Naqi Water Company Income Statement

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

Millions SAR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	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	-	142.74	153.93	194.44	165.31
Gross Profit	186.95	76.6	84.9	89.85	112.51
Selling, General & Admin	-	49.98	42.04	34.89	34.24
Other Operating Expenses	187.26	-0.34	-0.63	-1.6	-0.92
Operating Expenses	187.26	50.92	42	34.18	33.32
Operating Income	-0.32	25.68	42.9	55.68	79.19
Interest Expense	-	-0.7	-0.86	-0.74	-1.19
Interest & Investment Income	-	0.21	-	-	-
Currency Exchange Gain (Loss)	-	-0.1	-	-	-
Other Non Operating Income (Expenses)	-	4.15	4.01	-3.23	-
EBT Excluding Unusual Items	-0.32	29.25	46.05	51.7	77.99
Gain (Loss) on Sale of Investments	-	0.43	-	-	-
Gain (Loss) on Sale of Assets	-	3.46	-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)	21	20	20	20	20
Shares Outstanding (Diluted)	21	20	20	20	20
Shares Change (YoY)	3.38%	-	-	-	-
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	50.34	11.31	47.71	65.71	47.65
Free Cash Flow Per Share	2.44	0.56	2.38	3.29	2.38
Dividend Per Share	-	-	0.500	2.000	-
Dividend Growth	-	-	-75.00%	-	-
Gross Margin	100.00%	34.92%	35.55%	31.61%	40.50%
Operating Margin	-0.17%	11.71%	17.96%	19.58%	28.50%
Profit Margin	-1.44%	13.76%	17.98%	17.13%	27.82%
Free Cash Flow Margin	26.93%	5.16%	19.98%	23.11%	17.15%
EBITDA	20.93	48.41	65.62	77.16	97.33
EBITDA Margin	11.20%	22.07%	27.48%	27.14%	35.03%
D&A For EBITDA	21.25	22.74	22.73	21.48	18.14
EBIT	-0.32	25.68	42.9	55.68	79.19
EBIT Margin	-0.17%	11.71%	17.96%	19.58%	28.50%
Effective Tax Rate	-	8.92%	6.59%	6.07%	1.57%
Advertising Expenses	-	2.66	1.6	1.32	1.92

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