Riyadh - Mubasher: Sumou Real Estate Company logged net profits attributable to the shareholders amounting to SAR 35.62 million in the first quarter (Q1) of 2026.
The registered net profits were higher by 59.30% year-on-year (YoY) than SAR 22.36 million, according to the interim financial results.
Net sales climbed by 82.80% to SAR 185.53 million in Q1-26 from SAR 101.49 million in Q1-25, while the earnings per share (EPS) hiked to SAR 0.71 from SAR 0.45.
Quarter-on-quarter (QoQ), the net profits generated in the three-month period that ended on 31 March 2026 surged by 33.61% from SAR 26.66 million in Q4-25. The revenues grew by 10.13% from SAR 168.45 million.
Last year, the real estate developer posted 26.88% higher net profits at SAR 135.25 million, compared to SAR 106.60 million in 2024.
