| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | Revenue increased to approximately SAR 701 million in Q2 2026, compared to approximately SAR 388 million in Q2 2025. The growth was mainly driven by the timing of the Hajj season, as most Hajj season revenue was recognized within Q2 2026, compared to the prior year where part of Hajj revenue was recognized in Q2 and part in Q3, in addition to underlying growth in the Hajj segment during the season. The increase was also supported by approximately SAR 21 million growth in hospitality revenue, driven by improved Umrah demand in the period leading up to Hajj, which supported occupancy and ADR, and approximately SAR 18 million growth in retail revenue, supported by higher lease rates and expanded leased area. |
| 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 income increased to approximately SAR 173 million in Q2 2026, compared to approximately SAR 144 million in Q2 2025. The increase was mainly driven by approximately SAR 18 million improvement in hospitality, supported by improved Umrah demand in the period leading up to Hajj, which supported occupancy and ADR, and approximately SAR 20 million improvement in retail, driven by higher lease rates and expanded leased area. Hajj also contributed around SAR 8 million to the increase, supported by the timing of the season and the recognition of most Hajj revenue within Q2 2026, compared to the prior year where part of Hajj revenue was recognized in Q2 and part in Q3, in addition to underlying growth in the segment. This was partially offset by a combined negative impact of approximately SAR 17 million, mainly from lower income from investments and associate companies, and a slight increase in zakat and other expenses. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Revenue increased to approximately SAR 701 million in Q2 2026, compared to approximately SAR 251 million in Q1 2026. The sequential increase was mainly driven by the Hajj season falling in Q2, resulting in the recognition of approximately SAR 471 million in Hajj revenue, in addition to around SAR 10 million growth in retail revenue. This was partially offset by an approximately SAR 31 million decline in hospitality revenue, as Q1 benefited from the Ramadan season. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net income increased to approximately SAR 173 million in Q2 2026, compared to approximately SAR 162 million in Q1 2026. The sequential increase was mainly driven by approximately SAR 11 million improvement in retail, supported by higher lease rates and expanded leased area, in addition to approximately SAR 18 million improvement in Hajj due to the season falling in Q2. The increase was also supported by higher returns from investments and slightly lower expenses of around SAR 5 million. This was partially offset by approximately SAR 23 million decline in hospitality, as Q1 benefited from the Ramadan season. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Revenue for the first half of 2026 increased to approximately SAR 952 million, compared to approximately SAR 624 million in the same period of 2025. The increase was mainly driven by around SAR 274 million growth in Hajj revenue, supported by the timing of the Hajj season and the recognition of most related revenue within the first half of 2026, compared to the prior year where part of Hajj revenue was recognized in Q2 and part in Q3, in addition to underlying growth in the segment. Revenue growth was also supported by an approximately SAR 24 million increase in hospitality, mainly driven by improved Umrah demand in the period leading up to Hajj, and an approximately SAR 30 million increase in retail, supported by higher lease rates and expanded leased area. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Net income for the first half of 2026 increased to approximately SAR 335 million, compared to approximately SAR 294 million in the same period of 2025. The increase was mainly driven by approximately SAR 19 million improvement in hospitality, supported by improved Umrah demand in the period leading up to Hajj, and approximately SAR 34 million improvement in retail, driven by higher lease rates and expanded leased area. Hajj also contributed around SAR 7 million to the increase, supported by the timing of the Hajj season and the recognition of most related revenue within the first half of 2026, compared to the prior year where part of Hajj revenue was recognized in Q2 and part in Q3, in addition to growth in the number of pilgrims. This was partially offset by a combined negative impact of approximately SAR 19 million, mainly from lower income from investments and associate companies, and a slight increase in zakat and other expenses. |
| 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 | None |
| Additional Information | - |
| Attached Documents | Attached Documents |
