Saudi Real Estate Company Cash Flow 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	2015 - 2019
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	2015 - 2019
Net Income	456.71	215.06	67.63	110.54	54.91	-140.74	Upgrade
Depreciation & Amortization	76.38	69.54	74.68	81.13	74.36	74.13	Upgrade
Other Amortization	-	-	-	-	-41.17	38.37	Upgrade
Gain (Loss) on Sale of Assets	-212.11	-28.05	-19.69	-	-3.62	-	Upgrade
Gain (Loss) on Sale of Investments	-21.95	-0.79	-	1.02	-1.64	-9.65	Upgrade
Asset Writedown	-	-	-	-48.26	-	88.45	Upgrade
Income (Loss) on Equity Investments	-70.34	-55.61	-19.76	-17	-11.57	-16.04	Upgrade
Change in Accounts Receivable	-103.54	-392.63	39.11	155.66	-244.31	-72.86	Upgrade
Change in Accounts Payable	-11.42	59.56	55.7	1.89	-20.97	4.87	Upgrade
Change in Other Net Operating Assets	-228.05	-50.98	-5.41	7.08	91.39	12.36	Upgrade
Other Operating Activities	181.14	171.4	91.84	37.27	47.97	-91.14	Upgrade
Net Cash from Discontinued Operations	-	-	-	-	-	-4.64	Upgrade
Operating Cash Flow	949.36	735.7	-87.87	-175.03	233.96	-88.76	Upgrade
Operating Cash Flow Growth	144.01%	-	-	-	-	-	Upgrade
Acquisition of Real Estate Assets	-379.59	-172.93	-130.71	-79.91	-159.25	-95.7	Upgrade
Sale of Real Estate Assets	257.79	34.05	20.68	52.55	97.88	9.38	Upgrade
Net Sale / Acq. of Real Estate Assets	-121.79	-138.89	-110.03	-27.36	-61.37	-86.32	Upgrade
Investment in Marketable & Equity Securities	-6.24	-301.44	-0.03	16.52	61.26	134.37	Upgrade
Other Investing Activities	10	10	10	10	10	10	Upgrade
Investing Cash Flow	-118.42	-430.71	-102.19	-1.37	0.73	58.05	Upgrade
Short-Term Debt Issued	-	100	-	-	-	-	Upgrade
Long-Term Debt Issued	-	-	-	382.68	60	380.45	Upgrade
Total Debt Issued	-	100	-	382.68	60	380.45	Upgrade
Long-Term Debt Repaid	-	-145.9	-130.82	-1,055	-352.35	-9.46	Upgrade
Net Debt Issued (Repaid)	-262.12	-45.9	-130.82	-672.56	-292.35	370.99	Upgrade
Issuance of Common Stock	-	-	-	1,593	-	-	Upgrade
Other Financing Activities	-80.41	-20	-12	-28.3	-12.3	-	Upgrade
Net Cash Flow	488.41	239.09	-332.87	715.74	-69.96	340.28	Upgrade
Cash Interest Paid	213.5	161.09	232.52	143.91	-	97.34	Upgrade
Levered Free Cash Flow	610.89	324.86	-666.46	733.46	-629.42	106.74	Upgrade
Unlevered Free Cash Flow	759.73	476.54	-512.96	826.71	-581.2	117.55	Upgrade
Change in Working Capital	539.53	364.14	-282.57	-339.72	80.93	-50.64	Upgrade

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