Musharaka REIT Fund Balance Sheet

Financials in millions SAR. Fiscal year is January - December.

Millions SAR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2017
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	2020 - 2017
Property, Plant & Equipment	1,163	1,285	1,323	1,335	1,109	Upgrade
Cash & Equivalents	28.7	57.93	8.38	31.49	58.14	Upgrade
Accounts Receivable	242.05	241.69	249.67	246.65	265.94	Upgrade
Other Current Assets	0.9	2.66	47.8	38.72	-	Upgrade
Trading Asset Securities	0.52	-	5.46	5.31	5.28	Upgrade
Deferred Long-Term Charges	-	-	-	-	3.49	Upgrade
Total Assets	1,435	1,588	1,634	1,657	1,442	Upgrade
Current Portion of Leases	9	9.38	14.7	8.65	14.39	Upgrade
Long-Term Debt	673.97	678.33	661.72	657.44	405.27	Upgrade
Long-Term Leases	107.99	116.98	117.89	130.77	127.83	Upgrade
Accrued Expenses	8.35	14.37	32.94	23.76	14.18	Upgrade
Current Income Taxes Payable	-	-	-	-	1.96	Upgrade
Current Unearned Revenue	17.79	19.16	17.58	15.6	17.86	Upgrade
Other Current Liabilities	4.52	4.69	4.37	4.07	1.52	Upgrade
Total Liabilities	821.6	842.91	849.19	840.29	583	Upgrade
Common Stock	613.86	744.87	784.76	816.87	858.77	Upgrade
Shareholders' Equity	613.86	744.87	784.76	816.87	858.77	Upgrade
Total Liabilities & Equity	1,435	1,588	1,634	1,657	1,442	Upgrade
Total Debt	790.95	804.68	794.31	796.86	547.49	Upgrade
Net Cash (Debt)	-761.74	-746.76	-780.47	-760.06	-484.07	Upgrade
Net Cash Per Share	-8.66	-8.49	-8.87	-8.64	-5.50	Upgrade
Filing Date Shares Outstanding	88	88	88	88	88	Upgrade
Total Common Shares Outstanding	88	88	88	88	88	Upgrade
Book Value Per Share	6.98	8.46	8.92	9.28	9.76	Upgrade
Tangible Book Value	613.86	744.87	784.76	816.87	858.77	Upgrade
Tangible Book Value Per Share	6.98	8.46	8.92	9.28	9.76	Upgrade
Land	639.92	639.92	639.92	639.92	563.79	Upgrade
Buildings	659.83	659.83	659.83	650.64	473.27	Upgrade

Source: S&P Capital IQ. Real Estate template. Financial Sources.