Al-Babtain Power and Telecommunications Company (TADAWUL: 2320)

Al-Babtain Power and Telecommunications Company Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	2,667	2,490	2,197	1,502	1,387	1,349
Revenue Growth (YoY)	2.61%	13.36%	46.26%	8.29%	2.86%	47.67%
Cost of Revenue	2,209	2,094	1,929	1,307	1,185	1,162
Gross Profit	458.18	396.96	268.09	194.78	202.56	186.47
Selling, General & Admin	124	122.49	114.81	105.59	103.5	94.22
Other Operating Expenses	-40.87	-43	-42.18	-	-30.34	-
Operating Expenses	87.53	80.97	88.64	100.62	65.88	76.96
Operating Income	370.65	315.99	179.45	94.17	136.69	109.51
Interest Expense	-96.37	-91.19	-69.66	-36.38	-34.81	-33.82
Interest & Investment Income	4.56	2.76	7.74	3.88	9	3.57
Earnings From Equity Investments	-1.67	-1.58	-5.14	5.52	-3.01	1.04
Currency Exchange Gain (Loss)	-12.65	-3.27	-11.58	-	5.73	-
Other Non Operating Income (Expenses)	-51.36	-48.65	-4.21	3.32	-	29.37
EBT Excluding Unusual Items	213.16	174.06	96.6	70.51	113.59	109.67
Gain (Loss) on Sale of Investments	3.52	4.45	-12.33	-	-	-
Gain (Loss) on Sale of Assets	47.89	0.15	-0	0.08	0.52	0.06
Pretax Income	264.57	178.66	84.27	70.59	114.11	109.73
Income Tax Expense	35.54	35.67	33.82	19.37	30.71	19.22
Earnings From Continuing Operations	229.04	142.99	50.45	51.22	83.4	90.5
Minority Interest in Earnings	-5.5	-1.49	2.18	-0.19	-3.09	-4.5
Net Income	223.54	141.49	52.63	51.03	80.31	86.01
Net Income to Common	223.54	141.49	52.63	51.03	80.31	86.01
Net Income Growth	155.90%	168.84%	3.14%	-36.46%	-6.63%	23.32%
Shares Outstanding (Basic)	64	64	64	64	64	64
Shares Outstanding (Diluted)	64	64	64	64	64	64
EPS (Basic)	3.50	2.21	0.82	0.80	1.26	1.35
EPS (Diluted)	3.50	2.21	0.82	0.80	1.26	1.35
EPS Growth	155.90%	168.84%	3.14%	-36.46%	-6.63%	23.32%
Free Cash Flow	258.35	209.59	-164.59	-233.62	-95.19	-147.39
Free Cash Flow Per Share	4.04	3.28	-2.57	-3.65	-1.49	-2.30
Dividend Per Share	1.000	1.000	0.333	0.333	0.667	0.667
Dividend Growth	200.03%	200.03%	0%	-50.01%	0%	-
Gross Margin	17.18%	15.94%	12.20%	12.97%	14.60%	13.83%
Operating Margin	13.90%	12.69%	8.17%	6.27%	9.85%	8.12%
Profit Margin	8.38%	5.68%	2.40%	3.40%	5.79%	6.38%
Free Cash Flow Margin	9.69%	8.42%	-7.49%	-15.55%	-6.86%	-10.93%
EBITDA	400.61	345.33	207.4	121.43	166.74	132.06
EBITDA Margin	15.02%	13.87%	9.44%	8.08%	12.02%	9.79%
D&A For EBITDA	29.96	29.34	27.95	27.26	30.06	22.55
EBIT	370.65	315.99	179.45	94.17	136.69	109.51
EBIT Margin	13.90%	12.69%	8.17%	6.27%	9.85%	8.12%
Effective Tax Rate	13.43%	19.97%	40.13%	27.45%	26.91%	17.52%
Advertising Expenses	-	0.59	0.57	0.17	0.24	0.39

Source: S&P Capital IQ. Standard template. Financial Sources.