Muscat City Desalination Company SAOG (MSM: MCDE)

MCDE Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	18.4	18.56	18.64	18.07	16.75	16.81
Other Revenue	-	-	-	0.01	-	-
Revenue	18.4	18.56	18.64	18.07	16.75	16.81
Revenue Growth (YoY)	-0.98%	-0.43%	3.16%	7.90%	-0.36%	4.60%
Selling, General & Admin	0.17	0.17	0.16	0.01	-	0.34
Depreciation & Amortization	0.05	0.03	0.03	2.5	2.47	0
Other Operating Expenses	12.7	12.81	12.77	10.14	8.96	11.18
Total Operating Expenses	12.92	13.01	12.95	12.65	11.43	11.52
Operating Income	5.49	5.55	5.69	5.42	5.32	5.29
Interest Expense	-2.66	-2.78	-2.7	-2.71	-2.89	-3.12
Interest Income	0.04	0.04	0.04	0	0	0.02
Net Interest Expense	-2.62	-2.74	-2.67	-2.71	-2.89	-3.1
Other Non-Operating Income (Expenses)	-0.04	-0.06	-0.05	-0.08	-0.07	-0.02
EBT Excluding Unusual Items	2.83	2.75	2.98	2.63	2.36	2.17
Gain (Loss) on Sale of Assets	-	-	-	0.01	-	-
Pretax Income	2.83	2.75	2.98	2.64	2.36	2.17
Income Tax Expense	0.48	0.46	0.54	0.29	0.52	0.69
Net Income	2.35	2.29	2.44	2.35	1.84	1.48
Net Income to Common	2.35	2.29	2.44	2.35	1.84	1.48
Net Income Growth	-5.47%	-6.43%	3.87%	27.77%	23.99%	29.16%
Shares Outstanding (Basic)	156	156	156	156	156	156
Shares Outstanding (Diluted)	156	156	156	156	156	156
EPS (Basic)	0.02	0.01	0.02	0.02	0.01	0.01
EPS (Diluted)	0.01	0.01	0.02	0.01	0.01	0.01
EPS Growth	-7.83%	-6.43%	4.66%	26.82%	23.98%	29.16%
Free Cash Flow	7.87	7.63	7.7	8.16	8.54	7.69
Free Cash Flow Per Share	0.05	0.05	0.05	0.05	0.05	0.05
Dividend Per Share	0.002	0.005	0.018	0.017	-	0.009
Dividend Growth	-83.28%	-72.73%	1.85%	-	-	-11.28%
Profit Margin	12.77%	12.31%	13.10%	13.01%	10.99%	8.83%
Free Cash Flow Margin	42.79%	41.10%	41.30%	45.15%	50.96%	45.76%
EBITDA	8.02	8.07	8.19	7.92	7.79	7.76
EBITDA Margin	43.58%	43.47%	43.90%	43.80%	46.49%	46.15%
D&A For EBITDA	2.53	2.52	2.49	2.5	2.47	2.47
EBIT	5.49	5.55	5.69	5.42	5.32	5.29
EBIT Margin	29.81%	29.90%	30.53%	30.00%	31.74%	31.46%
Effective Tax Rate	16.88%	16.88%	18.11%	10.85%	22.03%	31.74%

Source: S&P Capital IQ. Utility template. Financial Sources.