Income Statement Alandalus Property Company

Stocks

4320

SA13U0923G19

Real Estate Development & Operations

Market Closed - Saudi Arabian S.E. 10:20:00 20/09/26 pm AEST			5-day change	1st Jan Change
13.74 ^SAR	-0.79%		-4.91%	-24.09%

17/09	Alandalus Property Secures SAR35 Million Facility from Saudi National Bank	MT
06/08	Alandalus Property Swings to H1 Net Profit; Revenue Rises	MT

bef7ac035193f4057a6c274a6.OD-1XVT3gFf1j5Wll6IvQkrypQn5h1YBZnFdCy5v5qc.YAbnEDKb1S283v3z-ZFaehm54GS0wwkxAjwKbWZelJVzbPcEOsbtMbr53A

Published financial data: ALANDALUS PROPERTY COMPANY

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (SAR)	2022 (SAR)	2023 (SAR)	2024 (SAR)	2025 (SAR)
Rental Revenues	214M	216M	215M	236M	237M
Other Revenues, Total	27.25M	25.8M	24.05M	-33.91M	-11.49M
Total Revenues	242M	242M	239M	202M	226M
Property Expenses	69.36M	73.7M	77.45M	90.74M	94.11M
Selling General & Admin Expenses, Total	43.05M	43.26M	51.3M	61.18M	70.95M
Provision for Bad Debts	7.24M	4.86M	11M	1.9M	9.83M
Other Operating Expenses	-1.2M	-5.33M	-3.58M	-122K	-4.24M
Total Operating Expenses	118M	116M	136M	154M	171M
Operating Income (REIT / Utility Template)	123M	125M	103M	48.28M	54.93M
Interest Expense, Total	-26.32M	-32.81M	-52.18M	-68.25M	-66.71M
Interest and Investment Income	-	-	3.75M	4.47M	-
Net Interest Expenses	-26.32M	-32.81M	-48.43M	-63.78M	-66.71M
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	96.87M	92.62M	54.61M	-15.49M	-11.79M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	3.96M
Asset Writedown	1.95M	1.84M	-	-8M	-3M
Other Unusual Items	-	-	-	2.7M	-
EBT, Incl. Unusual Items	98.82M	94.46M	54.61M	-20.79M	-10.83M
Income Tax Expense	7.17M	7.17M	5.95M	2.95M	1.71M
Earnings From Continuing Operations	91.65M	87.29M	48.66M	-23.74M	-12.54M
Net Income to Company	91.65M	87.29M	48.66M	-23.74M	-12.54M
Minority Interest	-23.67M	-20.52M	-12.24M	-7.86M	-5.73M
Net Income - (IS)	67.98M	66.77M	36.42M	-31.6M	-18.27M
Net Income to Common Incl Extra Items	67.98M	66.77M	36.42M	-31.6M	-18.27M
Net Income to Common Excl. Extra Items	67.98M	66.77M	36.42M	-31.6M	-18.27M
Per Share Items
Net EPS - Basic	0.73	0.72	0.39	-0.34	-0.2
Basic EPS - Continuing Operations	0.73	0.72	0.39	-0.34	-0.2
Basic Weighted Average Shares Outstanding	93.33M	93.33M	93.33M	93.33M	93.33M
Net EPS - Diluted	0.73	0.72	0.39	-0.34	-0.2
Diluted EPS - Continuing Operations	0.73	0.72	0.39	-0.34	-0.2
Diluted Weighted Average Shares Outstanding	93.33M	93.33M	93.33M	93.33M	93.33M
Normalized Basic EPS	0.4	0.4	0.23	-0.19	-0.14
Normalized Diluted EPS	0.4	0.4	0.23	-0.19	-0.14
Dividend Per Share	0.5	0.5	0.5	0.25	-
Payout Ratio	85.82	69.89	128.15	-73.84	-255.38
Supplemental Items
EBITDA	151M	152M	131M	81.93M	89.16M
EBITA	123M	125M	103M	48.28M	54.93M
EBIT	123M	125M	103M	48.28M	54.93M
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	7.25	7.59	10.9	-14.18	-15.8
Normalized Net Income	36.87M	37.37M	21.89M	-17.55M	-13.1M
Interest Capitalized	-	-	8.2M	-	-
Interest on Long-Term Debt	26.32M	32.81M	52.18M	74.35M	66.71M
Non-Cash Pension Expense	177K	236K	398K	-	730K
Supplemental Operating Expense Items
Marketing Expenses	1.8M	1.64M	3.13M	3.88M	3.44M
Selling and Marketing Expenses	1.8M	1.64M	3.13M	3.88M	3.44M
General and Administrative Expenses	41.24M	41.62M	48.17M	57.3M	67.51M
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Maintenance & Repair Expenses, Total	-	-	-	-	4.86M

