ARDCO

Arriyadh Development Co.

4150StocksTadawulReal 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	2021Dec 31, 2021
Operating Summary
Revenue	384.16M	321.52M	339.19M	258.90M	250.91M
Cost of Revenue	121.79M	123.80M	124.24M	90.18M	79.54M
Gross Profit	262.37M	197.72M	214.95M	168.72M	171.37M
SG&A	70.31M	73.77M	54.51M	47.27M	28.19M
Operating Expenses	71.09M	82.83M	67.84M	60.72M	33.92M
Operating Income	191.28M	114.89M	147.11M	108.00M	137.45M
Interest Income	56.91M	57.46M	37.92M	21.60M	5.19M
Interest Expense	-3.03M	-2.51M	-2.71M	-2.90M	-3.08M
Other Income/Expense	4.32M	1.42M	12.04M	0.39M	0.44M
Pretax Income	320.60M	326.40M	291.86M	313.04M	327.62M
Income Tax	24.53M	30.20M	20.32M	12.69M	9.31M
Net Income	296.06M	296.20M	271.54M	300.36M	318.31M
EBITDA	229.03M	154.81M	185.47M	141.89M	167.57M
EBIT	191.28M	114.89M	147.11M	108.00M	137.45M
EPS (Basic)	1.30	1.67	1.53	1.69	1.79
EPS (Diluted)	1.30	1.67	1.53	1.69	1.79
DPS	—	0.50	0.50	0.50	1.50
Margins & Efficiency
Gross Margin %	+68.3%	+61.5%	+63.4%	+65.2%	+68.3%
EBITDA Margin %	+59.6%	+48.2%	+54.7%	+54.8%	+66.8%
Net Margin %	+77.1%	+92.1%	+80.1%	+116.0%	+126.9%
Revenue & Income
Revenue	384.16M	321.52M	339.19M	258.90M	250.91M
Revenue Growth (YoY)	+19.5%	-5.2%	+31.0%	+3.2%	+5.5%
Interest & Investment Income	56.91M	57.46M	37.92M	21.60M	5.19M
Earnings From Equity Investments	47.99M	125.86M	97.50M	190.47M	226.52M
Gain (Loss) on Sale of Assets	—	17.19M	—	—	0.03M
Gain (Loss) on Sale of Investments	2.00M	—	—	—	—
Expenses & Provisions
Cost of Revenue	121.79M	123.80M	124.24M	90.18M	79.54M
Selling, General & Admin	70.31M	73.77M	54.51M	47.27M	28.19M
Operating Expenses	71.09M	82.83M	67.84M	60.72M	33.92M
Other Operating Expenses	—	—	—	—	—
Interest Expense	-3.03M	-2.51M	-2.71M	-2.90M	-3.08M
Other Non Operating Income (Expenses)	4.32M	1.42M	12.04M	0.39M	0.44M
Legal Settlements	-0.45M	-14.68M	—	-4.51M	-37.27M
Asset Writedown	—	—	—	—	-1.66M
D&A For EBITDA	37.76M	39.92M	38.36M	33.89M	30.12M
Profitability & Returns
Gross Profit	262.37M	197.72M	214.95M	168.72M	171.37M
Gross Margin	+68.3%	+61.5%	+63.4%	+65.2%	+68.3%
EBIT	191.28M	114.89M	147.11M	108.00M	137.45M
EBIT Margin	+49.8%	+35.7%	+43.4%	+41.7%	+54.8%
EBITDA	229.03M	154.81M	185.47M	141.89M	167.57M
EBITDA Margin	+59.6%	+48.2%	+54.7%	+54.8%	+66.8%
EBT Excluding Unusual Items	297.46M	297.12M	291.86M	317.55M	366.52M
Pretax Income	320.60M	326.40M	291.86M	313.04M	327.62M
Operating Income	191.28M	114.89M	147.11M	108.00M	137.45M
Operating Margin	+49.8%	+35.7%	+43.4%	+41.7%	+54.8%
Profit Margin	+77.1%	+92.1%	+80.1%	+116.0%	+126.9%
Net Income	296.06M	296.20M	271.54M	300.36M	318.31M
Net Income to Common	296.06M	296.20M	271.54M	300.36M	318.31M
Net Income Growth	0.0%	+9.1%	-9.6%	-5.6%	+39.7%
Earnings From Continuing Ops.	296.06M	296.20M	271.54M	300.36M	318.31M
Income Tax Expense	24.53M	30.20M	20.32M	12.69M	9.31M
Effective Tax Rate	+7.7%	+9.3%	+7.0%	+4.1%	+2.8%
Per Share & Capital
EPS (Basic)	1.30	1.67	1.53	1.69	1.79
EPS (Diluted)	1.30	1.67	1.53	1.69	1.79
EPS Growth	-21.8%	+9.1%	-9.6%	-5.6%	+39.7%
Dividend Per Share	—	0.50	0.50	0.50	1.50
Shares Change (YoY)	0.28	—	—	—	—
Shares Outstanding (Basic)	227.16M	177.78M	177.78M	177.78M	177.78M
Shares Outstanding (Diluted)	227.16M	177.78M	177.78M	177.78M	177.78M
Dividend Growth	—	—	—	-66.7%	+30.4%
Free Cash Flow	139.87M	52.59M	219.91M	104.52M	141.30M
Free Cash Flow Margin	+36.4%	+16.4%	+64.8%	+40.4%	+56.3%
Free Cash Flow Per Share	0.62	0.30	1.24	0.59	0.80
Payout Ratio	+39.0%	+44.3%	+32.6%	+44.0%	+90.7%
Supplemental
Other Unusual Items	21.60M	26.77M	—	—	—

