Arabian Centres Company (TADAWUL: 4321)

Arabian Centres Company Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Rental Revenue	2,303	2,254	2,207	2,037	1,856	2,197
Other Revenue	-7.47	-10.87	-18.2	-15.04	1.65	15.84
Total Revenue	2,296	2,243	2,188	2,022	1,858	2,213
Revenue Growth (YoY	2.07%	2.48%	8.21%	8.85%	-16.05%	1.15%
Property Expenses	388.78	386.2	360.01	360.41	316.85	316.8
Selling, General & Administrative	334.21	411.29	308.89	272.79	210.15	195.42
Depreciation & Amortization	-	-	-	-	517.98	442.28
Other Operating Expenses	-18.11	-9.37	27.47	-12.52	-14.41	2.17
Total Operating Expenses	1,058	977.8	762.8	677.03	1,169	1,076
Operating Income	1,237	1,265	1,426	1,345	689.07	1,137
Interest Expense	-352.85	-129.91	-200.17	-184.7	-188.47	-147.62
Interest & Investment Income	1.84	-	-	-	2.86	5.74
Currency Exchange Gain (Loss)	1.36	1.36	-	0.72	0.26	-
Other Non-Operating Income	-227.17	-227.22	-130.23	-144.5	-156.66	-278.25
EBT Excluding Unusual Items	660.65	909.23	1,095	1,017	347.06	717.09
Gain (Loss) on Sale of Investments	7.35	7.35	0.56	0.62	42.77	-
Gain (Loss) on Sale of Assets	-	238.67	-23.27	-17.76	-	-
Asset Writedown	718.42	369.93	-13.37	-210.82	-0.29	-0.44
Other Unusual Items	-0.15	16.29	18.13	1	83.54	-53.75
Pretax Income	1,386	1,541	1,077	789.98	473.08	662.89
Income Tax Expense	36.37	40.47	68.51	39.77	-13.64	20.29
Earnings From Continuing Operations	1,350	1,501	1,009	750.21	486.72	642.6
Minority Interest in Earnings	22.66	14	-1.76	25.22	-0.06	-8.67
Net Income	1,373	1,515	1,007	775.43	486.66	633.93
Net Income to Common	1,373	1,515	1,007	775.43	486.66	633.93
Net Income Growth	-1.94%	50.43%	29.87%	59.34%	-23.23%	-19.71%
Basic Shares Outstanding	475	475	475	475	475	471
Diluted Shares Outstanding	475	475	475	475	475	471
Shares Change (YoY)	-0.01%	-0.01%	-	-	0.91%	5.78%
EPS (Basic)	2.89	3.19	2.12	1.63	1.02	1.35
EPS (Diluted)	2.89	3.19	2.12	1.63	1.02	1.35
EPS Growth	-1.93%	50.45%	29.87%	59.34%	-23.92%	-24.10%
Dividend Per Share	0.750	1.620	2.333	1.500	1.250	1.400
Dividend Growth	-69.43%	-30.57%	55.56%	20.00%	-10.71%	-
Operating Margin	53.90%	56.40%	65.15%	66.52%	37.09%	51.38%
Profit Margin	59.79%	67.55%	46.02%	38.34%	26.19%	28.64%
Free Cash Flow Margin	30.74%	61.69%	58.60%	72.99%	55.65%	52.82%
EBITDA	1,253	1,282	1,446	1,365	1,028	1,454
EBITDA Margin	54.60%	57.15%	66.06%	67.50%	55.30%	65.72%
D&A For Ebitda	16.02	16.78	20.02	19.72	338.47	317.2
EBIT	1,237	1,265	1,426	1,345	689.07	1,137
EBIT Margin	53.90%	56.40%	65.14%	66.52%	37.09%	51.38%
Effective Tax Rate	2.62%	2.63%	6.36%	5.03%	-	3.06%

Source: S&P Capital IQ. Real Estate template. Financial Sources.