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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	819.7	874.06	1,138	1,089	479.05	388.7
Revenue Growth (YoY)	-23.82%	-23.21%	4.51%	127.35%	23.24%	5.26%
Cost of Revenue	655.37	682.73	854.91	861.41	445.65	376.34
Gross Profit	164.33	191.32	283.37	227.72	33.4	12.36
Selling, General & Admin	53.63	55.09	48.06	47.71	42.46	60.51
Operating Expenses	53.63	55.09	48.06	47.71	42.46	60.51
Operating Income	110.7	136.23	235.31	180.01	-9.06	-48.16
Interest Expense	-21.09	-27.9	-57.36	-39.59	-18.69	-17.91
Interest & Investment Income	2.48	2.48	0.57	1.98	-	-
Currency Exchange Gain (Loss)	-2.09	-2.09	-2.13	-1.37	-	-
Other Non Operating Income (Expenses)	8.62	9.72	1.45	5.23	17.96	6.3
EBT Excluding Unusual Items	98.62	118.43	177.85	146.26	-9.79	-59.77
Gain (Loss) on Sale of Assets	-1.02	-1.02	-	-	-	-
Asset Writedown	-0.18	-0.18	-2.8	-	-	-
Other Unusual Items	0.2	0.2	1.02	-	-	-
Pretax Income	97.61	117.43	176.06	146.26	-9.79	-59.77
Income Tax Expense	7.2	6.95	7.88	14.15	0.7	0.34
Net Income	90.42	110.47	168.18	132.11	-10.49	-60.12
Net Income to Common	90.42	110.47	168.18	132.11	-10.49	-60.12
Net Income Growth	-41.12%	-34.31%	27.31%	-	-	-
Shares Outstanding (Basic)	200	200	200	200	200	200
Shares Outstanding (Diluted)	200	200	200	200	200	200
EPS (Basic)	0.45	0.55	0.84	0.66	-0.05	-0.30
EPS (Diluted)	0.45	0.55	0.84	0.66	-0.05	-0.30
EPS Growth	-41.08%	-34.31%	27.31%	-	-	-
Free Cash Flow	126.84	213.1	82.61	-17.08	-54.4	301.03
Free Cash Flow Per Share	0.63	1.07	0.41	-0.09	-0.27	1.50
Dividend Per Share	0.170	0.170	0.113	-	-	-
Dividend Growth	51.11%	51.11%	-	-	-	-
Gross Margin	20.05%	21.89%	24.89%	20.91%	6.97%	3.18%
Operating Margin	13.51%	15.59%	20.67%	16.53%	-1.89%	-12.39%
Profit Margin	11.03%	12.64%	14.77%	12.13%	-2.19%	-15.47%
Free Cash Flow Margin	15.47%	24.38%	7.26%	-1.57%	-11.36%	77.45%
EBITDA	145.87	171.75	270.77	212.39	21.81	-20.8
EBITDA Margin	17.80%	19.65%	23.79%	19.50%	4.55%	-5.35%
D&A For EBITDA	35.17	35.52	35.47	32.38	30.87	27.36
EBIT	110.7	136.23	235.31	180.01	-9.06	-48.16
EBIT Margin	13.51%	15.59%	20.67%	16.53%	-1.89%	-12.39%
Effective Tax Rate	7.37%	5.92%	4.48%	9.68%	-	-

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