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Retal Urban Development Company’s net profit attributable to shareholders fell 6.8% year on year to SAR 51.7 million in the third quarter of 2026, compared with SAR 55.5 million a year earlier. The company attributed the decline to higher cost of revenue, driven by a change in the sales mix and increased project delivery costs, as well as a 23.4% rise in operating expenses amid stepped-up marketing and participation in real estate exhibitions. Meanwhile, sales increased 13.1% to SAR 764.7 million, the company’s highest quarterly revenue on record. The company also returned to profit, compared with a loss of SAR 17.2 million in the previous quarter.
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