RIYADH, Mar 25 (Arab News): Kingdom Holding Co., the developer behind what is set to become the world's tallest building - Jeddah Tower - reported a 73 per cent jump in annual profit driven by investment gains and rising portfolio valuations.
Net profit attributable to shareholders rose to SR2.14 billion ($570 million) in 2025, up from SR1.24 billion a year earlier, the Riyadh-based company said in a Tadawul filing.
The increase was supported by gains on the sale of an equity-accounted investee, impairment reversals, higher dividend income and lower financing costs. Stronger hospitality revenue also contributed, the company said.
In a separate statement, KHC revealed that its board of directors recommended a cash dividend of SR1.03 billion, or SR0.28 per share, for 2025.
Talal Ibrahim Al-Maiman, CEO of Kingdom Holding, said: "These 2025 results highlight one of KHC's core competitive strengths - our ability to originate and access exclusive private investment opportunities.
"The net asset valuation uplift following the xAI SpaceX latest funding round and Flynas's IPO are clear examples of how this strategy can unlock significant value for our shareholders."
He added: "KHC's public equity portfolio delivered a strong performance in 2025, while the company's land, real estate, and hospitality investments continued to provide substantial long-term upside, supported by the Kingdom's economic momentum and accelerating development pipeline."
According to the statement, the company's revenue in 2025 stood at SR2.69 billion, marking a year-on-year increase of 12.62 per cent.
Total comprehensive income attributable to shareholders of the company also increased by 352.57 per cent year on year to SR20.50 billion.
Total shareholders' equity after deducting minority equity amounted to SR58.40 billion in 2025, marking a rise of 50.01 per cent from the previous year.
"KHC's performance in 2025 reflects the twin strengths of a diversified portfolio and a robust financial position," said Adel Abdulaziz Alabdulsalam, chief financial officer of KHC.
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