Riyadh - Mubasher: The net profits of Arabian Centres Company (Cenomi Centers) hiked by 29.24% to SAR 697.30 million in the first half (H1) of 2025 from SAR 539.50 million in H1-24.
Cenomi Centers generated revenues hit SAR 1.173 billion as of 30 June 2025, up 0.08% from SAR 1.172 billion, according to the financial results.
Earnings per share (EPS) grew to SAR 1.45 in H1-25 from SAR 1.12 in the first six months (6M) of 2024.
Financials for Q2-25
In the second quarter (Q2) of 2025, the group’s net profits jumped by 34.17% year-on-year (YoY) to SAR 474.70 million from SAR 353.80 million.
Revenues edged down by 0.66% to SAR 582.60 million in April-June 2025 from SAR 586.50 million in Q2-24.
Quarter-on-quarter (QoQ), the Q2-25 net profits soared by 113.15% compared to SAR 222.70 million in Q1-25, while the revenues declined by 1.35% from SAR 590.60 million.
Alison Rehill-Erguven, CEO, Cenomi Centers, commented: “Our strong H1 performance underscores the continued resilience and momentum of Cenomi Centers. With revenue growth, excluding Dhahran Mall, by a solid 6.90% YoY, net profit rising nearly 16.50% YoY post-adjustments and record footfall of 66.5 million visitors, we are clearly delivering on both our operational and strategic objectives.
“We are especially pleased with the progress at our flagship developments, Jawharat Riyadh and Jawharat Jeddah, which are nearing completion and expected to set new benchmarks in retail experience and visitor engagement,” she indicated.
The CEO noted: “Once operational, these two centers will significantly expand our platform and contribute meaningfully to long-term earnings.”
