Saudi Real Estate Company Income Statement

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

Millions SAR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	-	-	-	-	1,029
Other Revenue	1,940	2,043	1,834	2,068	11.57
Total Revenue	1,940	2,043	1,834	2,068	1,040
Revenue Growth (YoY	-5.04%	11.41%	-11.33%	98.79%	82.69%
Property Expenses	1,057	1,278	1,253	1,595	681.35
Selling, General & Administrative	225.19	228.31	223.92	196.38	228.35
Total Operating Expenses	1,282	1,507	1,477	1,792	909.7
Operating Income	657.88	536.63	356.97	276.74	130.72
Interest Expense	-216.43	-242.69	-245.59	-149.21	-77.15
Interest & Investment Income	41.86	27.93	43.82	19.41	7.15
Other Non-Operating Income	7.26	0.79	2.72	17.49	46.32
EBT Excluding Unusual Items	490.57	322.66	157.92	164.42	107.03
Gain (Loss) on Sale of Investments	-	-	-	-1.02	1.64
Gain (Loss) on Sale of Assets	0.85	1.16	-	-	3.62
Pretax Income	491.41	323.83	157.92	163.41	112.29
Income Tax Expense	61.68	17.82	29.34	18.17	31.77
Earnings From Continuing Operations	429.74	306.01	128.58	145.24	80.52
Net Income to Company	429.74	306.01	128.58	145.24	80.52
Minority Interest in Earnings	-133.77	-90.95	-60.94	-34.7	-25.61
Net Income	295.97	215.06	67.63	110.54	54.91
Net Income to Common	295.97	215.06	67.63	110.54	54.91
Net Income Growth	37.62%	217.98%	-38.81%	101.31%	-
Basic Shares Outstanding	375	375	375	323	240
Diluted Shares Outstanding	375	375	375	323	240
Shares Change (YoY)	-	-	16.02%	34.67%	-
EPS (Basic)	0.79	0.57	0.18	0.34	0.23
EPS (Diluted)	0.79	0.57	0.18	0.34	0.23
EPS Growth	37.62%	217.98%	-47.26%	49.48%	-
Operating Margin	33.91%	26.26%	19.46%	13.38%	12.56%
Profit Margin	15.25%	10.53%	3.69%	5.34%	5.28%
EBITDA	754.52	603.44	427.65	355.51	203.7
EBITDA Margin	38.89%	29.53%	23.32%	17.19%	19.58%
D&A For Ebitda	96.63	66.8	70.67	78.77	72.98
EBIT	657.88	536.63	356.97	276.74	130.72
EBIT Margin	33.91%	26.26%	19.46%	13.38%	12.56%
Effective Tax Rate	12.55%	5.50%	18.58%	11.12%	28.29%

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.