Riyadh - Mubasher: The net profits attributable to the shareholders of Riyadh Development Company climbed by 19.99% to SAR 50.48 million in the first quarter (Q1) of 2026 from SAR 42.07 million in Q1-25.
The group posted 49.39% year-on-year (YoY) higher revenues at SAR 103.89 million in Q1-26, compared to SAR 69.54 million, according to the initial financial results.
In the first three months (3M) of 2026, the earnings per share (EPS) hit SAR 0.22 when compared to SAR 0.20 in Q1-25.
On a quarterly basis, the net profits in Q1-26 marked a 13.23% increase from SAR 44.58 in Q4-25 and the revenue surged by 40.63% from SAR 73.87 million.
In 2025, Riyadh Development logged net profits worth SAR 296.10 million, down 0.03% from SAR 296.20 million in 2024.
