LADUN

Ladun Investment Company

9535StocksTadawulReal Estate

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Semi-annual

Annual (SAR)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	1.16B	1.51B	1.44B	0.88B	0.77B
Cost of Revenue	0.98B	1.23B	1.14B	0.71B	0.67B
Gross Profit	182.19M	272.11M	297.86M	166.79M	101.67M
SG&A	136.64M	140.27M	143.92M	72.15M	59.75M
Operating Expenses	151.48M	162.15M	143.92M	87.10M	64.56M
Operating Income	30.71M	109.95M	153.93M	79.69M	37.10M
Interest Income	3.02M	2.81M	1.71M	6.16M	9.88M
Interest Expense	-78.36M	-42.12M	-30.15M	-24.92M	-19.86M
Other Income/Expense	-1.30M	3.21M	2.96M	-0.06M	7.73M
Pretax Income	-53.55M	60.68M	121.54M	61.19M	95.41M
Income Tax	1.84M	-1.05M	12.17M	1.00M	14.61M
Net Income	-55.40M	66.08M	109.34M	60.19M	80.80M
EBITDA	65.11M	145.41M	187.76M	101.49M	54.85M
EBIT	30.71M	109.95M	153.93M	79.69M	37.10M
EPS (Basic)	-0.11	0.13	0.22	0.12	0.16
EPS (Diluted)	-0.11	0.13	0.22	0.12	0.16
DPS	—	—	0.06	0.06	—
Margins & Efficiency
Gross Margin %	+15.7%	+18.1%	+20.7%	+18.9%	+13.2%
EBITDA Margin %	+5.6%	+9.7%	+13.1%	+11.5%	+7.1%
Net Margin %	-4.8%	+4.4%	+7.6%	+6.8%	+10.5%
Revenue & Income
Revenue	1.16B	1.51B	1.44B	0.88B	0.77B
Revenue Growth (YoY)	-23.1%	+4.8%	+63.0%	+14.5%	+46.1%
Interest & Investment Income	3.02M	2.81M	1.71M	6.16M	9.88M
Earnings From Equity Investments	—	—	0.13M	-0.13M	4.28M
Gain (Loss) on Sale of Assets	0.36M	-1.91M	-0.66M	—	57.58M
Gain (Loss) on Sale of Investments	-2.23M	-6.23M	5.37M	0.46M	-1.30M
Expenses & Provisions
Advertising Expenses	2.79M	2.28M	0.77M	0.15M	0.60M
Cost of Revenue	0.98B	1.23B	1.14B	0.71B	0.67B
Selling, General & Admin	136.64M	140.27M	143.92M	72.15M	59.75M
Operating Expenses	151.48M	162.15M	143.92M	87.10M	64.56M
Other Operating Expenses	1.13M	7.00M	—	5.04M	2.55M
Interest Expense	-78.36M	-42.12M	-30.15M	-24.92M	-19.86M
