ASAS MAKEEN

ASAS Makeen Real Estate Development and Investment Company

9640StocksTadawulReal Estate

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Semi-annual

Annual (SAR)

	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022
Operating Summary
Revenue	431.07M	351.92M	342.53M
Cost of Revenue	304.75M	269.19M	261.31M
Gross Profit	126.32M	82.73M	81.22M
SG&A	19.52M	9.80M	5.30M
Operating Expenses	19.52M	9.80M	5.30M
Operating Income	106.80M	72.93M	75.92M
Interest Expense	-188.19K	-27.70K	-27.42K
Other Income/Expense	1.24M	0.39M	0.17M
Pretax Income	111.45M	73.38M	75.98M
Income Tax	3.49M	5.62M	3.04M
Net Income	107.96M	67.77M	72.94M
EBITDA	107.63M	73.47M	76.15M
EBIT	106.80M	72.93M	75.92M
EPS (Basic)	10.80	6.78	8.84
EPS (Diluted)	10.80	6.78	8.84
Margins & Efficiency
Gross Margin %	+29.3%	+23.5%	+23.7%
EBITDA Margin %	+25.0%	+20.9%	+22.2%
Net Margin %	+25.0%	+19.3%	+21.3%
Revenue & Income
Revenue	431.07M	351.92M	342.53M
Revenue Growth (YoY)	+22.5%	+2.7%	—
Gain (Loss) on Sale of Investments	3.60M	—	—
Expenses & Provisions
Cost of Revenue	304.75M	269.19M	261.31M
Selling, General & Admin	19.52M	9.80M	5.30M
Operating Expenses	19.52M	9.80M	5.30M
Interest Expense	-188.19K	-27.70K	-27.42K
Other Non Operating Income (Expenses)	1.24M	0.39M	0.17M
Asset Writedown	—	84.10K	-84.10K
D&A For EBITDA	827.86K	534.00K	231.91K
Profitability & Returns
Gross Profit	126.32M	82.73M	81.22M
Gross Margin	+29.3%	+23.5%	+23.7%
EBIT	106.80M	72.93M	75.92M
EBIT Margin	+24.8%	+20.7%	+22.2%
EBITDA	107.63M	73.47M	76.15M
EBITDA Margin	+25.0%	+20.9%	+22.2%
EBT Excluding Unusual Items	107.85M	73.30M	76.06M
Pretax Income	111.45M	73.38M	75.98M
Operating Income	106.80M	72.93M	75.92M
Operating Margin	+24.8%	+20.7%	+22.2%
Profit Margin	+25.0%	+19.3%	+21.3%
Net Income	107.96M	67.77M	72.94M
Net Income to Common	107.96M	67.77M	72.94M
Net Income Growth	+59.3%	-7.1%	—
Income Tax Expense	3.49M	5.62M	3.04M
Effective Tax Rate	+3.1%	+7.7%	+4.0%
Per Share & Capital
EPS (Basic)	10.80	6.78	8.84
EPS (Diluted)	10.80	6.78	8.84
EPS Growth	+59.3%	-23.4%	—
Shares Change (YoY)	—	0.21	—
Shares Outstanding (Basic)	10.00M	10.00M	8.25M
Shares Outstanding (Diluted)	10.00M	10.00M	8.25M
Free Cash Flow	-27.77M	-73.70M	-4.75M
Free Cash Flow Margin	-6.4%	-20.9%	-1.4%
Free Cash Flow Per Share	-2.78	-7.37	-0.58

Income Statement Balance Sheet Cash Flow Ratios

Annual Semi-annual

Annual (SAR)

	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022
Operating Summary
Revenue	431.07M	351.92M	342.53M
Cost of Revenue	304.75M	269.19M	261.31M
Gross Profit	126.32M	82.73M	81.22M
SG&A	19.52M	9.80M	5.30M
Operating Expenses	19.52M	9.80M	5.30M
Operating Income	106.80M	72.93M	75.92M
Interest Expense	-188.19K	-27.70K	-27.42K
Other Income/Expense	1.24M	0.39M	0.17M
Pretax Income	111.45M	73.38M	75.98M
Income Tax	3.49M	5.62M	3.04M
Net Income	107.96M	67.77M	72.94M
EBITDA	107.63M	73.47M	76.15M
EBIT	106.80M	72.93M	75.92M
EPS (Basic)	10.80	6.78	8.84
EPS (Diluted)	10.80	6.78	8.84
Margins & Efficiency
Gross Margin %	+29.3%	+23.5%	+23.7%
EBITDA Margin %	+25.0%	+20.9%	+22.2%
Net Margin %	+25.0%	+19.3%	+21.3%
Revenue & Income
Revenue	431.07M	351.92M	342.53M
Revenue Growth (YoY)	+22.5%	+2.7%	—
Gain (Loss) on Sale of Investments	3.60M	—	—
Expenses & Provisions
Cost of Revenue	304.75M	269.19M	261.31M
Selling, General & Admin	19.52M	9.80M	5.30M
Operating Expenses	19.52M	9.80M	5.30M
Interest Expense	-188.19K	-27.70K	-27.42K
Other Non Operating Income (Expenses)	1.24M	0.39M	0.17M
Asset Writedown	—	84.10K	-84.10K
D&A For EBITDA	827.86K	534.00K	231.91K
Profitability & Returns
Gross Profit	126.32M	82.73M	81.22M
Gross Margin	+29.3%	+23.5%	+23.7%
EBIT	106.80M	72.93M	75.92M
EBIT Margin	+24.8%	+20.7%	+22.2%
EBITDA	107.63M	73.47M	76.15M
EBITDA Margin	+25.0%	+20.9%	+22.2%
EBT Excluding Unusual Items	107.85M	73.30M	76.06M
Pretax Income	111.45M	73.38M	75.98M
Operating Income	106.80M	72.93M	75.92M
Operating Margin	+24.8%	+20.7%	+22.2%
Profit Margin	+25.0%	+19.3%	+21.3%
Net Income	107.96M	67.77M	72.94M
Net Income to Common	107.96M	67.77M	72.94M
Net Income Growth	+59.3%	-7.1%	—
Income Tax Expense	3.49M	5.62M	3.04M
Effective Tax Rate	+3.1%	+7.7%	+4.0%
Per Share & Capital
EPS (Basic)	10.80	6.78	8.84
EPS (Diluted)	10.80	6.78	8.84
EPS Growth	+59.3%	-23.4%	—
Shares Change (YoY)	—	0.21	—
Shares Outstanding (Basic)	10.00M	10.00M	8.25M
Shares Outstanding (Diluted)	10.00M	10.00M	8.25M
Free Cash Flow	-27.77M	-73.70M	-4.75M
Free Cash Flow Margin	-6.4%	-20.9%	-1.4%
Free Cash Flow Per Share	-2.78	-7.37	-0.58