TADAWUL:9540 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	Sep '25 Sep 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	964.78	806.05	631.91	402.45	153.6	68.85
Revenue Growth (YoY)	23.23%	27.56%	57.02%	162.01%	123.08%	214.49%
Cost of Revenue	876.68	747.75	590.46	371.57	134.96	53.58
Gross Profit	88.1	58.29	41.45	30.88	18.64	15.27
Selling, General & Admin	13.94	10.46	9.89	6.33	6.74	4.49
Operating Expenses	16.88	12.02	10.26	7.5	7.98	4.51
Operating Income	71.23	46.27	31.18	23.38	10.67	10.76
Interest Expense	-14.53	-7.9	-3.45	-0.88	-0.2	-0.2
Currency Exchange Gain (Loss)	-0.61	-0.08	-0.05	-	-	-0.02
Other Non Operating Income (Expenses)	1.73	0.74	0.27	-0.34	0.14	0.01
EBT Excluding Unusual Items	57.82	39.04	27.94	22.16	10.61	10.56
Other Unusual Items	-	-	-	-	2.35	-
Pretax Income	57.82	39.04	27.94	22.16	12.96	10.56
Income Tax Expense	4.15	2.87	2.39	2.77	1.69	0.99
Earnings From Continuing Operations	53.67	36.16	25.55	19.4	11.26	9.57
Earnings From Discontinued Operations	-	-	0.24	-1.28	-	-
Net Income	53.67	36.16	25.8	18.12	11.26	9.57
Net Income to Common	53.67	36.16	25.8	18.12	11.26	9.57
Net Income Growth	92.00%	40.20%	42.38%	60.83%	17.74%	-
Shares Outstanding (Basic)	231	231	236	212	175	130
Shares Outstanding (Diluted)	237	239	246	232	175	130
Shares Change (YoY)	0.35%	-2.65%	5.82%	33.04%	34.32%	116.67%
EPS (Basic)	0.23	0.16	0.11	0.09	0.06	0.07
EPS (Diluted)	0.23	0.15	0.11	0.08	0.06	0.07
EPS Growth	89.62%	41.53%	37.65%	19.36%	-12.23%	-
Free Cash Flow	-142.9	-54.55	-57.79	-65.94	-59.63	2.04
Free Cash Flow Per Share	-0.60	-0.23	-0.23	-0.28	-0.34	0.02
Gross Margin	9.13%	7.23%	6.56%	7.67%	12.14%	22.18%
Operating Margin	7.38%	5.74%	4.93%	5.81%	6.94%	15.63%
Profit Margin	5.56%	4.49%	4.08%	4.50%	7.33%	13.89%
Free Cash Flow Margin	-14.81%	-6.77%	-9.14%	-16.38%	-38.82%	2.96%
EBITDA	82.2	53.67	35.35	26.43	12.53	12.44
EBITDA Margin	8.52%	6.66%	5.59%	6.57%	8.16%	18.06%
D&A For EBITDA	10.97	7.39	4.16	3.05	1.86	1.67
EBIT	71.23	46.27	31.18	23.38	10.67	10.76
EBIT Margin	7.38%	5.74%	4.93%	5.81%	6.94%	15.63%
Effective Tax Rate	7.17%	7.36%	8.54%	12.49%	13.05%	9.39%

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