Riyadh - Mubasher: Alandalus Property Company turned profitable at SAR 1.77 million in the first quarter (Q1) of 2026, compared to net losses of SAR 830,000 in Q1-25.
The revenues climbed by 25.61% year-on-year (YoY) to SAR 70.86 million in Q1-26 from SAR 56.41 million, according to the interim financial results.
In the first three months (3M) of 2026, the earnings per share (EPS) hit SAR 0.02, against a loss per share of SAR 0.01 a year earlier.
Quarterly, the group also turned profits in Q1-26 compared to net losses valued at SAR 7.88 million in Q4-25, while the revenues increased by 6.73% from SAR 66.39 million.
The company’s CEO, Faisal bin Abdulrahman Al Nasser, stated: “The results of Q1-26 reflect the continued strength of Alandalus Property’s financial performance and its ability to achieve balanced and sustainable growth, supported by operational efficiency and a diversified investment portfolio.”
“These results come in line with the company’s growth plans and its efforts to strengthen its position in the Saudi market as a fully integrated real estate investment company,” he added.
Last year, the company’s net losses dropped by 42.18% to SAR 18.27 million from SAR 31.60 million in 2024.
