ZAWYA: Al Majdiah reports 22.6% growth in net profit to SAR 261.9mln in FY 2025

About this update from Dar Al Majed Real Estate Co.

Riyadh, Saudi Arabia: Dar Al Majed Real Estate Company ("Al Majdiah" or the "Company", 4326 on the Saudi Exchange), a leading Saudi real estate developer and master community builder, today announces its financial results for the full year ended 31 December 2025 ("FY 2025"). The Company delivered FY 2025 net profit attributable to shareholders of $261.9 million, representing a 22.6% year-on-year (YoY) increase, alongside a significant improvement in margins.Performance was mainly driven by a 39.5% YoY increase in profits from the sale of lands and a $53.1 million positive swing in investment properties valuation in FY 2025, compared to a loss in FY 2024. The Company also maintained a healthy revenue backlog, providing strong revenue visibility and supporting its next phase of growth.Abdulsalam AlMajed, Acting Chief Executive Officer, commented:“2025 marks a defining chapter in Al Majdiah’s evolution. Following our successful listing on Tadawul in September, we are proud to present our first full year of results as a public company. Our results demonstrate the strength of a platform built over two decades and refined into a fully integrated master developer.Our near record profitability reflects disciplined execution and the structural advantage of our diversified ownership models, lifecycle management capabilities, and balanced portfolio strategy. This performance was achieved despite the increasing contribution from off-plan sales, which delayed revenue recognition and created a temporary timing effect against costs. We continue to scale across the full real estate value spectrum, from land sourcing and development to post-handover services, while expanding our product mix and geographic footprint, including our entry into Jeddah.During the year, we advanced the largest active development pipeline in our history, strengthened our partnerships and fund platforms, and continued building recurring income streams through our rental and facility management initiatives. With a robust pipeline of 29 projects under various ownership structures, we enter 2026 with strong visibility and a clear roadmap for sustainable, capital-disciplined growth.As we begin our journey as a listed company, our focus remains on disciplined capital allocation, portfolio diversification, and delivering long-term value to our shareholders, partners, and the communities we serve.”Key H...

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