AFG International Company 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 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Mar '22 Mar 31, 2022
Revenue	5,104	4,847	4,671	5,664	5,915
Revenue Growth (YoY)	5.30%	3.77%	-17.52%	-4.25%	39.75%
Cost of Revenue	4,383	4,199	3,980	4,662	4,877
Gross Profit	720.92	647.86	691.03	1,001	1,038
Selling, General & Admin	606.36	570.45	624.74	493.91	537.25
Amortization of Goodwill & Intangibles	-	-	14.39	13.47	11.97
Other Operating Expenses	-6.4	-76.09	-74.62	-77.43	-48.63
Operating Expenses	599.96	494.36	686.41	574.83	667.92
Operating Income	120.96	153.5	4.62	426.38	369.78
Interest Expense	-289.7	-297.02	-311.3	-240.21	-250.86
Interest & Investment Income	-	-	-	7.35	-
Earnings From Equity Investments	-17.22	-23.71	-10.2	-12.94	-15.79
Currency Exchange Gain (Loss)	-59.31	4.69	-28.84	3.24	27.31
EBT Excluding Unusual Items	-245.28	-162.54	-345.73	183.82	130.45
Impairment of Goodwill	-120	-95.35	-370	-	-70.53
Gain (Loss) on Sale of Investments	-	-	-33	4.93	-2.43
Gain (Loss) on Sale of Assets	19	208.94	-7.12	17.83	-0.34
Asset Writedown	-57.94	-41.5	-221.59	-8.94	-37.14
Other Unusual Items	6.77	-1.11	1.25	8.26	84.77
Pretax Income	-397.45	-91.56	-976.19	205.9	104.78
Income Tax Expense	51.11	60.6	48.77	27.43	66.75
Earnings From Continuing Operations	-448.56	-152.16	-1,025	178.47	38.03
Earnings From Discontinued Operations	-48.18	-45.3	-87.85	-44.56	-
Net Income to Company	-496.74	-197.46	-1,113	133.91	38.03
Minority Interest in Earnings	-8.77	-6.08	-64.95	-1.35	6.66
Net Income	-505.51	-203.54	-1,178	132.56	44.69
Net Income to Common	-505.51	-203.54	-1,178	132.56	44.69
Net Income Growth	-	-	-	196.61%	-
Shares Outstanding (Basic)	115	115	115	115	115
Shares Outstanding (Diluted)	115	115	115	115	115
EPS (Basic)	-4.40	-1.77	-10.26	1.16	0.39
EPS (Diluted)	-4.40	-1.77	-10.26	1.16	0.39
EPS Growth	-	-	-	196.61%	-
Free Cash Flow	-614.66	1,121	1,145	671.7	863.99
Free Cash Flow Per Share	-5.36	9.77	9.98	5.85	7.53
Gross Margin	14.12%	13.37%	14.79%	17.68%	17.54%
Operating Margin	2.37%	3.17%	0.10%	7.53%	6.25%
Profit Margin	-9.90%	-4.20%	-25.21%	2.34%	0.76%
Free Cash Flow Margin	-12.04%	23.13%	24.52%	11.86%	14.61%
EBITDA	247.3	298.59	157.79	585.44	540.47
EBITDA Margin	4.84%	6.16%	3.38%	10.34%	9.14%
D&A For EBITDA	126.34	145.08	153.17	159.06	170.69
EBIT	120.96	153.5	4.62	426.38	369.78
EBIT Margin	2.37%	3.17%	0.10%	7.53%	6.25%
Effective Tax Rate	-	-	-	13.32%	63.70%
Advertising Expenses	40.6	44.14	74.29	-	56.64

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.