Fourth 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	646.51	629.03	558.09	578.32	336.3	345.24
Revenue Growth (YoY)	6.04%	12.71%	-3.50%	71.97%	-2.59%	-
Cost of Revenue	343.9	336.17	313.26	316.57	230.54	244.02
Gross Profit	302.62	292.85	244.83	261.75	105.76	101.23
Selling, General & Admin	104.7	94.48	81	70.31	41.9	46.22
Other Operating Expenses	3.3	3.3	3.8	-	-	-
Operating Expenses	107.43	97.79	84.79	70.31	41.9	46.22
Operating Income	195.19	195.07	160.04	191.44	63.86	55
Interest Expense	-11.24	-11.43	-7.88	-14.93	-15.29	-12.52
Interest & Investment Income	9.64	7.28	5.53	-	-	-
Other Non Operating Income (Expenses)	0.93	-	-	2.26	1.7	2.06
EBT Excluding Unusual Items	194.51	190.91	157.68	178.77	50.27	44.55
Gain (Loss) on Sale of Assets	-0.37	-0.37	-	-	-	-
Asset Writedown	-4.4	-4.4	-	-	-	-
Pretax Income	189.74	186.13	157.68	178.77	50.27	44.55
Income Tax Expense	8.77	15.2	14.87	13.85	0.21	-
Net Income	180.97	170.93	142.82	164.92	50.06	44.55
Net Income to Common	180.97	170.93	142.82	164.92	50.06	44.55
Net Income Growth	10.35%	19.69%	-13.40%	229.43%	12.38%	-
Shares Outstanding (Basic)	540	540	540	474	474	474
Shares Outstanding (Diluted)	540	540	540	474	474	474
Shares Change (YoY)	-	-	13.95%	-	-	-
EPS (Basic)	0.34	0.32	0.26	0.35	0.11	0.09
EPS (Diluted)	0.34	0.32	0.26	0.35	0.11	0.09
EPS Growth	10.35%	19.69%	-24.00%	229.43%	12.38%	-
Free Cash Flow	164.05	248.31	157.95	230.89	38.94	7.13
Free Cash Flow Per Share	0.30	0.46	0.29	0.49	0.08	0.01
Dividend Per Share	0.220	0.220	-	-	-	-
Gross Margin	46.81%	46.56%	43.87%	45.26%	31.45%	29.32%
Operating Margin	30.19%	31.01%	28.68%	33.10%	18.99%	15.93%
Profit Margin	27.99%	27.17%	25.59%	28.52%	14.89%	12.90%
Free Cash Flow Margin	25.37%	39.48%	28.30%	39.92%	11.58%	2.07%
EBITDA	232.37	231.15	195.53	223.53	94.19	84.33
EBITDA Margin	35.94%	36.75%	35.03%	38.65%	28.01%	24.43%
D&A For EBITDA	37.18	36.09	35.49	32.09	30.33	29.33
EBIT	195.19	195.07	160.04	191.44	63.86	55
EBIT Margin	30.19%	31.01%	28.68%	33.10%	18.99%	15.93%
Effective Tax Rate	4.62%	8.17%	9.43%	7.75%	0.41%	-

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