Saudi Vitrified Clay Pipe Company (TADAWUL:2360)

TADAWUL:2360 Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	56.76	58.49	75.67	76.35	88.72	123.37
Revenue Growth (YoY)	-18.83%	-22.71%	-0.88%	-13.94%	-28.09%	0.61%
Cost of Revenue	61.7	62.89	68.46	71.96	67.32	83.42
Gross Profit	-4.95	-4.4	7.22	4.39	21.39	39.95
Selling, General & Admin	24.65	23.53	22.96	24.01	22.47	26.91
Operating Expenses	22.61	20.89	21.52	24.01	22.47	26.91
Operating Income	-27.55	-25.29	-14.3	-19.62	-1.08	13.04
Interest Expense	-1.56	-1.06	-0.28	-0.59	-0.2	-0.23
Currency Exchange Gain (Loss)	-	-	-	0.45	-0.05	0.15
Other Non Operating Income (Expenses)	-0.49	-0.41	5.38	0.71	1.61	0.26
EBT Excluding Unusual Items	-29.6	-26.76	-9.21	-19.05	0.29	13.21
Gain (Loss) on Sale of Assets	-	-	-	0.01	-0	0.01
Asset Writedown	-80.24	-80.24	-46.41	0.25	-0.1	-
Legal Settlements	-	-	-	-	0.15	-
Pretax Income	-109.84	-107	-55.62	-5.72	0.34	13.22
Income Tax Expense	1.74	1.45	3.52	3.04	2.4	2.55
Net Income	-111.58	-108.45	-59.14	-8.76	-2.06	10.67
Net Income to Common	-111.58	-108.45	-59.14	-8.76	-2.06	10.67
Net Income Growth	-	-	-	-	-	21.57%
Shares Outstanding (Basic)	15	15	15	15	15	15
Shares Outstanding (Diluted)	15	15	15	15	15	15
EPS (Basic)	-7.44	-7.23	-3.94	-0.58	-0.14	0.71
EPS (Diluted)	-7.44	-7.23	-3.94	-0.58	-0.14	0.71
EPS Growth	-	-	-	-	-	21.57%
Free Cash Flow	-24.35	-15.8	6.04	3.68	11.58	25.65
Free Cash Flow Per Share	-1.62	-1.05	0.40	0.25	0.77	1.71
Dividend Per Share	-	-	-	-	-	1.000
Gross Margin	-8.71%	-7.53%	9.54%	5.75%	24.11%	32.38%
Operating Margin	-48.55%	-43.24%	-18.90%	-25.70%	-1.21%	10.57%
Profit Margin	-196.59%	-185.42%	-78.15%	-11.48%	-2.32%	8.65%
Free Cash Flow Margin	-42.90%	-27.02%	7.99%	4.82%	13.06%	20.79%
EBITDA	-18.04	-14.51	-0.66	-6.76	11.72	26.09
EBITDA Margin	-31.79%	-24.80%	-0.88%	-8.86%	13.21%	21.15%
D&A For EBITDA	9.51	10.79	13.64	12.86	12.8	13.05
EBIT	-27.55	-25.29	-14.3	-19.62	-1.08	13.04
EBIT Margin	-48.55%	-43.24%	-18.90%	-25.70%	-1.21%	10.57%
Effective Tax Rate	-	-	-	-	701.16%	19.26%

Updated Nov 18, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.