Cenomi Centers maintains solid performance in Q1-26; profits leap 165% QoQ

CENOMI CENTERS
4321 1.99% 17.90 0.35 2P
7204.B 0.00% 0.00 0.00

Riyadh - Mubasher: The net profits attributable to the shareholders of Arabian Centres Company (Cenomi Centers) fell by 6.63% year-on-year (YoY) to SAR 202.50 million in the first quarter (Q1) of 2026 from SAR 216.90 million.

Likewise, the revenues declined by 1.37% to SAR 582.50 million as of 31 March 2026 from SAR 590.60 million in Q1-25, according to initial financial results.

The earnings per share (EPS) reached SAR 1.43 in Q1-26, compared to SAR 0.46 a year earlier.

The quarterly net profits hiked by 165.05% from SAR 76.40 million in Q4-25, while the revenues climbed by 3.31% from SAR 563.80 million.

CEO of Cenomi Centers, Alison Rehill-Erguven, commented: “Our first-quarter performance highlights the resilience of our core portfolio as we continue executing on our portfolio optimization, flagship delivery, and disciplined execution.”

“The quality of our revenue mix improved, supported by strong growth in media sales, and despite the ongoing geopolitical backdrop, we have so far seen limited direct impact on underlying customer demand across our portfolio. Like-for-like footfall remained strong at 34.70 million, increasing 2.50% YoY, while like-for-like occupancy continued to demonstrate resilience,” the CEO noted.

She added: “We also maintained solid leasing momentum during the quarter and delivered double-digit growth in operating profit, reflecting the strength of the underlying business.” 

Source: Mubasher Source: {{details.article.source}}