Advance International Company for Communication and Information Technology (TADAWUL: 9524)

Advance International Company for Communication and Information Technology 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	49.62	47.28	41.76	30.11	32.83	30.37
Revenue Growth (YoY)	12.89%	13.21%	38.71%	-8.30%	8.12%	84.25%
Cost of Revenue	29.57	29.73	23.56	11.25	14.47	18.26
Gross Profit	20.05	17.55	18.2	18.86	18.37	12.1
Selling, General & Admin	15.37	13.83	10.78	12.42	8.64	5.07
Operating Expenses	16.06	14.38	10.88	12.42	8.64	5.95
Operating Income	3.98	3.17	7.33	6.45	9.73	6.16
Interest Expense	-0.14	-0.17	-0.28	-0.45	-0.27	-0.16
Other Non Operating Income (Expenses)	0.49	0.68	1.24	0.09	0.27	0.18
EBT Excluding Unusual Items	4.34	3.68	8.28	6.1	9.74	6.18
Gain (Loss) on Sale of Assets	-	-	-	-0.17	-0.24	-
Pretax Income	4.34	3.68	8.28	5.93	9.49	6.18
Income Tax Expense	0.58	0.58	0.62	0.68	0.51	0.3
Net Income	3.76	3.11	7.66	5.25	8.98	5.89
Net Income to Common	3.76	3.11	7.66	5.25	8.98	5.89
Net Income Growth	-43.99%	-59.45%	46.00%	-41.56%	52.49%	72.53%
Shares Outstanding (Basic)	64	64	64	64	64	64
Shares Outstanding (Diluted)	64	64	64	64	64	64
Shares Change (YoY)	-	-	-0.00%	-	-0.10%	-
EPS (Basic)	0.06	0.05	0.12	0.08	0.14	0.09
EPS (Diluted)	0.06	0.05	0.12	0.08	0.14	0.09
EPS Growth	-43.99%	-59.45%	46.00%	-41.56%	52.64%	-
Free Cash Flow	-7.73	2.27	7.53	-1.34	0.87	10.14
Free Cash Flow Per Share	-0.12	0.04	0.12	-0.02	0.01	0.16
Gross Margin	40.41%	37.12%	43.59%	62.65%	55.94%	39.86%
Operating Margin	8.03%	6.71%	17.54%	21.41%	29.63%	20.28%
Profit Margin	7.58%	6.57%	18.34%	17.43%	27.34%	19.39%
Free Cash Flow Margin	-15.58%	4.80%	18.03%	-4.44%	2.63%	33.40%
EBITDA	4.77	3.57	7.72	6.82	10.01	6.45
EBITDA Margin	9.61%	7.56%	18.50%	22.67%	30.50%	21.24%
D&A For EBITDA	0.78	0.4	0.4	0.38	0.29	0.29
EBIT	3.98	3.17	7.33	6.45	9.73	6.16
EBIT Margin	8.03%	6.71%	17.54%	21.41%	29.63%	20.28%
Effective Tax Rate	13.33%	15.66%	7.53%	11.51%	5.41%	4.78%
Advertising Expenses	-	0.29	0.08	0.22	0.03	0.01

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