Naqi Water Company (TADAWUL:2282)

Naqi Water Company Income Statement

Financials in millions SAR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	201.24	219.34	238.82	284.29	277.82	264.51
Revenue Growth (YoY)	-12.33%	-8.16%	-15.99%	2.33%	5.03%	21.60%
Cost of Revenue	129.13	142.74	153.93	194.44	165.31	161.16
Gross Profit	72.12	76.6	84.9	89.85	112.51	103.36
Selling, General & Admin	51.92	49.98	42.04	34.89	34.24	22.02
Other Operating Expenses	-0.32	-0.34	-0.63	-1.6	-0.92	-
Operating Expenses	54.13	50.92	42	34.18	33.32	22.02
Operating Income	17.99	25.68	42.9	55.68	79.19	81.34
Interest Expense	-0.54	-0.7	-0.86	-0.74	-1.19	-0.59
Interest & Investment Income	0.56	0.21	-	-	-	-
Currency Exchange Gain (Loss)	1.2	-0.1	-	-	-	-
Other Non Operating Income (Expenses)	4.15	4.15	4.01	-3.23	-	-0.73
EBT Excluding Unusual Items	23.37	29.25	46.05	51.7	77.99	80.02
Gain (Loss) on Sale of Investments	-0.85	0.43	-	-	-	-
Gain (Loss) on Sale of Assets	0.09	3.46	-0.07	-	-	-
Other Unusual Items	-	-	-	0.16	0.51	-
Pretax Income	22.6	33.14	45.98	51.86	78.51	80.02
Income Tax Expense	2.96	2.96	3.03	3.15	1.23	2.06
Net Income	19.65	30.18	42.95	48.71	77.28	77.95
Net Income to Common	19.65	30.18	42.95	48.71	77.28	77.95
Net Income Growth	-47.59%	-29.72%	-11.82%	-36.97%	-0.87%	124.14%
Shares Outstanding (Basic)	20	20	20	20	20	20
Shares Outstanding (Diluted)	20	20	20	20	20	20
Shares Change (YoY)	-	-	-	-	-	44013.11%
EPS (Basic)	0.98	1.51	2.15	2.44	3.86	3.90
EPS (Diluted)	0.98	1.51	2.15	2.44	3.86	3.90
EPS Growth	-47.59%	-29.72%	-11.82%	-36.97%	-0.87%	-99.49%
Free Cash Flow	13.25	11.31	47.71	65.71	47.65	35.14
Free Cash Flow Per Share	0.66	0.56	2.38	3.29	2.38	1.76
Dividend Per Share	-	-	0.500	2.000	-	-
Dividend Growth	-	-	-75.00%	-	-	-
Gross Margin	35.84%	34.92%	35.55%	31.61%	40.50%	39.07%
Operating Margin	8.94%	11.71%	17.96%	19.58%	28.50%	30.75%
Profit Margin	9.76%	13.76%	17.98%	17.13%	27.82%	29.47%
Free Cash Flow Margin	6.58%	5.16%	19.98%	23.11%	17.15%	13.29%
EBITDA	39.82	48.41	65.62	77.16	97.33	96.23
EBITDA Margin	19.79%	22.07%	27.48%	27.14%	35.03%	36.38%
D&A For EBITDA	21.83	22.74	22.73	21.48	18.14	14.9
EBIT	17.99	25.68	42.9	55.68	79.19	81.34
EBIT Margin	8.94%	11.71%	17.96%	19.58%	28.50%	30.75%
Effective Tax Rate	13.08%	8.92%	6.59%	6.07%	1.57%	2.58%
Advertising Expenses	-	2.66	1.6	1.32	1.92	-

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