Mazaya

Mazaya Real Estate Development Company

MRDSStocksQatar Stock ExchangeReal Estate

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (QAR)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	117.98M	4.27M	81.19M	88.69M	-192.39M
Real Estate Asset Acquisitions	-3.14M	-391.90M	-462.07M	-0.38M	-2.74M
Real Estate Asset Sales	—	159.93M	231.86M	—	—
Investing & Financing
Investing Cash Flow	0.44M	-225.06M	-218.29M	-0.33M	-2.44M
Dividends Paid	—	-25.00M	—	-1.05M	-30.70M
Share Repurchase	—	—	—	—	—
Operating Activities
Operating Cash Flow	117.98M	4.27M	81.19M	88.69M	-192.39M
Net Income	54.06M	-69.99M	29.69M	41.01M	-248.75M
Change Accounts Payable RE	-118.73M	40.12M	-19.72M	-33.64M	—
Change Accounts Receivable RE	138.23M	-140.72M	-15.23M	3.11M	-26.32M
Change in Working Capital	49.90M	-22.39M	65.75M	70.17M	-142.44M
Change Other Net Oper Assets RE	100.70M	100.70M	100.70M	100.70M	-116.12M
Other Operating Activities RE	12.04M	90.57M	2.30M	-25.55M	-3.16M
Depreciation & Amortization	0.71M	0.54M	0.37M	1.68M	1.71M
Cash Interest Paid	73.70M	71.84M	41.35M	42.31M	44.75M
Cash Income Tax Paid	—	435.24K	424.99K	—	—
Loss (Gain) on Equity Investments	-0.22M	-0.28M	-1.08M	-0.11M	0.35M
Asset Writedown Cfre	—	—	-17.11M	—	198.40M
Investing Activities
Investing Cash Flow	0.44M	-225.06M	-218.29M	-0.33M	-2.44M
Invest In Securities RE	—	—	0.80M	—	—
Other Investing Activities RE	3.58M	6.91M	11.12M	0.05M	0.30M
Sale Real Estate Assets	—	159.93M	231.86M	—	—
Acquisition Real Estate Assets	-3.14M	-391.90M	-462.07M	-0.38M	-2.74M
Net Sale Acquisition Real Estate Assets	-3.14M	-231.97M	-230.21M	-0.38M	-2.74M
Gain Assets Cfre	—	-1.69M	-0.23M	—	—
Loss (Gain) on Sale of Investments	1.50M	7.50M	1.50M	1.50M	1.50M
Financing Activities
Common Dividends Paid	—	-25.00M	—	-1.05M	-30.70M
Issuance of Common Stock	—	—	—	—	16.10M
Repurchase of Common Stock	—	—	—	—	—
Long-Term Debt Issued	38.65M	250.00M	294.80M	—	984.12M
Long-Term Debt Repaid	-58.15M	-43.33M	-16.44M	-17.60M	-790.69M
Net Debt Issued (Repaid)	-19.50M	206.67M	278.36M	-17.60M	193.43M
Other Financing Activities RE	-73.38M	-71.34M	-39.96M	-42.31M	-0.11M
Free Cash Flow & Returns
Levered Free Cash Flow	-14.82M	89.11M	-156.04M	34.47M	-160.57M
Unlevered Free Cash Flow	33.13M	137.23M	-119.91M	60.92M	-132.67M
Operating Cash Flow Growth	+2,666.1%	-94.7%	-8.5%	—	—
Net Cash Flow	25.54M	-110.47M	101.29M	27.39M	-16.11M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (QAR)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	117.98M	4.27M	81.19M	88.69M	-192.39M
Real Estate Asset Acquisitions	-3.14M	-391.90M	-462.07M	-0.38M	-2.74M
Real Estate Asset Sales	—	159.93M	231.86M	—	—
Investing & Financing
Investing Cash Flow	0.44M	-225.06M	-218.29M	-0.33M	-2.44M
Dividends Paid	—	-25.00M	—	-1.05M	-30.70M
Share Repurchase	—	—	—	—	—
Operating Activities
Operating Cash Flow	117.98M	4.27M	81.19M	88.69M	-192.39M
Net Income	54.06M	-69.99M	29.69M	41.01M	-248.75M
Change Accounts Payable RE	-118.73M	40.12M	-19.72M	-33.64M	—
Change Accounts Receivable RE	138.23M	-140.72M	-15.23M	3.11M	-26.32M
Change in Working Capital	49.90M	-22.39M	65.75M	70.17M	-142.44M
Change Other Net Oper Assets RE	100.70M	100.70M	100.70M	100.70M	-116.12M
Other Operating Activities RE	12.04M	90.57M	2.30M	-25.55M	-3.16M
Depreciation & Amortization	0.71M	0.54M	0.37M	1.68M	1.71M
Cash Interest Paid	73.70M	71.84M	41.35M	42.31M	44.75M
Cash Income Tax Paid	—	435.24K	424.99K	—	—
Loss (Gain) on Equity Investments	-0.22M	-0.28M	-1.08M	-0.11M	0.35M
Asset Writedown Cfre	—	—	-17.11M	—	198.40M
Investing Activities
Investing Cash Flow	0.44M	-225.06M	-218.29M	-0.33M	-2.44M
Invest In Securities RE	—	—	0.80M	—	—
Other Investing Activities RE	3.58M	6.91M	11.12M	0.05M	0.30M
Sale Real Estate Assets	—	159.93M	231.86M	—	—
Acquisition Real Estate Assets	-3.14M	-391.90M	-462.07M	-0.38M	-2.74M
Net Sale Acquisition Real Estate Assets	-3.14M	-231.97M	-230.21M	-0.38M	-2.74M
Gain Assets Cfre	—	-1.69M	-0.23M	—	—
Loss (Gain) on Sale of Investments	1.50M	7.50M	1.50M	1.50M	1.50M
Financing Activities
Common Dividends Paid	—	-25.00M	—	-1.05M	-30.70M
Issuance of Common Stock	—	—	—	—	16.10M
Repurchase of Common Stock	—	—	—	—	—
Long-Term Debt Issued	38.65M	250.00M	294.80M	—	984.12M
Long-Term Debt Repaid	-58.15M	-43.33M	-16.44M	-17.60M	-790.69M
Net Debt Issued (Repaid)	-19.50M	206.67M	278.36M	-17.60M	193.43M
Other Financing Activities RE	-73.38M	-71.34M	-39.96M	-42.31M	-0.11M
Free Cash Flow & Returns
Levered Free Cash Flow	-14.82M	89.11M	-156.04M	34.47M	-160.57M
Unlevered Free Cash Flow	33.13M	137.23M	-119.91M	60.92M	-132.67M
Operating Cash Flow Growth	+2,666.1%	-94.7%	-8.5%	—	—
Net Cash Flow	25.54M	-110.47M	101.29M	27.39M	-16.11M