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
Operating Summary
Revenue	73.85M	96.10M	66.72M	59.58M	30.66M
Interest Income	—	1.22M	0.34M	0.38M	0.64M
Interest Expense	-9.71M	-4.43M	-6.20M	-4.70M	-0.48M
Pretax Income	47.12M	52.02M	45.08M	42.68M	25.08M
Income Tax	0.81M	1.11M	1.18M	1.91M	0.75M
Net Income	34.49M	35.63M	28.77M	28.22M	24.33M
Rental Revenue	73.85M	92.95M	63.17M	59.29M	18.90M
Property Expenses	12.84M	28.26M	10.94M	11.38M	2.61M
Operating Income	51.59M	56.41M	47.54M	42.36M	24.45M
EPS (Basic)	0.17	0.18	0.14	0.14	0.12
EPS (Diluted)	0.17	0.18	0.14	0.14	0.12
DPS	—	0.06	0.06	0.05	0.06
Margins & Efficiency
Net Margin %	+46.7%	+37.1%	+43.1%	+47.4%	+79.3%
Revenue & Income
Revenue Growth (YoY)	-23.1%	+44.0%	+12.0%	+94.3%	+72.2%
Revenue RE	73.85M	96.10M	66.72M	59.58M	30.66M
Rental Revenue	73.85M	92.95M	63.17M	59.29M	18.90M
Other Revenue RE	—	3.16M	3.55M	0.29M	11.76M
Gain Assets RE	1.23M	1.56M	0.30M	-0.66M	—
Gain Investments RE	1.70M	0.55M	0.47M	3.79M	0.53M
Expenses & Provisions
SG&A RE	9.26M	4.39M	2.91M	1.88M	1.96M
Total Operating Expenses RE	22.26M	39.69M	19.18M	17.22M	6.21M
Interest Expense RE	-9.71M	-4.43M	-6.20M	-4.70M	-0.48M
Other Non Oper Exp Suppl RE	1.50M	0.23M	0.22M	0.44M	0.01M
Property Expenses	12.84M	28.26M	10.94M	11.38M	2.61M
Asset Writedown	-1.40M	-3.51M	2.41M	1.07M	-0.07M
D&A For EBITDA	7.60M	7.59M	7.49M	7.12M	2.60M
Dep Amor RE	—	603.03K	491.70K	97.49K	110.50K
Profitability & Returns
EBIT	51.59M	56.41M	47.54M	42.36M	24.45M
EBIT Margin	+69.9%	+58.7%	+71.3%	+71.1%	+79.7%
EBITDA	59.19M	64.00M	55.04M	49.48M	27.06M
EBITDA Margin	+80.1%	+66.6%	+82.5%	+83.1%	+88.2%
EBT Excl RE	45.59M	53.42M	41.90M	38.49M	24.62M
Pretax Income	47.12M	52.02M	45.08M	42.68M	25.08M
Operating Income RE	51.59M	56.41M	47.54M	42.36M	24.45M
Operating Margin	+69.9%	+58.7%	+71.3%	+71.1%	+79.7%
Profit Margin	+46.7%	+37.1%	+43.1%	+47.4%	+79.3%
Net Income	34.49M	35.63M	28.77M	28.22M	24.33M
Net Income to Common	34.49M	35.63M	28.77M	28.22M	24.33M
Net Income to Company	46.31M	50.91M	43.90M	40.77M	24.33M
Net Income Growth	-3.2%	+23.9%	+2.0%	+16.0%	+47.5%
Earnings From Continuing Ops.	46.31M	50.91M	43.90M	40.77M	24.33M
Earnings From Discontinued Ops.	—	—	—	—	—
Minority Interest in Earnings	-11.82M	-15.28M	-15.13M	-12.56M	—
Income Tax Expense	0.81M	1.11M	1.18M	1.91M	0.75M
Effective Tax Rate	+1.7%	+2.1%	+2.6%	+4.5%	+3.0%
Net Interest Expense RE	-9.71M	-3.21M	-5.86M	-4.32M	0.16M
Per Share & Capital
EPS (Basic)	0.17	0.18	0.14	0.14	0.12
EPS (Diluted)	0.17	0.18	0.14	0.14	0.12
EPS Growth	-4.6%	+23.9%	+2.0%	+16.0%	+47.5%
Dividend Per Share	—	0.06	0.06	0.05	0.06
Shares Change (YoY)	0.01	—	—	—	—
Shares Outstanding (Basic)	202.88M	200.00M	200.00M	200.00M	200.00M
Shares Outstanding (Diluted)	202.88M	200.00M	200.00M	200.00M	200.00M
Dividend Growth	—	+9.1%	+10.0%	-9.1%	—
Payout Ratio	+67.9%	+49.0%	+13.9%	+42.5%	+20.6%
Supplemental
Income Loss Equity Investments RE	2.20M	—	—	—	—
Int Inc RE	—	1.22M	0.34M	0.38M	0.64M
Other Operating Expenses RE	—	4.29M	4.23M	3.63M	1.51M

