TADAWUL:4040 Income Statement

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

Millions SAR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	1,827	1,460	1,570	1,319	960.57
Revenue Growth (YoY)	25.14%	-7.01%	18.96%	37.36%	-17.88%
Cost of Revenue	1,418	1,157	1,295	1,143	958.23
Gross Profit	408.11	302.2	274.87	176.08	2.35
Selling, General & Admin	165.38	156.58	177.44	150.02	115.75
Other Operating Expenses	-37.72	-13.98	-36.44	-	-
Operating Expenses	118.36	155.93	154.73	166.02	119.44
Operating Income	289.75	146.27	120.14	10.06	-117.09
Interest Expense	-98.77	-109.37	-92.04	-69.94	-44.43
Interest & Investment Income	15.52	17.03	7.37	4.48	6.34
Earnings From Equity Investments	9.75	-19.92	-28.36	-23.46	-33.06
Other Non Operating Income (Expenses)	-0.05	-5.45	4.75	36.29	19.09
EBT Excluding Unusual Items	216.2	28.56	11.86	-42.57	-169.16
Gain (Loss) on Sale of Assets	0.84	6.86	-17	8.04	5.95
Asset Writedown	-71.08	-6.42	-6.58	-55.98	-43
Pretax Income	145.96	28.99	-11.72	-90.51	-204.39
Income Tax Expense	32.69	13.87	12.46	5.85	16.08
Earnings From Continuing Operations	113.28	15.12	-24.18	-96.35	-220.47
Minority Interest in Earnings	-54.99	-24.74	-11.41	5.48	4.28
Net Income	58.29	-9.63	-35.58	-90.87	-216.19
Net Income to Common	58.29	-9.63	-35.58	-90.87	-216.19
Shares Outstanding (Basic)	125	125	125	125	125
Shares Outstanding (Diluted)	125	125	125	125	125
EPS (Basic)	0.47	-0.08	-0.28	-0.73	-1.73
EPS (Diluted)	0.47	-0.08	-0.28	-0.73	-1.73
Free Cash Flow	-300.47	228.31	-115.07	614.33	-196.07
Free Cash Flow Per Share	-2.40	1.83	-0.92	4.92	-1.57
Gross Margin	22.34%	20.70%	17.51%	13.35%	0.24%
Operating Margin	15.86%	10.02%	7.65%	0.76%	-12.19%
Profit Margin	3.19%	-0.66%	-2.27%	-6.89%	-22.51%
Free Cash Flow Margin	-16.45%	15.64%	-7.33%	46.56%	-20.41%
EBITDA	480.95	322.8	290.66	158.52	45.18
EBITDA Margin	26.33%	22.12%	18.52%	12.01%	4.70%
D&A For EBITDA	191.2	176.54	170.52	148.46	162.27
EBIT	289.75	146.27	120.14	10.06	-117.09
EBIT Margin	15.86%	10.02%	7.65%	0.76%	-12.19%
Effective Tax Rate	22.39%	47.86%	-	-	-
Advertising Expenses	6.44	6.63	8.96	5.91	1.25

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