Saudi Vitrified Clay Pipe Company (TADAWUL:2360)

TADAWUL:2360 Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	70.63	68.27	58.49	75.67	76.35	88.72
Revenue Growth (YoY)	24.45%	16.72%	-22.71%	-0.88%	-13.94%	-28.09%
Cost of Revenue	83.96	83.96	62.89	68.46	71.96	67.32
Gross Profit	-13.33	-15.69	-4.4	7.22	4.39	21.39
Selling, General & Admin	29.19	29.19	23.53	22.96	24.01	22.47
Other Operating Expenses	-1.87	-	-	-	-	-
Operating Expenses	28.94	30.81	20.89	21.52	24.01	22.47
Operating Income	-42.26	-46.5	-25.29	-14.3	-19.62	-1.08
Interest Expense	-1.16	-1.16	-1.06	-0.28	-0.59	-0.2
Currency Exchange Gain (Loss)	-	-	-	-	0.45	-0.05
Other Non Operating Income (Expenses)	-0.11	-0.11	-0.47	5.38	0.71	1.61
EBT Excluding Unusual Items	-43.53	-47.76	-26.82	-9.21	-19.05	0.29
Impairment of Goodwill	-2.3	-2.3	-	-	-	-
Gain (Loss) on Sale of Assets	21.99	21.99	0.06	-	0.01	-0
Asset Writedown	-3.04	-3.04	-80.24	-46.41	0.25	-0.1
Legal Settlements	-	-	-	-	-	0.15
Other Unusual Items	0.15	0.15	-	-	-	-
Pretax Income	-26.73	-30.97	-107	-55.62	-5.72	0.34
Income Tax Expense	1.48	1.52	1.45	3.52	3.04	2.4
Net Income	-28.22	-32.49	-108.45	-59.14	-8.76	-2.06
Net Income to Common	-28.22	-32.49	-108.45	-59.14	-8.76	-2.06
Shares Outstanding (Basic)	15	15	15	15	15	15
Shares Outstanding (Diluted)	15	15	15	15	15	15
EPS (Basic)	-1.88	-2.17	-7.23	-3.94	-0.58	-0.14
EPS (Diluted)	-1.88	-2.17	-7.23	-3.94	-0.58	-0.14
Free Cash Flow	-58.22	-56.35	-15.92	6.04	3.68	11.58
Free Cash Flow Per Share	-3.87	-3.76	-1.06	0.40	0.25	0.77
Gross Margin	-18.87%	-22.99%	-7.53%	9.54%	5.75%	24.11%
Operating Margin	-59.84%	-68.12%	-43.24%	-18.90%	-25.70%	-1.21%
Profit Margin	-39.95%	-47.59%	-185.42%	-78.15%	-11.48%	-2.32%
Free Cash Flow Margin	-82.43%	-82.55%	-27.21%	7.99%	4.82%	13.06%
EBITDA	-37.74	-41.92	-14.51	-0.66	-6.76	11.72
EBITDA Margin	-53.43%	-61.41%	-24.80%	-0.88%	-8.86%	13.21%
D&A For EBITDA	4.53	4.58	10.79	13.64	12.86	12.8
EBIT	-42.26	-46.5	-25.29	-14.3	-19.62	-1.08
EBIT Margin	-59.84%	-68.12%	-43.24%	-18.90%	-25.70%	-1.21%
Effective Tax Rate	-	-	-	-	-	701.16%

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