Retal Urban Development Co. announces its Annual Financial results for the period ending on 2024-12-31

Element List	Current Year	Previous Year	%Change
Sales/Revenue	2,063.21	1,367.12	50.92
Gross Profit (Loss)	499.65	379.28	31.74
Operational Profit (Loss)	340.22	245.06	38.83
Net profit (Loss)	266.12	202.35	31.51
Total Comprehensive Income	263.41	199.94	31.74
Total Shareholders Equity (after Deducting Minority Equity)	833.97	742.51	12.32
Profit (Loss) per Share	0.53	0.4
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
Accumulated Losses	-	-
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year	Revenues increased by 51% recorded the highest annual revenues since inception, the increase in revenues is due to the increase in development contract revenues by 56% which recorded the highest development contract revenues, reaching 1,979 million riyals.

The reasons for the increase in development contract revenues are as follows:

- Increase in number of sold units

- Increase in number of ongoing projects from 12 to 17 projects.

- Increase completion rates for ongoing projects.

- Increase in development revenues from real estate funds and joint ventures. The reason of the increase (decrease) in the net profit during the current year compared to the last year is The reasons for the increase in net profit are the following:

- Increase in gross profit by 32% reaching 499.65 million riyals.

- Increase in shares of results of equity accounted investment amounting to 71.10 million riyals.

This came despite the increase in general and administrative expenses and the increase in finance costs. Statement of the type of external auditor's report Unmodified opinion Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) NA Reclassification of Comparison Items Certain prior period figures have been reclassified to conform to current period presentation. Additional Information -

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