MEPCO

Middle East Paper Co.

1202StocksTadawulMaterials

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021	2020Dec 31, 2020
Operating Summary
Revenue	1.07B	0.87B	1.19B	1.06B	0.72B
Cost of Revenue	961.02M	824.08M	684.95M	663.83M	581.87M
Gross Profit	104.23M	42.67M	502.05M	393.57M	142.81M
SG&A	137.45M	109.32M	178.64M	156.18M	99.53M
Operating Expenses	139.52M	95.70M	191.06M	161.18M	97.98M
Operating Income	-35.28M	-53.03M	310.99M	232.39M	44.83M
Interest Income	30.81M	—	—	—	—
Interest Expense	-36.18M	-26.52M	-18.48M	-14.13M	-19.02M
Pretax Income	-57.90M	-77.76M	285.81M	227.82M	24.69M
Income Tax	19.57M	9.88M	15.08M	6.96M	4.52M
Net Income	-77.33M	-80.27M	269.70M	220.71M	20.18M
EBITDA	70.23M	42.57M	403.88M	324.27M	142.74M
EBIT	-35.28M	-53.03M	310.99M	232.39M	44.83M
EPS (Basic)	-0.89	-1.20	4.05	3.31	0.30
EPS (Diluted)	-0.89	-1.20	4.05	3.31	0.30
DPS	—	—	0.88	0.75	—
Margins & Efficiency
Gross Margin %	+9.8%	+4.9%	+42.3%	+37.2%	+19.7%
EBITDA Margin %	+6.6%	+4.9%	+34.0%	+30.7%	+19.7%
Net Margin %	-7.3%	-9.3%	+22.7%	+20.9%	+2.8%
Revenue & Income
Revenue	1.07B	0.87B	1.19B	1.06B	0.72B
Revenue Growth (YoY)	+22.9%	-27.0%	+12.3%	+45.9%	+4.9%
Interest & Investment Income	30.81M	—	—	—	—
Gain (Loss) on Sale of Assets	0.17M	-0.41M	-2.13M	5.01M	-0.66M
Gain (Loss) on Sale of Investments	—	—	—	0.05K	183.68K
Currency Exchange Gain (Loss)	-2.08M	2.57M	-4.13M	-0.83M	-0.11M
Expenses & Provisions
Cost of Revenue	961.02M	824.08M	684.95M	663.83M	581.87M
Selling, General & Admin	137.45M	109.32M	178.64M	156.18M	99.53M
Operating Expenses	139.52M	95.70M	191.06M	161.18M	97.98M
Other Operating Expenses	-3.48M	-6.97M	-3.86M	-3.63M	-1.35M
Interest Expense	-36.18M	-26.52M	-18.48M	-14.13M	-19.02M
Asset Writedown	-18.40M	-2.16M	-0.43M	-1.04M	—
D&A For EBITDA	105.51M	95.60M	92.89M	91.88M	97.92M
Profitability & Returns
Gross Profit	104.23M	42.67M	502.05M	393.57M	142.81M
Gross Margin	+9.8%	+4.9%	+42.3%	+37.2%	+19.7%
EBIT	-35.28M	-53.03M	310.99M	232.39M	44.83M
EBIT Margin	-3.3%	-6.1%	+26.2%	+22.0%	+6.2%
EBITDA	70.23M	42.57M	403.88M	324.27M	142.74M
EBITDA Margin	+6.6%	+4.9%	+34.0%	+30.7%	+19.7%
EBT Excluding Unusual Items	-42.73M	-76.99M	288.38M	217.44M	25.69M
Pretax Income	-57.90M	-77.76M	285.81M	227.82M	24.69M
Operating Income	-35.28M	-53.03M	310.99M	232.39M	44.83M
Operating Margin	-3.3%	-6.1%	+26.2%	+22.0%	+6.2%
Profit Margin	-7.3%	-9.3%	+22.7%	+20.9%	+2.8%
Net Income	-77.33M	-80.27M	269.70M	220.71M	20.18M
Net Income to Common	-77.33M	-80.27M	269.70M	220.71M	20.18M
Net Income Growth	—	—	+22.2%	+993.9%	+229.2%
Earnings From Continuing Ops.	-77.47M	-87.64M	270.73M	220.87M	20.18M
Minority Interest in Earnings	0.14M	7.37M	-1.03M	-0.16M	—
Income Tax Expense	19.57M	9.88M	15.08M	6.96M	4.52M
Effective Tax Rate	—	—	+5.3%	+3.1%	+18.3%
Per Share & Capital
EPS (Basic)	-0.89	-1.20	4.05	3.31	0.30
EPS (Diluted)	-0.89	-1.20	4.05	3.31	0.30
EPS Growth	—	—	+22.1%	+988.2%	+229.2%
Dividend Per Share	—	—	0.88	0.75	—
Shares Change (YoY)	0.3	0	0	0.01	—
Shares Outstanding (Basic)	86.50M	66.67M	66.67M	66.62M	66.27M
Shares Outstanding (Diluted)	86.50M	66.67M	66.67M	66.62M	66.27M
Dividend Growth	—	—	+16.7%	—	—
Free Cash Flow	-188.82M	-71.93M	73.34M	188.78M	124.42M
Free Cash Flow Margin	-17.7%	-8.3%	+6.2%	+17.9%	+17.2%
Free Cash Flow Per Share	-2.18	-1.08	1.10	2.83	1.88
Payout Ratio	—	—	+27.8%	—	—
Supplemental