Fiscal Period: December	2021 (SAR)	2022 (SAR)	2023 (SAR)	2024 (SAR)	2025 (SAR)
Assets
Gross Property Plant And Equipment	1.44B	1.48B	1.75B	1.9B	1.88B
Accumulated Depreciation	-231M	-256M	-284M	-395M	-407M
Net Property Plant And Equipment	1.21B	1.23B	1.47B	1.51B	1.47B
Total Real Estate Assets	1.21B	1.23B	1.47B	1.51B	1.47B
Cash And Equivalents	201M	139M	177M	45.88M	84.88M
Accounts Receivable, Total	62.1M	84.17M	75.51M	75.64M	45.34M
Other Receivables	-	-	2.07M	4.08M	-
Investment In Debt and Equity Securities	-	-	-	40.34M	-
Notes Receivable (Collected)	1.58M	1.57M	-	-	-
Other Current Assets, Total	5.29M	8.8M	11.87M	14.78M	16.4M
Trading Asset Securities, Total	40.03M	81.1M	-	-	-
Other Long-Term Assets, Total	521M	515M	527M	571M	536M
Total Assets	2.04B	2.06B	2.26B	2.26B	2.16B
Liabilities
Current Portion of Long-Term Debt	-	-	5.44M	14.37M	16.79M
Current Portion of Leases	15.7M	16.19M	17.3M	17.3M	13.25M
Long-Term Debt	559M	589M	798M	839M	863M
Long-Term Leases	114M	104M	98.16M	115M	65.32M
Accounts Payable, Total	55.72K	714K	922K	2.75M	7.41M
Accrued Expenses, Total	44.44M	28.18M	40.48M	40.87M	35.04M
Current Income Taxes Payable	8.39M	8.78M	7.01M	4.15M	3.43M
Unearned Revenue, Current	45.93M	45.78M	49.94M	53.05M	58.2M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	2.78M	2.87M	2.44M	2.19M	2.21M
Pension & Other Post Retirement Benefits	9.46M	8.97M	10.87M	12.6M	15.05M
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	800M	805M	1.03B	1.1B	1.08B
Common Stock, Total	933M	933M	933M	933M	933M
Retained Earnings	130M	149M	139M	83.29M	17.98M
Total Common Equity	1.06B	1.08B	1.07B	1.02B	951M
Minority Interest	178M	168M	157M	143M	125M
Total Equity	1.24B	1.25B	1.23B	1.16B	1.08B
Total Liabilities And Equity	2.04B	2.06B	2.26B	2.26B	2.16B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	93.33M	93.33M	93.33M	93.33M	93.33M
ECS Total Common Shares Outstanding	93.33M	93.33M	93.33M	93.33M	93.33M
Book Value / Share	11.39	11.6	11.48	10.89	10.19
Tangible Book Value	1.06B	1.08B	1.07B	1.02B	951M
Tangible Book Value Per Share	11.39	11.6	11.48	10.89	10.19
Total Debt	689M	709M	919M	986M	959M
Net Debt	448M	489M	742M	940M	874M
Debt Equivalent of Unfunded Proj. Benefit Obligation	9.46M	8.97M	10.87M	-	15.05M
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	178M	168M	157M	143M	125M
Equity Method Investments, Total	521M	515M	527M	571M	536M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	377M	377M	429M	429M	429M
Buildings, Total	945M	948M	1.11B	1.27B	1.22B
Machinery, Total	24.68M	25.17M	25.63M	27.61M	30.37M
Accumulated Allowance for Doubtful Accounts (Supple)	20.12M	24.98M	31.1M	28.58M	26.24M

