Riyadh – Mubasher: Knowledge Economic City announced its interim financial results for the six-month period that ended on 30 June 2026, reporting a net loss of SAR 28.34 million.
This represents a 48.42% reduction in losses compared to the SAR 54.95 million loss recorded during the same period in 2025. The company attributed the improved performance to higher profit margins, increased other income, and the continued rationalization of selling and marketing expenses.
Revenues for the first half (H1) of 2026 reached SAR 85.35 million, down 24.11% from SAR 112.46 million a year earlier, primarily due to lower contributions from one of the group's projects.
For the second quarter (Q2) alone, the net loss narrowed by 65.74% year-on-year (YoY) to SAR 12.91 million, while quarterly revenue fell by 51.32% to SAR 29.92 million.
The company disclosed accumulated losses of SAR 470.68 million, representing 13.9% of its capital.
Separately, Knowledge Economic City highlighted a 27 July, letter of intent to establish a SAR 7.50 billion real estate fund for the Knowledge Gardens project. It also noted two agreements signed on 16 July, to sell three land plots for a total of SAR 398.80 million, which are expected to generate a gross profit of SAR 361 million.
