| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is |
Alramz Real Estate Company achieved growth in revenues during Q1 2026, with revenues reaching SAR 360.3 million, representing a year-on-year increase of 169.2% compared to SAR 133.8 million in Q1 2025. This growth was driven by strong performance across the Company's core operating segments, with sales of owned residential units growing by 352.9%, off-plan sales growing by 30.9%, and leasing revenues growing by 128.6% year-on-year. Revenue growth was further supported by the sale of a project under development to Oud Private Real Estate Fund 2, covering a plot in the Firdous district of Jeddah for SAR 215.1 million. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is |
Net profit reached SAR 28.7 million in Q1 2026, compared to SAR 6.5 million in Q1 2025, representing an increase of 340.0%. This growth was driven by higher total revenues from residential unit sales, off-plan sales, and leasing segments, improved margins in the third-party real estate development segment, as well as the completion of the sale of a project under development to Oud Real Estate Private Fund 2 for SAR 215.1 million. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is |
Revenues increased by 10.8% compared to Q4 2025, driven by higher off-plan sales revenues and the completion of the sale of a project under development to Oud Real Estate Private Fund 2. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is |
Net profit declined compared to the previous quarter, due to several factors, most notably the absence of a valuation of the Company's stakes in real estate funds, as such valuations are conducted on a semi-annual basis, in addition to seasonal factors — chief among them the impact of the holy month of Ramadan and the Eid holiday during Q1 2026. |
| 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 |
Certain comparative figures have been reclassified to conform with the presentation of the current period. |
| Additional Information |
None |
| Attached Documents |
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