Arabian Pipes Company 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	895.51	1,138	1,089	479.05	388.7	369.29
Revenue Growth (YoY)	-31.19%	4.51%	127.35%	23.24%	5.26%	-50.17%
Cost of Revenue	690.9	854.91	861.41	445.65	376.34	500.59
Gross Profit	204.61	283.37	227.72	33.4	12.36	-131.3
Selling, General & Admin	54.45	48.06	47.71	42.46	60.51	39.32
Other Operating Expenses	-	-	-	-	-	-0.11
Operating Expenses	54.45	48.06	47.71	42.46	60.51	43.2
Operating Income	150.16	235.31	180.01	-9.06	-48.16	-174.5
Interest Expense	-40.26	-57.36	-39.59	-18.69	-17.91	-23.7
Interest & Investment Income	2.74	0.57	1.98	-	-	-
Currency Exchange Gain (Loss)	-2.42	-2.13	-1.37	-	-	-
Other Non Operating Income (Expenses)	10.59	2.47	5.23	17.96	6.3	-
EBT Excluding Unusual Items	120.83	178.87	146.26	-9.79	-59.77	-198.19
Asset Writedown	-0.18	-2.8	-	-	-	-
Other Unusual Items	0.2	-	-	-	-	3.76
Pretax Income	120.84	176.06	146.26	-9.79	-59.77	-194.44
Income Tax Expense	6.02	7.88	14.15	0.7	0.34	0.9
Net Income	114.83	168.18	132.11	-10.49	-60.12	-195.34
Net Income to Common	114.83	168.18	132.11	-10.49	-60.12	-195.34
Net Income Growth	-40.85%	27.31%	-	-	-	-
Shares Outstanding (Basic)	200	200	200	200	200	200
Shares Outstanding (Diluted)	200	200	200	200	200	200
EPS (Basic)	0.57	0.84	0.66	-0.05	-0.30	-0.98
EPS (Diluted)	0.57	0.84	0.66	-0.05	-0.30	-0.98
EPS Growth	-40.85%	27.31%	-	-	-	-
Free Cash Flow	361.12	82.61	-17.08	-54.4	301.03	-85.88
Free Cash Flow Per Share	1.81	0.41	-0.09	-0.27	1.50	-0.43
Dividend Per Share	0.113	0.113	-	-	-	-
Gross Margin	22.85%	24.89%	20.91%	6.97%	3.18%	-35.55%
Operating Margin	16.77%	20.67%	16.53%	-1.89%	-12.39%	-47.25%
Profit Margin	12.82%	14.77%	12.13%	-2.19%	-15.47%	-52.90%
Free Cash Flow Margin	40.33%	7.26%	-1.57%	-11.36%	77.45%	-23.25%
EBITDA	185.82	270.77	212.39	21.81	-20.8	-146.67
EBITDA Margin	20.75%	23.79%	19.50%	4.55%	-5.35%	-39.72%
D&A For EBITDA	35.66	35.47	32.38	30.87	27.36	27.83
EBIT	150.16	235.31	180.01	-9.06	-48.16	-174.5
EBIT Margin	16.77%	20.67%	16.53%	-1.89%	-12.39%	-47.25%
Effective Tax Rate	4.98%	4.48%	9.68%	-	-	-

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