Watani Iron Steel Company 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	429.11	428.69	553.31	370.11	595.64	622.89
Revenue Growth (YoY)	-18.64%	-22.52%	49.50%	-37.86%	-4.38%	35.59%
Cost of Revenue	421.46	420.59	519.63	345.68	524.27	554.47
Gross Profit	7.65	8.1	33.68	24.43	71.37	68.42
Selling, General & Admin	16.84	16.16	16.86	14.13	14.88	13.7
Operating Expenses	19.52	18.85	18.2	14.13	14.88	13.7
Operating Income	-11.87	-10.74	15.48	10.3	56.5	54.72
Interest Expense	-6.08	-5.84	-6.41	-6.68	-6.97	-6.59
Other Non Operating Income (Expenses)	2.45	1.67	1.05	0.75	1.31	0.2
EBT Excluding Unusual Items	-15.5	-14.91	10.12	4.38	50.83	48.33
Gain (Loss) on Sale of Assets	0.04	0.04	0.01	-0	0.01	-0.03
Pretax Income	-15.46	-14.87	10.13	4.38	50.85	48.3
Income Tax Expense	-0.1	-	0.26	0.13	1.3	1.25
Net Income	-15.37	-14.87	9.87	4.24	49.55	47.06
Net Income to Common	-15.37	-14.87	9.87	4.24	49.55	47.06
Net Income Growth	-	-	132.47%	-91.43%	5.30%	51.40%
Shares Outstanding (Basic)	182	182	182	182	182	182
Shares Outstanding (Diluted)	182	182	182	182	182	182
EPS (Basic)	-0.08	-0.08	0.05	0.02	0.27	0.26
EPS (Diluted)	-0.08	-0.08	0.05	0.02	0.27	0.26
EPS Growth	-	-	132.47%	-91.43%	5.30%	51.40%
Free Cash Flow	-14.29	5.65	35.95	-9.93	58.85	54.29
Free Cash Flow Per Share	-0.08	0.03	0.20	-0.06	0.32	0.30
Gross Margin	1.78%	1.89%	6.09%	6.60%	11.98%	10.98%
Operating Margin	-2.77%	-2.51%	2.80%	2.78%	9.49%	8.79%
Profit Margin	-3.58%	-3.47%	1.78%	1.15%	8.32%	7.56%
Free Cash Flow Margin	-3.33%	1.32%	6.50%	-2.68%	9.88%	8.72%
EBITDA	2.39	5.8	36.32	30.21	76.41	74.46
EBITDA Margin	0.56%	1.35%	6.56%	8.16%	12.83%	11.95%
D&A For EBITDA	14.25	16.54	20.84	19.91	19.91	19.74
EBIT	-11.87	-10.74	15.48	10.3	56.5	54.72
EBIT Margin	-2.77%	-2.51%	2.80%	2.78%	9.49%	8.79%
Effective Tax Rate	-	-	2.58%	3.05%	2.55%	2.58%

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