Banan Real Estate Co. announces its Interim Financial results for the Period Ending on 2025-09-30 ( Nine Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 18,588,308 | 16,675,160 | 11.473 | 17,707,343 | 4.975 |
| Gross Profit (Loss) | 15,473,507 | 14,209,039 | 8.899 | 14,604,047 | 5.953 |
| Operational Profit (Loss) | 13,228,836 | 11,762,150 | 12.469 | 12,249,282 | 7.996 |
| Net profit (Loss) | 8,787,700 | 10,036,965 | -12.446 | 8,169,422 | 7.568 |
| Total Comprehensive Income | 8,773,751 | 9,992,034 | -12.192 | 8,045,396 | 9.053 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 54,327,413 | 76,198,872 | -28.703 |
| Gross Profit (Loss) | 44,796,147 | 50,467,093 | -11.236 |
| Operational Profit (Loss) | 37,971,051 | 43,772,935 | -13.254 |
| Net profit (Loss) | 26,954,945 | 30,091,507 | -10.423 |
| Total Comprehensive Income | 26,656,572 | 30,031,613 | -11.238 |
| Total Shareholders Equity (after Deducting Minority Equity) | 417,684,009 | 396,533,274 | 5.333 |
| Profit (Loss) per Share | 0.13 | 0.15 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | The increase in revenue during the current quarter compared to the same quarter of the previous year is due to increased rental income in the company and its subsidiary, Al-Azizia Investment and Real Estate Development Company. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The decrease in net profit during the current quarter compared to the same quarter of the previous year is due to: *
1- An increase in financing costs of 1.35 million, resulting from an increase in the subsidiary, Qimam NOshaz Real Estate Development Company |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The increase in revenue during the current quarter compared to the previous quarter is due to increased rental income in the company and its subsidiary, Al-Azizia Investment and Real Estate Development Company. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The 9% increase in net profit during the current quarter compared to the previous quarter is due to increased rental revenues in the company and its subsidiary, Al-Aziza Investment and Real Estate Development Company.. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | The decrease in revenues during the current period compared to the same period of the previous year, despite a 9% increase in rental revenues, is due to the realization of land sales in Al-Qadisiyah neighborhood worth 26.3 million riyals during the same period of the previous year, while no similar sales were recorded during the current period. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The decrease in net profit during the current period compared to the same period of the previous year is due to the following:
1- A decrease in the company's overall revenues despite an increase in rental revenues in the company and its subsidiary, Al-Azizia Investment and Real Estate Development Company, due to the company achieving land sales in the same period of the previous year. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | none |
| Reclassification of Comparison Items | none |
| Additional Information | - |
Comments