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	384.16M	321.52M	339.19M	258.90M	250.91M
Cost of Revenue	121.79M	123.80M	124.24M	90.18M	79.54M
Gross Profit	262.37M	197.72M	214.95M	168.72M	171.37M
SG&A	70.31M	73.77M	54.51M	47.27M	28.19M
Operating Expenses	71.09M	82.83M	67.84M	60.72M	33.92M
Operating Income	191.28M	114.89M	147.11M	108.00M	137.45M
Interest Income	56.91M	57.46M	37.92M	21.60M	5.19M
Interest Expense	-3.03M	-2.51M	-2.71M	-2.90M	-3.08M
Other Income/Expense	4.32M	1.42M	12.04M	0.39M	0.44M
Pretax Income	320.60M	326.40M	291.86M	313.04M	327.62M
Income Tax	24.53M	30.20M	20.32M	12.69M	9.31M
Net Income	296.06M	296.20M	271.54M	300.36M	318.31M
EBITDA	229.03M	154.81M	185.47M	141.89M	167.57M
EBIT	191.28M	114.89M	147.11M	108.00M	137.45M
EPS (Basic)	1.30	1.67	1.53	1.69	1.79
EPS (Diluted)	1.30	1.67	1.53	1.69	1.79
DPS	—	0.50	0.50	0.50	1.50
Margins & Efficiency
Gross Margin %	+68.3%	+61.5%	+63.4%	+65.2%	+68.3%
EBITDA Margin %	+59.6%	+48.2%	+54.7%	+54.8%	+66.8%
Net Margin %	+77.1%	+92.1%	+80.1%	+116.0%	+126.9%
Revenue & Income
Revenue	384.16M	321.52M	339.19M	258.90M	250.91M
Revenue Growth (YoY)	+19.5%	-5.2%	+31.0%	+3.2%	+5.5%
Interest & Investment Income	56.91M	57.46M	37.92M	21.60M	5.19M
Earnings From Equity Investments	47.99M	125.86M	97.50M	190.47M	226.52M
Gain (Loss) on Sale of Assets	—	17.19M	—	—	0.03M
Gain (Loss) on Sale of Investments	2.00M	—	—	—	—
Expenses & Provisions
Cost of Revenue	121.79M	123.80M	124.24M	90.18M	79.54M
Selling, General & Admin	70.31M	73.77M	54.51M	47.27M	28.19M
Operating Expenses	71.09M	82.83M	67.84M	60.72M	33.92M
Other Operating Expenses	—	—	—	—	—
Interest Expense	-3.03M	-2.51M	-2.71M	-2.90M	-3.08M
Other Non Operating Income (Expenses)	4.32M	1.42M	12.04M	0.39M	0.44M
Legal Settlements	-0.45M	-14.68M	—	-4.51M	-37.27M
Asset Writedown	—	—	—	—	-1.66M
D&A For EBITDA	37.76M	39.92M	38.36M	33.89M	30.12M
Profitability & Returns
Gross Profit	262.37M	197.72M	214.95M	168.72M	171.37M
Gross Margin	+68.3%	+61.5%	+63.4%	+65.2%	+68.3%
EBIT	191.28M	114.89M	147.11M	108.00M	137.45M
EBIT Margin	+49.8%	+35.7%	+43.4%	+41.7%	+54.8%
EBITDA	229.03M	154.81M	185.47M	141.89M	167.57M
EBITDA Margin	+59.6%	+48.2%	+54.7%	+54.8%	+66.8%
EBT Excluding Unusual Items	297.46M	297.12M	291.86M	317.55M	366.52M
Pretax Income	320.60M	326.40M	291.86M	313.04M	327.62M
Operating Income	191.28M	114.89M	147.11M	108.00M	137.45M
Operating Margin	+49.8%	+35.7%	+43.4%	+41.7%	+54.8%
Profit Margin	+77.1%	+92.1%	+80.1%	+116.0%	+126.9%
Net Income	296.06M	296.20M	271.54M	300.36M	318.31M
Net Income to Common	296.06M	296.20M	271.54M	300.36M	318.31M
Net Income Growth	0.0%	+9.1%	-9.6%	-5.6%	+39.7%
Earnings From Continuing Ops.	296.06M	296.20M	271.54M	300.36M	318.31M
Income Tax Expense	24.53M	30.20M	20.32M	12.69M	9.31M
Effective Tax Rate	+7.7%	+9.3%	+7.0%	+4.1%	+2.8%
Per Share & Capital
EPS (Basic)	1.30	1.67	1.53	1.69	1.79
EPS (Diluted)	1.30	1.67	1.53	1.69	1.79
EPS Growth	-21.8%	+9.1%	-9.6%	-5.6%	+39.7%
Dividend Per Share	—	0.50	0.50	0.50	1.50
Shares Change (YoY)	0.28	—	—	—	—
Shares Outstanding (Basic)	227.16M	177.78M	177.78M	177.78M	177.78M
Shares Outstanding (Diluted)	227.16M	177.78M	177.78M	177.78M	177.78M
Dividend Growth	—	—	—	-66.7%	+30.4%
Free Cash Flow	139.87M	52.59M	219.91M	104.52M	141.30M
Free Cash Flow Margin	+36.4%	+16.4%	+64.8%	+40.4%	+56.3%
Free Cash Flow Per Share	0.62	0.30	1.24	0.59	0.80
Payout Ratio	+39.0%	+44.3%	+32.6%	+44.0%	+90.7%
Supplemental
Other Unusual Items	21.60M	26.77M	—	—	—