RETAL

Retal Urban Development Company

4322StocksTadawulReal 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	2.44B	2.06B	1.37B	1.11B	1.09B
Cost of Revenue	2.09B	1.56B	0.99B	0.80B	0.84B
Gross Profit	345.19M	499.66M	379.29M	303.23M	245.46M
SG&A	—	157.76M	128.40M	79.19M	64.10M
Operating Expenses	—	160.34M	134.86M	79.19M	64.10M
Operating Income	345.19M	339.32M	244.43M	224.04M	181.37M
Interest Expense	—	-120.51M	-98.96M	-20.15M	-2.94M
Other Income/Expense	—	1.90M	2.96M	7.28M	3.93M
Pretax Income	345.19M	295.46M	218.14M	256.64M	187.86M
Income Tax	20.70M	12.53M	10.20M	10.90M	8.46M
Net Income	293.31M	266.13M	202.35M	245.74M	193.72M
EBITDA	372.79M	356.14M	254.26M	230.95M	187.31M
EBIT	345.19M	339.32M	244.43M	224.04M	181.37M
EPS (Basic)	0.59	0.53	0.40	0.49	0.39
EPS (Diluted)	0.59	0.53	0.40	0.49	0.39
DPS	—	0.27	0.32	0.40	—
Margins & Efficiency
Gross Margin %	+14.2%	+24.2%	+27.7%	+27.4%	+22.6%
EBITDA Margin %	+15.3%	+17.3%	+18.6%	+20.9%	+17.3%
Net Margin %	+12.0%	+12.9%	+14.8%	+22.2%	+17.8%
Revenue & Income
Revenue	2.44B	2.06B	1.37B	1.11B	1.09B
Revenue Growth (YoY)	+18.2%	+50.9%	+23.5%	+2.0%	+84.8%
Earnings From Equity Investments	—	71.11M	64.81M	34.64M	1.82M
Gain (Loss) on Sale of Investments	—	3.65M	4.91M	10.83M	3.69M
Expenses & Provisions
Cost of Revenue	2.09B	1.56B	0.99B	0.80B	0.84B
Selling, General & Admin	—	157.76M	128.40M	79.19M	64.10M
Operating Expenses	—	160.34M	134.86M	79.19M	64.10M
Interest Expense	—	-120.51M	-98.96M	-20.15M	-2.94M
Other Non Operating Income (Expenses)	—	1.90M	2.96M	7.28M	3.93M
D&A For EBITDA	27.60M	16.83M	9.83M	6.91M	5.95M
Profitability & Returns
Gross Profit	345.19M	499.66M	379.29M	303.23M	245.46M
Gross Margin	+14.2%	+24.2%	+27.7%	+27.4%	+22.6%
EBIT	345.19M	339.32M	244.43M	224.04M	181.37M
EBIT Margin	+14.2%	+16.4%	+17.9%	+20.2%	+16.7%
EBITDA	372.79M	356.14M	254.26M	230.95M	187.31M
EBITDA Margin	+15.3%	+17.3%	+18.6%	+20.9%	+17.3%
EBT Excluding Unusual Items	345.19M	291.81M	213.23M	245.81M	184.17M
Pretax Income	345.19M	295.46M	218.14M	256.64M	187.86M
Operating Income	345.19M	339.32M	244.43M	224.04M	181.37M
Operating Margin	+14.2%	+16.4%	+17.9%	+20.2%	+16.7%
Profit Margin	+12.0%	+12.9%	+14.8%	+22.2%	+17.8%
Net Income	293.31M	266.13M	202.35M	245.74M	193.72M
Net Income to Common	293.31M	266.13M	202.35M	245.74M	193.72M
Net Income to Company	324.50M	282.93M	207.94M	245.74M	193.33M
Net Income Growth	+10.2%	+31.5%	-17.7%	+26.9%	+96.4%
Earnings From Continuing Ops.	324.50M	282.93M	207.94M	245.74M	179.40M
Earnings From Discontinued Ops.	—	—	—	—	13.94M
Minority Interest in Earnings	-31.19M	-16.81M	-5.59M	—	0.39M
Income Tax Expense	20.70M	12.53M	10.20M	10.90M	8.46M
Effective Tax Rate	+6.0%	+4.2%	+4.7%	+4.2%	+4.5%
Per Share & Capital
EPS (Basic)	0.59	0.53	0.40	0.49	0.39
EPS (Diluted)	0.59	0.53	0.40	0.49	0.39
EPS Growth	+11.3%	+32.5%	-18.6%	+26.2%	+34.6%
Dividend Per Share	—	0.27	0.32	0.40	—
Shares Change (YoY)	-0.01	—	—	0.01	0.46
Shares Outstanding (Basic)	497.13M	499.90M	500.00M	500.00M	497.41M
Shares Outstanding (Diluted)	497.13M	500.00M	500.00M	500.00M	497.41M
Dividend Growth	—	-15.6%	-20.0%	—	—
Free Cash Flow	442.11M	-38.78M	-194.01M	-43.47M	102.16M
Free Cash Flow Margin	+18.1%	-1.9%	-14.2%	-3.9%	+9.4%
Free Cash Flow Per Share	0.89	-0.08	-0.39	-0.09	0.21
Payout Ratio	—	+60.1%	+98.8%	+32.6%	+76.3%

