Jabal Omar Development Company (4250) Q4 2025 earnings summary

Executive summary

• Achieved strong revenue growth of 11% year-over-year to SAR 2,114 million, driven by improved performance of stabilized assets and new property contributions.

• Adjusted EBITDA rose 20% year-over-year to SAR 951 million, reflecting operational efficiency and higher occupancy.

• Gross debt reduced by 23% to SAR 9.3 billion, with significant deleveraging and extended maturities.

• Cash balance nearly doubled to SAR 1.2 billion, supported by asset sales and robust operating cash flows.

Financial highlights

• Revenue increased 11% year-over-year to SAR 2,114 million; adjusted EBITDA up 20% to SAR 951 million.

• Gross profit rose 6% to SAR 645 million; operating profit surged 2.4x to SAR 2,858 million.

• Net income reached SAR 2,393 million, up 11x from the prior year; EPS at SAR 2.03.

• Adjusted EBITDA margin improved to 45.0%.

• Cash and cash equivalents increased 99% year-over-year to SAR 1,184 million.

Outlook and guidance

• 2026 marks peak capex at SAR 1.1 billion, with a decline expected after Phase 4 completion.

• Rotana's third tower to be operational in Q1 2026; Sofitel to open in Q4 2026; Phase 4 commercial center to be operational in 2027.

• Focus on scaling up new hotels, stabilizing commercial centers, and advancing Phase 7 development.