TADAWUL:2081 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	2,474	1,952	1,680	822.03	569.04
Revenue Growth (YoY)	26.73%	16.21%	104.35%	44.46%	9.25%
Operations & Maintenance	124.05	68.57	49.48	35.71	29.58
Selling, General & Admin	173.35	82.36	67.83	47.11	35.49
Provision for Bad Debts	0.53	22.27	2.93	6.27	2.86
Other Operating Expenses	1,880	1,485	1,360	595.8	388.53
Total Operating Expenses	2,178	1,658	1,480	684.89	456.45
Operating Income	296.28	294.02	199.48	137.14	112.59
Interest Expense	-61.71	-45.95	-39.57	-19.2	-3.76
Interest Income	45.43	9.71	0.78	-	-
Net Interest Expense	-16.28	-36.25	-38.79	-19.2	-3.76
Income (Loss) on Equity Investments	-13.56	-13.44	-5.75	-2.12	-
Currency Exchange Gain (Loss)	-	-	-	-	0.24
Other Non-Operating Income (Expenses)	-	-	-	-	1.35
EBT Excluding Unusual Items	266.44	244.34	154.94	115.82	110.42
Gain (Loss) on Sale of Assets	0.67	2.2	0.28	1.2	1.01
Pretax Income	267.12	246.53	155.22	117.03	111.44
Income Tax Expense	11.37	16.53	15.2	9.59	8.11
Net Income	255.74	230	140.02	107.44	103.33
Net Income to Common	255.74	230	140.02	107.44	103.33
Net Income Growth	11.19%	64.26%	30.32%	3.98%	-9.33%
Shares Outstanding (Basic)	35	35	35	35	35
Shares Outstanding (Diluted)	35	35	35	35	35
EPS (Basic)	7.31	6.57	4.00	3.07	2.95
EPS (Diluted)	7.31	6.57	4.00	3.07	2.95
EPS Growth	11.19%	64.26%	30.32%	3.98%	-9.33%
Free Cash Flow	-296.84	103.71	-50.12	-163.44	-109.28
Free Cash Flow Per Share	-8.48	2.96	-1.43	-4.67	-3.12
Dividend Per Share	1.750	1.500	-	1.071	2.143
Dividend Growth	16.67%	-	-	-50.00%	7.14%
Profit Margin	10.34%	11.78%	8.34%	13.07%	18.16%
Free Cash Flow Margin	-12.00%	5.31%	-2.98%	-19.88%	-19.20%
EBITDA	359.66	348.79	246.5	172.25	133.79
EBITDA Margin	14.54%	17.87%	14.67%	20.95%	23.51%
D&A For EBITDA	63.38	54.77	47.02	35.1	21.21
EBIT	296.28	294.02	199.48	137.14	112.59
EBIT Margin	11.98%	15.06%	11.88%	16.68%	19.79%
Effective Tax Rate	4.26%	6.71%	9.79%	8.19%	7.28%

Source: S&P Global Market Intelligence. Utility template. Financial Sources.