ALAKARIA

Saudi Real Estate Co.

4020StocksTadawulConsumer Discretionary

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	1.94B	2.04B	1.83B	2.07B	1.04B
Interest Income	41.86M	27.93M	43.82M	19.41M	7.15M
Interest Expense	-216.43M	-242.69M	-245.59M	-149.21M	-77.15M
Pretax Income	491.41M	323.83M	157.92M	163.41M	112.29M
Income Tax	61.68M	17.82M	29.34M	18.17M	31.77M
Net Income	295.97M	215.06M	67.63M	110.54M	54.91M
Rental Revenue	—	—	—	—	1.03B
Property Expenses	1.06B	1.28B	1.25B	1.60B	0.68B
Operating Income	657.88M	536.63M	356.97M	276.74M	130.72M
EPS (Basic)	0.79	0.57	0.18	0.34	0.23
EPS (Diluted)	0.79	0.57	0.18	0.34	0.23
Margins & Efficiency
Net Margin %	+15.3%	+10.5%	+3.7%	+5.3%	+5.3%
Revenue & Income
Revenue Growth (YoY)	-5.0%	+11.4%	-11.3%	+98.8%	+82.7%
Revenue RE	1.94B	2.04B	1.83B	2.07B	1.04B
Rental Revenue	—	—	—	—	1.03B
Other Revenue RE	1.94B	2.04B	1.83B	2.07B	0.01B
Gain Assets RE	0.85M	1.16M	—	—	3.62M
Gain Investments RE	—	—	—	-1.02M	1.64M
Expenses & Provisions
SG&A RE	225.19M	228.31M	223.92M	196.38M	228.35M
Total Operating Expenses RE	1.28B	1.51B	1.48B	1.79B	0.91B
Interest Expense RE	-216.43M	-242.69M	-245.59M	-149.21M	-77.15M
Other Non Oper Exp Suppl RE	7.26M	0.79M	2.72M	17.49M	46.32M
Property Expenses	1.06B	1.28B	1.25B	1.60B	0.68B
Asset Writedown	—	—	—	—	—
D&A For EBITDA	96.63M	66.80M	70.67M	78.77M	72.98M
Profitability & Returns
EBIT	657.88M	536.63M	356.97M	276.74M	130.72M
EBIT Margin	+33.9%	+26.3%	+19.5%	+13.4%	+12.6%
EBITDA	754.52M	603.44M	427.65M	355.51M	203.70M
EBITDA Margin	+38.9%	+29.5%	+23.3%	+17.2%	+19.6%
EBT Excl RE	490.57M	322.66M	157.92M	164.42M	107.03M
Pretax Income	491.41M	323.83M	157.92M	163.41M	112.29M
Operating Income RE	657.88M	536.63M	356.97M	276.74M	130.72M
Operating Margin	+33.9%	+26.3%	+19.5%	+13.4%	+12.6%
Profit Margin	+15.3%	+10.5%	+3.7%	+5.3%	+5.3%
Net Income	295.97M	215.06M	67.63M	110.54M	54.91M
Net Income to Common	295.97M	215.06M	67.63M	110.54M	54.91M
Net Income to Company	429.74M	306.01M	128.58M	145.24M	80.52M
Net Income Growth	+37.6%	+218.0%	-38.8%	+101.3%	—
Earnings From Continuing Ops.	429.74M	306.01M	128.58M	145.24M	80.52M
Earnings From Discontinued Ops.	—	—	—	—	—
Minority Interest in Earnings	-133.77M	-90.95M	-60.94M	-34.70M	-25.61M
Income Tax Expense	61.68M	17.82M	29.34M	18.17M	31.77M
Effective Tax Rate	+12.6%	+5.5%	+18.6%	+11.1%	+28.3%
Net Interest Expense RE	-174.58M	-214.76M	-201.78M	-129.80M	-70.00M
Per Share & Capital
EPS (Basic)	0.79	0.57	0.18	0.34	0.23
EPS (Diluted)	0.79	0.57	0.18	0.34	0.23
EPS Growth	+37.6%	+218.0%	-47.3%	+49.5%	—
Shares Change (YoY)	—	—	0.16	0.35	—
Shares Outstanding (Basic)	375.00M	375.00M	375.00M	323.22M	240.00M
Shares Outstanding (Diluted)	375.00M	375.00M	375.00M	323.22M	240.00M
Supplemental
Int Inc RE	41.86M	27.93M	43.82M	19.41M	7.15M
Other Unusual RE	—	—	—	—	—

