%
Operational Profit (Loss)542.68332.7763.1%353.4353.5%
Net Profit (Loss) after Zakat and Tax255.60134.7489.7%238.627.1%
Total Comprehensive Income314.95151.48107.9%224.3440.4%
ElementCurrent periodSimilar period for previous year% change
Sales / Revenue2,801.392,745.212.0%
Gross Profit (Loss)1,415.421,151.6422.9%
Operational Profit (Loss)1,233.70955.4829.1%
Net Profit (Loss) after Zakat and Tax703.57453.4655.2%
Total Comprehensive Income749.25435.1372.2%
Total Share Holders Equity (after deducting minority equity)21,843.8620,727.015.39%
Profit (Loss) per Share0.650.42-
Element ListAmountPercentage Of The Capital (%)
Profit (Losses) Resulting From The Change In Investment Properties' Fair Value--
ElementExplanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year isThe increase in sales revenue for the current quarter compared to the same quarter of last year is mainly due to higher property sale and inclusion of project management contracting revenue.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year isThe Increase in net income is mainly due to higher property sale and increased margin achieved in property sale and the increase in project management and contracting revenues. The decrease in operating cost, the increase in non-operating income from Islamic Murabaha deposits and the increase in share of profit from associates were partially offset with the increase in finance cost and positively impacted the net income.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one isThe increase in sales revenue for the current quarter compared to the previous quarter is mainly due to higher property sale.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous one isThe Increase in net income is mainly due to higher property sale. The increase in finance cost offset with the decrease in operating cost, increase in non-operating income from Islamic Murabaha deposits and the increase in share of profit from associates and impacted the net income.
The reason of the increase (decrease) in the sales/revenue during the current period compared to the same period of the last year isThe increase in sales revenue for the current period compared to the same period last year is mainly due to higher property sale and inclusion of project management contracting revenue.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year isThe Increase in net income is mainly due to higher property sale and increased margin achieved in property sale and the increase in project management and contracting revenues. The decrease in operating cost, the increase in non-operating income from Islamic Murabaha deposits and the increase in share of profit from associates were partially offset with the increase in finance cost and positively impacted the net income.
Other notes1. Statement of the type of external auditor's reportUnmodified conclusion
2. Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor OpinionNone
3. Reclassification of Comparison ItemsNone
4. Additional InformationNone
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