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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,323	1,144	926.88	814.4	516.5	525.59
Revenue Growth (YoY)	27.97%	23.41%	13.81%	57.67%	-1.73%	12.26%
Cost of Revenue	1,120	949.23	775.2	739.86	464.96	445.78
Gross Profit	202.23	194.69	151.68	74.54	51.55	79.81
Selling, General & Admin	84.54	79.25	71.74	51.16	64.85	48.9
Other Operating Expenses	1.45	1.7	1.2	4.25	1.02	-0.17
Operating Expenses	89.34	83.9	75.34	48.96	57.67	48.73
Operating Income	112.89	110.79	76.34	25.57	-6.12	31.08
Interest Expense	-4.92	-3.5	-4.37	-3.54	-3.26	-3.88
Other Non Operating Income (Expenses)	-4.02	-2.51	-6.44	-2.66	-0.6	-0.66
EBT Excluding Unusual Items	103.95	104.78	65.53	19.37	-9.97	26.54
Asset Writedown	-	-	-	-0.28	-0.22	-0.62
Pretax Income	103.95	104.78	65.53	19.09	-10.19	25.92
Income Tax Expense	11.59	13.78	16.6	30.88	12.52	23.85
Earnings From Continuing Operations	92.36	91	48.94	-11.79	-22.72	2.07
Net Income to Company	92.36	91	48.94	-11.79	-22.72	2.07
Net Income	92.36	91	48.94	-11.79	-22.72	2.07
Net Income to Common	92.36	91	48.94	-11.79	-22.72	2.07
Net Income Growth	28.62%	85.96%	-	-	-	-
Shares Outstanding (Basic)	40	40	40	40	40	40
Shares Outstanding (Diluted)	40	40	40	40	40	40
EPS (Basic)	2.31	2.27	1.22	-0.29	-0.57	0.05
EPS (Diluted)	2.31	2.27	1.22	-0.29	-0.57	0.05
EPS Growth	28.62%	85.96%	-	-	-	-
Free Cash Flow	-184.13	-79	68.83	-46.6	51.95	37.07
Free Cash Flow Per Share	-4.60	-1.98	1.72	-1.17	1.30	0.93
Gross Margin	15.29%	17.02%	16.36%	9.15%	9.98%	15.19%
Operating Margin	8.54%	9.69%	8.24%	3.14%	-1.19%	5.91%
Profit Margin	6.98%	7.95%	5.28%	-1.45%	-4.40%	0.39%
Free Cash Flow Margin	-13.92%	-6.91%	7.43%	-5.72%	10.06%	7.05%
EBITDA	132.93	129.83	94.17	43.3	11.97	50.54
EBITDA Margin	10.05%	11.35%	10.16%	5.32%	2.32%	9.62%
D&A For EBITDA	20.04	19.04	17.83	17.73	18.09	19.46
EBIT	112.89	110.79	76.34	25.57	-6.12	31.08
EBIT Margin	8.54%	9.69%	8.24%	3.14%	-1.19%	5.91%
Effective Tax Rate	11.15%	13.15%	25.32%	161.75%	-	92.03%
Advertising Expenses	-	2.98	1.78	1.49	0.14	5.31

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