TADAWUL:2370 Income Statement

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

Millions SAR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,605	1,482	1,144	926.88	814.4	516.5
Revenue Growth (YoY)	34.73%	29.56%	23.41%	13.81%	57.67%	-1.73%
Cost of Revenue	1,342	1,245	943.66	775.2	739.86	464.96
Gross Profit	263.46	237.09	200.25	151.68	74.54	51.55
Selling, General & Admin	110.22	100.84	80.57	71.74	51.16	64.85
Other Operating Expenses	-	-	-	1.2	4.25	1.02
Operating Expenses	113.9	104.03	83.52	75.34	48.96	57.67
Operating Income	149.56	133.06	116.73	76.34	25.57	-6.12
Interest Expense	-13.01	-9.9	-3.5	-4.37	-3.54	-3.26
Other Non Operating Income (Expenses)	-7.95	-7.98	-8.24	-6.44	-2.66	-0.6
EBT Excluding Unusual Items	128.6	115.18	104.99	65.53	19.37	-9.97
Asset Writedown	-	-	-0.21	-	-0.28	-0.22
Pretax Income	128.6	115.18	104.78	65.53	19.09	-10.19
Income Tax Expense	13.56	13.52	13.78	16.6	30.88	12.52
Earnings From Continuing Operations	115.04	101.66	91	48.94	-11.79	-22.72
Net Income to Company	115.04	101.66	91	48.94	-11.79	-22.72
Net Income	115.04	101.66	91	48.94	-11.79	-22.72
Net Income to Common	115.04	101.66	91	48.94	-11.79	-22.72
Net Income Growth	36.57%	11.72%	85.96%	-	-	-
Shares Outstanding (Basic)	40	40	40	40	40	40
Shares Outstanding (Diluted)	40	40	40	40	40	40
EPS (Basic)	2.88	2.54	2.27	1.22	-0.29	-0.57
EPS (Diluted)	2.88	2.54	2.27	1.22	-0.29	-0.57
EPS Growth	36.57%	11.72%	85.96%	-	-	-
Free Cash Flow	-77.37	-14.91	-72.23	68.83	-46.6	51.95
Free Cash Flow Per Share	-1.93	-0.37	-1.81	1.72	-1.17	1.30
Dividend Per Share	1.000	1.000	-	-	-	-
Gross Margin	16.41%	16.00%	17.51%	16.36%	9.15%	9.98%
Operating Margin	9.32%	8.98%	10.21%	8.24%	3.14%	-1.19%
Profit Margin	7.17%	6.86%	7.95%	5.28%	-1.45%	-4.40%
Free Cash Flow Margin	-4.82%	-1.01%	-6.31%	7.43%	-5.72%	10.06%
EBITDA	170.58	154.01	135.77	94.17	43.3	11.97
EBITDA Margin	10.63%	10.39%	11.87%	10.16%	5.32%	2.32%
D&A For EBITDA	21.02	20.94	19.04	17.83	17.73	18.09
EBIT	149.56	133.06	116.73	76.34	25.57	-6.12
EBIT Margin	9.32%	8.98%	10.21%	8.24%	3.14%	-1.19%
Effective Tax Rate	10.54%	11.74%	13.15%	25.32%	161.75%	-
Advertising Expenses	-	3.29	2.98	1.78	1.49	0.14

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