Saudi Real Estate Company Income Statement

Financials in millions SAR. Fiscal year is January - December.

Millions SAR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	-	-	-	-	1,029	553.47
Other Revenue	2,341	2,043	1,834	2,068	11.57	16.04
Total Revenue	2,341	2,043	1,834	2,068	1,040	569.51
Revenue Growth (YoY	20.41%	11.41%	-11.33%	98.79%	82.69%	60.21%
Property Expenses	1,232	1,278	1,253	1,595	681.35	368.01
Selling, General & Administrative	278.95	228.31	223.92	196.38	228.35	224.16
Total Operating Expenses	1,511	1,507	1,477	1,792	909.7	592.17
Operating Income	830.09	536.63	356.97	276.74	130.72	-22.67
Interest Expense	-238.14	-242.69	-245.59	-149.21	-77.15	-17.29
Interest & Investment Income	28.75	27.93	43.82	19.41	7.15	6.7
Other Non-Operating Income	0.7	1.16	2.72	17.49	46.32	-35.91
EBT Excluding Unusual Items	621.41	323.04	157.92	164.42	107.03	-69.17
Gain (Loss) on Sale of Investments	21.95	0.79	-	-1.02	1.64	9.65
Gain (Loss) on Sale of Assets	-	-	-	-	3.62	-
Asset Writedown	-	-	-	-	-	-88.45
Other Unusual Items	-	-	-	-	-	18.85
Pretax Income	643.35	323.83	157.92	163.41	112.29	-129.13
Income Tax Expense	56.29	17.82	29.34	18.17	31.77	25.3
Earnings From Continuing Operations	587.07	306.01	128.58	145.24	80.52	-154.43
Earnings From Discontinued Operations	-	-	-	-	-	-4.66
Net Income to Company	587.07	306.01	128.58	145.24	80.52	-159.09
Minority Interest in Earnings	-130.36	-90.95	-60.94	-34.7	-25.61	18.35
Net Income	456.71	215.06	67.63	110.54	54.91	-140.74
Net Income to Common	456.71	215.06	67.63	110.54	54.91	-140.74
Net Income Growth	148.50%	217.98%	-38.81%	101.31%	-	-
Basic Shares Outstanding	375	375	375	323	240	240
Diluted Shares Outstanding	375	375	375	323	240	240
Shares Change (YoY)	-	-	16.02%	34.67%	-	-
EPS (Basic)	1.22	0.57	0.18	0.34	0.23	-0.59
EPS (Diluted)	1.22	0.57	0.18	0.34	0.23	-0.59
EPS Growth	148.50%	217.98%	-47.26%	49.48%	-	-
Operating Margin	35.45%	26.26%	19.46%	13.38%	12.56%	-3.98%
Profit Margin	19.51%	10.53%	3.69%	5.34%	5.28%	-24.71%
EBITDA	903.73	603.44	427.65	355.51	203.7	50.08
EBITDA Margin	38.60%	29.53%	23.32%	17.19%	19.58%	8.79%
D&A For Ebitda	73.64	66.8	70.67	78.77	72.98	72.74
EBIT	830.09	536.63	356.97	276.74	130.72	-22.67
EBIT Margin	35.45%	26.26%	19.46%	13.38%	12.56%	-3.98%
Effective Tax Rate	8.75%	5.50%	18.58%	11.12%	28.29%	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.