The First Milling 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	1,146	1,049	964.26	913.65	801.01
Revenue Growth (YoY)	9.30%	8.77%	5.54%	14.06%	11.83%
Cost of Revenue	664.35	592.16	551.45	516.07	470.27
Gross Profit	482.02	456.69	412.82	397.58	330.74
Selling, General & Admin	143.19	137.51	125.83	141.42	110.97
Operating Expenses	142.89	137.82	126.46	142.09	110.97
Operating Income	339.13	318.87	286.36	255.49	219.77
Interest Expense	-76.18	-93.1	-93.34	-36.81	-11.82
Interest & Investment Income	24.82	34.75	5.79	0.69	0.11
Other Non Operating Income (Expenses)	-3.02	-2.62	27.15	4.34	1.63
EBT Excluding Unusual Items	284.75	257.9	225.95	223.71	209.69
Gain (Loss) on Sale of Assets	-	-0.86	0.26	-	-6.47
Pretax Income	284.75	257.05	226.21	223.71	203.22
Income Tax Expense	6.98	6.14	6	6.22	4.74
Earnings From Continuing Operations	277.77	250.9	220.21	217.48	198.48
Minority Interest in Earnings	-0.32	-	-	-	-
Net Income	277.44	250.9	220.21	217.48	198.48
Net Income to Common	277.44	250.9	220.21	217.48	198.48
Net Income Growth	10.58%	13.94%	1.25%	9.58%	4.08%
Shares Outstanding (Basic)	56	55	56	9	54
Shares Outstanding (Diluted)	56	56	56	9	54
Shares Change (YoY)	0.08%	-0.12%	524.09%	-83.42%	-
EPS (Basic)	5.00	4.53	3.97	24.33	3.68
EPS (Diluted)	4.97	4.50	3.95	24.33	3.68
EPS Growth	10.44%	13.92%	-83.76%	560.95%	4.08%
Free Cash Flow	260.18	252.35	188.36	195.41	277.44
Free Cash Flow Per Share	4.67	4.53	3.38	21.86	5.14
Dividend Per Share	3.150	2.840	2.780	-	-
Dividend Growth	10.91%	2.16%	-	-	-
Gross Margin	42.05%	43.54%	42.81%	43.52%	41.29%
Operating Margin	29.58%	30.40%	29.70%	27.96%	27.44%
Profit Margin	24.20%	23.92%	22.84%	23.80%	24.78%
Free Cash Flow Margin	22.70%	24.06%	19.54%	21.39%	34.64%
EBITDA	384.45	357.94	318.27	290.23	247.18
EBITDA Margin	33.54%	34.13%	33.01%	31.77%	30.86%
D&A For EBITDA	45.32	39.07	31.91	34.74	27.41
EBIT	339.13	318.87	286.36	255.49	219.77
EBIT Margin	29.58%	30.40%	29.70%	27.96%	27.44%
Effective Tax Rate	2.45%	2.39%	2.65%	2.78%	2.33%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.