The National Shipping Company of Saudi Arabia (TADAWUL: 4030)

The National Shipping Company of Saudi Arabia Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	9,075	8,778	8,583	5,351	8,393	6,567
Revenue Growth (YoY)	-6.80%	2.27%	60.39%	-36.24%	27.81%	7.13%
Cost of Revenue	6,954	6,879	7,218	4,930	6,328	5,381
Gross Profit	2,121	1,898	1,365	421.21	2,065	1,187
Selling, General & Admin	278.28	223.89	187.31	154.22	164.83	147.74
Other Operating Expenses	-401.73	-283.59	-120.04	-157.33	-31.57	-239.81
Operating Expenses	-110.57	-57.14	41.66	-1.09	196.73	-13.21
Operating Income	2,232	1,956	1,323	422.3	1,869	1,200
Interest Expense	-647.94	-635.48	-337	-180.37	-247.33	-395.9
Interest & Investment Income	101.19	79.62	10.14	1.51	1.32	8.59
Earnings From Equity Investments	222.48	266.17	59.64	46.84	96.8	-23.7
Other Non Operating Income (Expenses)	13.83	13.83	39.59	0.35	-6.74	-67.82
EBT Excluding Unusual Items	1,921	1,680	1,096	290.63	1,713	720.89
Gain (Loss) on Sale of Investments	-	-	-	0.96	-	-
Gain (Loss) on Sale of Assets	214.08	214.08	159.84	0.06	-3.59	14.7
Pretax Income	2,135	1,894	1,256	291.64	1,709	735.59
Income Tax Expense	110.76	100.84	92.93	58.01	94.33	92.1
Earnings From Continuing Operations	2,025	1,793	1,163	233.63	1,615	643.49
Minority Interest in Earnings	-212.86	-179.58	-121.69	-41.2	-43.71	-22.79
Net Income	1,812	1,613	1,041	192.43	1,571	620.7
Net Income to Common	1,812	1,613	1,041	192.43	1,571	620.7
Net Income Growth	-1.32%	55.00%	440.92%	-87.75%	153.12%	28.98%
Shares Outstanding (Basic)	738	738	738	738	738	738
Shares Outstanding (Diluted)	738	738	738	738	738	738
Shares Change (YoY)	-	-	-0.00%	0.00%	-	-
EPS (Basic)	2.45	2.19	1.41	0.26	2.13	0.84
EPS (Diluted)	2.45	2.19	1.41	0.26	2.13	0.84
EPS Growth	-1.32%	55.00%	440.92%	-87.75%	153.12%	29.21%
Free Cash Flow	1,609	2,002	683.95	-341.87	2,444	1,501
Free Cash Flow Per Share	2.18	2.71	0.93	-0.46	3.31	2.03
Dividend Per Share	0.550	0.550	0.333	0.533	1.067	0.800
Dividend Growth	65.02%	65.02%	-37.51%	-50.00%	33.34%	0%
Gross Margin	23.37%	21.63%	15.90%	7.87%	24.61%	18.07%
Operating Margin	24.59%	22.28%	15.42%	7.89%	22.26%	18.27%
Profit Margin	19.96%	18.38%	12.13%	3.60%	18.72%	9.45%
Free Cash Flow Margin	17.73%	22.81%	7.97%	-6.39%	29.12%	22.86%
EBITDA	3,422	3,162	2,531	1,513	3,014	2,222
EBITDA Margin	37.71%	36.03%	29.49%	28.27%	35.91%	33.83%
D&A For EBITDA	1,190	1,207	1,208	1,090	1,146	1,022
EBIT	2,232	1,956	1,323	422.3	1,869	1,200
EBIT Margin	24.59%	22.28%	15.42%	7.89%	22.26%	18.27%
Effective Tax Rate	5.19%	5.32%	7.40%	19.89%	5.52%	12.52%

Source: S&P Capital IQ. Standard template. Financial Sources.