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Riyadh Development Company announces its preliminary consolidated financial results for the period ending on March 31, 2026 (three months) | premargin

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	103.89	69.54	49.396	73.87	40.638
Gross Profit (Loss)	76.56	42.6	79.718	43.89	74.436
Operational Profit (Loss)	37.23	25.7	44.863	19.18	94.108
Net Profit (Loss) Attributable to Shareholders of the Issuer	50.48	42.07	19.99	44.58	13.234
Total Comprehensive Income Attributable to Shareholders of the Issuer	50.48	42.07	19.99	44.58	13.234
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)	4,178	3,990	4.711
Profit (Loss) per Share	0.22	0.2
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 company achieved revenue from main operations of 103.9 million, an increase of 34 million or 49%, This is mainly attributed to: 1- Increase of centers and markets revenue by million. 2- Partial sales of the company’s non-strategic lands at a value of 33 million, in line with the company’s strategy to maximize return on unutilized assets.
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 achieved a net profit of 50.4 million, an increase of 8.3 million, or 20%, despite recording a provision for white land fees of approximately 16.7 million during this quarter. This is mainly attributed to: 1- Increase of centers and markets revenue by million. 2- Partial sales of the company’s non-strategic lands at a value of 33 million, in line with the company’s strategy to maximize return on unutilized assets.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The company achieved revenue from main operations of 103.9 million, an increase of 30 million, This is mainly attributed to the realization of revenue from the Partial sales of the company’s non-strategic lands at a value of 33 million, in line with the company’s strategy to maximize return on unutilized assets.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The company achieved a net profit of 50.4 million, an increase of 5.8 million, or 13%, despite recording a provision for white land fees of approximately 16.7 million during this quarter. This is mainly attributed to: 1- Realizing gains from the partial sales of the compa-ny’s non-strategic lands at a value of 31 million, in line with the company’s strategy to maximize return on unutilized assets. 2- The increase of our shares in the associate companies "Altilal Litatwir Almarafiq Altaelimiah" by 2 mil-lion. 3- Decrease in operating costs by 3 million, or 10%. On the other hand, the company recorded other income of approximately 25 million during the previous quarter
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	Reclassification of comparative figures compatible with the display tab for the current period.
Additional Information	• The weighted average number of ordinary shares outstanding during Period of 2025 is the number of ordinary shares outstanding at the beginning of the period, adjusted by the number of ordinary shares is-sued during the period multiplied by a time-weighting factor. The time-weighting factor is the number of days that the shares are outstanding dur-ing the period in accordance with IAS 33 (Note No. 18 in the financial statement). • On 22 September 2025, Al-Rimal Logistics Park Company was established as a limited liability com-pany (one-person company) wholly owned by Arri-yadh Development Company with a cash capital of (10,000), divided into (10,000) shares, and ap-proximately 98,000sqm of technical services land were transferred to Al-Rimal Logistics Park Company, as per the company strategy: "Invest for Growth." • On 5 October 2025, Hulul Salasil Imdad Almontajat Altazija Company was established with a cash capital of 500,000, divided into (500,000) shares wholly owned by Arriyadh Development Company, as per the company strategy: "Invest for Growth."