Fiscal Period: December	2021 (SAR)	2022 (SAR)	2023 (SAR)	2024 (SAR)	2025 (SAR)
Net Income	67.98M	66.77M	36.42M	-31.6M	-18.27M
Depreciation, Depletion & Amortization	34.01M	33.08M	34.18M	40.53M	38.93M
Total Depreciation, Depletion & Amortization	34.01M	33.08M	34.18M	40.53M	38.93M
Amortization of Deferred Charges, Total	14.06M	20.85M	-	-	-
(Gain) Loss On Sale of Asset - (CF)	-	-	-	-	-3.96M
(Gain) Loss on Sale of Investments - (CF)	-31.25K	-1.13M	-3.75M	-925K	-
Total Asset Writedown	-1.95M	-1.84M	-	8M	3M
(Income) Loss On Equity Investments - (CF)	-27.25M	-25.8M	-24.05M	33.91M	11.49M
Provision and Write-off of Bad Debts	7.24M	4.86M	11M	1.9M	9.83M
Change in Accounts Receivable	-15.78M	-26.53M	-2.05M	8.17M	15.85M
Change in Unearned Revenues	9.88M	-151K	4.16M	3.12M	7.33M
Change in Other Net Operating Assets (Collected)	23.16M	-19.41M	8.22M	-13.16M	-1.04M
Other Operating Activities	70.28M	63.44M	89.25M	98.87M	103M
Cash from Operations	182M	114M	153M	149M	166M
Acquisition of Real Estate Assets, Total	-6.41M	-46.77M	-275M	-46.98M	-64.94M
Sale of Real Estate Assets, Total	-	-	-	-	-
Net Sale / Acquisition of Real Estate Assets	-6.41M	-46.77M	-275M	-46.98M	-64.94M
Divestitures	-	-	-	-	12.23M
Investment in Marketable and Equity Securities, Total	-83.52M	-39.94M	1.37B	-141M	34.09M
Other Investing Activities, Total	-	-	-1.3B	-23.05M	-
Cash from Investing	-89.93M	-86.71M	-203M	-211M	-18.61M
Long-Term Debt Issued, Total	42.68M	30.48M	214M	54M	27.29M
Total Debt Issued	42.68M	30.48M	214M	54M	27.29M
Long-Term Debt Repaid, Total	-28.7M	-42.76M	-44.76M	-6.84M	-5.12M
Total Debt Repaid	-28.7M	-42.76M	-44.76M	-6.84M	-5.12M
Common Dividends Paid	-58.33M	-46.67M	-46.67M	-23.33M	-46.67M
Common & Preferred Stock Dividends Paid	-58.33M	-46.67M	-46.67M	-23.33M	-46.67M
Other Financing Activities, Total	-29.02M	-30.1M	-35.27M	-92.46M	-84.3M
Cash from Financing	-73.38M	-89.05M	87.54M	-68.63M	-109M
Net Change in Cash	18.28M	-61.62M	37.8M	-131M	39M
Supplemental Items
Cash Interest Paid	-	-	11.62M	70.96M	64.95M
Net Debt Issued / Repaid	13.98M	-12.29M	169M	47.16M	22.17M
Levered Free Cash Flow	135M	70.5M	85.05M	23.23M	64.49M
Unlevered Free Cash Flow	137M	70.15M	118M	65.88M	106M
Change In Net Working Capital	-26.38M	40.84M	-19.54M	2.84M	-36.04M

