Nomu-listed developer Ladun Investment’s net income dropped 34.3% y-o-y to SAR 21.3 mn in 1H 2025, driven by 81% higher financing costs, despite lower G&A costs and higher operating income, it said in a disclosure to Tadawul yesterday. Revenue slipped 1.1% y-o-y to SAR 639.4 mn during the same period as weaker contributions from completed real estate projects offset growth in the company’s construction and building materials segments.

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