FIRST AVENUE

First Avenue Real Estate Development Company

9610StocksTadawulReal Estate

Financials

1-5

	CurrentMar 10, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025
Market & Price
Market Capitalization	1.27B	1.14B	1.68B	1.80B	1.82B
Market Cap Growth	-23.2%	-36.4%	—	—	—
Enterprise Value	2.04B	1.37B	1.91B	1.98B	2.08B
Last Close Price	6.44	6.01	8.86	9.50	9.58
Valuation Multiples
PE Ratio	11.10	10.29	15.49	16.96	13.70
PS Ratio	3.88	3.50	5.12	5.45	5.45
PB Ratio	1.88	1.69	2.49	2.97	2.99
P/TBV Ratio	1.88	1.69	2.50	2.98	3.01
P/FCF Ratio	—	—	—	—	18.29
P/OCF Ratio	—	—	—	—	18.27
EV/Sales Ratio	6.24	4.20	5.82	5.98	6.24
EV/EBITDA Ratio	47.80	—	—	24.47	20.05
EV/EBIT Ratio	48.42	—	—	24.49	20.06
EV/FCF Ratio	-7.86	—	—	—	20.93
Leverage & Capital
Debt / Equity Ratio	1.23	1.23	1.23	0.77	0.51
Debt / EBITDA Ratio	16.93	—	—	82.83	1.10
Debt / FCF Ratio	—	—	—	—	3.08
Net Debt / Equity Ratio	1.13	1.13	1.13	0.38	0.29
Net Debt / EBITDA Ratio	15.75	15.75	11.84	2.86	1.68
Net Debt / FCF Ratio	-2.96	-2.96	-5.91	-665.16	1.76
Efficiency & Liquidity
Asset Turnover	0.18	0.21	0.22	0.48	0.32
Inventory Turnover	0.48	0.41	0.54	0.62	0.54
Quick Ratio	0.46	0.46	0.46	1.26	0.84
Current Ratio	2.25	2.25	2.25	2.90	2.49
Returns & Yields
Return on Equity (ROE)	+9.1%	+9.6%	+0.1%	+54.8%	+10.7%
Return on Assets (ROA)	-1.7%	-2.0%	+0.3%	+18.0%	+1.2%
Return on Invested Capital (ROIC)	-0.6%	-0.7%	0.0%	+8.5%	+0.5%
Return on Capital Employed (ROCE)	+3.8%	+3.8%	+5.1%	+8.5%	+13.3%
Earnings Yield	+8.7%	+9.7%	+6.5%	+5.9%	+7.3%
FCF Yield	-20.4%	-22.7%	-7.7%	0.0%	+5.5%
Payout Ratio	—	—	—	—	—
Buyback Yield / Dilution	-8.4%	-5.0%	-5.0%	-30.1%	—

1-5

	CurrentMar 10, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025
Market & Price
Market Capitalization	1.27B	1.14B	1.68B	1.80B	1.82B
Market Cap Growth	-23.2%	-36.4%	—	—	—
Enterprise Value	2.04B	1.37B	1.91B	1.98B	2.08B
Last Close Price	6.44	6.01	8.86	9.50	9.58
Valuation Multiples
PE Ratio	11.10	10.29	15.49	16.96	13.70
PS Ratio	3.88	3.50	5.12	5.45	5.45
PB Ratio	1.88	1.69	2.49	2.97	2.99
P/TBV Ratio	1.88	1.69	2.50	2.98	3.01
P/FCF Ratio	—	—	—	—	18.29
P/OCF Ratio	—	—	—	—	18.27
EV/Sales Ratio	6.24	4.20	5.82	5.98	6.24
EV/EBITDA Ratio	47.80	—	—	24.47	20.05
EV/EBIT Ratio	48.42	—	—	24.49	20.06
EV/FCF Ratio	-7.86	—	—	—	20.93
Leverage & Capital
Debt / Equity Ratio	1.23	1.23	1.23	0.77	0.51
Debt / EBITDA Ratio	16.93	—	—	82.83	1.10
Debt / FCF Ratio	—	—	—	—	3.08
Net Debt / Equity Ratio	1.13	1.13	1.13	0.38	0.29
Net Debt / EBITDA Ratio	15.75	15.75	11.84	2.86	1.68
Net Debt / FCF Ratio	-2.96	-2.96	-5.91	-665.16	1.76
Efficiency & Liquidity
Asset Turnover	0.18	0.21	0.22	0.48	0.32
Inventory Turnover	0.48	0.41	0.54	0.62	0.54
Quick Ratio	0.46	0.46	0.46	1.26	0.84
Current Ratio	2.25	2.25	2.25	2.90	2.49
Returns & Yields
Return on Equity (ROE)	+9.1%	+9.6%	+0.1%	+54.8%	+10.7%
Return on Assets (ROA)	-1.7%	-2.0%	+0.3%	+18.0%	+1.2%
Return on Invested Capital (ROIC)	-0.6%	-0.7%	0.0%	+8.5%	+0.5%
Return on Capital Employed (ROCE)	+3.8%	+3.8%	+5.1%	+8.5%	+13.3%
Earnings Yield	+8.7%	+9.7%	+6.5%	+5.9%	+7.3%
FCF Yield	-20.4%	-22.7%	-7.7%	0.0%	+5.5%
Payout Ratio	—	—	—	—	—
Buyback Yield / Dilution	-8.4%	-5.0%	-5.0%	-30.1%	—