Other Non Operating Income (Expenses)	-1.30M	3.21M	2.96M	-0.06M	7.73M
Legal Settlements	-5.76M	-2.33M	—	—	—
Asset Writedown	—	-2.71M	-11.75M	—	—
Amortization of Goodwill & Intangibles	—	—	—	472.30K	407.14K
D&A For EBITDA	34.40M	35.46M	33.82M	21.80M	17.74M
Profitability & Returns
Gross Profit	182.19M	272.11M	297.86M	166.79M	101.67M
Gross Margin	+15.7%	+18.1%	+20.7%	+18.9%	+13.2%
EBIT	30.71M	109.95M	153.93M	79.69M	37.10M
EBIT Margin	+2.7%	+7.3%	+10.7%	+9.0%	+4.8%
EBITDA	65.11M	145.41M	187.76M	101.49M	54.85M
EBITDA Margin	+5.6%	+9.7%	+13.1%	+11.5%	+7.1%
EBT Excluding Unusual Items	-45.93M	73.86M	128.59M	60.74M	39.14M
Pretax Income	-53.55M	60.68M	121.54M	61.19M	95.41M
Operating Income	30.71M	109.95M	153.93M	79.69M	37.10M
Operating Margin	+2.7%	+7.3%	+10.7%	+9.0%	+4.8%
Profit Margin	-4.8%	+4.4%	+7.6%	+6.8%	+10.5%
Net Income	-55.40M	66.08M	109.34M	60.19M	80.80M
Net Income to Common	-55.40M	66.08M	109.34M	60.19M	80.80M
Net Income to Company	-55.40M	66.08M	109.34M	60.19M	80.80M
Net Income Growth	—	-39.6%	+81.7%	-25.5%	+225.6%
Earnings From Continuing Ops.	-55.40M	61.73M	109.37M	60.19M	80.80M
Earnings From Discontinued Ops.	—	4.36M	-0.03M	—	—
Income Tax Expense	1.84M	-1.05M	12.17M	1.00M	14.61M
Effective Tax Rate	—	—	+10.0%	+1.6%	+15.3%
Per Share & Capital
EPS (Basic)	-0.11	0.13	0.22	0.12	0.16
EPS (Diluted)	-0.11	0.13	0.22	0.12	0.16
EPS Growth	—	-39.6%	+81.7%	-25.5%	+139.7%
Dividend Per Share	—	—	0.06	0.06	—
Shares Change (YoY)	—	—	—	—	0.36
Shares Outstanding (Basic)	500.00M	500.00M	500.00M	500.00M	500.00M
Shares Outstanding (Diluted)	500.00M	500.00M	500.00M	500.00M	500.00M
Free Cash Flow	187.97M	58.03M	-135.59M	-179.36M	-23.95M
Free Cash Flow Margin	+16.2%	+3.9%	-9.4%	-20.4%	-3.1%
Free Cash Flow Per Share	0.38	0.12	-0.27	-0.36	-0.05
Payout Ratio	—	+30.3%	+32.0%	+24.9%	+22.8%

