Saudi Telecom Company (TADAWUL: 7010)

Saudi Telecom Company 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	74,475	72,337	67,432	63,008	58,953	54,368
Revenue Growth (YoY)	3.63%	7.27%	7.02%	6.88%	8.43%	4.63%
Cost of Revenue	37,657	35,835	31,821	29,807	25,925	23,178
Gross Profit	36,818	36,502	35,611	33,201	33,029	31,190
Selling, General & Admin	12,882	12,543	11,611	10,361	10,939	9,925
Operating Expenses	23,340	23,012	21,601	20,048	20,298	18,710
Operating Income	13,478	13,490	14,009	13,154	12,731	12,480
Interest Expense	-1,160	-915.92	-442.47	-370.04	-415.6	-475.64
Interest & Investment Income	1,729	1,513	602.46	377.91	413.87	639.16
Earnings From Equity Investments	67.61	52.58	-1,212	-778.03	52.95	49.6
Currency Exchange Gain (Loss)	-54.19	-54.19	-55.89	-28.3	10.59	-3.89
Other Non Operating Income (Expenses)	-1,364	-465.37	-390.35	-198.92	-251.32	-365.58
EBT Excluding Unusual Items	12,697	13,620	12,511	12,156	12,542	12,324
Merger & Restructuring Charges	-920.13	-862.84	-365.73	-313.26	-600	-600
Impairment of Goodwill	-13.46	-13.46	-	-25.4	-	-
Gain (Loss) on Sale of Investments	54.07	214.59	426.26	851.98	564.42	287.48
Gain (Loss) on Sale of Assets	1,113	1,113	-180.71	-34.03	-150.39	-324.55
Asset Writedown	-	-	-	-0.62	-	-
Other Unusual Items	1,583	724	1,079	-	-	-
Pretax Income	14,513	14,795	13,470	12,635	12,356	11,687
Income Tax Expense	1,027	1,375	1,083	1,040	1,170	762.14
Earnings From Continuing Operations	13,487	13,419	12,387	11,595	11,185	10,925
Minority Interest in Earnings	-184.61	-124.1	-216.39	-283.36	-190.32	-260.17
Net Income	13,507	13,295	12,171	11,311	10,995	10,665
Net Income to Common	13,507	13,295	12,171	11,311	10,995	10,665
Net Income Growth	-1.97%	9.24%	7.60%	2.88%	3.10%	-1.07%
Shares Outstanding (Basic)	4,988	4,984	4,992	4,993	4,998	5,000
Shares Outstanding (Diluted)	4,988	5,000	5,000	5,000	5,000	5,000
Shares Change (YoY)	-0.28%	-	-	-	-	-
EPS (Basic)	2.71	2.67	2.44	2.27	2.20	2.13
EPS (Diluted)	2.71	2.66	2.43	2.26	2.20	2.13
EPS Growth	-1.54%	9.47%	7.52%	2.73%	3.18%	-1.11%
Free Cash Flow	16,879	15,180	20,858	5,189	19,175	493.92
Free Cash Flow Per Share	3.38	3.04	4.17	1.04	3.83	0.10
Dividend Per Share	1.600	1.600	1.600	1.600	1.600	1.600
Gross Margin	49.44%	50.46%	52.81%	52.69%	56.03%	57.37%
Operating Margin	18.10%	18.65%	20.78%	20.88%	21.60%	22.96%
Profit Margin	18.14%	18.38%	18.05%	17.95%	18.65%	19.62%
Free Cash Flow Margin	22.66%	20.99%	30.93%	8.24%	32.53%	0.91%
EBITDA	21,382	21,305	21,686	20,645	19,765	19,199
EBITDA Margin	28.71%	29.45%	32.16%	32.77%	33.53%	35.31%
D&A For EBITDA	7,904	7,815	7,676	7,492	7,034	6,719
EBIT	13,478	13,490	14,009	13,154	12,731	12,480
EBIT Margin	18.10%	18.65%	20.78%	20.88%	21.60%	22.96%
Effective Tax Rate	7.08%	9.30%	8.04%	8.23%	9.47%	6.52%
Advertising Expenses	-	-	-	-	-	769.6

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