FIRST AVENUE

First Avenue Real Estate Development Company

9610StocksTadawulReal Estate

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021	2020Dec 31, 2020
Operating Summary
Revenue	254.95M	237.85M	204.65M	204.92M	70.49M
Cost of Revenue	182.39M	188.29M	153.58M	145.96M	50.85M
Gross Profit	72.56M	49.55M	51.07M	58.96M	19.64M
SG&A	37.85M	14.94M	4.47M	10.43M	2.94M
Operating Expenses	37.85M	14.94M	5.08M	10.83M	3.16M
Operating Income	34.72M	34.62M	45.99M	48.13M	16.48M
Interest Expense	-9.99M	-0.15M	-0.25M	-0.11M	-0.02M
Other Income/Expense	19.52M	0.52M	-1.64M	-0.00M	0.03M
Pretax Income	64.25M	44.65M	44.96M	52.37M	16.49M
Income Tax	4.95M	2.70M	2.25M	1.76M	0.44M
Net Income	59.30M	41.95M	42.71M	50.61M	16.04M
EBITDA	34.80M	34.71M	46.10M	48.22M	16.53M
EBIT	34.72M	34.62M	45.99M	48.13M	16.48M
EPS (Basic)	0.34	0.25	0.28	5.06	—
EPS (Diluted)	0.34	0.25	0.28	5.06	—
Margins & Efficiency
Gross Margin %	+28.5%	+20.8%	+25.0%	+28.8%	+27.9%
EBITDA Margin %	+13.6%	+14.6%	+22.5%	+23.5%	+23.5%
Net Margin %	+23.3%	+17.6%	+20.9%	+24.7%	+22.8%
Revenue & Income
Revenue	254.95M	237.85M	204.65M	204.92M	70.49M
Revenue Growth (YoY)	+7.2%	+16.2%	-0.1%	+190.7%	+300.9%
Earnings From Equity Investments	-992.78K	—	—	-16.46K	—
Gain (Loss) on Sale of Assets	—	—	—	3.90M	—
Gain (Loss) on Sale of Investments	—	—	857.57K	476.95K	—
Expenses & Provisions
Advertising Expenses	698.56K	265.07K	—	23.25K	23.70K
Cost of Revenue	182.39M	188.29M	153.58M	145.96M	50.85M
Selling, General & Admin	37.85M	14.94M	4.47M	10.43M	2.94M
Operating Expenses	37.85M	14.94M	5.08M	10.83M	3.16M
Interest Expense	-9.99M	-0.15M	-0.25M	-0.11M	-0.02M
Other Non Operating Income (Expenses)	19.52M	0.52M	-1.64M	-0.00M	0.03M
Asset Writedown	20.99M	9.67M	—	—	—
Amortization of Goodwill & Intangibles	—	—	507.24K	—	—
D&A For EBITDA	84.12K	95.08K	103.79K	92.33K	50.94K
Profitability & Returns
Gross Profit	72.56M	49.55M	51.07M	58.96M	19.64M
Gross Margin	+28.5%	+20.8%	+25.0%	+28.8%	+27.9%
EBIT	34.72M	34.62M	45.99M	48.13M	16.48M
EBIT Margin	+13.6%	+14.6%	+22.5%	+23.5%	+23.4%
EBITDA	34.80M	34.71M	46.10M	48.22M	16.53M
EBITDA Margin	+13.7%	+14.6%	+22.5%	+23.5%	+23.5%
EBT Excluding Unusual Items	43.26M	34.98M	44.10M	48.00M	16.49M
Pretax Income	64.25M	44.65M	44.96M	52.37M	16.49M
Operating Income	34.72M	34.62M	45.99M	48.13M	16.48M
Operating Margin	+13.6%	+14.6%	+22.5%	+23.5%	+23.4%
Profit Margin	+23.3%	+17.6%	+20.9%	+24.7%	+22.8%
Net Income	59.30M	41.95M	42.71M	50.61M	16.04M
Net Income to Common	59.30M	41.95M	42.71M	50.61M	16.04M
Net Income Growth	+41.3%	-1.8%	-15.6%	+215.5%	+1,080.2%
Income Tax Expense	4.95M	2.70M	2.25M	1.76M	0.44M
Effective Tax Rate	+7.7%	+6.1%	+5.0%	+3.4%	+2.7%
Per Share & Capital
EPS (Basic)	0.34	0.25	0.28	5.06	—
EPS (Diluted)	0.34	0.25	0.28	5.06	—
EPS Growth	+37.0%	-12.3%	-94.5%	—	—
Shares Change (YoY)	0.03	0.12	14.22	—	—
Shares Outstanding (Basic)	175.80M	170.44M	152.16M	10.00M	—
Shares Outstanding (Diluted)	175.80M	170.44M	152.16M	10.00M	—
Free Cash Flow	41.97M	96.94M	-34.38M	0.04M	7.47M
Free Cash Flow Margin	+16.5%	+40.8%	-16.8%	0.0%	+10.6%
Free Cash Flow Per Share	0.24	0.57	-0.23	0.00	—
Payout Ratio	+34.3%	+24.3%	—	+106.7%	—

