ALANDALUS

Alandalus Property Co.

4320StocksTadawulReal 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
Operations
Operating Cash Flow	166.40M	148.81M	153.37M	114.15M	181.59M
Real Estate Asset Acquisitions	-64.94M	-46.98M	-274.96M	-46.77M	-6.41M
Investing & Financing
Investing Cash Flow	-18.61M	-211.24M	-203.10M	-86.71M	-89.93M
Dividends Paid	-46.67M	-23.33M	-46.67M	-46.67M	-58.33M
Operating Activities
Operating Cash Flow	166.40M	148.81M	153.37M	114.15M	181.59M
Net Income	-18.27M	-31.60M	36.42M	66.77M	67.98M
Change Accounts Receivable RE	15.85M	8.17M	-2.05M	-26.53M	-15.78M
Change in Working Capital	22.14M	-1.87M	10.32M	-46.09M	17.26M
Change Other Net Oper Assets RE	-1.04M	-13.16M	8.22M	-19.41M	23.16M
Other Operating Activities RE	103.23M	98.87M	89.25M	84.29M	70.28M
Depreciation & Amortization	38.93M	40.53M	34.18M	33.08M	34.01M
Other Amortization	—	—	—	—	14.06M
Cash Interest Paid	64.95M	70.96M	51.81M	11.96M	—
Loss (Gain) on Equity Investments	11.49M	33.91M	-24.05M	-25.80M	-27.25M
Asset Writedown Cfre	3.00M	8.00M	—	-1.84M	-1.95M
Investing Activities
Investing Cash Flow	-18.61M	-211.24M	-203.10M	-86.71M	-89.93M
Invest In Securities RE	34.09M	-141.21M	71.86M	-39.94M	-83.53M
Other Investing Activities RE	—	-23.05M	—	—	—
Acquisition Real Estate Assets	-64.94M	-46.98M	-274.96M	-46.77M	-6.41M
Net Sale Acquisition Real Estate Assets	-64.94M	-46.98M	-274.96M	-46.77M	-6.41M
Gain Assets Cfre	-3.96M	—	—	—	—
Loss (Gain) on Sale of Investments	—	-0.93M	-3.75M	-1.13M	-0.03M
Financing Activities
Common Dividends Paid	-46.67M	-23.33M	-46.67M	-46.67M	-58.33M
Long-Term Debt Issued	27.29M	54.00M	214.24M	30.48M	42.68M
Long-Term Debt Repaid	-5.12M	-6.84M	-4.57M	-30.81M	-28.70M
Net Debt Issued (Repaid)	22.17M	47.16M	209.66M	-0.33M	13.98M
Other Financing Activities RE	-84.30M	-92.46M	-75.46M	-42.06M	-29.03M
Free Cash Flow & Returns
Levered Free Cash Flow	64.49M	26.02M	82.81M	46.95M	134.70M
Unlevered Free Cash Flow	106.19M	68.68M	115.42M	67.45M	137.10M
Operating Cash Flow Growth	+11.8%	-3.0%	+34.4%	-37.1%	+54.3%
Net Cash Flow	39.00M	-131.06M	37.80M	-61.62M	18.28M

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
Operations
Operating Cash Flow	166.40M	148.81M	153.37M	114.15M	181.59M
Real Estate Asset Acquisitions	-64.94M	-46.98M	-274.96M	-46.77M	-6.41M
Investing & Financing
Investing Cash Flow	-18.61M	-211.24M	-203.10M	-86.71M	-89.93M
Dividends Paid	-46.67M	-23.33M	-46.67M	-46.67M	-58.33M
Operating Activities
Operating Cash Flow	166.40M	148.81M	153.37M	114.15M	181.59M
Net Income	-18.27M	-31.60M	36.42M	66.77M	67.98M
Change Accounts Receivable RE	15.85M	8.17M	-2.05M	-26.53M	-15.78M
Change in Working Capital	22.14M	-1.87M	10.32M	-46.09M	17.26M
Change Other Net Oper Assets RE	-1.04M	-13.16M	8.22M	-19.41M	23.16M
Other Operating Activities RE	103.23M	98.87M	89.25M	84.29M	70.28M
Depreciation & Amortization	38.93M	40.53M	34.18M	33.08M	34.01M
Other Amortization	—	—	—	—	14.06M
Cash Interest Paid	64.95M	70.96M	51.81M	11.96M	—
Loss (Gain) on Equity Investments	11.49M	33.91M	-24.05M	-25.80M	-27.25M
Asset Writedown Cfre	3.00M	8.00M	—	-1.84M	-1.95M
Investing Activities
Investing Cash Flow	-18.61M	-211.24M	-203.10M	-86.71M	-89.93M
Invest In Securities RE	34.09M	-141.21M	71.86M	-39.94M	-83.53M
Other Investing Activities RE	—	-23.05M	—	—	—
Acquisition Real Estate Assets	-64.94M	-46.98M	-274.96M	-46.77M	-6.41M
Net Sale Acquisition Real Estate Assets	-64.94M	-46.98M	-274.96M	-46.77M	-6.41M
Gain Assets Cfre	-3.96M	—	—	—	—
Loss (Gain) on Sale of Investments	—	-0.93M	-3.75M	-1.13M	-0.03M
Financing Activities
Common Dividends Paid	-46.67M	-23.33M	-46.67M	-46.67M	-58.33M
Long-Term Debt Issued	27.29M	54.00M	214.24M	30.48M	42.68M
Long-Term Debt Repaid	-5.12M	-6.84M	-4.57M	-30.81M	-28.70M
Net Debt Issued (Repaid)	22.17M	47.16M	209.66M	-0.33M	13.98M
Other Financing Activities RE	-84.30M	-92.46M	-75.46M	-42.06M	-29.03M
Free Cash Flow & Returns
Levered Free Cash Flow	64.49M	26.02M	82.81M	46.95M	134.70M
Unlevered Free Cash Flow	106.19M	68.68M	115.42M	67.45M	137.10M
Operating Cash Flow Growth	+11.8%	-3.0%	+34.4%	-37.1%	+54.3%
Net Cash Flow	39.00M	-131.06M	37.80M	-61.62M	18.28M