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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,196	1,146	1,049	964.26	913.65	801.01
Revenue Growth (YoY)	13.21%	9.30%	8.77%	5.54%	14.06%	11.83%
Cost of Revenue	664.35	664.35	592.16	551.45	516.07	470.27
Gross Profit	531.18	482.02	456.69	412.82	397.58	330.74
Selling, General & Admin	143.19	143.19	137.51	125.83	141.42	110.97
Operating Expenses	189.79	142.89	137.82	126.46	142.09	110.97
Operating Income	341.39	339.13	318.87	286.36	255.49	219.77
Interest Expense	-76.18	-76.18	-93.1	-93.34	-36.81	-11.82
Interest & Investment Income	24.82	24.82	34.75	5.79	0.69	0.11
Other Non Operating Income (Expenses)	-5.8	-3.02	-2.62	27.15	4.34	1.63
EBT Excluding Unusual Items	284.22	284.75	257.9	225.95	223.71	209.69
Gain (Loss) on Sale of Assets	-	-	-0.86	0.26	-	-6.47
Pretax Income	284.22	284.75	257.05	226.21	223.71	203.22
Income Tax Expense	6.03	6.98	6.14	6	6.22	4.74
Earnings From Continuing Operations	278.19	277.77	250.9	220.21	217.48	198.48
Minority Interest in Earnings	-0.32	-0.32	-	-	-	-
Net Income	277.87	277.44	250.9	220.21	217.48	198.48
Net Income to Common	277.87	277.44	250.9	220.21	217.48	198.48
Net Income Growth	9.90%	10.58%	13.94%	1.25%	9.58%	4.08%
Shares Outstanding (Basic)	55	56	55	56	9	54
Shares Outstanding (Diluted)	56	56	56	56	9	54
Shares Change (YoY)	0.17%	0.08%	-0.12%	524.09%	-83.42%	-
EPS (Basic)	5.01	5.00	4.53	3.97	24.33	3.68
EPS (Diluted)	4.98	4.97	4.50	3.95	24.33	3.68
EPS Growth	9.72%	10.44%	13.92%	-83.76%	560.95%	4.08%
Free Cash Flow	255.19	260.18	252.35	188.36	195.41	277.44
Free Cash Flow Per Share	4.58	4.67	4.53	3.38	21.86	5.14
Dividend Per Share	3.150	3.150	2.840	2.780	-	-
Dividend Growth	10.91%	10.91%	2.16%	-	-	-
Gross Margin	44.43%	42.05%	43.54%	42.81%	43.52%	41.29%
Operating Margin	28.56%	29.58%	30.40%	29.70%	27.96%	27.44%
Profit Margin	23.24%	24.20%	23.92%	22.84%	23.80%	24.78%
Free Cash Flow Margin	21.34%	22.70%	24.06%	19.54%	21.39%	34.64%
EBITDA	387.2	384.45	357.94	318.27	290.23	247.18
EBITDA Margin	32.39%	33.54%	34.13%	33.01%	31.77%	30.86%
D&A For EBITDA	45.81	45.32	39.07	31.91	34.74	27.41
EBIT	341.39	339.13	318.87	286.36	255.49	219.77
EBIT Margin	28.56%	29.58%	30.40%	29.70%	27.96%	27.44%
Effective Tax Rate	2.12%	2.45%	2.39%	2.65%	2.78%	2.33%

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