Riyad REIT Fund 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	275.52	264.47	257.98	210.41	180.06
Total Revenue	275.52	264.47	257.98	275.56	248.5
Revenue Growth (YoY	4.18%	2.51%	-6.38%	10.89%	33.59%
Property Expenses	102.75	106.37	105.63	84.39	66.96
Selling, General & Administrative	10.39	10.85	57.94	45.49	43.31
Depreciation & Amortization	32.9	33.6	33.79	30.96	30.96
Total Operating Expenses	177.11	155.28	200.11	163.15	142.94
Operating Income	98.4	109.19	57.87	112.41	105.56
Interest Expense	-91.7	-103.28	-100.96	-49.98	-27.89
Interest & Investment Income	7.24	29.46	49.54	-	-
Other Non-Operating Income	-47.3	-29.83	14.89	5.96	-0.1
EBT Excluding Unusual Items	-33.36	5.54	21.35	68.39	77.57
Gain (Loss) on Sale of Investments	-8.07	-125.31	0.3	20.54	18.98
Gain (Loss) on Sale of Assets	12.47	-17.27	-	-	-
Asset Writedown	15.5	-50.24	-	-	-
Pretax Income	-13.46	-187.28	21.65	88.93	96.55
Net Income	-13.46	-187.28	21.65	88.93	96.55
Net Income to Common	-13.46	-187.28	21.65	88.93	96.55
Net Income Growth	-	-	-75.65%	-7.90%	114.29%
Basic Shares Outstanding	172	172	172	172	172
Diluted Shares Outstanding	172	172	172	172	172
EPS (Basic)	-0.08	-1.09	0.13	0.52	0.56
EPS (Diluted)	-0.08	-1.09	0.13	0.52	0.56
EPS Growth	-	-	-75.65%	-7.90%	114.29%
Dividend Per Share	0.320	0.310	0.400	0.690	0.740
Dividend Growth	3.23%	-22.50%	-42.03%	-6.76%	64.44%
Operating Margin	35.72%	41.29%	22.43%	40.79%	42.48%
Profit Margin	-4.89%	-70.81%	8.39%	32.27%	38.85%
EBITDA	131.3	142.8	91.66	143.37	136.53
EBITDA Margin	47.66%	53.99%	35.53%	52.03%	54.94%
D&A For Ebitda	32.9	33.6	33.79	30.96	30.96
EBIT	98.4	109.19	57.87	112.41	105.56
EBIT Margin	35.72%	41.29%	22.43%	40.79%	42.48%
Funds From Operations (FFO)	12	21.9	55.44	119.89	127.51
Adjusted Funds From Operations (AFFO)	12	21.9	55.44	119.89	127.51
FFO Payout Ratio	457.55%	235.19%	154.84%	130.32%	70.02%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.