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

Alramz reported a net profit of SAR 54.3 million for H1 2026, a 24.0% decline from SAR 71.5 million in H1 2025, while Q2 2026 net profit fell 60.6% year-on-year to SAR 25.6 million. The bottom-line decrease was primarily driven by a significant reduction in semi-annual net fair-value gains on investments, which fell to SAR 11.9 million in H1 2026 from SAR 66.8 million in the prior-year period.
Revenue for H1 2026 more than quadrupled to SAR 910.7 million, up 308.6% year-on-year, led by the SAR 540.7 million sale of projects under development into real estate funds. While this strategic shift to capital recycling pressured gross margins—which narrowed to 9.6% from 16.3%—operating profit surged 380% to SAR 50.5 million as revenue growth significantly outpaced the 43% rise in operating expenses.
Shareholders’ equity climbed 126.2% to SAR 1.84 billion, bolstered by SAR 864.0 million in proceeds from the December 2025 IPO and growth in retained earnings. This capital infusion strengthened the balance sheet, improving the debt-to-equity ratio to 0.48x from 1.05x and providing the liquidity to expand the secured backlog to 25 ongoing projects totaling 13,600 units.

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	550,360	89,030	518.173	360,301	52.75
Gross Profit (Loss)	37,590	13,166	185.508	49,896	-24.663
Operational Profit (Loss)	16,307	-1,205	-	34,236	-52.368
Net Profit (Loss) Attributable to Shareholders of the Issuer	25,612	64,983	-60.586	28,696	-10.747
Total Comprehensive Income Attributable to Shareholders of the Issuer	25,612	64,983	-60.586	28,696	-10.747
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	910,661	222,860	308.624
Gross Profit (Loss)	87,486	36,371	140.537
Operational Profit (Loss)	50,543	10,539	379.58
Net Profit (Loss) Attributable to Shareholders of the Issuer	54,308	71,504	-24.049
Total Comprehensive Income Attributable to Shareholders of the Issuer	54,308	71,504	-24.049
Total Shareholders Equity (after Deducting Minority Equity)	1,836,860	812,003	126.213
Profit (Loss) per Share	1.27	2.38
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	Alramz Real Estate Company achieved revenue growth during Q2 2026, with revenues reaching SAR 550.4 million, an increase of 518.2% compared to the same quarter of the previous year (Q2 2025: SAR 89.0 million). This growth is attributable to the growth in off-plan sales by 5.3x to SAR 94.2 million, unit sales of SAR 41.9 million as completed units were transferred to buyers, third-party development revenues of SAR 69.0 million, while the sale of a project under development contributed SAR 325.7 million and SAR 19.6 million of other revenues. Other revenues: Lease revenue + Land sale revenue
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 profit amounted to SAR 25.6 million in Q2 2026, a decrease of 60.6% compared to the same quarter of the previous year (Q2 2025: SAR 65.0 million). This decrease was due to a higher zakat charge during the current quarter and lower net fair-value gain compared to the same quarter of the previous year, as fund valuations are performed on a semi-annual basis
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	Revenues increased by 52.8% compared to Q1 2026, driven by growth in off-plan sales to SAR 94.2 million compared to SAR 45.5 million, unit sales reaching SAR 41.9 million compared to SAR 30.6 million, in addition to seasonal factors, chief among them the impact of the holy month of Ramadan and the Eid holiday during Q1 2026.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	Profits during Q2 2026 declined by 10.7% compared to the previous quarter, which is attributable to lower gross profit and lower finance income.
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 Company recorded revenues of SAR 910.7 million during H1 2026, representing growth of 308.6% compared to H1 2025. This growth is mainly attributable to the increase in off-plan sales of 2.8x to SAR 139.7 million, an increase in unit sales of 8.0x to SAR 72.5 million in addition to sale of projects under development amounting to SAR 540.7 million,
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 Company recorded a net profit after zakat of SAR 54.3 million in H1 2026, compared to SAR 71.5 million in the same period of the previous year, representing a decrease of 24.1%. The decrease in net profit after zakat is mainly attributable to a lower semi-annual net fair-value gain compared to the same period of the previous year, in addition to a higher zakat charge of SAR 6.6 million (H1 2025: SAR 2.5 million) and higher Finance Cost by 51.2% compared to the same period of last year.
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	Comparison Items Certain comparative figures have been reclassified to conform with the presentation of the current period.
Additional Information	• Alramz will host an earnings call to present its Q2 and H1 2026 results. For details, please contact Investor Relations at ir@alramzre.com . • The interim condensed consolidated financial statements for the period ended 30 June 2026 will be available on the Saudi Exchange website and on the Company’s Investor Relations website at https://ir.alramzre.com/ar/ir-home/.
Attached Documents	Attached Documents