Saudi Steel Pipes Company (TADAWUL:1320)

Saudi Steel Pipes Company Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	225.49	234.24	176.22	209.17	79.33	99.37
Cash & Short-Term Investments	225.49	234.24	176.22	209.17	79.33	99.37
Cash Growth	76.93%	32.93%	-15.75%	163.66%	-20.16%	-33.34%
Accounts Receivable	223.69	230.33	315.37	89.65	100.5	127.05
Other Receivables	2.13	6.51	13.5	16.6	11.3	1.75
Receivables	227.48	237.32	329.49	106.87	111.8	128.8
Inventory	317.03	408.15	453.04	639.19	254.31	118.23
Prepaid Expenses	22.13	13.82	17.78	8.62	2.93	2.65
Total Current Assets	792.11	893.54	976.53	963.84	448.37	349.04
Property, Plant & Equipment	821.07	824.51	1,027	1,066	459.68	498.51
Long-Term Investments	-	-	-	-	114.14	104.97
Other Intangible Assets	4.69	5.24	4.12	0.09	0.15	1.99
Long-Term Deferred Tax Assets	4.07	4.68	6.87	11.71	12.86	13.7
Total Assets	1,623	1,729	2,016	2,044	1,038	972.01

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	119.83	110.57	165.42	276.09	148.7	138.76
Accrued Expenses	61.94	55.65	51.85	55.85	32.99	22.89
Short-Term Debt	33.82	233.24	377.61	204.8	-	59.45
Current Portion of Long-Term Debt	16.36	34.96	118.5	181.39	123.97	123.42
Current Portion of Leases	6.26	4.68	3.84	2.34	1.07	1.66
Current Income Taxes Payable	7.42	11.98	9.08	20.03	9.19	2.16
Other Current Liabilities	77.65	61.67	98.18	187.41	8.39	19.26
Total Current Liabilities	323.27	512.74	824.48	927.91	324.3	367.6
Long-Term Debt	-	-	42.83	142.28	99.34	44.48
Long-Term Leases	10.49	7.23	6.39	7.92	4.33	5.19
Pension & Post-Retirement Benefits	46.54	44.86	39.47	42.49	29.96	29.54
Other Long-Term Liabilities	-	-	-	30	30	30
Total Liabilities	380.31	564.83	913.17	1,151	487.92	476.8

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	510	510	510	510	510	510
Additional Paid-In Capital	4.51	4.51	4.51	4.51	4.51	4.51
Retained Earnings	404.69	360.4	368.51	225.38	52.33	-1.88
Treasury Stock	-11.5	-11.5	-11.5	-11.5	-11.5	-11.5
Comprehensive Income & Other	-10.67	-10.67	-9.07	-6.52	-4.82	-5.93
Total Common Equity	897.03	852.75	862.45	721.87	550.52	495.2
Minority Interest	345.49	311.8	240.62	172	-	-
Shareholders' Equity	1,243	1,165	1,103	893.87	550.52	495.2
Total Liabilities & Equity	1,623	1,729	2,016	2,044	1,038	972.01

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	66.93	280.1	549.17	538.72	228.7	234.19
Net Cash (Debt)	158.56	-45.86	-372.96	-329.56	-149.36	-134.82
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	3.11	-0.90	-7.31	-6.46	-2.93	-2.67
Filing Date Shares Outstanding	50.54	50.54	50.54	50.54	50.54	50.54
Total Common Shares Outstanding	50.54	50.54	50.54	50.54	50.54	50.54
Working Capital	468.84	380.8	152.05	35.92	124.08	-18.55
Book Value Per Share	17.75	16.87	17.06	14.28	10.89	9.80
Tangible Book Value	892.34	847.51	858.34	721.78	550.37	493.21
Tangible Book Value Per Share	17.66	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

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 3, 2026

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