Halwani Bros. 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	903.87	969.06	882.72	1,024	1,091
Revenue Growth (YoY)	-6.73%	9.78%	-13.82%	-6.14%	3.44%
Cost of Revenue	645.53	680.16	712.07	753.88	748.86
Gross Profit	258.34	288.89	170.65	270.45	342.43
Selling, General & Admin	194.11	179.81	228.79	232.66	225.25
Other Operating Expenses	-12.09	-9.36	-3.69	0.42	-3.74
Operating Expenses	182.02	170.45	225.1	233.08	221.5
Operating Income	76.32	118.44	-54.46	37.37	120.93
Interest Expense	-28.39	-26.27	-25.84	-12.04	-5.25
Currency Exchange Gain (Loss)	-0.76	-27.58	0.3	-5.2	0.52
Other Non Operating Income (Expenses)	-	-	4.5	0.33	0.4
EBT Excluding Unusual Items	47.17	64.59	-75.49	20.45	116.6
Gain (Loss) on Sale of Investments	-	-	-0.32	-	-
Gain (Loss) on Sale of Assets	8.82	0.22	0.46	8.66	2.71
Asset Writedown	-2.25	-0.07	-3.75	-	-
Pretax Income	53.75	64.74	-79.1	29.11	119.3
Income Tax Expense	11.14	20.07	18.91	26.19	35.05
Net Income	42.61	44.67	-98.01	2.92	84.25
Net Income to Common	42.61	44.67	-98.01	2.92	84.25
Net Income Growth	-4.61%	-	-	-96.54%	-16.45%
Shares Outstanding (Basic)	35	35	35	35	35
Shares Outstanding (Diluted)	35	35	35	35	35
EPS (Basic)	1.21	1.26	-2.77	0.08	2.38
EPS (Diluted)	1.21	1.26	-2.77	0.08	2.38
EPS Growth	-4.61%	-	-	-96.54%	-16.45%
Free Cash Flow	108.05	77.12	48.31	-58.63	52.07
Free Cash Flow Per Share	3.06	2.18	1.37	-1.66	1.47
Dividend Per Share	-	-	-	-	1.500
Dividend Growth	-	-	-	-	12.50%
Gross Margin	28.58%	29.81%	19.33%	26.40%	31.38%
Operating Margin	8.44%	12.22%	-6.17%	3.65%	11.08%
Profit Margin	4.71%	4.61%	-11.10%	0.29%	7.72%
Free Cash Flow Margin	11.95%	7.96%	5.47%	-5.72%	4.77%
EBITDA	107.34	150.35	-21.37	72.06	159.16
EBITDA Margin	11.88%	15.52%	-2.42%	7.03%	14.59%
D&A For EBITDA	31.02	31.91	33.09	34.69	38.23
EBIT	76.32	118.44	-54.46	37.37	120.93
EBIT Margin	8.44%	12.22%	-6.17%	3.65%	11.08%
Effective Tax Rate	20.73%	31.01%	-	89.98%	29.38%
Advertising Expenses	6	6.72	7.01	3.8	3.36

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