BANAN

Banan Real Estate Company

4324StocksTadawulReal 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	56.85M	74.65M	32.61M	37.28M	17.55M
Real Estate Asset Acquisitions	-12.36M	-4.12M	-3.76M	-8.22M	-122.83M
Real Estate Asset Sales	3.40M	6.72M	2.82M	12.89M	—
Investing & Financing
Investing Cash Flow	-49.89M	7.96M	-2.93M	26.20M	-107.30M
Dividends Paid	-23.41M	-17.47M	-4.00M	-12.00M	-5.00M
Share Repurchase	—	-1.50M	—	—	—
Operating Activities
Operating Cash Flow	56.85M	74.65M	32.61M	37.28M	17.55M
Net Income	34.49M	35.63M	28.77M	28.22M	24.33M
Change Accounts Payable RE	0.87M	3.02M	4.99M	-0.73M	3.17M
Change Accounts Receivable RE	-2.74M	-0.25M	-0.97M	-1.21M	-0.37M
Change in Working Capital	-6.08M	15.34M	-13.04M	-6.28M	2.54M
Change Other Net Oper Assets RE	-6.32M	-5.86M	1.38M	-4.34M	-0.26M
Other Operating Activities RE	21.23M	15.52M	15.43M	12.47M	0.28M
Depreciation & Amortization	10.77M	7.71M	7.60M	7.12M	2.60M
Other Amortization	—	23.55K	24.00K	12.40K	23.03K
Cash Interest Paid	—	4.41M	6.17M	4.70M	0.11M
Miscellaneous Cash Flow Adjustments	4.45M	—	—	—	6.74M
Net Cash from Discontinued Operations	—	—	—	—	—
Loss (Gain) on Equity Investments	-2.20M	-3.16M	-3.55M	-0.29M	-11.76M
Asset Writedown Cfre	—	3.51M	-2.41M	-1.07M	0.07M
Investing Activities
Investing Cash Flow	-49.89M	7.96M	-2.93M	26.20M	-107.30M
Cash Acquisitions	-55.49M	—	—	—	—
Invest In Securities RE	14.56M	-0.26M	-2.17M	21.31M	9.79M
Other Investing Activities RE	—	5.63M	0.18M	0.30M	5.74M
Sale Real Estate Assets	3.40M	6.72M	2.82M	12.89M	—
Acquisition Real Estate Assets	-12.36M	-4.12M	-3.76M	-8.22M	-122.83M
Net Sale Acquisition Real Estate Assets	-8.96M	2.59M	-0.94M	4.68M	-122.83M
Gain Assets Cfre	0.17M	-1.51M	-0.32M	0.66M	—
Loss (Gain) on Sale of Investments	-1.70M	-0.55M	-0.47M	-3.79M	-0.53M
Financing Activities
Common Dividends Paid	-23.41M	-17.47M	-4.00M	-12.00M	-5.00M
Issuance of Common Stock	1.43M	—	—	—	—
Repurchase of Common Stock	—	-1.50M	—	—	—
Long-Term Debt Issued	16.00M	—	51.28M	13.57M	93.82M
Short-Term Debt Issued	—	2.50M	10.00M	8.00M	—
Total Debt Issued	16.00M	2.50M	61.28M	21.57M	93.82M
Long-Term Debt Repaid	-55.27M	-51.25M	-45.59M	-58.22M	-5.50M
Short-Term Debt Repaid	—	-2.50M	-15.00M	-19.01M	—
Total Debt Repaid	-55.27M	-53.75M	-60.59M	-77.23M	-5.50M
Net Debt Issued (Repaid)	-39.27M	-51.25M	0.69M	-55.66M	88.32M
Other Financing Activities RE	39.00M	—	-6.48M	-6.48M	—
Free Cash Flow & Returns
Levered Free Cash Flow	30.38M	66.74M	32.86M	11.40M	32.99M
Unlevered Free Cash Flow	36.45M	69.51M	36.73M	14.33M	33.30M
Operating Cash Flow Growth	-23.9%	+128.9%	-12.5%	+112.5%	-30.2%
Net Cash Flow	-10.84M	12.38M	19.90M	-10.66M	0.30M

