National Environmental Recycling Company Income Statement

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

Millions SAR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Revenue	770.81	631.91	402.45	153.6	68.85	21.89
Revenue Growth (YoY)	64.44%	57.02%	162.01%	123.08%	214.49%	-
Cost of Revenue	728.96	593	371.57	134.96	53.58	18.97
Gross Profit	41.84	38.91	30.88	18.64	15.27	2.92
Selling, General & Admin	10.73	9.98	6.33	6.74	4.49	2.69
Operating Expenses	12.41	10.35	7.5	7.98	4.51	2.72
Operating Income	29.43	28.56	23.38	10.67	10.76	0.21
Interest Expense	-4.08	-3.03	-0.88	-0.2	-0.2	-0.95
Currency Exchange Gain (Loss)	-	-	-	-	-0.02	0.17
Other Non Operating Income (Expenses)	1.31	0.43	-0.34	0.14	0.01	-
EBT Excluding Unusual Items	26.66	25.96	22.16	10.61	10.56	-0.58
Gain (Loss) on Sale of Assets	-	-	-	-	-	-0.08
Other Unusual Items	-	-	-	2.35	-	-
Pretax Income	26.66	25.96	22.16	12.96	10.56	-0.66
Income Tax Expense	1.97	2.39	2.77	1.69	0.99	0.39
Earnings From Continuing Operations	24.69	23.58	19.4	11.26	9.57	-1.05
Earnings From Discontinued Operations	-	0.24	-1.28	-	-	-
Net Income	24.69	23.82	18.12	11.26	9.57	-1.05
Net Income to Common	24.69	23.82	18.12	11.26	9.57	-1.05
Net Income Growth	24.77%	31.47%	60.83%	17.74%	-	-
Shares Outstanding (Basic)	56	56	53	44	33	15
Shares Outstanding (Diluted)	58	58	58	44	33	15
Shares Change (YoY)	-	-	33.04%	34.32%	116.67%	-
EPS (Basic)	0.44	0.43	0.34	0.26	0.29	-0.07
EPS (Diluted)	0.43	0.41	0.31	0.26	0.29	-0.07
EPS Growth	27.59%	34.47%	19.36%	-12.23%	-	-
Free Cash Flow	-50.97	-59.93	-65.94	-59.63	2.04	-3.37
Free Cash Flow Per Share	-0.88	-1.03	-1.14	-1.37	0.06	-0.22
Gross Margin	5.43%	6.16%	7.67%	12.14%	22.18%	13.35%
Operating Margin	3.82%	4.52%	5.81%	6.95%	15.63%	0.94%
Profit Margin	3.20%	3.77%	4.50%	7.33%	13.89%	-4.79%
Free Cash Flow Margin	-6.61%	-9.48%	-16.38%	-38.82%	2.96%	-15.38%
EBITDA	33.29	31.51	26.43	12.53	12.44	1.7
EBITDA Margin	4.32%	4.99%	6.57%	8.16%	18.06%	7.77%
D&A For EBITDA	3.85	2.95	3.05	1.86	1.67	1.49
EBIT	29.43	28.56	23.38	10.67	10.76	0.21
EBIT Margin	3.82%	4.52%	5.81%	6.94%	15.63%	0.94%
Effective Tax Rate	7.37%	9.19%	12.49%	13.06%	9.39%	-

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