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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	17.63	18.21	18.56	18.64	18.07	16.75
Other Revenue	-	-	-	-	0.01	-
Revenue	17.63	18.21	18.56	18.64	18.07	16.75
Revenue Growth (YoY)	-4.17%	-1.92%	-0.43%	3.16%	7.90%	-0.36%
Selling, General & Admin	0.01	0.01	0.01	0.16	0.01	-
Depreciation & Amortization	2.57	2.56	2.53	0.03	2.5	2.47
Other Operating Expenses	9.71	10.21	10.48	12.77	10.14	8.96
Total Operating Expenses	12.29	12.78	13.01	12.95	12.65	11.43
Operating Income	5.35	5.43	5.56	5.69	5.42	5.32
Interest Expense	-2.42	-2.61	-2.78	-2.7	-2.71	-2.89
Interest Income	0.05	0.04	0.04	0.04	0	0
Net Interest Expense	-2.38	-2.57	-2.74	-2.67	-2.71	-2.89
Other Non-Operating Income (Expenses)	0.05	0.07	-0.07	-0.05	-0.08	-0.07
EBT Excluding Unusual Items	3.01	2.93	2.75	2.98	2.63	2.36
Gain (Loss) on Sale of Assets	0	0	-	-	0.01	-
Pretax Income	3.02	2.93	2.75	2.98	2.64	2.36
Income Tax Expense	0.42	0.41	0.46	0.54	0.29	0.52
Net Income	2.6	2.52	2.29	2.44	2.35	1.84
Net Income to Common	2.6	2.52	2.29	2.44	2.35	1.84
Net Income Growth	10.47%	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	11.21%	8.92%	-6.43%	4.66%	26.82%	23.98%
Free Cash Flow	7.77	7.97	7.63	7.7	8.16	8.54
Free Cash Flow Per Share	0.05	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	219.04%	6.66%	-72.73%	1.85%	-	-
Profit Margin	14.72%	13.84%	12.31%	13.10%	13.01%	10.98%
Free Cash Flow Margin	44.04%	43.77%	41.10%	41.30%	45.15%	50.95%
EBITDA	7.9	7.99	8.07	8.19	7.92	7.79
EBITDA Margin	44.82%	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	5.35	5.43	5.56	5.69	5.42	5.32
EBIT Margin	30.32%	29.82%	29.93%	30.53%	30.00%	31.74%
Effective Tax Rate	13.99%	14.08%	16.88%	18.11%	10.85%	22.03%

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