Watani Iron Steel Company (TADAWUL:9513)

Watani Iron Steel Company Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	553.31	370.11	595.64	622.89	459.41
Revenue Growth (YoY)	49.50%	-37.86%	-4.38%	35.59%	-4.50%
Cost of Revenue	519.63	345.68	524.27	554.47	403.01
Gross Profit	33.68	24.43	71.37	68.42	56.4
Selling, General & Admin	16.86	14.13	14.88	13.7	12.26
Operating Expenses	18.2	14.13	14.88	13.7	13.58
Operating Income	15.48	10.3	56.5	54.72	42.82
Interest Expense	-6.41	-6.68	-6.97	-6.59	-7.5
Other Non Operating Income (Expenses)	1.05	0.75	1.31	0.2	-3.3
EBT Excluding Unusual Items	10.12	4.38	50.83	48.33	32.02
Gain (Loss) on Sale of Assets	0.01	-0	0.01	-0.03	-0
Pretax Income	10.13	4.38	50.85	48.3	32.02
Income Tax Expense	0.26	0.13	1.3	1.25	0.94
Net Income	9.87	4.24	49.55	47.06	31.08
Net Income to Common	9.87	4.24	49.55	47.06	31.08
Net Income Growth	132.47%	-91.43%	5.30%	51.40%	5.75%
Shares Outstanding (Basic)	182	182	182	182	182
Shares Outstanding (Diluted)	182	182	182	182	182
EPS (Basic)	0.05	0.02	0.27	0.26	0.17
EPS (Diluted)	0.05	0.02	0.27	0.26	0.17
EPS Growth	132.47%	-91.43%	5.30%	51.40%	5.74%
Free Cash Flow	35.95	-9.93	58.85	54.29	74.83
Free Cash Flow Per Share	0.20	-0.06	0.32	0.30	0.41
Gross Margin	6.09%	6.60%	11.98%	10.98%	12.28%
Operating Margin	2.80%	2.78%	9.49%	8.79%	9.32%
Profit Margin	1.78%	1.15%	8.32%	7.56%	6.77%
Free Cash Flow Margin	6.50%	-2.68%	9.88%	8.72%	16.29%
EBITDA	36.32	30.21	76.41	74.46	62.56
EBITDA Margin	6.56%	8.16%	12.83%	11.95%	13.62%
D&A For EBITDA	20.84	19.91	19.91	19.74	19.74
EBIT	15.48	10.3	56.5	54.72	42.82
EBIT Margin	2.80%	2.78%	9.49%	8.79%	9.32%
Effective Tax Rate	2.58%	3.05%	2.55%	2.58%	2.93%

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