| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 70.86 | 56.41 | 25.616 | 66.39 | 6.732 |
| Gross Profit (Loss) | 47.04 | 33.94 | 38.597 | 40.91 | 14.984 |
| Operational Profit (Loss) | 23.69 | 14.17 | 67.184 | 10.2 | 132.254 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 1.77 | -0.83 | - | -7.88 | - |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 1.77 | -0.83 | - | -8.25 | - |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 953.08 | 992.46 | -3.967 |
| Profit (Loss) per Share | 0.02 | -0.01 | |
| All figures are in (Millions) 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 (Millions) 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 Group’s revenue increased by approximately 26% during the current quarter of 2026 to reach SAR 70.86 million, compared with SAR 56.41 million for the similar quarter of the previous year. This increase was mainly attributable to higher revenues across the Group’s operating segments. Revenue from the office sector increased by approximately 34%, supported by higher revenue from the QBIC Plaza office building in Riyadh. Hospitality revenue increased by approximately 37%, driven by improved occupancy levels at the DoubleTree by Hilton Alandalus Mall Hotel. In addition, retail and operations revenue increased by approximately 21%, supported by higher leasing levels and improved operational performance at Alandalus Mall. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The Company recorded a net profit attributable to the shareholders of the Company of SAR 1.77 million during the current quarter, compared with a net loss attributable to the shareholders of the Company of SAR 0.83 million for the similar quarter of 2025. The improvement was mainly due to a 67% increase in operating profit, supported by a 39% increase in gross profit, higher other income, and the relative stability of the Group’s share of results from equity-accounted investees. This improvement was achieved despite an increase in general and administrative expenses, marketing expenses, and zakat expense during the current quarter compared with the similar quarter of the previous year. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The Group’s revenue increased by approximately 6.7% during the current quarter of 2026 compared with the previous quarter. The increase was mainly attributable to a 29% increase in hospitality revenue due to improved occupancy levels at the DoubleTree by Hilton Alandalus Mall Hotel. Revenue from the office sector also increased by 11 %, mainly due to higher revenue from the QBIC Plaza office building. Retail and operations revenue increased by 3%, supported by improved operating performance at Alandalus Mall. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The Company recorded a net profit attributable to the shareholders of the Company of SAR 1.77 million during the current quarter, compared with a net loss attributable to the shareholders of the Company of SAR 7.88 million in the previous quarter. The improvement was mainly attributable to higher operating profit, which increased from SAR 10.20 million in the previous quarter to SAR 23.69 million during the current quarter, supported by higher gross profit. The previous quarter was also impacted by provisions for expected credit losses and impairment losses on property and equipment. |
| 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 interim condensed consolidated financial statements of the Group for the three-month period ended 31 March 2025 were reviewed by another auditor, who expressed an unmodified review conclusion on those interim condensed consolidated financial statements on 13 Thul-Qi’dah 1446H, corresponding to 11 May 2025. |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified to conform to the current period presentation. |
| Additional Information | The interim condensed consolidated financial statements for the period ended 31 March 2026 will be available on the Company’s website through the link below after submission to the relevant authorities. The investor presentation for the current period will also be available through Al-Andalus Property Company’s Investor Relations mobile and tablet application, as well as on the Company’s website under the Investor Relations section. http://www.alandalus.com.sa |
| Attached Documents | Attached Documents Attached Documents |
