National Environmental Recycling Company (TADAWUL:9540)

TADAWUL:9540 Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	806.05	631.91	402.45	153.6	68.85
Revenue Growth (YoY)	27.56%	57.02%	162.01%	123.08%	214.49%
Cost of Revenue	747.75	590.46	371.57	134.96	53.58
Gross Profit	58.29	41.45	30.88	18.64	15.27
Selling, General & Admin	10.46	9.89	6.33	6.74	4.49
Operating Expenses	12.02	10.26	7.5	7.98	4.51
Operating Income	46.27	31.18	23.38	10.67	10.76
Interest Expense	-7.9	-3.45	-0.88	-0.2	-0.2
Currency Exchange Gain (Loss)	-0.08	-0.05	-	-	-0.02
Other Non Operating Income (Expenses)	0.74	0.27	-0.34	0.14	0.01
EBT Excluding Unusual Items	39.04	27.94	22.16	10.61	10.56
Other Unusual Items	-	-	-	2.35	-
Pretax Income	39.04	27.94	22.16	12.96	10.56
Income Tax Expense	2.87	2.39	2.77	1.69	0.99
Earnings From Continuing Operations	36.16	25.55	19.4	11.26	9.57
Earnings From Discontinued Operations	-	0.24	-1.28	-	-
Net Income	36.16	25.8	18.12	11.26	9.57
Net Income to Common	36.16	25.8	18.12	11.26	9.57
Net Income Growth	40.20%	42.38%	60.83%	17.74%	-
Shares Outstanding (Basic)	116	118	106	87	65
Shares Outstanding (Diluted)	120	123	116	87	65
Shares Change (YoY)	-2.65%	5.82%	33.04%	34.32%	116.67%
EPS (Basic)	0.31	0.22	0.17	0.13	0.15
EPS (Diluted)	0.30	0.21	0.15	0.13	0.15
EPS Growth	41.53%	37.65%	19.36%	-12.23%	-
Free Cash Flow	-54.55	-57.79	-65.94	-59.63	2.04
Free Cash Flow Per Share	-0.46	-0.47	-0.57	-0.68	0.03
Gross Margin	7.23%	6.56%	7.67%	12.14%	22.18%
Operating Margin	5.74%	4.93%	5.81%	6.94%	15.63%
Profit Margin	4.49%	4.08%	4.50%	7.33%	13.89%
Free Cash Flow Margin	-6.77%	-9.14%	-16.38%	-38.82%	2.96%
EBITDA	53.67	35.35	26.43	12.53	12.44
EBITDA Margin	6.66%	5.59%	6.57%	8.16%	18.06%
D&A For EBITDA	7.39	4.16	3.05	1.86	1.67
EBIT	46.27	31.18	23.38	10.67	10.76
EBIT Margin	5.74%	4.93%	5.81%	6.94%	15.63%
Effective Tax Rate	7.36%	8.54%	12.49%	13.05%	9.39%

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