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
Operating Summary
Revenue	225.59M	201.98M	239.21M	241.91M	241.63M
Interest Income	—	—	5.00M	4.31M	—
Interest Expense	-66.71M	-68.25M	-52.18M	-32.81M	-26.32M
Pretax Income	-10.83M	-20.79M	54.61M	94.46M	98.82M
Income Tax	1.71M	2.95M	5.95M	7.17M	7.17M
Net Income	-18.27M	-31.60M	36.42M	66.77M	67.98M
Rental Revenue	237.08M	235.89M	215.16M	216.11M	214.39M
Property Expenses	94.11M	90.74M	77.45M	73.70M	69.36M
Operating Income	54.93M	52.75M	99.45M	121.11M	123.19M
EPS (Basic)	-0.20	-0.34	0.39	0.72	0.73
EPS (Diluted)	-0.20	-0.34	0.39	0.72	0.73
DPS	—	0.25	0.50	0.50	0.50
Margins & Efficiency
Net Margin %	-8.1%	-15.6%	+15.2%	+27.6%	+28.1%
Revenue & Income
Revenue Growth (YoY)	+11.7%	-15.6%	-1.1%	+0.1%	+24.6%
Revenue RE	225.59M	201.98M	239.21M	241.91M	241.63M
Rental Revenue	237.08M	235.89M	215.16M	216.11M	214.39M
Other Revenue RE	-11.49M	-33.91M	24.05M	25.80M	27.25M
Gain Assets RE	3.96M	—	—	—	—
Expenses & Provisions
SG&A RE	70.95M	61.18M	51.30M	43.26M	43.05M
Total Operating Expenses RE	170.66M	149.23M	139.75M	120.80M	118.44M
Interest Expense RE	-66.71M	-68.25M	-52.18M	-32.81M	-26.32M
Property Expenses	94.11M	90.74M	77.45M	73.70M	69.36M
Asset Writedown	-3.00M	-8.00M	—	1.84M	1.95M
D&A For EBITDA	34.24M	33.64M	28.03M	26.93M	27.86M
Profitability & Returns
EBIT	54.93M	52.75M	99.45M	121.11M	123.19M
EBIT Margin	+24.3%	+26.1%	+41.6%	+50.1%	+51.0%
EBITDA	89.16M	86.39M	127.48M	148.04M	151.05M
EBITDA Margin	+39.5%	+42.8%	+53.3%	+61.2%	+62.5%
EBT Excl RE	-11.79M	-15.49M	52.28M	92.62M	96.87M
Pretax Income	-10.83M	-20.79M	54.61M	94.46M	98.82M
Operating Income RE	54.93M	52.75M	99.45M	121.11M	123.19M
Operating Margin	+24.3%	+26.1%	+41.6%	+50.1%	+51.0%
Profit Margin	-8.1%	-15.6%	+15.2%	+27.6%	+28.1%
Net Income	-18.27M	-31.60M	36.42M	66.77M	67.98M
Net Income to Common	-18.27M	-31.60M	36.42M	66.77M	67.98M
Net Income Growth	—	—	-45.5%	-1.8%	+374.0%
Earnings From Continuing Ops.	-12.54M	-23.74M	48.66M	87.29M	91.65M
Minority Interest in Earnings	-5.73M	-7.86M	-12.24M	-20.52M	-23.67M
Income Tax Expense	1.71M	2.95M	5.95M	7.17M	7.17M
Effective Tax Rate	—	—	+10.9%	+7.6%	+7.3%
Net Interest Expense RE	-66.71M	-68.25M	-47.17M	-28.49M	-26.32M
Per Share & Capital
EPS (Basic)	-0.20	-0.34	0.39	0.72	0.73
EPS (Diluted)	-0.20	-0.34	0.39	0.72	0.73
EPS Growth	—	—	-45.5%	-1.8%	+374.0%
Dividend Per Share	—	0.25	0.50	0.50	0.50
Shares Outstanding (Basic)	93.33M	93.33M	93.33M	93.33M	93.33M
Shares Outstanding (Diluted)	93.33M	93.33M	93.33M	93.33M	93.33M
Dividend Growth	—	-50.0%	—	—	+33.3%
Payout Ratio	—	—	+128.1%	+69.9%	+85.8%
Supplemental
Int Inc RE	—	—	5.00M	4.31M	—
Other Operating Expenses RE	-4.24M	-4.59M	—	-1.02M	-1.20M
Other Unusual RE	—	2.70M	2.33M	—	—

