Oman National Engineering & Investment Company SAOG (MSM:ONES)

MSM:ONES 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	86.67	71.58	52.53	61.01	60.17	58.38
Other Revenue	-	-	-	-	0.61	0.15
Revenue	86.67	71.58	52.53	61.01	60.78	58.53
Revenue Growth (YoY)	56.09%	36.26%	-13.90%	0.38%	3.84%	7.52%
Cost of Revenue	57.41	42.64	29.66	38.41	38.65	38.45
Gross Profit	29.25	28.93	22.87	22.61	22.13	20.08
Selling, General & Admin	20.53	20.53	15.24	14.63	15.71	15.29
Other Operating Expenses	1.36	1.36	1.44	2.16	0.72	0.49
Operating Expenses	23.4	23.4	18.13	18.33	18.1	17.45
Operating Income	5.85	5.53	4.75	4.28	4.03	2.63
Interest Expense	-2.85	-2.85	-2.45	-2.53	-2.48	-2.29
Interest & Investment Income	0.26	0.26	0.37	0.13	0.14	0.09
Currency Exchange Gain (Loss)	-0	-0	-0.02	0.04	-0.02	-
Other Non Operating Income (Expenses)	0.15	0.15	0.12	0.51	0	-
EBT Excluding Unusual Items	3.41	3.09	2.76	2.43	1.66	0.43
Gain (Loss) on Sale of Assets	0.04	0.04	0.14	0.18	0.24	0.03
Pretax Income	3.45	3.13	2.9	2.6	1.9	0.46
Income Tax Expense	0.47	0.47	0.4	0.37	0.42	0.08
Earnings From Continuing Operations	2.98	2.65	2.5	2.24	1.48	0.39
Minority Interest in Earnings	-0.04	-0.04	-0.11	-0.07	-0.05	0.07
Net Income	2.93	2.61	2.39	2.17	1.43	0.45
Net Income to Common	2.93	2.61	2.39	2.17	1.43	0.45
Net Income Growth	24.77%	9.44%	10.12%	52.08%	213.75%	-77.44%
Shares Outstanding (Basic)	150	150	150	150	150	150
Shares Outstanding (Diluted)	150	150	150	150	150	150
Shares Change (YoY)	3.00%	-	-	0.00%	-	0.00%
EPS (Basic)	0.02	0.02	0.02	0.01	0.01	0.00
EPS (Diluted)	0.02	0.02	0.02	0.01	0.01	0.00
EPS Growth	18.56%	6.82%	13.67%	50.54%	207.13%	-77.45%
Free Cash Flow	-	11.86	-2.32	1	1.22	-9.21
Free Cash Flow Per Share	-	0.08	-0.01	0.01	0.01	-0.06
Dividend Per Share	-	0.010	0.010	0.005	0.004	-
Dividend Growth	-	-	112.77%	6.82%	-	-
Gross Margin	33.75%	40.42%	43.54%	37.05%	36.41%	34.30%
Operating Margin	6.75%	7.73%	9.03%	7.01%	6.63%	4.49%
Profit Margin	3.38%	3.65%	4.54%	3.55%	2.34%	0.78%
Free Cash Flow Margin	-	16.58%	-4.41%	1.63%	2.00%	-15.73%
EBITDA	7.36	7.04	6.2	5.81	5.7	4.3
EBITDA Margin	8.49%	9.83%	11.79%	9.52%	9.37%	7.35%
D&A For EBITDA	1.5	1.51	1.45	1.53	1.67	1.67
EBIT	5.85	5.53	4.75	4.28	4.03	2.63
EBIT Margin	6.75%	7.73%	9.03%	7.01%	6.63%	4.49%
Effective Tax Rate	13.67%	15.07%	13.81%	14.17%	22.27%	16.45%
Advertising Expenses	-	0.35	0.38	-	-	-

Updated Feb 19, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.