Naseej for Technology Co. Income Statement

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

Millions SAR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	227.56	246.81	215.22	215.07	194.42
Revenue Growth (YoY)	-7.80%	14.67%	0.07%	10.62%	-5.39%
Cost of Revenue	164.54	187.83	150.51	150.26	133.65
Gross Profit	63.02	58.98	64.71	64.81	60.77
Selling, General & Admin	45.55	42.25	43.27	40.1	36.26
Other Operating Expenses	0.02	0.02	0.06	-	-
Operating Expenses	52.36	44.17	48.75	40.1	36.26
Operating Income	10.66	14.82	15.97	24.7	24.51
Interest Expense	-1.81	-1.96	-1.6	-0.59	-0.08
Earnings From Equity Investments	0.03	0.96	0.62	0.74	0.79
Currency Exchange Gain (Loss)	-0.84	-1.05	-0.64	-1.05	-0.03
Other Non Operating Income (Expenses)	0.79	2.37	3.36	2.04	0.95
EBT Excluding Unusual Items	8.83	15.13	17.72	25.84	26.13
Impairment of Goodwill	-0.18	-	-0.05	-	-
Gain (Loss) on Sale of Assets	-	-	0.01	-	-
Asset Writedown	-	-6.98	-	-	-
Pretax Income	8.65	8.15	17.68	25.84	26.13
Income Tax Expense	2.83	4.08	4.33	3.75	5.25
Earnings From Continuing Operations	5.82	4.06	13.35	22.09	20.88
Minority Interest in Earnings	-0.67	-0.26	-0.31	-0.23	-0.17
Net Income	5.15	3.8	13.04	21.86	20.71
Net Income to Common	5.15	3.8	13.04	21.86	20.71
Net Income Growth	35.48%	-70.84%	-40.34%	5.55%	117.94%
Shares Outstanding (Basic)	5	5	5	5	5
Shares Outstanding (Diluted)	5	5	5	5	5
EPS (Basic)	1.03	0.76	2.61	4.37	4.14
EPS (Diluted)	1.03	0.76	2.61	4.37	4.14
EPS Growth	35.48%	-70.84%	-40.34%	5.55%	117.94%
Free Cash Flow	19.96	45.74	-7.32	-23.74	1.65
Free Cash Flow Per Share	3.99	9.15	-1.46	-4.75	0.33
Gross Margin	27.69%	23.90%	30.07%	30.13%	31.26%
Operating Margin	4.68%	6.00%	7.42%	11.48%	12.61%
Profit Margin	2.26%	1.54%	6.06%	10.16%	10.65%
Free Cash Flow Margin	8.77%	18.54%	-3.40%	-11.04%	0.85%
EBITDA	11.4	15.58	16.7	25.37	25.32
EBITDA Margin	5.01%	6.31%	7.76%	11.79%	13.02%
D&A For EBITDA	0.75	0.77	0.73	0.66	0.82
EBIT	10.66	14.82	15.97	24.7	24.51
EBIT Margin	4.68%	6.00%	7.42%	11.48%	12.60%
Effective Tax Rate	32.69%	50.12%	24.49%	14.51%	20.10%

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