The First Milling 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
Period Ending	Sep '25 Sep 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
Revenue	1,076	1,049	964.26	913.65	801.01	716.3
Revenue Growth (YoY)	4.86%	8.77%	5.54%	14.06%	11.83%	11.24%
Cost of Revenue	607.23	592.16	551.45	516.07	470.27	457.92
Gross Profit	469.24	456.69	412.82	397.58	330.74	258.38
Selling, General & Admin	140.79	137.51	125.83	141.42	110.97	59.08
Operating Expenses	137.33	137.82	126.46	142.09	110.97	59.08
Operating Income	331.91	318.87	286.36	255.49	219.77	199.31
Interest Expense	-79.97	-93.1	-93.34	-36.81	-11.82	-13.29
Interest & Investment Income	-	5.83	5.79	0.69	0.11	3.67
Other Non Operating Income (Expenses)	24.41	26.31	27.15	4.34	1.63	1
EBT Excluding Unusual Items	276.35	257.9	225.95	223.71	209.69	190.69
Gain (Loss) on Sale of Assets	-1	-0.86	0.26	-	-6.47	-
Pretax Income	275.35	257.05	226.21	223.71	203.22	190.69
Income Tax Expense	6.23	6.14	6	6.22	4.74	-
Net Income	269.12	250.9	220.21	217.48	198.48	190.69
Net Income to Common	269.12	250.9	220.21	217.48	198.48	190.69
Net Income Growth	11.20%	13.94%	1.25%	9.58%	4.08%	51.60%
Shares Outstanding (Basic)	55	55	56	9	54	54
Shares Outstanding (Diluted)	56	56	56	9	54	54
Shares Change (YoY)	-0.44%	-0.12%	524.09%	-83.42%	-	107747.36%
EPS (Basic)	4.86	4.53	3.97	24.33	3.68	3.54
EPS (Diluted)	4.83	4.50	3.95	24.33	3.68	3.54
EPS Growth	11.32%	13.92%	-83.76%	560.95%	4.08%	-99.86%
Free Cash Flow	246.79	252.35	188.36	195.41	277.44	219.81
Free Cash Flow Per Share	4.44	4.53	3.38	21.86	5.14	4.08
Dividend Per Share	2.770	2.840	2.780	-	-	-
Dividend Growth	-6.42%	2.16%	-	-	-	-
Gross Margin	43.59%	43.54%	42.81%	43.52%	41.29%	36.07%
Operating Margin	30.83%	30.40%	29.70%	27.96%	27.44%	27.82%
Profit Margin	25.00%	23.92%	22.84%	23.80%	24.78%	26.62%
Free Cash Flow Margin	22.93%	24.06%	19.54%	21.39%	34.64%	30.69%
EBITDA	374.43	357.94	318.27	290.23	247.18	224.48
EBITDA Margin	34.78%	34.13%	33.01%	31.77%	30.86%	31.34%
D&A For EBITDA	42.52	39.07	31.91	34.74	27.41	25.18
EBIT	331.91	318.87	286.36	255.49	219.77	199.31
EBIT Margin	30.83%	30.40%	29.70%	27.96%	27.44%	27.82%
Effective Tax Rate	2.26%	2.39%	2.65%	2.78%	2.33%	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.