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	225.59M	201.98M	239.21M	241.91M	241.63M
Interest Income	—	—	5.00M	4.31M	—
Interest Expense	-66.71M	-68.25M	-52.18M	-32.81M	-26.32M
Pretax Income	-10.83M	-20.79M	54.61M	94.46M	98.82M
Income Tax	1.71M	2.95M	5.95M	7.17M	7.17M
Net Income	-18.27M	-31.60M	36.42M	66.77M	67.98M
Rental Revenue	237.08M	235.89M	215.16M	216.11M	214.39M
Property Expenses	94.11M	90.74M	77.45M	73.70M	69.36M
Operating Income	54.93M	52.75M	99.45M	121.11M	123.19M
EPS (Basic)	-0.20	-0.34	0.39	0.72	0.73
EPS (Diluted)	-0.20	-0.34	0.39	0.72	0.73
DPS	—	0.25	0.50	0.50	0.50
Margins & Efficiency
Net Margin %	-8.1%	-15.6%	+15.2%	+27.6%	+28.1%
Revenue & Income
Revenue Growth (YoY)	+11.7%	-15.6%	-1.1%	+0.1%	+24.6%
Revenue RE	225.59M	201.98M	239.21M	241.91M	241.63M
Rental Revenue	237.08M	235.89M	215.16M	216.11M	214.39M
Other Revenue RE	-11.49M	-33.91M	24.05M	25.80M	27.25M
Gain Assets RE	3.96M	—	—	—	—
Expenses & Provisions
SG&A RE	70.95M	61.18M	51.30M	43.26M	43.05M
Total Operating Expenses RE	170.66M	149.23M	139.75M	120.80M	118.44M
Interest Expense RE	-66.71M	-68.25M	-52.18M	-32.81M	-26.32M
Property Expenses	94.11M	90.74M	77.45M	73.70M	69.36M
Asset Writedown	-3.00M	-8.00M	—	1.84M	1.95M
D&A For EBITDA	34.24M	33.64M	28.03M	26.93M	27.86M
Profitability & Returns
EBIT	54.93M	52.75M	99.45M	121.11M	123.19M
EBIT Margin	+24.3%	+26.1%	+41.6%	+50.1%	+51.0%
EBITDA	89.16M	86.39M	127.48M	148.04M	151.05M
EBITDA Margin	+39.5%	+42.8%	+53.3%	+61.2%	+62.5%
EBT Excl RE	-11.79M	-15.49M	52.28M	92.62M	96.87M
Pretax Income	-10.83M	-20.79M	54.61M	94.46M	98.82M
Operating Income RE	54.93M	52.75M	99.45M	121.11M	123.19M
Operating Margin	+24.3%	+26.1%	+41.6%	+50.1%	+51.0%
Profit Margin	-8.1%	-15.6%	+15.2%	+27.6%	+28.1%
Net Income	-18.27M	-31.60M	36.42M	66.77M	67.98M
Net Income to Common	-18.27M	-31.60M	36.42M	66.77M	67.98M
Net Income Growth	—	—	-45.5%	-1.8%	+374.0%
Earnings From Continuing Ops.	-12.54M	-23.74M	48.66M	87.29M	91.65M
Minority Interest in Earnings	-5.73M	-7.86M	-12.24M	-20.52M	-23.67M
Income Tax Expense	1.71M	2.95M	5.95M	7.17M	7.17M
Effective Tax Rate	—	—	+10.9%	+7.6%	+7.3%
Net Interest Expense RE	-66.71M	-68.25M	-47.17M	-28.49M	-26.32M
Per Share & Capital
EPS (Basic)	-0.20	-0.34	0.39	0.72	0.73
EPS (Diluted)	-0.20	-0.34	0.39	0.72	0.73
EPS Growth	—	—	-45.5%	-1.8%	+374.0%
Dividend Per Share	—	0.25	0.50	0.50	0.50
Shares Outstanding (Basic)	93.33M	93.33M	93.33M	93.33M	93.33M
Shares Outstanding (Diluted)	93.33M	93.33M	93.33M	93.33M	93.33M
Dividend Growth	—	-50.0%	—	—	+33.3%
Payout Ratio	—	—	+128.1%	+69.9%	+85.8%
Supplemental
Int Inc RE	—	—	5.00M	4.31M	—
Other Operating Expenses RE	-4.24M	-4.59M	—	-1.02M	-1.20M
Other Unusual RE	—	2.70M	2.33M	—	—