Sembcorp Salalah Power & Water Company SAOG (MSM:SSPW)

MSM:SSPW 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
Revenue	83.47	82.52	79.18	74.18	72.23	71.88
Revenue Growth (YoY)	1.64%	4.22%	6.74%	2.70%	0.48%	-2.72%
Selling, General & Admin	0.32	0.39	0.31	0.37	0.27	0.37
Depreciation & Amortization	0.03	0.03	0.03	0.03	0.06	0.06
Provision for Bad Debts	-	-	-	-0.01	0.02	-
Other Operating Expenses	53.06	51.31	48.64	42.2	39.72	39.24
Total Operating Expenses	53.41	51.73	48.98	42.59	40.07	39.68
Operating Income	30.06	30.79	30.19	31.58	32.16	32.21
Interest Expense	-4.22	-5.68	-7.41	-8.68	-10.56	-12.51
Interest Income	1.51	1.51	1.48	0.33	0.1	0.25
Net Interest Expense	-2.71	-4.17	-5.92	-8.34	-10.47	-12.26
Other Non-Operating Income (Expenses)	-0.24	-0.12	-0.11	-0.11	-0.15	-0.11
EBT Excluding Unusual Items	27.1	26.5	24.16	23.13	21.54	19.83
Gain (Loss) on Sale of Assets	0	0	-	-0.04	0	-
Insurance Settlements	-	-	-	-	-	1.64
Pretax Income	27.1	26.5	24.16	23.09	21.54	21.48
Income Tax Expense	4.05	4.03	3.63	3.47	3.24	3.15
Net Income	23.05	22.47	20.53	19.62	18.3	18.32
Net Income to Common	23.05	22.47	20.53	19.62	18.3	18.32
Net Income Growth	6.23%	9.47%	4.61%	7.21%	-0.12%	21.75%
Shares Outstanding (Basic)	939	955	955	955	955	955
Shares Outstanding (Diluted)	939	955	955	955	955	955
EPS (Basic)	0.02	0.02	0.02	0.02	0.02	0.02
EPS (Diluted)	0.02	0.02	0.02	0.02	0.02	0.02
EPS Growth	9.08%	9.30%	4.60%	7.21%	-0.12%	21.76%
Free Cash Flow	33.29	32.01	27.85	34.62	31.91	29.22
Free Cash Flow Per Share	0.04	0.03	0.03	0.04	0.03	0.03
Dividend Per Share	0.008	0.008	0.003	0.007	0.010	0.008
Dividend Growth	220.00%	220.00%	-66.67%	-27.18%	25.61%	-16.33%
Profit Margin	27.62%	27.23%	25.92%	26.45%	25.34%	25.49%
Free Cash Flow Margin	39.88%	38.80%	35.17%	46.68%	44.17%	40.65%
EBITDA	41.25	41.98	41.41	42.8	43.31	43.31
EBITDA Margin	49.42%	50.88%	52.30%	57.70%	59.97%	60.26%
D&A For EBITDA	11.19	11.19	11.22	11.22	11.15	11.11
EBIT	30.06	30.79	30.19	31.58	32.16	32.21
EBIT Margin	36.01%	37.31%	38.13%	42.58%	44.52%	44.80%
Effective Tax Rate	14.94%	15.21%	15.03%	15.03%	15.05%	14.68%

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