Mohammed Hadi Al-Rasheed Company (TADAWUL: 9601)

Mohammed Hadi Al-Rasheed Company Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	254.66	215.22	167.59	120.55
Revenue Growth (YoY)	34.45%	28.42%	39.02%	-
Cost of Revenue	159.94	145.92	127.09	86.07
Gross Profit	94.72	69.31	40.5	34.48
Selling, General & Admin	15.5	13.96	10.46	5.23
Operating Expenses	18.77	17.54	12.18	7.09
Operating Income	75.95	51.77	28.33	27.4
Interest Expense	-	-	-1.35	-0.91
Other Non Operating Income (Expenses)	-2.21	-2.35	0.01	-0.44
EBT Excluding Unusual Items	74.13	49.42	26.99	26.04
Gain (Loss) on Sale of Assets	-0.55	-0.55	-0.07	-0.01
Legal Settlements	-0.1	-0.1	-	-
Other Unusual Items	-0.01	-0.01	-	-
Pretax Income	73.47	48.76	26.93	26.06
Income Tax Expense	4.48	4.05	2.27	1.44
Net Income	68.99	44.71	24.65	24.61
Net Income to Common	68.99	44.71	24.65	24.61
Net Income Growth	142.43%	81.37%	0.16%	-
Shares Outstanding (Basic)	12	12	12	12
Shares Outstanding (Diluted)	12	12	12	12
EPS (Basic)	5.75	3.73	2.05	2.05
EPS (Diluted)	5.75	3.73	2.05	2.05
EPS Growth	142.43%	81.37%	0.16%	-
Free Cash Flow	53.78	41.46	31.36	11.78
Free Cash Flow Per Share	4.48	3.46	2.61	0.98
Gross Margin	37.20%	32.20%	24.17%	28.60%
Operating Margin	29.82%	24.05%	16.90%	22.73%
Profit Margin	27.09%	20.78%	14.71%	20.42%
Free Cash Flow Margin	21.12%	19.27%	18.71%	9.77%
EBITDA	89.02	64.67	40.7	39.23
EBITDA Margin	34.95%	30.05%	24.28%	32.55%
D&A For EBITDA	13.06	12.9	12.37	11.84
EBIT	75.95	51.77	28.33	27.4
EBIT Margin	29.82%	24.05%	16.90%	22.73%
Effective Tax Rate	6.10%	8.30%	8.44%	5.54%

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