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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,192	1,144	926.88	814.4	516.5	525.59
Revenue Growth (YoY)	19.21%	23.41%	13.81%	57.67%	-1.73%	12.26%
Cost of Revenue	1,000	949.23	775.2	739.86	464.96	445.78
Gross Profit	191.58	194.69	151.68	74.54	51.55	79.81
Selling, General & Admin	80.19	79.25	71.74	51.16	64.85	48.9
Other Operating Expenses	1.33	1.7	1.2	4.25	1.02	-0.17
Operating Expenses	84.51	83.9	75.34	48.96	57.67	48.73
Operating Income	107.07	110.79	76.34	25.57	-6.12	31.08
Interest Expense	-5.71	-3.5	-4.37	-3.54	-3.26	-3.88
Other Non Operating Income (Expenses)	-2.49	-2.51	-6.44	-2.66	-0.6	-0.66
EBT Excluding Unusual Items	98.87	104.78	65.53	19.37	-9.97	26.54
Asset Writedown	-	-	-	-0.28	-0.22	-0.62
Pretax Income	98.87	104.78	65.53	19.09	-10.19	25.92
Income Tax Expense	14.63	13.78	16.6	30.88	12.52	23.85
Earnings From Continuing Operations	84.24	91	48.94	-11.79	-22.72	2.07
Net Income to Company	84.24	91	48.94	-11.79	-22.72	2.07
Net Income	84.24	91	48.94	-11.79	-22.72	2.07
Net Income to Common	84.24	91	48.94	-11.79	-22.72	2.07
Net Income Growth	34.86%	85.96%	-	-	-	-
Shares Outstanding (Basic)	40	40	40	40	40	40
Shares Outstanding (Diluted)	40	40	40	40	40	40
EPS (Basic)	2.11	2.27	1.22	-0.29	-0.57	0.05
EPS (Diluted)	2.11	2.27	1.22	-0.29	-0.57	0.05
EPS Growth	34.86%	85.96%	-	-	-	-
Free Cash Flow	-89.02	-79	68.83	-46.6	51.95	37.07
Free Cash Flow Per Share	-2.23	-1.98	1.72	-1.17	1.30	0.93
Gross Margin	16.08%	17.02%	16.36%	9.15%	9.98%	15.19%
Operating Margin	8.98%	9.69%	8.24%	3.14%	-1.19%	5.91%
Profit Margin	7.07%	7.95%	5.28%	-1.45%	-4.40%	0.39%
Free Cash Flow Margin	-7.47%	-6.91%	7.43%	-5.72%	10.06%	7.05%
EBITDA	126.51	129.83	94.17	43.3	11.97	50.54
EBITDA Margin	10.62%	11.35%	10.16%	5.32%	2.32%	9.62%
D&A For EBITDA	19.44	19.04	17.83	17.73	18.09	19.46
EBIT	107.07	110.79	76.34	25.57	-6.12	31.08
EBIT Margin	8.98%	9.69%	8.24%	3.14%	-1.19%	5.91%
Effective Tax Rate	14.80%	13.15%	25.32%	161.75%	-	92.03%
Advertising Expenses	-	2.98	1.78	1.49	0.14	5.31

Updated Nov 16, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.