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	56.85M	74.65M	32.61M	37.28M	17.55M
Real Estate Asset Acquisitions	-12.36M	-4.12M	-3.76M	-8.22M	-122.83M
Real Estate Asset Sales	3.40M	6.72M	2.82M	12.89M	—
Investing & Financing
Investing Cash Flow	-49.89M	7.96M	-2.93M	26.20M	-107.30M
Dividends Paid	-23.41M	-17.47M	-4.00M	-12.00M	-5.00M
Share Repurchase	—	-1.50M	—	—	—
Operating Activities
Operating Cash Flow	56.85M	74.65M	32.61M	37.28M	17.55M
Net Income	34.49M	35.63M	28.77M	28.22M	24.33M
Change Accounts Payable RE	0.87M	3.02M	4.99M	-0.73M	3.17M
Change Accounts Receivable RE	-2.74M	-0.25M	-0.97M	-1.21M	-0.37M
Change in Working Capital	-6.08M	15.34M	-13.04M	-6.28M	2.54M
Change Other Net Oper Assets RE	-6.32M	-5.86M	1.38M	-4.34M	-0.26M
Other Operating Activities RE	21.23M	15.52M	15.43M	12.47M	0.28M
Depreciation & Amortization	10.77M	7.71M	7.60M	7.12M	2.60M
Other Amortization	—	23.55K	24.00K	12.40K	23.03K
Cash Interest Paid	—	4.41M	6.17M	4.70M	0.11M
Miscellaneous Cash Flow Adjustments	4.45M	—	—	—	6.74M
Net Cash from Discontinued Operations	—	—	—	—	—
Loss (Gain) on Equity Investments	-2.20M	-3.16M	-3.55M	-0.29M	-11.76M
Asset Writedown Cfre	—	3.51M	-2.41M	-1.07M	0.07M
Investing Activities
Investing Cash Flow	-49.89M	7.96M	-2.93M	26.20M	-107.30M
Cash Acquisitions	-55.49M	—	—	—	—
Invest In Securities RE	14.56M	-0.26M	-2.17M	21.31M	9.79M
Other Investing Activities RE	—	5.63M	0.18M	0.30M	5.74M
Sale Real Estate Assets	3.40M	6.72M	2.82M	12.89M	—
Acquisition Real Estate Assets	-12.36M	-4.12M	-3.76M	-8.22M	-122.83M
Net Sale Acquisition Real Estate Assets	-8.96M	2.59M	-0.94M	4.68M	-122.83M
Gain Assets Cfre	0.17M	-1.51M	-0.32M	0.66M	—
Loss (Gain) on Sale of Investments	-1.70M	-0.55M	-0.47M	-3.79M	-0.53M
Financing Activities
Common Dividends Paid	-23.41M	-17.47M	-4.00M	-12.00M	-5.00M
Issuance of Common Stock	1.43M	—	—	—	—
Repurchase of Common Stock	—	-1.50M	—	—	—
Long-Term Debt Issued	16.00M	—	51.28M	13.57M	93.82M
Short-Term Debt Issued	—	2.50M	10.00M	8.00M	—
Total Debt Issued	16.00M	2.50M	61.28M	21.57M	93.82M
Long-Term Debt Repaid	-55.27M	-51.25M	-45.59M	-58.22M	-5.50M
Short-Term Debt Repaid	—	-2.50M	-15.00M	-19.01M	—
Total Debt Repaid	-55.27M	-53.75M	-60.59M	-77.23M	-5.50M
Net Debt Issued (Repaid)	-39.27M	-51.25M	0.69M	-55.66M	88.32M
Other Financing Activities RE	39.00M	—	-6.48M	-6.48M	—
Free Cash Flow & Returns
Levered Free Cash Flow	30.38M	66.74M	32.86M	11.40M	32.99M
Unlevered Free Cash Flow	36.45M	69.51M	36.73M	14.33M	33.30M
Operating Cash Flow Growth	-23.9%	+128.9%	-12.5%	+112.5%	-30.2%
Net Cash Flow	-10.84M	12.38M	19.90M	-10.66M	0.30M