Income Statement Balance Sheet Cash Flow Ratios

Annual Semi-annual

Annual (SAR)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	1.16B	1.51B	1.44B	0.88B	0.77B
Cost of Revenue	0.98B	1.23B	1.14B	0.71B	0.67B
Gross Profit	182.19M	272.11M	297.86M	166.79M	101.67M
SG&A	136.64M	140.27M	143.92M	72.15M	59.75M
Operating Expenses	151.48M	162.15M	143.92M	87.10M	64.56M
Operating Income	30.71M	109.95M	153.93M	79.69M	37.10M
Interest Income	3.02M	2.81M	1.71M	6.16M	9.88M
Interest Expense	-78.36M	-42.12M	-30.15M	-24.92M	-19.86M
Other Income/Expense	-1.30M	3.21M	2.96M	-0.06M	7.73M
Pretax Income	-53.55M	60.68M	121.54M	61.19M	95.41M
Income Tax	1.84M	-1.05M	12.17M	1.00M	14.61M
Net Income	-55.40M	66.08M	109.34M	60.19M	80.80M
EBITDA	65.11M	145.41M	187.76M	101.49M	54.85M
EBIT	30.71M	109.95M	153.93M	79.69M	37.10M
EPS (Basic)	-0.11	0.13	0.22	0.12	0.16
EPS (Diluted)	-0.11	0.13	0.22	0.12	0.16
DPS	—	—	0.06	0.06	—
Margins & Efficiency
Gross Margin %	+15.7%	+18.1%	+20.7%	+18.9%	+13.2%
EBITDA Margin %	+5.6%	+9.7%	+13.1%	+11.5%	+7.1%
Net Margin %	-4.8%	+4.4%	+7.6%	+6.8%	+10.5%
Revenue & Income
Revenue	1.16B	1.51B	1.44B	0.88B	0.77B
Revenue Growth (YoY)	-23.1%	+4.8%	+63.0%	+14.5%	+46.1%
Interest & Investment Income	3.02M	2.81M	1.71M	6.16M	9.88M
Earnings From Equity Investments	—	—	0.13M	-0.13M	4.28M
Gain (Loss) on Sale of Assets	0.36M	-1.91M	-0.66M	—	57.58M
Gain (Loss) on Sale of Investments	-2.23M	-6.23M	5.37M	0.46M	-1.30M
Expenses & Provisions
Advertising Expenses	2.79M	2.28M	0.77M	0.15M	0.60M
Cost of Revenue	0.98B	1.23B	1.14B	0.71B	0.67B
Selling, General & Admin	136.64M	140.27M	143.92M	72.15M	59.75M
Operating Expenses	151.48M	162.15M	143.92M	87.10M	64.56M
Other Operating Expenses	1.13M	7.00M	—	5.04M	2.55M
Interest Expense	-78.36M	-42.12M	-30.15M	-24.92M	-19.86M
Other Non Operating Income (Expenses)	-1.30M	3.21M	2.96M	-0.06M	7.73M
Legal Settlements	-5.76M	-2.33M	—	—	—
Asset Writedown	—	-2.71M	-11.75M	—	—
Amortization of Goodwill & Intangibles	—	—	—	472.30K	407.14K
D&A For EBITDA	34.40M	35.46M	33.82M	21.80M	17.74M
Profitability & Returns
Gross Profit	182.19M	272.11M	297.86M	166.79M	101.67M
Gross Margin	+15.7%	+18.1%	+20.7%	+18.9%	+13.2%
EBIT	30.71M	109.95M	153.93M	79.69M	37.10M
EBIT Margin	+2.7%	+7.3%	+10.7%	+9.0%	+4.8%
EBITDA	65.11M	145.41M	187.76M	101.49M	54.85M
EBITDA Margin	+5.6%	+9.7%	+13.1%	+11.5%	+7.1%
EBT Excluding Unusual Items	-45.93M	73.86M	128.59M	60.74M	39.14M
Pretax Income	-53.55M	60.68M	121.54M	61.19M	95.41M
Operating Income	30.71M	109.95M	153.93M	79.69M	37.10M
Operating Margin	+2.7%	+7.3%	+10.7%	+9.0%	+4.8%
Profit Margin	-4.8%	+4.4%	+7.6%	+6.8%	+10.5%
Net Income	-55.40M	66.08M	109.34M	60.19M	80.80M
Net Income to Common	-55.40M	66.08M	109.34M	60.19M	80.80M
Net Income to Company	-55.40M	66.08M	109.34M	60.19M	80.80M
Net Income Growth	—	-39.6%	+81.7%	-25.5%	+225.6%
Earnings From Continuing Ops.	-55.40M	61.73M	109.37M	60.19M	80.80M
Earnings From Discontinued Ops.	—	4.36M	-0.03M	—	—
Income Tax Expense	1.84M	-1.05M	12.17M	1.00M	14.61M
Effective Tax Rate	—	—	+10.0%	+1.6%	+15.3%
Per Share & Capital
EPS (Basic)	-0.11	0.13	0.22	0.12	0.16
EPS (Diluted)	-0.11	0.13	0.22	0.12	0.16
EPS Growth	—	-39.6%	+81.7%	-25.5%	+139.7%
Dividend Per Share	—	—	0.06	0.06	—
Shares Change (YoY)	—	—	—	—	0.36
Shares Outstanding (Basic)	500.00M	500.00M	500.00M	500.00M	500.00M
Shares Outstanding (Diluted)	500.00M	500.00M	500.00M	500.00M	500.00M
Free Cash Flow	187.97M	58.03M	-135.59M	-179.36M	-23.95M
Free Cash Flow Margin	+16.2%	+3.9%	-9.4%	-20.4%	-3.1%
Free Cash Flow Per Share	0.38	0.12	-0.27	-0.36	-0.05
Payout Ratio	—	+30.3%	+32.0%	+24.9%	+22.8%