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	1.94B	2.04B	1.83B	2.07B	1.04B
Interest Income	41.86M	27.93M	43.82M	19.41M	7.15M
Interest Expense	-216.43M	-242.69M	-245.59M	-149.21M	-77.15M
Pretax Income	491.41M	323.83M	157.92M	163.41M	112.29M
Income Tax	61.68M	17.82M	29.34M	18.17M	31.77M
Net Income	295.97M	215.06M	67.63M	110.54M	54.91M
Rental Revenue	—	—	—	—	1.03B
Property Expenses	1.06B	1.28B	1.25B	1.60B	0.68B
Operating Income	657.88M	536.63M	356.97M	276.74M	130.72M
EPS (Basic)	0.79	0.57	0.18	0.34	0.23
EPS (Diluted)	0.79	0.57	0.18	0.34	0.23
Margins & Efficiency
Net Margin %	+15.3%	+10.5%	+3.7%	+5.3%	+5.3%
Revenue & Income
Revenue Growth (YoY)	-5.0%	+11.4%	-11.3%	+98.8%	+82.7%
Revenue RE	1.94B	2.04B	1.83B	2.07B	1.04B
Rental Revenue	—	—	—	—	1.03B
Other Revenue RE	1.94B	2.04B	1.83B	2.07B	0.01B
Gain Assets RE	0.85M	1.16M	—	—	3.62M
Gain Investments RE	—	—	—	-1.02M	1.64M
Expenses & Provisions
SG&A RE	225.19M	228.31M	223.92M	196.38M	228.35M
Total Operating Expenses RE	1.28B	1.51B	1.48B	1.79B	0.91B
Interest Expense RE	-216.43M	-242.69M	-245.59M	-149.21M	-77.15M
Other Non Oper Exp Suppl RE	7.26M	0.79M	2.72M	17.49M	46.32M
Property Expenses	1.06B	1.28B	1.25B	1.60B	0.68B
Asset Writedown	—	—	—	—	—
D&A For EBITDA	96.63M	66.80M	70.67M	78.77M	72.98M
Profitability & Returns
EBIT	657.88M	536.63M	356.97M	276.74M	130.72M
EBIT Margin	+33.9%	+26.3%	+19.5%	+13.4%	+12.6%
EBITDA	754.52M	603.44M	427.65M	355.51M	203.70M
EBITDA Margin	+38.9%	+29.5%	+23.3%	+17.2%	+19.6%
EBT Excl RE	490.57M	322.66M	157.92M	164.42M	107.03M
Pretax Income	491.41M	323.83M	157.92M	163.41M	112.29M
Operating Income RE	657.88M	536.63M	356.97M	276.74M	130.72M
Operating Margin	+33.9%	+26.3%	+19.5%	+13.4%	+12.6%
Profit Margin	+15.3%	+10.5%	+3.7%	+5.3%	+5.3%
Net Income	295.97M	215.06M	67.63M	110.54M	54.91M
Net Income to Common	295.97M	215.06M	67.63M	110.54M	54.91M
Net Income to Company	429.74M	306.01M	128.58M	145.24M	80.52M
Net Income Growth	+37.6%	+218.0%	-38.8%	+101.3%	—
Earnings From Continuing Ops.	429.74M	306.01M	128.58M	145.24M	80.52M
Earnings From Discontinued Ops.	—	—	—	—	—
Minority Interest in Earnings	-133.77M	-90.95M	-60.94M	-34.70M	-25.61M
Income Tax Expense	61.68M	17.82M	29.34M	18.17M	31.77M
Effective Tax Rate	+12.6%	+5.5%	+18.6%	+11.1%	+28.3%
Net Interest Expense RE	-174.58M	-214.76M	-201.78M	-129.80M	-70.00M
Per Share & Capital
EPS (Basic)	0.79	0.57	0.18	0.34	0.23
EPS (Diluted)	0.79	0.57	0.18	0.34	0.23
EPS Growth	+37.6%	+218.0%	-47.3%	+49.5%	—
Shares Change (YoY)	—	—	0.16	0.35	—
Shares Outstanding (Basic)	375.00M	375.00M	375.00M	323.22M	240.00M
Shares Outstanding (Diluted)	375.00M	375.00M	375.00M	323.22M	240.00M
Supplemental
Int Inc RE	41.86M	27.93M	43.82M	19.41M	7.15M
Other Unusual RE	—	—	—	—	—