TADAWUL:9523 Income Statement

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

Millions SAR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	1,523	976.56	455.31	230.54	641.1	916.16
Revenue Growth (YoY)	193.01%	114.48%	97.50%	-64.04%	-30.02%	41.20%
Cost of Revenue	1,293	869.36	397.9	228.36	579.84	786.4
Gross Profit	229.83	107.2	57.4	2.18	61.26	129.76
Selling, General & Admin	24.23	21.03	14.16	14.55	10.04	9.73
Other Operating Expenses	-6.22	-1.64	-0.54	-0	-	-
Operating Expenses	18.46	19.83	15.88	16.56	7.12	9.73
Operating Income	211.37	87.37	41.52	-14.38	54.13	120.03
Interest Expense	-63.42	-60.01	-48.85	-33.9	-31.04	-41.69
Interest & Investment Income	12.09	13.51	19.27	21.68	15.09	11.17
Other Non Operating Income (Expenses)	-	-	-0.59	2.4	-0.8	-3.71
Pretax Income	160.04	40.86	11.35	-24.2	37.38	85.79
Income Tax Expense	5.54	2.34	1.98	0.18	2.26	2.17
Net Income	154.5	38.52	9.37	-24.38	35.11	83.61
Net Income to Common	154.5	38.52	9.37	-24.38	35.11	83.61
Net Income Growth	1635.82%	310.94%	-	-	-58.00%	110.65%
Shares Outstanding (Basic)	28	28	28	28	28	28
Shares Outstanding (Diluted)	28	28	28	28	28	28
EPS (Basic)	5.52	1.38	0.33	-0.87	1.25	2.99
EPS (Diluted)	5.52	1.38	0.33	-0.87	1.25	2.99
EPS Growth	1635.83%	310.94%	-	-	-58.00%	110.65%
Free Cash Flow	117.74	-60.14	22.85	101.9	-0.19	55.88
Free Cash Flow Per Share	4.21	-2.15	0.82	3.64	-0.01	2.00
Dividend Per Share	0.500	0.500	-	-	-	-
Gross Margin	15.09%	10.98%	12.61%	0.95%	9.55%	14.16%
Operating Margin	13.88%	8.95%	9.12%	-6.24%	8.44%	13.10%
Profit Margin	10.14%	3.94%	2.06%	-10.57%	5.48%	9.13%
Free Cash Flow Margin	7.73%	-6.16%	5.02%	44.20%	-0.03%	6.10%
EBITDA	232.16	108.1	62.22	6.15	74.53	133.4
EBITDA Margin	15.24%	11.07%	13.66%	2.67%	11.63%	14.56%
D&A For EBITDA	20.79	20.73	20.69	20.53	20.39	13.38
EBIT	211.37	87.37	41.52	-14.38	54.13	120.03
EBIT Margin	13.88%	8.95%	9.12%	-6.24%	8.44%	13.10%
Effective Tax Rate	3.46%	5.73%	17.41%	-	6.05%	2.53%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.