Saudi Arabian Oil 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	2017 - 2020
Period Ending	Jun '25 Jun 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	2017 - 2020
Revenue	1,729,970	1,801,674	1,856,373	2,266,373	1,501,758	862,091	Upgrade
Revenue Growth (YoY)	-6.83%	-2.95%	-18.09%	50.91%	74.20%	-30.30%	Upgrade
Cost of Revenue	802,667	820,237	799,543	934,112	573,665	345,430	Upgrade
Gross Profit	927,303	981,437	1,056,830	1,332,261	928,093	516,661	Upgrade
Selling, General & Admin	84,033	89,235	76,729	83,663	59,496	46,627	Upgrade
Research & Development	5,820	5,816	5,197	4,419	3,873	2,830	Upgrade
Other Operating Expenses	678	678	511	510	450	434	Upgrade
Operating Expenses	191,962	196,050	184,876	188,535	156,625	133,392	Upgrade
Operating Income	735,341	785,387	871,954	1,143,726	771,468	383,269	Upgrade
Interest Expense	-6,919	-6,920	-5,010	-6,595	-10,628	-9,480	Upgrade
Interest & Investment Income	15,804	20,717	25,852	9,534	1,774	3,153	Upgrade
Earnings From Equity Investments	-7,863	-4,966	-4,001	2,873	7,874	-3,554	Upgrade
Other Non Operating Income (Expenses)	-768	-768	-2,325	302	-967	-621	Upgrade
EBT Excluding Unusual Items	735,595	793,450	886,470	1,149,840	769,521	372,767	Upgrade
Merger & Restructuring Charges	-	-	-161	-37	-	-343	Upgrade
Asset Writedown	-11,440	-11,440	-4,017	-122	-	-	Upgrade
Other Unusual Items	-	-	5,775	3,281	-	-	Upgrade
Pretax Income	724,155	782,010	888,067	1,152,962	769,521	372,424	Upgrade
Income Tax Expense	354,449	383,588	433,303	548,957	357,125	188,661	Upgrade
Earnings From Continuing Operations	369,706	398,422	454,764	604,005	412,396	183,763	Upgrade
Minority Interest in Earnings	-4,021	-4,531	-2,011	-6,790	-17,193	1,163	Upgrade
Net Income	365,685	393,891	452,753	597,215	395,203	184,926	Upgrade
Net Income to Common	365,685	393,891	452,753	597,215	395,203	184,926	Upgrade
Net Income Growth	-16.11%	-13.00%	-24.19%	51.12%	113.71%	-44.10%	Upgrade
Shares Outstanding (Basic)	242,356	241,894	241,933	241,907	241,887	241,860	Upgrade
Shares Outstanding (Diluted)	242,356	241,894	241,933	241,907	241,887	241,860	Upgrade
Shares Change (YoY)	0.17%	-0.02%	0.01%	0.01%	0.01%	-0.06%	Upgrade
EPS (Basic)	1.51	1.63	1.87	2.47	1.63	0.76	Upgrade
EPS (Diluted)	1.51	1.63	1.87	2.47	1.63	0.76	Upgrade
EPS Growth	-16.25%	-12.99%	-24.20%	51.10%	113.68%	-44.07%	Upgrade
Free Cash Flow	292,530	319,998	379,506	556,991	402,956	184,267	Upgrade
Free Cash Flow Per Share	1.21	1.32	1.57	2.30	1.67	0.76	Upgrade
Dividend Per Share	1.475	1.776	1.695	1.175	1.157	1.157	Upgrade
Dividend Growth	-22.36%	4.78%	44.29%	1.51%	-	1898.27%	Upgrade
Gross Margin	53.60%	54.47%	56.93%	58.78%	61.80%	59.93%	Upgrade
Operating Margin	42.51%	43.59%	46.97%	50.47%	51.37%	44.46%	Upgrade
Profit Margin	21.14%	21.86%	24.39%	26.35%	26.32%	21.45%	Upgrade
Free Cash Flow Margin	16.91%	17.76%	20.44%	24.58%	26.83%	21.37%	Upgrade
EBITDA	813,944	872,387	955,470	1,223,358	845,333	447,236	Upgrade
EBITDA Margin	47.05%	48.42%	51.47%	53.98%	56.29%	51.88%	Upgrade
D&A For EBITDA	78,603	87,000	83,516	79,632	73,865	63,967	Upgrade
EBIT	735,341	785,387	871,954	1,143,726	771,468	383,269	Upgrade
EBIT Margin	42.51%	43.59%	46.97%	50.47%	51.37%	44.46%	Upgrade
Effective Tax Rate	48.95%	49.05%	48.79%	47.61%	46.41%	50.66%	Upgrade
Revenue as Reported	1,729,970	1,801,674	1,856,373	2,266,373	1,501,758	862,091	Upgrade

Updated Mar 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.