TADAWUL:2081 Income Statement

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

Millions SAR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	2,488	1,952	1,680	822.03	569.04	520.83
Revenue Growth (YoY)	37.07%	16.21%	104.35%	44.46%	9.25%	23.06%
Operations & Maintenance	120.3	68.57	49.48	35.71	29.58	32.86
Selling, General & Admin	155.44	81.24	67.83	47.11	35.49	26.24
Provision for Bad Debts	13.14	22.27	2.93	6.27	2.86	-
Other Operating Expenses	1,899	1,483	1,358	595.8	388.53	344.93
Total Operating Expenses	2,188	1,655	1,479	684.89	456.45	404.02
Operating Income	300.49	297.3	201.24	137.14	112.59	116.81
Interest Expense	-58.91	-48.11	-41.32	-19.2	-3.76	-3.77
Interest Income	42.16	9.71	0.78	-	-	0.35
Net Interest Expense	-16.76	-38.4	-40.54	-19.2	-3.76	-3.43
Income (Loss) on Equity Investments	-13.75	-13.44	-5.75	-2.12	-	-
Currency Exchange Gain (Loss)	0.73	-	-	-	0.24	0.03
Other Non-Operating Income (Expenses)	-	-	-	-	1.35	0.43
EBT Excluding Unusual Items	270.71	245.46	154.94	115.82	110.42	113.84
Gain (Loss) on Sale of Assets	2.53	2.2	0.28	1.2	1.01	0.11
Asset Writedown	-1.12	-1.12	-	-	-	-
Pretax Income	272.12	246.53	155.22	117.03	111.44	113.95
Income Tax Expense	12.86	16.53	15.2	9.59	8.11	-
Net Income	259.26	230	140.02	107.44	103.33	113.95
Net Income to Common	259.26	230	140.02	107.44	103.33	113.95
Net Income Growth	36.58%	64.26%	30.32%	3.98%	-9.33%	24.23%
Shares Outstanding (Basic)	35	35	35	35	35	35
Shares Outstanding (Diluted)	35	35	35	35	35	35
EPS (Basic)	7.41	6.57	4.00	3.07	2.95	3.26
EPS (Diluted)	7.41	6.57	4.00	3.07	2.95	3.26
EPS Growth	36.58%	64.26%	30.32%	3.98%	-9.33%	24.23%
Free Cash Flow	-190.2	103.71	-50.12	-163.44	-109.28	42.54
Free Cash Flow Per Share	-5.43	2.96	-1.43	-4.67	-3.12	1.22
Dividend Per Share	3.250	1.500	-	1.071	2.143	2.000
Dividend Growth	-	-	-	-50.00%	7.14%	-
Profit Margin	10.42%	11.78%	8.34%	13.07%	18.16%	21.88%
Free Cash Flow Margin	-7.64%	5.31%	-2.98%	-19.88%	-19.20%	8.17%
EBITDA	362.13	352.06	248.25	172.25	133.79	134.27
EBITDA Margin	14.55%	18.04%	14.78%	20.95%	23.51%	25.78%
D&A For EBITDA	61.65	54.77	47.02	35.1	21.21	17.46
EBIT	300.49	297.3	201.24	137.14	112.59	116.81
EBIT Margin	12.08%	15.23%	11.98%	16.68%	19.79%	22.43%
Effective Tax Rate	4.73%	6.71%	9.79%	8.19%	7.28%	-

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