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	2.44B	2.06B	1.37B	1.11B	1.09B
Cost of Revenue	2.09B	1.56B	0.99B	0.80B	0.84B
Gross Profit	345.19M	499.66M	379.29M	303.23M	245.46M
SG&A	—	157.76M	128.40M	79.19M	64.10M
Operating Expenses	—	160.34M	134.86M	79.19M	64.10M
Operating Income	345.19M	339.32M	244.43M	224.04M	181.37M
Interest Expense	—	-120.51M	-98.96M	-20.15M	-2.94M
Other Income/Expense	—	1.90M	2.96M	7.28M	3.93M
Pretax Income	345.19M	295.46M	218.14M	256.64M	187.86M
Income Tax	20.70M	12.53M	10.20M	10.90M	8.46M
Net Income	293.31M	266.13M	202.35M	245.74M	193.72M
EBITDA	372.79M	356.14M	254.26M	230.95M	187.31M
EBIT	345.19M	339.32M	244.43M	224.04M	181.37M
EPS (Basic)	0.59	0.53	0.40	0.49	0.39
EPS (Diluted)	0.59	0.53	0.40	0.49	0.39
DPS	—	0.27	0.32	0.40	—
Margins & Efficiency
Gross Margin %	+14.2%	+24.2%	+27.7%	+27.4%	+22.6%
EBITDA Margin %	+15.3%	+17.3%	+18.6%	+20.9%	+17.3%
Net Margin %	+12.0%	+12.9%	+14.8%	+22.2%	+17.8%
Revenue & Income
Revenue	2.44B	2.06B	1.37B	1.11B	1.09B
Revenue Growth (YoY)	+18.2%	+50.9%	+23.5%	+2.0%	+84.8%
Earnings From Equity Investments	—	71.11M	64.81M	34.64M	1.82M
Gain (Loss) on Sale of Investments	—	3.65M	4.91M	10.83M	3.69M
Expenses & Provisions
Cost of Revenue	2.09B	1.56B	0.99B	0.80B	0.84B
Selling, General & Admin	—	157.76M	128.40M	79.19M	64.10M
Operating Expenses	—	160.34M	134.86M	79.19M	64.10M
Interest Expense	—	-120.51M	-98.96M	-20.15M	-2.94M
Other Non Operating Income (Expenses)	—	1.90M	2.96M	7.28M	3.93M
D&A For EBITDA	27.60M	16.83M	9.83M	6.91M	5.95M
Profitability & Returns
Gross Profit	345.19M	499.66M	379.29M	303.23M	245.46M
Gross Margin	+14.2%	+24.2%	+27.7%	+27.4%	+22.6%
EBIT	345.19M	339.32M	244.43M	224.04M	181.37M
EBIT Margin	+14.2%	+16.4%	+17.9%	+20.2%	+16.7%
EBITDA	372.79M	356.14M	254.26M	230.95M	187.31M
EBITDA Margin	+15.3%	+17.3%	+18.6%	+20.9%	+17.3%
EBT Excluding Unusual Items	345.19M	291.81M	213.23M	245.81M	184.17M
Pretax Income	345.19M	295.46M	218.14M	256.64M	187.86M
Operating Income	345.19M	339.32M	244.43M	224.04M	181.37M
Operating Margin	+14.2%	+16.4%	+17.9%	+20.2%	+16.7%
Profit Margin	+12.0%	+12.9%	+14.8%	+22.2%	+17.8%
Net Income	293.31M	266.13M	202.35M	245.74M	193.72M
Net Income to Common	293.31M	266.13M	202.35M	245.74M	193.72M
Net Income to Company	324.50M	282.93M	207.94M	245.74M	193.33M
Net Income Growth	+10.2%	+31.5%	-17.7%	+26.9%	+96.4%
Earnings From Continuing Ops.	324.50M	282.93M	207.94M	245.74M	179.40M
Earnings From Discontinued Ops.	—	—	—	—	13.94M
Minority Interest in Earnings	-31.19M	-16.81M	-5.59M	—	0.39M
Income Tax Expense	20.70M	12.53M	10.20M	10.90M	8.46M
Effective Tax Rate	+6.0%	+4.2%	+4.7%	+4.2%	+4.5%
Per Share & Capital
EPS (Basic)	0.59	0.53	0.40	0.49	0.39
EPS (Diluted)	0.59	0.53	0.40	0.49	0.39
EPS Growth	+11.3%	+32.5%	-18.6%	+26.2%	+34.6%
Dividend Per Share	—	0.27	0.32	0.40	—
Shares Change (YoY)	-0.01	—	—	0.01	0.46
Shares Outstanding (Basic)	497.13M	499.90M	500.00M	500.00M	497.41M
Shares Outstanding (Diluted)	497.13M	500.00M	500.00M	500.00M	497.41M
Dividend Growth	—	-15.6%	-20.0%	—	—
Free Cash Flow	442.11M	-38.78M	-194.01M	-43.47M	102.16M
Free Cash Flow Margin	+18.1%	-1.9%	-14.2%	-3.9%	+9.4%
Free Cash Flow Per Share	0.89	-0.08	-0.39	-0.09	0.21
Payout Ratio	—	+60.1%	+98.8%	+32.6%	+76.3%