Naqi Water Company (TADAWUL:2282)

Naqi Water Company Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	186.95	219.34	238.82	284.29	277.82
Revenue Growth (YoY)	-14.77%	-8.16%	-15.99%	2.33%	5.03%
Cost of Revenue	119.89	142.74	153.93	194.44	165.31
Gross Profit	67.06	76.6	84.9	89.85	112.51
Selling, General & Admin	56.37	49.98	42.04	34.89	34.24
Other Operating Expenses	-0.54	-0.08	-0.63	-1.6	-0.92
Operating Expenses	59.55	51.18	42	34.18	33.32
Operating Income	7.51	25.42	42.9	55.68	79.19
Interest Expense	-0.3	-0.7	-0.86	-0.74	-1.19
Interest & Investment Income	2.01	0.21	-	-	-
Currency Exchange Gain (Loss)	1.32	-0.1	-	-	-
Other Non Operating Income (Expenses)	2.04	4.17	4.01	-3.23	-
EBT Excluding Unusual Items	12.58	29.01	46.05	51.7	77.99
Gain (Loss) on Sale of Investments	-13.7	0.43	-	-	-
Gain (Loss) on Sale of Assets	0.8	3.7	-0.07	-	-
Other Unusual Items	-	-	-	0.16	0.51
Pretax Income	-0.32	33.14	45.98	51.86	78.51
Income Tax Expense	2.37	2.96	3.03	3.15	1.23
Net Income	-2.69	30.18	42.95	48.71	77.28
Net Income to Common	-2.69	30.18	42.95	48.71	77.28
Net Income Growth	-	-29.72%	-11.82%	-36.97%	-0.87%
Shares Outstanding (Basic)	20	20	20	20	20
Shares Outstanding (Diluted)	20	20	20	20	20
EPS (Basic)	-0.13	1.51	2.15	2.44	3.86
EPS (Diluted)	-0.13	1.51	2.15	2.44	3.86
EPS Growth	-	-29.72%	-11.82%	-36.97%	-0.87%
Free Cash Flow	3.97	11.31	47.71	65.71	47.65
Free Cash Flow Per Share	0.20	0.56	2.38	3.29	2.38
Dividend Per Share	-	-	0.500	2.000	-
Dividend Growth	-	-	-75.00%	-	-
Gross Margin	35.87%	34.92%	35.55%	31.61%	40.50%
Operating Margin	4.02%	11.59%	17.96%	19.58%	28.50%
Profit Margin	-1.44%	13.76%	17.98%	17.13%	27.82%
Free Cash Flow Margin	2.13%	5.16%	19.98%	23.11%	17.15%
EBITDA	28.45	48.83	65.62	77.16	97.33
EBITDA Margin	15.22%	22.26%	27.48%	27.14%	35.03%
D&A For EBITDA	20.94	23.41	22.73	21.48	18.14
EBIT	7.51	25.42	42.9	55.68	79.19
EBIT Margin	4.02%	11.59%	17.96%	19.58%	28.50%
Effective Tax Rate	-	8.92%	6.59%	6.07%	1.57%
Advertising Expenses	1.78	2.66	1.6	1.32	1.92

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