Riyad REIT Fund 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	2016 - 2020
Period Ending	Jun '25 Jun 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	2016 - 2020
Rental Revenue	253.15	264.47	257.98	210.41	180.06	141.14	Upgrade
Total Revenue	282.61	293.93	307.53	275.56	248.5	186.02	Upgrade
Revenue Growth (YoY	-11.78%	-4.42%	11.60%	10.89%	33.59%	2.66%	Upgrade
Property Expenses	101.95	106.37	105.63	84.39	66.96	53.66	Upgrade
Selling, General & Administrative	56.65	57.89	57.94	45.49	43.31	42.11	Upgrade
Depreciation & Amortization	33.18	33.6	33.79	30.96	30.96	24.65	Upgrade
Total Operating Expenses	213.92	202.32	200.11	163.15	142.94	120.43	Upgrade
Operating Income	68.7	91.61	107.42	112.41	105.56	65.59	Upgrade
Interest Expense	-103.9	-103.28	-100.96	-49.98	-27.89	-20.96	Upgrade
Other Non-Operating Income	19.37	17.21	14.89	5.96	-0.1	0.42	Upgrade
EBT Excluding Unusual Items	-32.86	5.54	21.35	68.39	77.57	45.06	Upgrade
Gain (Loss) on Sale of Investments	-125.31	-125.31	0.3	20.54	18.98	-	Upgrade
Asset Writedown	-60.95	-67.51	-	-	-	-	Upgrade
Pretax Income	-219.12	-187.28	21.65	88.93	96.55	45.06	Upgrade
Net Income	-219.12	-187.28	21.65	88.93	96.55	45.06	Upgrade
Net Income to Common	-219.12	-187.28	21.65	88.93	96.55	45.06	Upgrade
Net Income Growth	-	-	-75.65%	-7.90%	114.29%	-36.44%	Upgrade
Basic Shares Outstanding	172	172	172	172	172	172	Upgrade
Diluted Shares Outstanding	172	172	172	172	172	172	Upgrade
EPS (Basic)	-1.28	-1.09	0.13	0.52	0.56	0.26	Upgrade
EPS (Diluted)	-1.28	-1.09	0.13	0.52	0.56	0.26	Upgrade
EPS Growth	-	-	-75.65%	-7.90%	114.29%	-36.44%	Upgrade
Dividend Per Share	0.320	0.310	0.400	0.690	0.740	0.450	Upgrade
Dividend Growth	6.67%	-22.50%	-42.03%	-6.76%	64.44%	-8.16%	Upgrade
Operating Margin	24.31%	31.17%	34.93%	40.79%	42.48%	35.26%	Upgrade
Profit Margin	-77.53%	-63.71%	7.04%	32.27%	38.85%	24.22%	Upgrade
EBITDA	101.87	125.21	141.21	143.37	136.53	90.25	Upgrade
EBITDA Margin	36.05%	42.60%	45.92%	52.03%	54.94%	48.51%	Upgrade
D&A For Ebitda	33.18	33.6	33.79	30.96	30.96	24.65	Upgrade
EBIT	68.7	91.61	107.42	112.41	105.56	65.59	Upgrade
EBIT Margin	24.31%	31.17%	34.93%	40.79%	42.48%	35.26%	Upgrade
Funds From Operations (FFO)	0.76	21.9	55.44	119.89	127.51	69.71	Upgrade
Adjusted Funds From Operations (AFFO)	-	21.9	55.44	119.89	127.51	69.71	Upgrade
FFO Payout Ratio	7049.72%	235.19%	154.84%	130.32%	70.02%	110.84%	Upgrade

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