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021	2020Dec 31, 2020
Operating Summary
Revenue	254.95M	237.85M	204.65M	204.92M	70.49M
Cost of Revenue	182.39M	188.29M	153.58M	145.96M	50.85M
Gross Profit	72.56M	49.55M	51.07M	58.96M	19.64M
SG&A	37.85M	14.94M	4.47M	10.43M	2.94M
Operating Expenses	37.85M	14.94M	5.08M	10.83M	3.16M
Operating Income	34.72M	34.62M	45.99M	48.13M	16.48M
Interest Expense	-9.99M	-0.15M	-0.25M	-0.11M	-0.02M
Other Income/Expense	19.52M	0.52M	-1.64M	-0.00M	0.03M
Pretax Income	64.25M	44.65M	44.96M	52.37M	16.49M
Income Tax	4.95M	2.70M	2.25M	1.76M	0.44M
Net Income	59.30M	41.95M	42.71M	50.61M	16.04M
EBITDA	34.80M	34.71M	46.10M	48.22M	16.53M
EBIT	34.72M	34.62M	45.99M	48.13M	16.48M
EPS (Basic)	0.34	0.25	0.28	5.06	—
EPS (Diluted)	0.34	0.25	0.28	5.06	—
Margins & Efficiency
Gross Margin %	+28.5%	+20.8%	+25.0%	+28.8%	+27.9%
EBITDA Margin %	+13.6%	+14.6%	+22.5%	+23.5%	+23.5%
Net Margin %	+23.3%	+17.6%	+20.9%	+24.7%	+22.8%
Revenue & Income
Revenue	254.95M	237.85M	204.65M	204.92M	70.49M
Revenue Growth (YoY)	+7.2%	+16.2%	-0.1%	+190.7%	+300.9%
Earnings From Equity Investments	-992.78K	—	—	-16.46K	—
Gain (Loss) on Sale of Assets	—	—	—	3.90M	—
Gain (Loss) on Sale of Investments	—	—	857.57K	476.95K	—
Expenses & Provisions
Advertising Expenses	698.56K	265.07K	—	23.25K	23.70K
Cost of Revenue	182.39M	188.29M	153.58M	145.96M	50.85M
Selling, General & Admin	37.85M	14.94M	4.47M	10.43M	2.94M
Operating Expenses	37.85M	14.94M	5.08M	10.83M	3.16M
Interest Expense	-9.99M	-0.15M	-0.25M	-0.11M	-0.02M
Other Non Operating Income (Expenses)	19.52M	0.52M	-1.64M	-0.00M	0.03M
Asset Writedown	20.99M	9.67M	—	—	—
Amortization of Goodwill & Intangibles	—	—	507.24K	—	—
D&A For EBITDA	84.12K	95.08K	103.79K	92.33K	50.94K
Profitability & Returns
Gross Profit	72.56M	49.55M	51.07M	58.96M	19.64M
Gross Margin	+28.5%	+20.8%	+25.0%	+28.8%	+27.9%
EBIT	34.72M	34.62M	45.99M	48.13M	16.48M
EBIT Margin	+13.6%	+14.6%	+22.5%	+23.5%	+23.4%
EBITDA	34.80M	34.71M	46.10M	48.22M	16.53M
EBITDA Margin	+13.7%	+14.6%	+22.5%	+23.5%	+23.5%
EBT Excluding Unusual Items	43.26M	34.98M	44.10M	48.00M	16.49M
Pretax Income	64.25M	44.65M	44.96M	52.37M	16.49M
Operating Income	34.72M	34.62M	45.99M	48.13M	16.48M
Operating Margin	+13.6%	+14.6%	+22.5%	+23.5%	+23.4%
Profit Margin	+23.3%	+17.6%	+20.9%	+24.7%	+22.8%
Net Income	59.30M	41.95M	42.71M	50.61M	16.04M
Net Income to Common	59.30M	41.95M	42.71M	50.61M	16.04M
Net Income Growth	+41.3%	-1.8%	-15.6%	+215.5%	+1,080.2%
Income Tax Expense	4.95M	2.70M	2.25M	1.76M	0.44M
Effective Tax Rate	+7.7%	+6.1%	+5.0%	+3.4%	+2.7%
Per Share & Capital
EPS (Basic)	0.34	0.25	0.28	5.06	—
EPS (Diluted)	0.34	0.25	0.28	5.06	—
EPS Growth	+37.0%	-12.3%	-94.5%	—	—
Shares Change (YoY)	0.03	0.12	14.22	—	—
Shares Outstanding (Basic)	175.80M	170.44M	152.16M	10.00M	—
Shares Outstanding (Diluted)	175.80M	170.44M	152.16M	10.00M	—
Free Cash Flow	41.97M	96.94M	-34.38M	0.04M	7.47M
Free Cash Flow Margin	+16.5%	+40.8%	-16.8%	0.0%	+10.6%
Free Cash Flow Per Share	0.24	0.57	-0.23	0.00	—
Payout Ratio	+34.3%	+24.3%	—	+106.7%	—