Other Unusual Items	—	—	—	6.41M	-0.52M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021	2020Dec 31, 2020
Operating Summary
Revenue	1.07B	0.87B	1.19B	1.06B	0.72B
Cost of Revenue	961.02M	824.08M	684.95M	663.83M	581.87M
Gross Profit	104.23M	42.67M	502.05M	393.57M	142.81M
SG&A	137.45M	109.32M	178.64M	156.18M	99.53M
Operating Expenses	139.52M	95.70M	191.06M	161.18M	97.98M
Operating Income	-35.28M	-53.03M	310.99M	232.39M	44.83M
Interest Income	30.81M	—	—	—	—
Interest Expense	-36.18M	-26.52M	-18.48M	-14.13M	-19.02M
Pretax Income	-57.90M	-77.76M	285.81M	227.82M	24.69M
Income Tax	19.57M	9.88M	15.08M	6.96M	4.52M
Net Income	-77.33M	-80.27M	269.70M	220.71M	20.18M
EBITDA	70.23M	42.57M	403.88M	324.27M	142.74M
EBIT	-35.28M	-53.03M	310.99M	232.39M	44.83M
EPS (Basic)	-0.89	-1.20	4.05	3.31	0.30
EPS (Diluted)	-0.89	-1.20	4.05	3.31	0.30
DPS	—	—	0.88	0.75	—
Margins & Efficiency
Gross Margin %	+9.8%	+4.9%	+42.3%	+37.2%	+19.7%
EBITDA Margin %	+6.6%	+4.9%	+34.0%	+30.7%	+19.7%
Net Margin %	-7.3%	-9.3%	+22.7%	+20.9%	+2.8%
Revenue & Income
Revenue	1.07B	0.87B	1.19B	1.06B	0.72B
Revenue Growth (YoY)	+22.9%	-27.0%	+12.3%	+45.9%	+4.9%
Interest & Investment Income	30.81M	—	—	—	—
Gain (Loss) on Sale of Assets	0.17M	-0.41M	-2.13M	5.01M	-0.66M
Gain (Loss) on Sale of Investments	—	—	—	0.05K	183.68K
Currency Exchange Gain (Loss)	-2.08M	2.57M	-4.13M	-0.83M	-0.11M
Expenses & Provisions
Cost of Revenue	961.02M	824.08M	684.95M	663.83M	581.87M
Selling, General & Admin	137.45M	109.32M	178.64M	156.18M	99.53M
Operating Expenses	139.52M	95.70M	191.06M	161.18M	97.98M
Other Operating Expenses	-3.48M	-6.97M	-3.86M	-3.63M	-1.35M
Interest Expense	-36.18M	-26.52M	-18.48M	-14.13M	-19.02M
Asset Writedown	-18.40M	-2.16M	-0.43M	-1.04M	—
D&A For EBITDA	105.51M	95.60M	92.89M	91.88M	97.92M
Profitability & Returns
Gross Profit	104.23M	42.67M	502.05M	393.57M	142.81M
Gross Margin	+9.8%	+4.9%	+42.3%	+37.2%	+19.7%
EBIT	-35.28M	-53.03M	310.99M	232.39M	44.83M
EBIT Margin	-3.3%	-6.1%	+26.2%	+22.0%	+6.2%
EBITDA	70.23M	42.57M	403.88M	324.27M	142.74M
EBITDA Margin	+6.6%	+4.9%	+34.0%	+30.7%	+19.7%
EBT Excluding Unusual Items	-42.73M	-76.99M	288.38M	217.44M	25.69M
Pretax Income	-57.90M	-77.76M	285.81M	227.82M	24.69M
Operating Income	-35.28M	-53.03M	310.99M	232.39M	44.83M
Operating Margin	-3.3%	-6.1%	+26.2%	+22.0%	+6.2%
Profit Margin	-7.3%	-9.3%	+22.7%	+20.9%	+2.8%
Net Income	-77.33M	-80.27M	269.70M	220.71M	20.18M
Net Income to Common	-77.33M	-80.27M	269.70M	220.71M	20.18M
Net Income Growth	—	—	+22.2%	+993.9%	+229.2%
Earnings From Continuing Ops.	-77.47M	-87.64M	270.73M	220.87M	20.18M
Minority Interest in Earnings	0.14M	7.37M	-1.03M	-0.16M	—
Income Tax Expense	19.57M	9.88M	15.08M	6.96M	4.52M
Effective Tax Rate	—	—	+5.3%	+3.1%	+18.3%
Per Share & Capital
EPS (Basic)	-0.89	-1.20	4.05	3.31	0.30
EPS (Diluted)	-0.89	-1.20	4.05	3.31	0.30
EPS Growth	—	—	+22.1%	+988.2%	+229.2%
Dividend Per Share	—	—	0.88	0.75	—
Shares Change (YoY)	0.3	0	0	0.01	—
Shares Outstanding (Basic)	86.50M	66.67M	66.67M	66.62M	66.27M
Shares Outstanding (Diluted)	86.50M	66.67M	66.67M	66.62M	66.27M
Dividend Growth	—	—	+16.7%	—	—
Free Cash Flow	-188.82M	-71.93M	73.34M	188.78M	124.42M
Free Cash Flow Margin	-17.7%	-8.3%	+6.2%	+17.9%	+17.2%
Free Cash Flow Per Share	-2.18	-1.08	1.10	2.83	1.88
Payout Ratio	—	—	+27.8%	—	—
Supplemental
Other Unusual Items	—	—	—	6.41M	-0.52M