First Avenue for Real Estate Development Co. (9610) is listed on Nomu of the Saudi Exchange (Tadawul) under sector Real Estate Mgmt & Dev't. Financial data sourced from CMA-mandated XBRL filings via Sahm Screener (sahmscreener.com).

For fiscal year 2024, First Avenue for Real Estate Development Co. reported revenue of SAR 255M, net profit of SAR 59M, and earnings per share of SAR 0.34. Total assets stood at SAR 960M with total equity of SAR 530M and total liabilities of SAR 430M.

Operating cash flow for 2024 was SAR 60M, representing a cash conversion ratio of 1.01 relative to net profit. Free cash flow was SAR -39M.

Earnings quality analysis by Sahm Screener: Of every SAR 1.00 in reported net profit for 2024, SAR 1.01 arrived as operating cash. This indicates Exceptional quality earnings based on the cash conversion ratio of 1.01.

Revenue growth from 2023 to 2024: +7.2%. Net profit growth over the same period: +41.4%. 3-year revenue CAGR: 5.4%. 3-year net profit CAGR: 5.4%.

Key financial ratios for 2024: Return on Equity 11.2%, Return on Assets 6.2%, Net Margin 23.3%, Debt to Equity 0.81.

In 2023, First Avenue for Real Estate Development Co. reported revenue of SAR 238M and net profit of SAR 42M, compared to SAR 255M and SAR 59M respectively in 2024.