On 2026-03-30 15:36:38 (Saudi Time), Saudi Real Estate Co ("Al Akaria") announced its Annual financial results for the twelve months ended on December 31, 2025.

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year	Revenues for the current year decreased by 5.4% (SAR 108 million) compared to the previous year, primarily due to the following: - Decrease in infrastructure projects revenues by 20% with the amount of ( SAR 193 million). - Decrease in construction projects revenues by 91% with the amount of ( SAR 44 million). However, property sales revenues has increased by 14% with the amount of ( SAR 79 million), in addition to an increase in rental revenues by 9% with the amount of ( SAR 29 million) , mainly driven by higher occupancy rates and an increase in the average rental rate per square meter.
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	Net profit for the current year increased by 37.6% compared to the previous year, primarily due to the increase in gross profit from infrastructure projects, property sales in addition to the decrease in financial charges, with an increase in income from Shariah compliant time deposits .
Statement of the type of external auditor's report	Unmodified opinion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)	1- We draw attention to note (9) to the consolidated financial statements for the year ended 31 December 2023, as stated therein, certain land parcels owned by the Group are currently not available for use or development due to various reasons, of which certain reasons relate to the areas where these lands are located and other related to the fact that they are under study from specialised committees to resolve these matters. The management is currently communicating with the related government agencies and committees to address these reasons to allow the use of these lands. The impact on the net realisable value of these lands is still uncertain and depend on the final results of the study by the assigned committees. The carrying value of these lands amounted to SR 438 million as at 31 December 2025 (31 December 2024: SR 438million). 2- We draw attention to note (9) to the consolidated financial statements. as stated therein, during the period; it has come to management’s attention that the land which was designated for the Al Widyan project is located within an area that is currently under study by the relevant government agencies with the aim of developing it, which may result into a fundamental change to the original project’s plan and may impact the land’s realisable value. The effect of the extent of this study remains uncertain and is dependent on future development by the relevant government agencies’ plan. The carrying value of the land and capital work-in-progress amounted to SR 2.9 billion as at 31 December 2025 (31 December 2024: SR 2.9 billion).
Reclassification of Comparison Items	Certain of the prior period amounts have been reclassified to conform to the presentation in the current period.
Additional Information	-
Attached Documents

Year-on-Year Performance Drivers

Sales declined 5.41% YoY to SAR 1,880.1 million primarily due to a 20% decrease in infrastructure projects revenues (SAR 193 million decline) and a 91% drop in construction projects revenues (SAR 44 million decline), partially offset by a 14% increase in property sales revenues (SAR 79 million) and 9% growth in rental revenues (SAR 29 million) driven by higher occupancy rates. Net profit increased 37.61% to SAR 296 million despite lower sales, mainly due to increased gross profit from infrastructure projects and property sales, combined with decreased financial charges and higher income from Shariah compliant time deposits.

Other Items

The auditors issued an unmodified opinion but included two emphasis of matter paragraphs highlighting significant uncertainties. First, certain land parcels with a carrying value of SAR 438 million are currently unavailable for use or development due to various reasons related to their locations and are under study by specialized committees, with uncertain impact on net realizable value. Second, the Al Widyan project land and capital work-in-progress valued at SAR 2.9 billion is located within an area under government study for development, which may result in fundamental changes to the original project plan and impact the land's realizable value, with effects remaining uncertain pending future government development plans.

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