Riyadh - Mubasher: Sumou Real Estate Company logged net profits valued at SAR 110 million in the first nine months (9M) of 2026, an annual rise of 1.29% from SAR 108.59 million.
Total revenues for the period climbed by 41% to SAR 499.49 million at the end of September 2026, backed by a 65% rise in real estate development income and an 89% surge in construction activity.
Earnings per share (EPS) stood at SAR 2.20, compared to SAR 2.17 in the prior year.
For the third quarter (Q3) of 2026, the company’s net profit fell by 12.72% year-on-year (YoY) to SAR 42.90 million.
While quarterly revenue surged by 11.25% to SAR 165.29 million, the bottom line was impacted by a shift in revenue mix.
The company noted that the previous year’s quarter benefited from land sales and real estate services, whereas current operations are more focused on development and construction projects.
Operating profit for the first nine months reached SAR 118.99 million, up 19.40% from SAR 99.65 million a year earlier.
Total shareholders' equity increased by 10.48% to SAR 818.38 million as of 30 September 2026.
In the first half (H1) of 2026, the listed firm achieved 12.87% YoY higher net profits at SAR 67.10 million, compared to SAR 59.44 million.