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	73.85M	96.10M	66.72M	59.58M	30.66M
Interest Income	—	1.22M	0.34M	0.38M	0.64M
Interest Expense	-9.71M	-4.43M	-6.20M	-4.70M	-0.48M
Pretax Income	47.12M	52.02M	45.08M	42.68M	25.08M
Income Tax	0.81M	1.11M	1.18M	1.91M	0.75M
Net Income	34.49M	35.63M	28.77M	28.22M	24.33M
Rental Revenue	73.85M	92.95M	63.17M	59.29M	18.90M
Property Expenses	12.84M	28.26M	10.94M	11.38M	2.61M
Operating Income	51.59M	56.41M	47.54M	42.36M	24.45M
EPS (Basic)	0.17	0.18	0.14	0.14	0.12
EPS (Diluted)	0.17	0.18	0.14	0.14	0.12
DPS	—	0.06	0.06	0.05	0.06
Margins & Efficiency
Net Margin %	+46.7%	+37.1%	+43.1%	+47.4%	+79.3%
Revenue & Income
Revenue Growth (YoY)	-23.1%	+44.0%	+12.0%	+94.3%	+72.2%
Revenue RE	73.85M	96.10M	66.72M	59.58M	30.66M
Rental Revenue	73.85M	92.95M	63.17M	59.29M	18.90M
Other Revenue RE	—	3.16M	3.55M	0.29M	11.76M
Gain Assets RE	1.23M	1.56M	0.30M	-0.66M	—
Gain Investments RE	1.70M	0.55M	0.47M	3.79M	0.53M
Expenses & Provisions
SG&A RE	9.26M	4.39M	2.91M	1.88M	1.96M
Total Operating Expenses RE	22.26M	39.69M	19.18M	17.22M	6.21M
Interest Expense RE	-9.71M	-4.43M	-6.20M	-4.70M	-0.48M
Other Non Oper Exp Suppl RE	1.50M	0.23M	0.22M	0.44M	0.01M
Property Expenses	12.84M	28.26M	10.94M	11.38M	2.61M
Asset Writedown	-1.40M	-3.51M	2.41M	1.07M	-0.07M
D&A For EBITDA	7.60M	7.59M	7.49M	7.12M	2.60M
Dep Amor RE	—	603.03K	491.70K	97.49K	110.50K
Profitability & Returns
EBIT	51.59M	56.41M	47.54M	42.36M	24.45M
EBIT Margin	+69.9%	+58.7%	+71.3%	+71.1%	+79.7%
EBITDA	59.19M	64.00M	55.04M	49.48M	27.06M
EBITDA Margin	+80.1%	+66.6%	+82.5%	+83.1%	+88.2%
EBT Excl RE	45.59M	53.42M	41.90M	38.49M	24.62M
Pretax Income	47.12M	52.02M	45.08M	42.68M	25.08M
Operating Income RE	51.59M	56.41M	47.54M	42.36M	24.45M
Operating Margin	+69.9%	+58.7%	+71.3%	+71.1%	+79.7%
Profit Margin	+46.7%	+37.1%	+43.1%	+47.4%	+79.3%
Net Income	34.49M	35.63M	28.77M	28.22M	24.33M
Net Income to Common	34.49M	35.63M	28.77M	28.22M	24.33M
Net Income to Company	46.31M	50.91M	43.90M	40.77M	24.33M
Net Income Growth	-3.2%	+23.9%	+2.0%	+16.0%	+47.5%
Earnings From Continuing Ops.	46.31M	50.91M	43.90M	40.77M	24.33M
Earnings From Discontinued Ops.	—	—	—	—	—
Minority Interest in Earnings	-11.82M	-15.28M	-15.13M	-12.56M	—
Income Tax Expense	0.81M	1.11M	1.18M	1.91M	0.75M
Effective Tax Rate	+1.7%	+2.1%	+2.6%	+4.5%	+3.0%
Net Interest Expense RE	-9.71M	-3.21M	-5.86M	-4.32M	0.16M
Per Share & Capital
EPS (Basic)	0.17	0.18	0.14	0.14	0.12
EPS (Diluted)	0.17	0.18	0.14	0.14	0.12
EPS Growth	-4.6%	+23.9%	+2.0%	+16.0%	+47.5%
Dividend Per Share	—	0.06	0.06	0.05	0.06
Shares Change (YoY)	0.01	—	—	—	—
Shares Outstanding (Basic)	202.88M	200.00M	200.00M	200.00M	200.00M
Shares Outstanding (Diluted)	202.88M	200.00M	200.00M	200.00M	200.00M
Dividend Growth	—	+9.1%	+10.0%	-9.1%	—
Payout Ratio	+67.9%	+49.0%	+13.9%	+42.5%	+20.6%
Supplemental
Income Loss Equity Investments RE	2.20M	—	—	—	—
Int Inc RE	—	1.22M	0.34M	0.38M	0.64M
Other Operating Expenses RE	—	4.29M	4.23M	3.63M	1.51M