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Banan Real Estate Co. announces its Interim Financial results for the Period Ending on 2025-03-31 ( Three Months )

08/05/2025

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	18,031,761	39,295,850	-54.112	13,446,952	34.095
Gross Profit (Loss)	15,249,227	20,959,274	-27.243	13,485,778	13.076
Operational Profit (Loss)	12,492,933	19,133,265	-34.705	10,325,404	20.992
Net profit (Loss)	9,997,824	13,637,077	-26.686	5,540,511	80.449
Total Comprehensive Income	9,837,426	13,583,677	-27.579	5,479,317	79.537
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Shareholders Equity (after Deducting Minority Equity)	404,736,114	395,012,591	2.461
Profit (Loss) per Share	0.05	0.07
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is	The decrease in revenues during the current quarter compared to the same quarter of the previous year, despite a 9% increase in rental revenues compared to the first quarter of 2024, is due to land sales in the Al-Qadisiyah neighborhood in the previous quarter, valued at SAR 22.6 million, and no land sales in the current quarter.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	The reason for the decrease in net profit during the current quarter compared to the same quarter of the previous year is due to the presence of profits from the sales of Al-Qadisiyah lands in the first quarter of 2024 AD.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The reason for the increase in revenues during the current quarter compared to the previous quarter (Q4 2024) is due to the increase in rental revenues in the company and its subsidiary, Al Aziza Real Estate Investment and Development Company.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The increase in net profit during the current quarter compared to the previous quarter is due to: 1. A 34% increase in rental revenues. 2. A loss provision in the previous quarter amounting to SAR 1.084 million, and a reversal of SAR 502,000 in the current quarter to collect amounts from tenants. 3. A decrease in the value of investment properties in the previous quarter amounting to SAR 616,000, and a gain from reversing the decrease in the current quarter amounting to SAR 262,000.
Statement of the type of external auditor's report	Unmodified conclusion
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)	none
Reclassification of Comparison Items	Comparative figures have been reclassified to conform to the current presentation.
Additional Information	-

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