Arabian Pipes Company 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	874.06	1,138	1,089	479.05	388.7
Revenue Growth (YoY)	-23.21%	4.51%	127.35%	23.24%	5.26%
Cost of Revenue	682.73	854.91	861.41	445.65	376.34
Gross Profit	191.32	283.37	227.72	33.4	12.36
Selling, General & Admin	55.09	48.06	47.71	42.46	60.51
Operating Expenses	55.09	48.06	47.71	42.46	60.51
Operating Income	136.23	235.31	180.01	-9.06	-48.16
Interest Expense	-27.9	-57.36	-39.59	-18.69	-17.91
Interest & Investment Income	2.48	0.57	1.98	-	-
Currency Exchange Gain (Loss)	-2.09	-2.13	-1.37	-	-
Other Non Operating Income (Expenses)	9.72	1.45	5.23	17.96	6.3
EBT Excluding Unusual Items	118.43	177.85	146.26	-9.79	-59.77
Gain (Loss) on Sale of Assets	-1.02	-	-	-	-
Asset Writedown	-0.18	-2.8	-	-	-
Other Unusual Items	0.2	1.02	-	-	-
Pretax Income	117.43	176.06	146.26	-9.79	-59.77
Income Tax Expense	6.95	7.88	14.15	0.7	0.34
Net Income	110.47	168.18	132.11	-10.49	-60.12
Net Income to Common	110.47	168.18	132.11	-10.49	-60.12
Net Income Growth	-34.31%	27.31%	-	-	-
Shares Outstanding (Basic)	200	200	200	200	200
Shares Outstanding (Diluted)	200	200	200	200	200
EPS (Basic)	0.55	0.84	0.66	-0.05	-0.30
EPS (Diluted)	0.55	0.84	0.66	-0.05	-0.30
EPS Growth	-34.31%	27.31%	-	-	-
Free Cash Flow	213.1	82.61	-17.08	-54.4	301.03
Free Cash Flow Per Share	1.07	0.41	-0.09	-0.27	1.50
Dividend Per Share	0.170	0.113	-	-	-
Dividend Growth	51.11%	-	-	-	-
Gross Margin	21.89%	24.89%	20.91%	6.97%	3.18%
Operating Margin	15.59%	20.67%	16.53%	-1.89%	-12.39%
Profit Margin	12.64%	14.77%	12.13%	-2.19%	-15.47%
Free Cash Flow Margin	24.38%	7.26%	-1.57%	-11.36%	77.45%
EBITDA	171.75	270.77	212.39	21.81	-20.8
EBITDA Margin	19.65%	23.79%	19.50%	4.55%	-5.35%
D&A For EBITDA	35.52	35.47	32.38	30.87	27.36
EBIT	136.23	235.31	180.01	-9.06	-48.16
EBIT Margin	15.59%	20.67%	16.53%	-1.89%	-12.39%
Effective Tax Rate	5.92%	4.48%	9.68%	-	-

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