Middle East Specialized Cables Company (TADAWUL:2370)

TADAWUL:2370 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,414	1,144	926.88	814.4	516.5	525.59
Revenue Growth (YoY)	29.38%	23.41%	13.81%	57.67%	-1.73%	12.26%
Cost of Revenue	1,201	949.23	775.2	739.86	464.96	445.78
Gross Profit	212.83	194.69	151.68	74.54	51.55	79.81
Selling, General & Admin	91.27	79.25	71.74	51.16	64.85	48.9
Other Operating Expenses	4.58	1.7	1.2	4.25	1.02	-0.17
Operating Expenses	99.09	83.9	75.34	48.96	57.67	48.73
Operating Income	113.74	110.79	76.34	25.57	-6.12	31.08
Interest Expense	-6.6	-3.5	-4.37	-3.54	-3.26	-3.88
Other Non Operating Income (Expenses)	-3.21	-2.51	-6.44	-2.66	-0.6	-0.66
EBT Excluding Unusual Items	103.93	104.78	65.53	19.37	-9.97	26.54
Asset Writedown	-	-	-	-0.28	-0.22	-0.62
Pretax Income	103.93	104.78	65.53	19.09	-10.19	25.92
Income Tax Expense	12.19	13.78	16.6	30.88	12.52	23.85
Earnings From Continuing Operations	91.73	91	48.94	-11.79	-22.72	2.07
Net Income to Company	91.73	91	48.94	-11.79	-22.72	2.07
Net Income	91.73	91	48.94	-11.79	-22.72	2.07
Net Income to Common	91.73	91	48.94	-11.79	-22.72	2.07
Net Income Growth	15.85%	85.96%	-	-	-	-
Shares Outstanding (Basic)	40	40	40	40	40	40
Shares Outstanding (Diluted)	40	40	40	40	40	40
EPS (Basic)	2.29	2.27	1.22	-0.29	-0.57	0.05
EPS (Diluted)	2.29	2.27	1.22	-0.29	-0.57	0.05
EPS Growth	15.85%	85.96%	-	-	-	-
Free Cash Flow	-65.47	-79	68.83	-46.6	51.95	37.07
Free Cash Flow Per Share	-1.64	-1.98	1.72	-1.17	1.30	0.93
Gross Margin	15.05%	17.02%	16.36%	9.15%	9.98%	15.19%
Operating Margin	8.04%	9.69%	8.24%	3.14%	-1.19%	5.91%
Profit Margin	6.49%	7.95%	5.28%	-1.45%	-4.40%	0.39%
Free Cash Flow Margin	-4.63%	-6.91%	7.43%	-5.72%	10.06%	7.05%
EBITDA	134.34	129.83	94.17	43.3	11.97	50.54
EBITDA Margin	9.50%	11.35%	10.16%	5.32%	2.32%	9.62%
D&A For EBITDA	20.6	19.04	17.83	17.73	18.09	19.46
EBIT	113.74	110.79	76.34	25.57	-6.12	31.08
EBIT Margin	8.04%	9.69%	8.24%	3.14%	-1.19%	5.91%
Effective Tax Rate	11.73%	13.15%	25.32%	161.75%	-	92.03%
Advertising Expenses	-	2.98	1.78	1.49	0.14	5.31

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.