According to the company's statement on the Saudi Stock Exchange (Tadawul) website, the reason for the decrease in net profit this year compared to the previous year is due to the following:
1- Achieving non-recurring revenues from the sale of land in Al-Qadisiyah neighborhood worth 26.3 million riyals during the year 2024, while no land sales were recorded during the year 2025, which affected the net profit for this year.
2- Financing costs increased to SAR 9.7 million during 2025, compared to SAR 4.5 million in 2024, as a result of increased financing in the subsidiary Qimam Nashaz Company, despite the decrease in financing costs in Banan Real Estate Company, which recorded SAR 1.9 million.
On the other hand, the results showed some positive indicators, namely:
1- Rental revenues at Banan Real Estate Company and its subsidiary, Al-Aziz Investment and Real Estate Development Company, increased by 9% to reach 73.85 million riyals during the year 2025.
2- The provision for credit losses decreased to 170,000 riyals in 2025, compared to 2.1 million riyals in 2024.
3- The decrease in the value of investment properties declined to reach 1.398 million riyals during the year 2025, compared to 3.51 million riyals in the year 2024.
