Jabal Omar Development Company (4250) investor relations material

Executive summary

• Unaudited 9M 2026 revenue rose to SAR 1.824bn from SAR 1.573bn; net profit fell to SAR 13.5m from SAR 1.102bn, mainly reflecting the prior-year land disposal gain.

• Q3 revenue was SAR 370.0m versus SAR 323.9m; the quarter recorded a SAR 261.6m loss versus SAR 197.9m profit.

• The independent review concluded that nothing came to its attention indicating the interim statements were not prepared, in all material respects, under IAS 34 as endorsed in Saudi Arabia.

Financial highlights

• 9M gross profit increased to SAR 609.1m from SAR 527.2m; operating profit was SAR 312.6m versus SAR 383.7m.

• 9M other operating income was SAR 6.0m versus SAR 1.420bn, which included a SAR 1.471bn gain on asset disposals in 2025.

• Finance costs declined to SAR 364.4m from SAR 436.3m; impairment charges on non-financial assets were SAR 132.4m versus SAR 445.5m.

• Total assets were SAR 26.436bn at 30 September 2026 versus SAR 26.873bn at year-end 2025; total equity was SAR 15.876bn and total liabilities SAR 10.559bn.

Outlook and guidance

• Management’s 12-month cash flow forecast, based on period performance and forthcoming-year operating budgets, showed a net positive cash flow position with no material uncertainties.

• Three of seven project phases are operating; the fourth is substantially developed, with three towers in operation. All undeveloped parcels in phases five and six were sold except one phase-five parcel.