Muscat City Desalination Company SAOG (MSM:MCDE)

MSM:MCDE Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	18.11	18.21	18.56	18.64	18.07	16.75
Other Revenue	-	-	-	-	0.01	-
Revenue	18.11	18.21	18.56	18.64	18.07	16.75
Revenue Growth (YoY)	-2.19%	-1.92%	-0.43%	3.16%	7.90%	-0.36%
Selling, General & Admin	0.03	0.01	0.01	0.16	0.01	-
Depreciation & Amortization	2.56	2.56	2.53	0.03	2.5	2.47
Other Operating Expenses	10.16	10.21	10.48	12.77	10.14	8.96
Total Operating Expenses	12.75	12.78	13.01	12.95	12.65	11.43
Operating Income	5.36	5.43	5.56	5.69	5.42	5.32
Interest Expense	-2.54	-2.61	-2.78	-2.7	-2.71	-2.89
Interest Income	0.04	0.04	0.04	0.04	0	0
Net Interest Expense	-2.5	-2.57	-2.74	-2.67	-2.71	-2.89
Other Non-Operating Income (Expenses)	0.07	0.07	-0.07	-0.05	-0.08	-0.07
EBT Excluding Unusual Items	2.93	2.93	2.75	2.98	2.63	2.36
Gain (Loss) on Sale of Assets	0	0	-	-	0.01	-
Pretax Income	2.93	2.93	2.75	2.98	2.64	2.36
Income Tax Expense	0.41	0.41	0.46	0.54	0.29	0.52
Net Income	2.52	2.52	2.29	2.44	2.35	1.84
Net Income to Common	2.52	2.52	2.29	2.44	2.35	1.84
Net Income Growth	8.67%	10.28%	-6.43%	3.87%	27.77%	23.99%
Shares Outstanding (Basic)	156	156	156	156	156	156
Shares Outstanding (Diluted)	156	156	156	156	156	156
EPS (Basic)	0.02	0.02	0.01	0.02	0.02	0.01
EPS (Diluted)	0.02	0.02	0.01	0.02	0.01	0.01
EPS Growth	7.32%	8.92%	-6.43%	4.66%	26.82%	23.98%
Free Cash Flow	-	7.97	7.63	7.7	8.16	8.54
Free Cash Flow Per Share	-	0.05	0.05	0.05	0.05	0.06
Dividend Per Share	0.005	0.005	0.005	0.018	0.017	-
Dividend Growth	6.66%	6.66%	-72.73%	1.85%	-	-
Profit Margin	13.91%	13.84%	12.31%	13.10%	13.01%	10.98%
Free Cash Flow Margin	-	43.77%	41.10%	41.30%	45.15%	50.95%
EBITDA	7.92	7.99	8.07	8.19	7.92	7.79
EBITDA Margin	43.74%	43.86%	43.49%	43.90%	43.80%	46.49%
D&A For EBITDA	2.56	2.56	2.52	2.49	2.5	2.47
EBIT	5.36	5.43	5.56	5.69	5.42	5.32
EBIT Margin	29.61%	29.82%	29.93%	30.53%	30.00%	31.74%
Effective Tax Rate	14.02%	14.08%	16.88%	18.11%	10.85%	22.03%

Source: S&P Global Market Intelligence. Utility template. Financial Sources.