Riyadh — Mubasher: Banan Real Estate Company recorded a net profit of SAR 29.96 million in the nine-month (9M) period ended on 30 September 2026.
The net income in 9M-26 marked an 11.15% increase from SAR 26.95 million in 9M-25, according to a bourse filing.
Banan Real Estate attributed the profit growth to a 44% reduction in financing expenses, which fell to SAR 4.20 million from SAR 7.60 million in 9M-25, alongside a 2.40% rise in total revenues to SAR 55.63 million.
Operating profit stood at SAR 39.59 million in 9M-26, down 3.51% from SAR 41.02 million in 9M-25.
Earnings per share (EPS) for the period rose to SAR 0.15 in 9M-26, compared to SAR 0.13 a year earlier.
Total shareholders' equity increased 5.88% to SAR 442.23 million as of 30 September 2026.
For the third quarter (Q3) of 2026, Banan Real Estate posted net profit of SAR 8.71 million, a slight decrease of 0.86% compared to SAR 8.79 million in Q3-25.
Quarterly revenue remained nearly flat at SAR 18.54 million, down 0.26% from SAR 18.59 million in Q3-25.
Banan Real Estate noted that while rental income from certain contracts rose, overall performance was impacted by the sale of a building in the Al Wadi district and the disposal of the Al Badi’ah joint venture project in November 2025.
