Jabal Omar profit surges to SAR 200.1M in 2024; Q4 at SAR 351.4M

06/03/2025 Argaam Exclusive

Jabal Omar Development Co. (Jabal Omar) reported a net profit of SAR 200.1 million in 2024, an increase of more than fivefold from SAR 37.5 million a year earlier.



Financials (M)

Item 2023 2024 Change‬
Revenues 1,326.72 1,901.40 43.3 %
Gross Income 401.05 607.78 51.5 %
Operating Income 623.44 836.82 34.2 %
Net Income 37.48 200.07 433.8 %
Average Shares 1,154.53 1,180.02 2.2 %
Earnings Per Share before unusual items (Riyals) (0.31) (0.54) (75.3 %)
EPS (Riyals) 0.03 0.17 422.3 %

The revenue growth was attributed to improved operations in two new hotels, Address Jabal Omar and Jumeirah Jabal Omar, along with a strong improvement in hotel occupancy and commercial centers revenue.

 

The company recorded other operating income of SAR 748 million related to the sale of land plot in Jabal Omar project.

 

This came despite higher general and administrative expenses, increased costs of finance and expected credit losses of SAR 49 million during the year.



Current Quarter Comparison (M)

Compared With The
Item Q4 2023 Q4 2024 Change‬
Revenues 320.56 427.39 33.3 %
Gross Income (5.41) 96.23 1880.4 %
Operating Income 288.95 540.59 87.1 %
Net Income (200.07) 351.37 275.6 %
Average Shares 1,154.53 1,180.02 2.2 %
Earnings Per Share before unusual items (Riyals) (0.17) (0.34) (94.0 %)
EPS (Riyals) (0.17) 0.30 271.8 %

Q4 2024 net earnings stood at SAR 351.4 million, versus a net loss of SAR 200.07 million in the year-earlier period.

 

On a sequential basis, Jabal Omar swung to profit from SAR 203.6 million losses in Q3 2024.

 

Total shareholders’ equity, after minority interest, stood at SAR 13.46 billion by Dec. 31, 2024, compared to SAR 12.72 billion a year earlier.

View More Financial Results

 

View other reports

Share Price

Jabal Omar Development Co.
25.65
0.00 0.00 %

Jabal Omar Development Co. (JABAL OMAR)

More


Financial Ratios
Current
Market Cap (M Riyal) 30,267.56
Enterprise Value (EV) (M) 42,113.93
Shares Outstanding ((M)) 1,180.02
EPS ( Riyal) (TTM) 0.17
Book Value (BV) ( Riyal) 11.41
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) More than 100
Price/book 2.25
Return on Average Assets (%) (TTM) 0.7
Return on Average Equity (%) (TTM) 1.0
more

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request