First Avenue Real Estate Development Company (TADAWUL:9610)

TADAWUL:9610 Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	254.95	237.85	204.65	204.92	70.49
Revenue Growth (YoY)	7.19%	16.22%	-0.13%	190.72%	300.91%
Cost of Revenue	182.39	188.29	153.58	145.96	50.85
Gross Profit	72.56	49.55	51.07	58.96	19.64
Selling, General & Admin	37.85	14.94	4.47	10.43	2.94
Operating Expenses	37.85	14.94	5.08	10.83	3.16
Operating Income	34.72	34.62	45.99	48.13	16.48
Interest Expense	-9.99	-0.15	-0.25	-0.11	-0.02
Earnings From Equity Investments	-0.99	-	-	-0.02	-
Other Non Operating Income (Expenses)	19.52	0.52	-1.64	-0	0.03
EBT Excluding Unusual Items	43.26	34.98	44.1	48	16.49
Gain (Loss) on Sale of Investments	17.38	9.67	0.86	0.48	-
Gain (Loss) on Sale of Assets	-	-	-	3.9	-
Asset Writedown	3.62	-	-	-	-
Pretax Income	64.25	44.65	44.96	52.37	16.49
Income Tax Expense	4.95	2.7	2.25	1.76	0.44
Net Income	59.3	41.95	42.71	50.61	16.04
Net Income to Common	59.3	41.95	42.71	50.61	16.04
Net Income Growth	41.35%	-1.78%	-15.61%	215.46%	1080.17%
Shares Outstanding (Basic)	176	170	152	10	-
Shares Outstanding (Diluted)	176	170	152	10	-
Shares Change (YoY)	3.15%	12.02%	1421.58%	-	-
EPS (Basic)	0.34	0.25	0.28	5.06	-
EPS (Diluted)	0.34	0.25	0.28	5.06	-
EPS Growth	37.04%	-12.31%	-94.45%	-	-
Free Cash Flow	41.97	96.94	-34.38	0.04	7.47
Free Cash Flow Per Share	0.24	0.57	-0.23	0.00	-
Gross Margin	28.46%	20.84%	24.96%	28.77%	27.86%
Operating Margin	13.62%	14.55%	22.48%	23.49%	23.38%
Profit Margin	23.26%	17.64%	20.87%	24.70%	22.76%
Free Cash Flow Margin	16.46%	40.76%	-16.80%	0.02%	10.60%
EBITDA	34.8	34.71	46.1	48.22	16.53
EBITDA Margin	13.65%	14.59%	22.53%	23.53%	23.45%
D&A For EBITDA	0.08	0.1	0.1	0.09	0.05
EBIT	34.72	34.62	45.99	48.13	16.48
EBIT Margin	13.62%	14.55%	22.48%	23.48%	23.38%
Effective Tax Rate	7.71%	6.05%	5.01%	3.36%	2.69%
Advertising Expenses	0.7	0.27	-	0.02	0.02

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