Fiscal Period: December	2021 (SAR)	2022 (SAR)	2023 (SAR)	2024 (SAR)	2025 (SAR)
Profitability
Return on Assets	3.83	3.83	2.99	1.34	1.55
Return on Total Capital	4.04	4.03	3.14	1.41	1.64
Return On Equity %	7.4	7.01	3.93	-1.99	-1.12
Return on Common Equity	6.42	6.22	3.38	-3.03	-1.86
Margin Analysis
Gross Profit Margin %	71.3	69.53	67.62	55.07	58.28
SG&A Margin	17.81	17.88	21.45	30.29	31.45
EBITDA Margin %	62.51	62.98	54.79	40.56	39.52
EBITA Margin %	50.98	51.85	43.07	23.9	24.35
EBIT Margin %	50.98	51.85	43.07	23.9	24.35
Income From Continuing Operations Margin %	37.93	36.08	20.34	-11.75	-5.56
Net Income Margin %	28.13	27.6	15.22	-15.65	-8.1
Net Avail. For Common Margin %	28.13	27.6	15.22	-15.65	-8.1
Normalized Net Income Margin	15.26	15.45	9.15	-8.69	-5.81
Levered Free Cash Flow Margin	55.75	29.14	35.55	11.5	28.59
Unlevered Free Cash Flow Margin	56.74	29	49.19	32.62	47.07
Asset Turnover
Asset Turnover	0.12	0.12	0.11	0.09	0.1
Fixed Assets Turnover	0.2	0.2	0.18	0.14	0.15
Receivables Turnover (Average Receivables)	3.79	2.95	2.69	3.12	3.92
Short Term Liquidity
Current Ratio	2.64	3.07	2.16	1.04	1.08
Quick Ratio	2.58	2.97	2.06	0.93	0.96
Operating Cash Flow to Current Liabilities	1.55	1.11	1.24	1.1	1.22
Days Sales Outstanding (Average Receivables)	96.27	123.52	135.44	117.26	93.13
Average Days Payable Outstanding	0.72	1.91	3.85	7.41	19.71
Long Term Solvency
Total Debt/Equity	55.51	56.72	74.83	85	89.1
Total Debt / Total Capital	35.7	36.19	42.8	45.95	47.12
LT Debt/Equity	54.25	55.42	72.98	82.27	86.31
Long-Term Debt / Total Capital	34.88	35.36	41.74	44.47	45.64
Total Liabilities / Total Assets	39.2	39.15	45.63	48.71	50.09
EBIT / Interest Expense	4.68	3.82	1.97	0.71	0.82
EBITDA / Interest Expense	5.97	4.83	2.63	1.3	1.41
(EBITDA - Capex) / Interest Expense	5.96	4.82	2.62	1.27	1.36
Total Debt / EBITDA	4.38	4.47	6.7	11.1	10.21
Net Debt / EBITDA	2.85	3.08	5.41	10.58	9.31
Total Debt / (EBITDA - Capex)	4.39	4.49	6.72	11.35	10.56
Net Debt / (EBITDA - Capex)	2.85	3.09	5.43	10.82	9.63
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	24.57	0.12	-1.12	-15.56	11.69
Gross Profit, 1 Yr. Growth %	41.44	-2.36	-3.84	-31.23	18.19
EBITDA, 1 Yr. Growth %	41.32	0.86	-11.47	-35.74	3.2
EBITA, 1 Yr. Growth %	53.68	1.81	-14.92	-51.45	4.12
EBIT, 1 Yr. Growth %	53.68	1.81	-14.92	-51.45	4.12
Earnings From Cont. Operations, 1 Yr. Growth %	439.42	-4.75	-44.26	-148.78	-47.16
Net Income, 1 Yr. Growth %	373.98	-1.77	-45.46	-186.77	-42.17
Diluted EPS Before Extra, 1 Yr. Growth %	373.98	-1.77	-45.46	-186.77	-42.17
Normalized Net Income, 1 Yr. Growth %	16.35	1.35	-41.42	-185.87	-25.35
Net Property, Plant and Equip., 1 Yr. Growth %	-2.08	1.28	19.65	2.96	-2.41
Accounts Receivable, 1 Yr. Growth %	21.76	35.55	-10.29	0.18	-40.06
Total Assets, 1 Yr. Growth %	3.04	0.71	9.95	0.06	-4.64
Common Equity, 1 Yr. Growth %	0.94	1.82	-0.97	-5.16	-6.42
Tangible Book Value, 1 Yr. Growth %	0.94	1.82	-0.97	-5.16	-6.42
Cash From Operations, 1 Yr. Growth %	54.33	-37.14	34.36	-2.97	11.82
Capital Expenditures, 1 Yr. Growth %	-60.58	66.25	-5.09	328.34	57.02
Levered Free Cash Flow, 1 Yr. Growth %	39.64	-47.66	81.15	-71.95	147.83
Unlevered Free Cash Flow, 1 Yr. Growth %	37.71	-48.83	74.43	-42.92	54.62
Dividend Per Share, 1 Yr. Growth %	33.33	0	0	-50	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	6.49	11.68	-0.5	-8.63	-2.89
Gross Profit, 2 Yr. CAGR %	11.16	17.52	-3.1	-18.68	-9.84
