TADAWUL:2320 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	2,857	2,812	2,490	2,197	1,502
Revenue Growth (YoY)	1.60%	12.93%	13.36%	46.26%	8.29%
Cost of Revenue	2,164	2,354	2,093	1,929	1,307
Gross Profit	693.14	458.83	397.34	268.09	194.78
Selling, General & Admin	151.74	137.21	122.87	114.81	105.59
Other Operating Expenses	-46.28	-45.82	-43	-42.18	-
Operating Expenses	115.25	93.35	81.36	88.64	100.62
Operating Income	577.89	365.48	315.99	179.45	94.17
Interest Expense	-77.57	-89.59	-91.19	-69.66	-36.38
Interest & Investment Income	8.44	4.72	2.76	7.74	3.88
Earnings From Equity Investments	-	-0.55	-1.58	-5.14	5.52
Currency Exchange Gain (Loss)	-1.12	-9.56	-3.27	-11.58	-
Other Non Operating Income (Expenses)	-8.44	-15.27	-49.66	-4.21	3.32
EBT Excluding Unusual Items	499.2	255.23	173.05	96.6	70.51
Gain (Loss) on Sale of Investments	-3.93	2.35	4.45	-12.33	-
Gain (Loss) on Sale of Assets	-0.1	47.15	0.15	-0	0.08
Pretax Income	495.17	304.72	177.65	84.27	70.59
Income Tax Expense	37.66	32.71	34.66	33.82	19.37
Earnings From Continuing Operations	457.51	272.01	142.99	50.45	51.22
Minority Interest in Earnings	-4.45	-6.26	-1.49	2.18	-0.19
Net Income	453.06	265.75	141.49	52.63	51.03
Net Income to Common	453.06	265.75	141.49	52.63	51.03
Net Income Growth	70.48%	87.82%	168.84%	3.14%	-36.46%
Shares Outstanding (Basic)	64	64	64	64	64
Shares Outstanding (Diluted)	64	64	64	64	64
EPS (Basic)	7.08	4.16	2.21	0.82	0.80
EPS (Diluted)	7.08	4.16	2.21	0.82	0.80
EPS Growth	70.48%	87.82%	168.84%	3.14%	-36.46%
Free Cash Flow	512.64	470.48	215.86	-164.59	-233.62
Free Cash Flow Per Share	8.02	7.36	3.38	-2.57	-3.65
Dividend Per Share	-	1.500	1.000	0.333	0.333
Dividend Growth	-	50.00%	200.03%	-	-50.01%
Gross Margin	24.26%	16.31%	15.95%	12.20%	12.97%
Operating Margin	20.22%	13.00%	12.69%	8.17%	6.27%
Profit Margin	15.86%	9.45%	5.68%	2.40%	3.40%
Free Cash Flow Margin	17.94%	16.73%	8.67%	-7.49%	-15.55%
EBITDA	606.36	393.65	345.33	207.4	121.43
EBITDA Margin	21.22%	14.00%	13.87%	9.44%	8.08%
D&A For EBITDA	28.47	28.18	29.34	27.95	27.26
EBIT	577.89	365.48	315.99	179.45	94.17
EBIT Margin	20.22%	13.00%	12.69%	8.17%	6.27%
Effective Tax Rate	7.61%	10.73%	19.51%	40.13%	27.45%
Advertising Expenses	1.23	0.83	0.59	0.57	0.17

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