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His Highness Real Estate Company, listed on the Saudi market, revealed its preliminary financial results for the third quarter of 2026, where its net profit decreased by 12.72% year-on-year, and the net profit attributable to the company’s shareholders decreased to 42.9 million riyals, compared to 49.15 million riyals in the same quarter of 2025, while it increased by 36.31% compared to the previous quarter, in which the company recorded a net profit of 31.47 million riyals, according to the company’s data on “Tadawul” on Sunday.
The company reported that the decrease in net profit on an annual basis is due to revenue from land sales and real estate services during the same quarter of the previous year, while the company’s revenues during the current quarter focused on operating income from real estate development and construction projects.
On the other hand, the company’s revenues increased by 11.25% year-on-year to reach SAR 165.29 million, compared to SAR 148.58 million in the same quarter of the previous year, supported by the growth of real estate development revenues by 25% and contracting business revenues by 344%, offset by a decrease in land sales and real estate service revenues.
The company’s revenue recorded 11.25% year-on-year increase to SAR 165.29 million
Total profit decreased by 12.04% to SAR 52.28 million, compared to SAR 59.43 million in the same quarter of the previous year, and operating profit decreased by 17.51% to SAR 44.11 million, compared to SAR 53.47 million for the comparative period.
His Highness Real Estate’s net profit increased by 36.31%, on a quarterly basis, in conjunction with the growth of revenues by 11.19% to 165.29 million riyals, compared to 148.66 million riyals in the previous quarter, and the total profit increased by 22.53% on a quarterly basis, to reach 52.28 million riyals, compared to 42.67 million riyals in the previous quarter, while the operating profit rose by 23.62% to 44.11 million riyals, compared to 35.68 million riyals.
In the first nine months of 2026, the net profit of Highness Properties increased by 1.29% year-on-year to reach 110 million riyals, compared to 108.59 million riyals, during the same period in 2025.
The company’s net profit increased 1.29% year-on-year to SAR 110 million during the first nine months of 2026
The company’s revenues increased by 41% to SAR 499.49 million, compared to SAR 354.24 million during the comparative period, supported by the growth of real estate development revenues by 65% and contracting business revenues by 89%, and the total profit increased by 25.04% to reach SAR 145.61 million, compared to SAR 116.46 million during the same period last year, while the operating profit rose by 19.4% to SAR 118.99 million, compared to SAR 99.65 million.
In the same context, the total comprehensive income attributable to the shareholders of the company decreased by 35.96% to reach 100.56 million riyals, compared to 157.03 million riyals during the comparative period, and the total equity, after excluding non-controlling shares, increased by 10.48% to 818.38 million riyals by the end of the current period, compared to 740.72 million riyals during the same period of the previous year.
Earnings per share during the first nine months of 2026 amounted to SAR 2.20, compared to SAR 2.17 during the same period in 2025.
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