EBITDA, 2 Yr. CAGR %	9.12	19.39	-6.85	-25.61	-16.37
EBITA, 2 Yr. CAGR %	8.74	25.09	-8.54	-36.86	-25.68
EBIT, 2 Yr. CAGR %	8.74	25.09	-8.54	-36.86	-25.68
Earnings From Cont. Operations, 2 Yr. CAGR %	4.73	126.67	-27.14	-47.85	-49.23
Net Income, 2 Yr. CAGR %	2.4	115.78	-26.81	-31.21	-29.16
Diluted EPS Before Extra, 2 Yr. CAGR %	2.4	115.78	-26.81	-31.21	-29.16
Normalized Net Income, 2 Yr. CAGR %	0.84	8.59	-22.95	-31.48	-19.94
Net Property, Plant and Equip., 2 Yr. CAGR %	7.82	-0.41	10.09	10.99	0.24
Accounts Receivable, 2 Yr. CAGR %	26.45	28.47	10.27	-5.2	-22.51
Total Assets, 2 Yr. CAGR %	6.49	1.87	5.23	4.89	-2.32
Common Equity, 2 Yr. CAGR %	-2.1	1.38	0.42	-3.09	-5.79
Tangible Book Value, 2 Yr. CAGR %	-2.1	1.38	0.42	-3.09	-5.79
Cash From Operations, 2 Yr. CAGR %	25.96	-1.51	-8.1	14.18	4.16
Capital Expenditures, 2 Yr. CAGR %	-31.47	-19.05	25.62	101.63	159.34
Levered Free Cash Flow, 2 Yr. CAGR %	89.02	-14.51	-20.54	-29.66	-11.75
Unlevered Free Cash Flow, 2 Yr. CAGR %	69.3	-16.06	-7.36	-1.17	-4.08
Dividend Per Share, 2 Yr. CAGR %	-18.35	15.47	0	-29.29	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	6.87	4.32	7.24	-5.8	-2.3
Gross Profit, 3 Yr. CAGR %	10.71	6.46	9.92	-13.57	-7.89
EBITDA, 3 Yr. CAGR %	10.85	6.29	7.03	-18.45	-15.55
EBITA, 3 Yr. CAGR %	10	6.38	8.73	-26.82	-23.17
EBIT, 3 Yr. CAGR %	10	6.38	8.73	-26.82	-23.17
Earnings From Cont. Operations, 3 Yr. CAGR %	9.94	1.47	42.01	-36.26	-47.62
Net Income, 3 Yr. CAGR %	12.32	0.99	36.43	-22.53	-35.08
Diluted EPS Before Extra, 3 Yr. CAGR %	12.32	0.99	36.43	-22.53	-35.08
Normalized Net Income, 3 Yr. CAGR %	2.38	1.01	-11.6	-21.93	-29.49
Net Property, Plant and Equip., 3 Yr. CAGR %	19.91	5.59	5.87	7.66	6.33
Accounts Receivable, 3 Yr. CAGR %	33.5	29.41	13.98	6.8	-18.63
Total Assets, 3 Yr. CAGR %	12.16	4.53	4.49	3.48	1.61
Common Equity, 3 Yr. CAGR %	-2.2	-0.81	0.59	-1.48	-4.21
Tangible Book Value, 3 Yr. CAGR %	-2.2	-0.81	0.59	-1.48	-4.21
Cash From Operations, 3 Yr. CAGR %	21.72	-0.09	9.23	-6.42	13.39
Capital Expenditures, 3 Yr. CAGR %	-24.82	-7.91	-14.64	89.07	85.51
Levered Free Cash Flow, 3 Yr. CAGR %	27.53	23.2	-4.11	-44.34	11.16
Unlevered Free Cash Flow, 3 Yr. CAGR %	26.68	13.62	5.73	-21.67	16.33
Dividend Per Share, 3 Yr. CAGR %	-12.64	-12.64	10.06	-20.63	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	8.44	5.43	3.86	-1.06	3.07
Gross Profit, 5 Yr. CAGR %	9.14	7.17	4.97	-4.42	1.54
EBITDA, 5 Yr. CAGR %	6.55	5.29	3.4	-8.38	-3.56
EBITA, 5 Yr. CAGR %	4.29	3.7	2.17	-14.26	-7.28
EBIT, 5 Yr. CAGR %	4.29	3.7	2.17	-14.26	-7.28
Earnings From Cont. Operations, 5 Yr. CAGR %	-0.04	-5.91	-6.74	-22.25	-5.89
Net Income, 5 Yr. CAGR %	-5.84	-10.82	-5.36	-13.38	4.96
Diluted EPS Before Extra, 5 Yr. CAGR %	-5.84	-10.82	-5.36	-13.38	4.96
Normalized Net Income, 5 Yr. CAGR %	-8.81	-9.33	-8.62	-13.51	-16.2
Net Property, Plant and Equip., 5 Yr. CAGR %	11.48	10.29	15.88	7.72	3.58
Accounts Receivable, 5 Yr. CAGR %	41.68	42.51	23.67	14.26	-2.32
Total Assets, 5 Yr. CAGR %	12.38	4.19	9.34	4.67	1.71
Common Equity, 5 Yr. CAGR %	3.62	-2.5	-1.16	-1.73	-2.01
Tangible Book Value, 5 Yr. CAGR %	3.62	-2.5	-1.16	-1.73	-2.01
Cash From Operations, 5 Yr. CAGR %	7.14	-2.52	8.78	5.39	7.18
Capital Expenditures, 5 Yr. CAGR %	-21.05	-32.88	-7.68	25.99	33.14
Levered Free Cash Flow, 5 Yr. CAGR %	12.18	-3.19	5.54	-9.23	-7.74
Unlevered Free Cash Flow, 5 Yr. CAGR %	11.44	-4.28	11.77	6.61	1.3
Dividend Per Share, 5 Yr. CAGR %	-	-19.73	-7.79	-19.73	-