Halwani Bros. 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	911.58	903.87	969.06	882.72	1,024	1,091
Revenue Growth (YoY)	-2.95%	-6.73%	9.78%	-13.82%	-6.14%	3.44%
Cost of Revenue	649.21	645.53	680.16	712.07	753.88	748.86
Gross Profit	262.37	258.34	288.89	170.65	270.45	342.43
Selling, General & Admin	194.64	194.11	179.81	228.79	232.66	225.25
Other Operating Expenses	-11.4	-12.09	-9.36	-3.69	0.42	-3.74
Operating Expenses	183.24	182.02	170.45	225.1	233.08	221.5
Operating Income	79.13	76.32	118.44	-54.46	37.37	120.93
Interest Expense	-24.72	-28.39	-26.27	-25.84	-12.04	-5.25
Currency Exchange Gain (Loss)	-3.89	-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	50.52	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	8.82	0.22	0.46	8.66	2.71
Asset Writedown	-3.78	-2.25	-0.07	-3.75	-	-
Pretax Income	55.56	53.75	64.74	-79.1	29.11	119.3
Income Tax Expense	9.06	11.14	20.07	18.91	26.19	35.05
Net Income	46.51	42.61	44.67	-98.01	2.92	84.25
Net Income to Common	46.51	42.61	44.67	-98.01	2.92	84.25
Net Income Growth	-23.45%	-4.61%	-	-	-96.54%	-16.45%
Shares Outstanding (Basic)	35	35	35	35	35	35
Shares Outstanding (Diluted)	35	35	35	35	35	35
EPS (Basic)	1.32	1.21	1.26	-2.77	0.08	2.38
EPS (Diluted)	1.32	1.21	1.26	-2.77	0.08	2.38
EPS Growth	-23.45%	-4.61%	-	-	-96.54%	-16.45%
Free Cash Flow	126.47	108.05	77.12	48.31	-58.63	52.07
Free Cash Flow Per Share	3.58	3.06	2.18	1.37	-1.66	1.47
Dividend Per Share	-	-	-	-	-	1.500
Dividend Growth	-	-	-	-	-	12.50%
Gross Margin	28.78%	28.58%	29.81%	19.33%	26.40%	31.38%
Operating Margin	8.68%	8.44%	12.22%	-6.17%	3.65%	11.08%
Profit Margin	5.10%	4.71%	4.61%	-11.10%	0.29%	7.72%
Free Cash Flow Margin	13.87%	11.95%	7.96%	5.47%	-5.72%	4.77%
EBITDA	110.18	107.34	150.35	-21.37	72.06	159.16
EBITDA Margin	12.09%	11.88%	15.52%	-2.42%	7.03%	14.59%
D&A For EBITDA	31.05	31.02	31.91	33.09	34.69	38.23
EBIT	79.13	76.32	118.44	-54.46	37.37	120.93
EBIT Margin	8.68%	8.44%	12.22%	-6.17%	3.65%	11.08%
Effective Tax Rate	16.30%	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.