Maharah for Human Resources Company (TADAWUL:1831)

TADAWUL:1831 Income Statement

Financials in millions SAR. 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	2,877	2,235	1,890	1,684	1,319	1,416
Revenue Growth (YoY)	36.50%	18.28%	12.26%	27.67%	-6.89%	-6.34%
Cost of Revenue	2,591	1,978	1,647	1,455	1,099	1,154
Gross Profit	286.33	257.31	243.44	228.39	219.29	262.05
Selling, General & Admin	134.57	127.17	122	112.56	76.44	69.01
Other Operating Expenses	-38.49	-25.26	-13.33	-	-	-
Operating Expenses	94.04	106.18	133.01	120.93	73.77	79.02
Operating Income	192.29	151.13	110.43	107.46	145.52	183.03
Interest Expense	-43.04	-43.73	-41.2	-9.81	-0.7	-
Interest & Investment Income	0.89	0.89	1.78	0.71	1.1	2.25
Earnings From Equity Investments	10.49	28.31	40.52	15.88	-1.94	-0.32
Other Non Operating Income (Expenses)	-13.15	-	-	8.28	3.28	4.31
EBT Excluding Unusual Items	147.48	136.61	111.53	122.52	147.26	189.27
Impairment of Goodwill	-	-	-1.96	-	-	-
Gain (Loss) on Sale of Investments	1.08	1.44	0.84	3.16	1.27	0.54
Gain (Loss) on Sale of Assets	1.1	1.1	1.15	0.03	10.69	-
Other Unusual Items	-2.51	-2.51	-3.38	-	-	-
Pretax Income	147.15	136.63	108.18	125.71	159.22	189.81
Income Tax Expense	12.08	9.81	9.95	14.74	15.38	10.91
Earnings From Continuing Operations	135.07	126.83	98.24	110.97	143.84	178.9
Minority Interest in Earnings	-	0.66	1.99	2.49	1.09	-1.59
Net Income	135.07	127.48	100.23	113.46	144.93	177.32
Net Income to Common	135.07	127.48	100.23	113.46	144.93	177.32
Net Income Growth	-2.25%	27.20%	-11.67%	-21.71%	-18.27%	-34.83%
Shares Outstanding (Basic)	446	450	450	450	450	450
Shares Outstanding (Diluted)	446	450	450	450	450	450
Shares Change (YoY)	-0.90%	0.04%	-	-	-	-
EPS (Basic)	0.30	0.28	0.22	0.25	0.32	0.39
EPS (Diluted)	0.30	0.28	0.22	0.25	0.32	0.39
EPS Growth	-0.45%	27.27%	-12.75%	-21.71%	-18.27%	-34.83%
Free Cash Flow	79.77	32.19	133.94	180.17	16.25	238.84
Free Cash Flow Per Share	0.18	0.07	0.30	0.40	0.04	0.53
Dividend Per Share	0.080	0.150	0.175	0.188	0.313	0.354
Dividend Growth	-44.83%	-14.29%	-6.67%	-40.00%	-11.77%	-27.60%
Gross Margin	9.95%	11.51%	12.88%	13.57%	16.63%	18.50%
Operating Margin	6.68%	6.76%	5.84%	6.38%	11.04%	12.92%
Profit Margin	4.69%	5.70%	5.30%	6.74%	10.99%	12.52%
Free Cash Flow Margin	2.77%	1.44%	7.09%	10.70%	1.23%	16.86%
EBITDA	213.78	163.26	123.09	121.98	159.28	197.05
EBITDA Margin	7.43%	7.30%	6.51%	7.25%	12.08%	13.91%
D&A For EBITDA	21.49	12.13	12.67	14.52	13.76	14.02
EBIT	192.29	151.13	110.43	107.46	145.52	183.03
EBIT Margin	6.68%	6.76%	5.84%	6.38%	11.04%	12.92%
Effective Tax Rate	8.21%	7.18%	9.19%	11.72%	9.66%	5.75%
Advertising Expenses	-	8.08	6.54	6.68	4.77	5.13

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.