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Umm Al-Qura for Development and Reconstruction Company, listed on the Saudi market, announced its preliminary financial results for the third quarter of 2026, where its net profit increased by 29.1% year-on-year.
The net profit attributable to the company’s shareholders increased to 667 million riyals, compared to 516.57 million riyals in the same quarter of 2025, and rose by 208.6% compared to the previous quarter, in which the company recorded a profit of 216.1 million riyals, according to the company’s data on “Tadawul” on Monday.
The company attributed the increase in net profit on an annual basis to the growth of land sales revenues, driven by the increase in the value of land sold, and the company’s revenues increased by 29.43% to reach 1.64 billion riyals during the third quarter of this year, compared to 1.27 billion riyals in the same quarter of the previous year.
The company’s revenues rose 29.43% to reach 1.64 billion riyals during the third quarter of 2026
The total profit rose by 46.04% to SAR 831.55 million, compared to SAR 569.41 million during the same quarter of the previous year, and the operating profit increased by 43.41% to reach SAR 774.78 million, compared to SAR 540.27 million.
The company’s revenue increased by 78.88%, on a quarterly basis, compared to the previous quarter, as a result of the growth in land sales revenue, mainly driven by the sale of more land, and the net profit jumped by 208.62% compared to the previous quarter, mainly due to higher land sales revenues.
Total profit increased by 86.55% to SAR 831.55 million, compared to SAR 445.74 million in the previous quarter, while operating profit rose by 115.22% to SAR 774.78 million, compared to SAR 359.99 million.
Total profit increased by 17.12% to reach SAR 1.32 billion compared to SAR 1.12 billion during the same period of 2025
In the same context, the net profit of Umm Al-Qura for Development and Reconstruction increased by 1.65% year-on-year to reach 927.95 million riyals, compared to 912.9 million riyals during the same period in 2025, and the company’s revenues increased by 8.08% to 2.63 billion riyals, compared to 2.44 billion riyals during the comparative period, mainly due to the increase in land sales revenues as a result of the sale of more land.
On the other hand, the total profit increased by 17.12% to reach 1.32 billion riyals, compared to 1.12 billion riyals during the same period of the previous year, and the operating profit increased by 27.55% to 1.23 billion riyals, compared to 964.96 million riyals, and the company explained that the growth of net profits during the nine-month period is mainly due to the increase in land sales revenues by 1.6%.
Total equity, at the level of the financial center, after excluding non-controlling shares, increased by 6.34% to 16.79 billion riyals by the end of the current period, compared to 15.79 billion riyals during the same period of the previous year, and the earnings per share during the first nine months of 2026 amounted to about 0.65 riyals, unchanged compared to the same period in 2025.
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