Banan 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	73.85	92.95	63.17	59.29	18.9
Other Revenue	2.2	3.16	3.55	0.29	11.76
Total Revenue	76.05	96.1	66.72	59.58	30.66
Revenue Growth (YoY	-20.86%	44.04%	11.98%	94.31%	72.23%
Property Expenses	12.84	28.26	10.94	11.38	2.61
Selling, General & Administrative	3.16	4.39	2.91	1.88	1.96
Depreciation & Amortization	0.55	0.6	0.49	0.1	0.11
Other Operating Expenses	4.84	4.29	4.23	3.63	1.51
Total Operating Expenses	21.57	39.69	19.18	17.22	6.21
Operating Income	54.48	56.41	47.54	42.36	24.45
Interest Expense	-9.63	-4.43	-6.2	-4.7	-0.48
Interest & Investment Income	0.77	1.22	0.34	0.38	0.64
Other Non-Operating Income	-0.03	0.23	0.22	0.44	0.01
EBT Excluding Unusual Items	45.59	53.42	41.9	38.49	24.62
Gain (Loss) on Sale of Investments	1.7	0.55	0.47	3.79	0.53
Gain (Loss) on Sale of Assets	1.23	1.56	0.3	-0.66	-
Asset Writedown	-1.4	-3.51	2.41	1.07	-0.07
Pretax Income	47.12	52.02	45.08	42.68	25.08
Income Tax Expense	0.81	1.11	1.18	1.91	0.75
Earnings From Continuing Operations	46.31	50.91	43.9	40.77	24.33
Net Income to Company	46.31	50.91	43.9	40.77	24.33
Minority Interest in Earnings	-11.82	-15.28	-15.13	-12.56	-
Net Income	34.49	35.63	28.77	28.22	24.33
Net Income to Common	34.49	35.63	28.77	28.22	24.33
Net Income Growth	-3.20%	23.87%	1.95%	15.98%	47.46%
Basic Shares Outstanding	200	200	200	200	200
Diluted Shares Outstanding	200	200	200	200	200
EPS (Basic)	0.17	0.18	0.14	0.14	0.12
EPS (Diluted)	0.17	0.18	0.14	0.14	0.12
EPS Growth	-3.20%	23.87%	1.95%	15.98%	47.47%
Dividend Per Share	-	0.060	0.055	0.050	0.055
Dividend Growth	-	9.09%	10.00%	-9.09%	-
Operating Margin	71.63%	58.70%	71.26%	71.10%	79.75%
Profit Margin	45.35%	37.08%	43.11%	47.36%	79.34%
EBITDA	62.05	64	55.04	49.48	27.06
EBITDA Margin	81.59%	66.59%	82.49%	83.05%	88.23%
D&A For Ebitda	7.57	7.59	7.49	7.12	2.6
EBIT	54.48	56.41	47.54	42.36	24.45
EBIT Margin	71.63%	58.70%	71.26%	71.10%	79.75%
Effective Tax Rate	1.72%	2.14%	2.62%	4.47%	3.01%

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