Saudi Steel Pipes Company Income Statement

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

Millions SAR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,412	1,630	1,335	747.62	373.48
Revenue Growth (YoY)	-13.37%	22.14%	78.53%	100.17%	-21.36%
Cost of Revenue	1,066	1,231	1,051	640.46	346.15
Gross Profit	346.22	399.59	283.35	107.16	27.33
Selling, General & Admin	103.71	97.46	66.3	39.74	37.12
Other Operating Expenses	-13.7	-5.88	-10.16	-2.65	-3.15
Operating Expenses	89.19	90.5	58.18	37.67	32.79
Operating Income	257.03	309.09	225.17	69.49	-5.45
Interest Expense	-24.77	-32.66	-32.66	-11.07	-7.03
Interest & Investment Income	4.03	1.26	2.38	-	-
Earnings From Equity Investments	-	-	3.12	9.17	-5.23
Other Non Operating Income (Expenses)	-10.09	-12.27	-4.3	-2.74	0.11
EBT Excluding Unusual Items	226.2	265.41	193.71	64.85	-17.59
Gain (Loss) on Sale of Investments	-	-	-9.68	-	-
Gain (Loss) on Sale of Assets	0.06	0.1	0.05	0.02	-
Asset Writedown	-	-	-	-	0.04
Other Unusual Items	53.63	-	40.33	-	-
Pretax Income	279.9	265.51	224.41	64.87	-17.55
Income Tax Expense	16.73	15.3	6.94	9.98	0.44
Earnings From Continuing Operations	263.17	250.21	217.46	54.89	-17.99
Earnings From Discontinued Operations	-0.07	0.09	-0.2	-0.68	18.92
Net Income to Company	263.1	250.31	217.26	54.21	0.93
Minority Interest in Earnings	-71.57	-69.67	-44.21	-	-
Net Income	191.53	180.63	173.05	54.21	0.93
Net Income to Common	191.53	180.63	173.05	54.21	0.93
Net Income Growth	6.04%	4.38%	219.25%	5718.27%	-
Shares Outstanding (Basic)	51	51	51	51	51
Shares Outstanding (Diluted)	51	51	51	51	51
Shares Change (YoY)	-	-	-	0.91%	-
EPS (Basic)	3.79	3.57	3.42	1.07	0.02
EPS (Diluted)	3.76	3.54	3.39	1.06	0.02
EPS Growth	6.04%	4.38%	219.33%	5664.82%	-
Free Cash Flow	325.49	-4.89	307.57	-13.93	55.2
Free Cash Flow Per Share	6.38	-0.10	6.03	-0.27	1.09
Dividend Per Share	-	1.000	0.740	-	-
Dividend Growth	-	35.13%	-	-	-
Gross Margin	24.52%	24.51%	21.23%	14.33%	7.32%
Operating Margin	18.20%	18.96%	16.87%	9.29%	-1.46%
Profit Margin	13.56%	11.08%	12.97%	7.25%	0.25%
Free Cash Flow Margin	23.05%	-0.30%	23.04%	-1.86%	14.78%
EBITDA	334.07	384.55	279.35	110.84	38.93
EBITDA Margin	23.66%	23.59%	20.93%	14.83%	10.42%
D&A For EBITDA	77.04	75.46	54.18	41.35	44.38
EBIT	257.03	309.09	225.17	69.49	-5.45
EBIT Margin	18.20%	18.96%	16.87%	9.29%	-1.46%
Effective Tax Rate	5.98%	5.76%	3.09%	15.39%	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.