Musharaka REIT

SAU:4335Real Estatetasi

SAR 3.16−1.25%At closeAt close · Mon 19 Oct · ≈ AED 3.09 · Market cap $75.8M

Ratio	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	Current · undated	YoY
Gross margin	97.9%	98.3%	79.1%	50.8%	37.4%	2.3%	—	—
Operating margin	43.9%	54.2%	36.2%	43.6%	35.1%	32.1%	32.1%	+0.0 pts
Net margin	38.6%	33.6%	9.7%	−7.8%	−21.0%	−113.1%	−113.1%	+0.0 pts
EBITDA margin	70.7%	72.6%	69.3%	70.8%	64.5%	−27.1%	—	—
Return on equity	4.1%	3.5%	1.3%	−1.1%	−3.0%	−17.9%	−17.9%	+0.0 pts
Return on assets	2.7%	2.1%	0.7%	−0.5%	−1.4%	−7.7%	−7.7%	+0.0 pts
Return on capital employed	3.1%	3.5%	2.7%	3.0%	2.4%	2.2%	—	—
Debt / equity	0.5×	0.6×	1.1×	1.0×	1.1×	1.3×	1.3×	+0.0%
Debt / assets	33.3%	38.0%	56.5%	48.6%	49.8%	54.5%	—	—
Interest coverage	2.5×	3.1×	1.4×	0.9×	0.7×	0.6×	—	—
Current ratio	2.4×	2.1×	0.6×	1.4×	4.9×	9.0×	9.0×	+0.0%
Quick ratio	2.4×	2.2×	0.6×	1.4×	4.9×	9.0×	—	—
Cash ratio	1.3×	1.2×	0.2×	0.1×	0.1×	0.3×	0.3×	+0.0%
Asset turnover	0.1×	0.1×	0.1×	0.1×	0.1×	0.1×	—	—
Inventory turnover	—	−0.3×	−1.7×	—	—	—	—	—
Receivables turnover	0.4×	2.5×	0.5×	2.7×	2.6×	1.9×	—	—
Dividend payout	170.7%	175.2%	484.4%	−284.6%	−79.0%	−19.2%	—	—

Margins, returns, leverage and liquidityUpdated 31 Dec 2025 ·

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Current snapshot ratios have no reporting date and are shown separately from fiscal periods.