Saudi Steel Pipes Company Balance Sheet

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
Cash & Equivalents	234.24	176.22	209.17	79.33	99.37
Cash & Short-Term Investments	234.24	176.22	209.17	79.33	99.37
Cash Growth	32.93%	-15.75%	163.66%	-20.16%	-33.34%
Accounts Receivable	230.33	315.37	89.65	100.5	127.05
Other Receivables	6.51	13.5	16.6	11.3	1.75
Receivables	237.32	329.49	106.87	111.8	128.8
Inventory	408.15	453.04	639.19	254.31	118.23
Prepaid Expenses	13.82	17.78	8.62	2.93	2.65
Total Current Assets	893.54	976.53	963.84	448.37	349.04
Property, Plant & Equipment	824.51	1,027	1,066	459.68	498.51
Long-Term Investments	-	-	-	114.14	104.97
Other Intangible Assets	5.24	4.12	0.09	0.15	1.99
Long-Term Deferred Tax Assets	4.68	6.87	11.71	12.86	13.7
Total Assets	1,729	2,016	2,044	1,038	972.01
Accounts Payable	110.57	165.42	276.09	148.7	138.76
Accrued Expenses	55.65	51.85	55.85	32.99	22.89
Short-Term Debt	233.24	377.61	204.8	-	59.45
Current Portion of Long-Term Debt	34.96	118.5	181.39	123.97	123.42
Current Portion of Leases	4.68	3.84	2.34	1.07	1.66
Current Income Taxes Payable	11.98	9.08	20.03	9.19	2.16
Other Current Liabilities	61.67	98.18	187.41	8.39	19.26
Total Current Liabilities	512.74	824.48	927.91	324.3	367.6
Long-Term Debt	-	42.83	142.28	99.34	44.48
Long-Term Leases	7.23	6.39	7.92	4.33	5.19
Pension & Post-Retirement Benefits	44.86	39.47	42.49	29.96	29.54
Other Long-Term Liabilities	-	-	30	30	30
Total Liabilities	564.83	913.17	1,151	487.92	476.8
Common Stock	510	510	510	510	510
Additional Paid-In Capital	4.51	4.51	4.51	4.51	4.51
Retained Earnings	360.4	368.51	225.38	52.33	-1.88
Treasury Stock	-11.5	-11.5	-11.5	-11.5	-11.5
Comprehensive Income & Other	-10.67	-9.07	-6.52	-4.82	-5.93
Total Common Equity	852.75	862.45	721.87	550.52	495.2
Minority Interest	311.8	240.62	172	-	-
Shareholders' Equity	1,165	1,103	893.87	550.52	495.2
Total Liabilities & Equity	1,729	2,016	2,044	1,038	972.01
Total Debt	280.1	549.17	538.72	228.7	234.19
Net Cash (Debt)	-45.86	-372.96	-329.56	-149.36	-134.82
Net Cash Per Share	-0.90	-7.31	-6.46	-2.93	-2.67
Filing Date Shares Outstanding	50.54	50.54	50.54	50.54	50.54
Total Common Shares Outstanding	50.54	50.54	50.54	50.54	50.54
Working Capital	380.8	152.05	35.92	124.08	-18.55
Book Value Per Share	16.87	17.06	14.28	10.89	9.80
Tangible Book Value	847.51	858.34	721.78	550.37	493.21
Tangible Book Value Per Share	16.77	16.98	14.28	10.89	9.76
Land	6.15	164	164	157.85	157.85
Buildings	447.79	439.32	417.72	207.67	207.88
Machinery	1,319	1,303	1,057	613.31	613.19
Construction In Progress	3.95	2.21	235.05	-	0.65

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