MCDC

Makkah Construction & Development Co.

4100StocksTadawulReal Estate

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	2020Dec 15, 2020
Operations
Operating Cash Flow	412.82M	333.06M	386.52M	—	-49.40M
Free Cash Flow	321.18M	298.33M	344.13M	—	-61.00M
Capital Expenditures	-91.64M	-34.74M	-42.39M	—	-11.60M
Investing & Financing
Investing Cash Flow	-148.31M	-477.58M	-45.09M	—	135.84M
Financing Cash Flow	-302.67M	-269.61M	-186.75M	—	-133.05M
Dividends Paid	-295.32M	-244.61M	-161.75M	—	-233.04M
Operating Activities
Operating Cash Flow	412.82M	333.06M	386.52M	—	-49.40M
Net Income	474.12M	411.04M	334.23M	—	-58.88M
Change in Accounts Payable	2.57M	0.94M	-4.40M	—	-2.78M
Change in Accounts Receivable	-52.20M	2.63M	26.96M	—	6.42M
Change in Inventory	-628.43K	47.36K	-441.37K	—	-161.57K
Change in Other Net Operating Assets	5.70M	-56.56M	10.02M	—	-16.32M
Change in Unearned Revenue	9.81M	-0.16M	4.16M	—	-3.46M
Change in Working Capital	-34.75M	-53.11M	36.29M	—	-16.31M
Other Operating Activities	-18.20M	-48.27M	-8.54M	—	-28.88M
Provision & Write-off of Bad Debts	-1.97M	0.21M	-9.33M	—	25.62M
Depreciation & Amortization	37.09M	35.88M	32.97M	—	30.16M
Cash Interest Paid	—	6.13M	2.48M	—	—
Loss (Gain) on Equity Investments	-30.51M	-8.19M	—	—	—
Asset Writedown & Restructuring Costs	—	—	764.73K	—	—
Investing Activities
Investing Cash Flow	-148.31M	-477.58M	-45.09M	—	135.84M
Capital Expenditures	-91.64M	-34.74M	-42.39M	—	-11.60M
Investment in Securities	-75.27M	-449.15M	—	—	148.98M
Other Investing Activities	20.66M	9.38M	-2.48M	—	—
Sale (Purchase) of Real Estate	-2.06M	-3.09M	-0.22M	—	-1.56M
Sale of Property, Plant & Equipment	—	13.91K	4.99K	—	16.00K
Loss (Gain) From Sale of Assets	5.19M	0.12M	0.14M	—	-0.02M
Loss (Gain) on Sale of Investments	-18.14M	-4.62M	—	—	-1.10M
Financing Activities
Financing Cash Flow	-302.67M	-269.61M	-186.75M	—	-133.05M
Common Dividends Paid	-295.32M	-244.61M	-161.75M	—	-233.04M
Long-Term Debt Issued	25.00M	135.00M	—	—	100.00M
Long-Term Debt Repaid	-25.88M	-160.00M	-25.00M	—	—
Net Debt Issued (Repaid)	-0.88M	-25.00M	-25.00M	—	100.00M
Other Financing Activities	-6.48M	—	—	—	—
Free Cash Flow & Returns
Free Cash Flow	321.18M	298.33M	344.13M	—	-61.00M
Free Cash Flow Growth	+7.7%	-13.3%	—	—	—
Free Cash Flow Margin	+29.9%	+35.7%	+47.1%	—	-49.4%
Free Cash Flow Per Share	1.61	1.49	1.72	—	-0.31
Levered Free Cash Flow	173.42M	162.37M	536.32M	—	-21.53M
Unlevered Free Cash Flow	178.33M	164.47M	536.32M	—	-20.27M
Operating Cash Flow Growth	+23.9%	-13.8%	—	—	—
Net Cash Flow	-38.17M	-414.13M	154.69M	—	-46.61M

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	2020Dec 15, 2020
Operations
Operating Cash Flow	412.82M	333.06M	386.52M	—	-49.40M
Free Cash Flow	321.18M	298.33M	344.13M	—	-61.00M
Capital Expenditures	-91.64M	-34.74M	-42.39M	—	-11.60M
Investing & Financing
Investing Cash Flow	-148.31M	-477.58M	-45.09M	—	135.84M
Financing Cash Flow	-302.67M	-269.61M	-186.75M	—	-133.05M
Dividends Paid	-295.32M	-244.61M	-161.75M	—	-233.04M
Operating Activities
Operating Cash Flow	412.82M	333.06M	386.52M	—	-49.40M
Net Income	474.12M	411.04M	334.23M	—	-58.88M
Change in Accounts Payable	2.57M	0.94M	-4.40M	—	-2.78M
Change in Accounts Receivable	-52.20M	2.63M	26.96M	—	6.42M
Change in Inventory	-628.43K	47.36K	-441.37K	—	-161.57K
Change in Other Net Operating Assets	5.70M	-56.56M	10.02M	—	-16.32M
Change in Unearned Revenue	9.81M	-0.16M	4.16M	—	-3.46M
Change in Working Capital	-34.75M	-53.11M	36.29M	—	-16.31M
Other Operating Activities	-18.20M	-48.27M	-8.54M	—	-28.88M
Provision & Write-off of Bad Debts	-1.97M	0.21M	-9.33M	—	25.62M
Depreciation & Amortization	37.09M	35.88M	32.97M	—	30.16M
Cash Interest Paid	—	6.13M	2.48M	—	—
Loss (Gain) on Equity Investments	-30.51M	-8.19M	—	—	—
Asset Writedown & Restructuring Costs	—	—	764.73K	—	—
Investing Activities
Investing Cash Flow	-148.31M	-477.58M	-45.09M	—	135.84M
Capital Expenditures	-91.64M	-34.74M	-42.39M	—	-11.60M
Investment in Securities	-75.27M	-449.15M	—	—	148.98M
Other Investing Activities	20.66M	9.38M	-2.48M	—	—
Sale (Purchase) of Real Estate	-2.06M	-3.09M	-0.22M	—	-1.56M
Sale of Property, Plant & Equipment	—	13.91K	4.99K	—	16.00K
Loss (Gain) From Sale of Assets	5.19M	0.12M	0.14M	—	-0.02M
Loss (Gain) on Sale of Investments	-18.14M	-4.62M	—	—	-1.10M
Financing Activities
Financing Cash Flow	-302.67M	-269.61M	-186.75M	—	-133.05M
Common Dividends Paid	-295.32M	-244.61M	-161.75M	—	-233.04M
Long-Term Debt Issued	25.00M	135.00M	—	—	100.00M
Long-Term Debt Repaid	-25.88M	-160.00M	-25.00M	—	—
Net Debt Issued (Repaid)	-0.88M	-25.00M	-25.00M	—	100.00M
Other Financing Activities	-6.48M	—	—	—	—
Free Cash Flow & Returns
Free Cash Flow	321.18M	298.33M	344.13M	—	-61.00M
Free Cash Flow Growth	+7.7%	-13.3%	—	—	—
Free Cash Flow Margin	+29.9%	+35.7%	+47.1%	—	-49.4%
Free Cash Flow Per Share	1.61	1.49	1.72	—	-0.31
Levered Free Cash Flow	173.42M	162.37M	536.32M	—	-21.53M
Unlevered Free Cash Flow	178.33M	164.47M	536.32M	—	-20.27M
Operating Cash Flow Growth	+23.9%	-13.8%	—	—	—
Net Cash Flow	-38.17M	-414.13M	154.69M	—	-46.61M