Sumou Real Estate Co. announces its Interim Financial results for the Period Ending on 30-06-2026 ( Six Months )

Sumou Real Estate Co. reported a 12.87% year-on-year increase in net profit for the first half of 2026, reaching SAR 67.10 million compared to SAR 59.44 million in the same period last year, resulting in an earnings per share of SAR 1.34.
Total revenue for the six-month period surged 62.5% to SAR 334.20 million, driven by significant construction progress across real estate development projects and growth in the company's real estate services segment.
Quarterly net profit for Q2 2026 fell by 15.13% year-on-year to SAR 31.47 million; although operational profit grew nearly 70%, the bottom line was impacted by a high base in the prior year which included a one-time SAR 15.19 million gain from the sale of investment properties.
Sequentially, revenue and net profit declined 19.87% and 11.66% respectively compared to Q1 2026, which management attributed to the timing of project execution schedules and the associated value of works recognized under the percentage-of-completion method.

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	148,664	104,167	42.716	185,531	-19.871
Gross Profit (Loss)	42,668	26,785	59.298	50,666	-15.785
Operational Profit (Loss)	35,677	21,018	69.744	39,209	-9.008
Net Profit (Loss) Attributable to Shareholders of the Issuer	31,471	37,080	-15.126	35,625	-11.66
Total Comprehensive Income Attributable to Shareholders of the Issuer	24,628	25,679	-4.092	33,883	-27.314
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	334,195	205,656	62.501
Gross Profit (Loss)	93,334	57,025	63.672
Operational Profit (Loss)	74,886	46,185	62.143
Net Profit (Loss) Attributable to Shareholders of the Issuer	67,096	59,443	12.874
Total Comprehensive Income Attributable to Shareholders of the Issuer	58,511	47,730	22.587
Total Shareholders Equity (after Deducting Minority Equity)	801,327	656,421	22.075
Profit (Loss) per Share	1.34	1.19
All figures are in (Thousands) 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 (Thousands) 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 is mainly attributable to higher real estate development revenues driven by the construction progress achieved across the company's projects, in addition to the growth in real estate services revenues.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	During the same quarter last year the net profit included other revenues from the sale of investment properties amounted to 15.19 million.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The decrease is attributable to the lower value of works executed and recognized under the percentage-of-completion method during the current quarter compared to the previous quarter, in line with the execution schedules of the company's projects.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The decrease in net profit is attributable to the decrease in revenues and gross profit compared to the previous quarter, in line with the execution schedules of the company's projects.
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 increase is mainly attributable to the growth in real estate development revenues reflecting the construction progress achieved across the company's projects, in addition to the growth in real estate services revenues.
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 increase is attributable to the growth in revenues and operating profit
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)	The consolidated financial statements of the Group for the year ended 31 December 2025 were audited by another independent auditor, who expressed an unmodified opinion on those statements on 9 March 2026. In addition, the condensed consolidated interim financial information for the three and six-month periods ended 30 June 2025 was reviewed by another independent auditor, who expressed an unmodified conclusion on 3 August 2025.
Reclassification of Comparison Items	Certain comparative figures have been reclassified to conform with the current period's presentation, with no impact on net profit or total equity.
Additional Information	N/A