MAADEN

Saudi Arabian Mining Co.

1211StocksTadawulMaterials

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	38.58B	32.55B	29.27B	40.28B	26.77B
Cost of Revenue	23.70B	21.86B	22.36B	23.91B	17.30B
Gross Profit	14.88B	10.69B	6.91B	16.37B	9.47B
SG&A	3.29B	2.76B	2.63B	2.52B	1.61B
Operating Expenses	4.66B	3.68B	3.18B	2.83B	1.90B
Operating Income	10.21B	7.01B	3.73B	13.54B	7.56B
Interest Income	615.21M	790.61M	848.25M	278.10M	48.56M
Interest Expense	-1.93B	-2.32B	-2.22B	-1.46B	-1.15B
Other Income/Expense	-57.51M	-60.08M	-79.12M	-76.61M	-18.67M
Pretax Income	8.77B	4.52B	2.22B	13.02B	6.92B
Income Tax	244.10M	387.33M	523.71M	889.04M	443.26M
Net Income	7.35B	2.87B	1.58B	9.32B	5.23B
EBITDA	14.39B	11.17B	8.50B	18.19B	12.07B
EBIT	10.21B	7.01B	3.73B	13.54B	7.56B
EPS (Basic)	1.91	0.78	0.43	2.52	1.42
EPS (Diluted)	1.91	0.78	0.43	2.52	1.42
Margins & Efficiency
Gross Margin %	+38.6%	+32.8%	+23.6%	+40.6%	+35.4%
EBITDA Margin %	+37.3%	+34.3%	+29.0%	+45.2%	+45.1%
Net Margin %	+19.0%	+8.8%	+5.4%	+23.1%	+19.5%
Revenue & Income
Revenue	38.58B	32.55B	29.27B	40.28B	26.77B
Revenue Growth (YoY)	+18.5%	+11.2%	-27.3%	+50.5%	+44.1%
Interest & Investment Income	615.21M	790.61M	848.25M	278.10M	48.56M
Earnings From Equity Investments	1.21B	0.18B	0.32B	0.55B	0.73B
Gain (Loss) on Sale of Assets	—	—	—	-0.70M	-0.48M
Currency Exchange Gain (Loss)	-24.02M	-30.28M	—	25.95M	-63.25M
Expenses & Provisions
Cost of Revenue	23.70B	21.86B	22.36B	23.91B	17.30B
Selling, General & Admin	3.29B	2.76B	2.63B	2.52B	1.61B
Operating Expenses	4.66B	3.68B	3.18B	2.83B	1.90B
Other Operating Expenses	50.61M	107.76M	45.95M	13.55M	14.10M
Interest Expense	-1.93B	-2.32B	-2.22B	-1.46B	-1.15B
Other Non Operating Income (Expenses)	-57.51M	-60.08M	-79.12M	-76.61M	-18.67M
Asset Writedown	—	-1.29B	-0.01B	-0.00B	-0.14B
Impairment of Goodwill	—	-159.47M	—	—	—
D&A For EBITDA	4.18B	4.16B	4.77B	4.64B	4.51B
Profitability & Returns
Gross Profit	14.88B	10.69B	6.91B	16.37B	9.47B
Gross Margin	+38.6%	+32.8%	+23.6%	+40.6%	+35.4%
EBIT	10.21B	7.01B	3.73B	13.54B	7.56B
EBIT Margin	+26.5%	+21.5%	+12.8%	+33.6%	+28.3%
EBITDA	14.39B	11.17B	8.50B	18.19B	12.07B
EBITDA Margin	+37.3%	+34.3%	+29.0%	+45.2%	+45.1%
EBT Excluding Unusual Items	10.03B	5.57B	2.60B	12.86B	7.11B
Pretax Income	8.77B	4.52B	2.22B	13.02B	6.92B
Operating Income	10.21B	7.01B	3.73B	13.54B	7.56B
Operating Margin	+26.5%	+21.5%	+12.8%	+33.6%	+28.3%
Profit Margin	+19.0%	+8.8%	+5.4%	+23.1%	+19.5%
Net Income	7.35B	2.87B	1.58B	9.32B	5.23B
Net Income to Common	7.35B	2.87B	1.58B	9.32B	5.23B
Net Income Growth	+155.9%	+82.1%	-83.1%	+78.3%	—
Earnings From Continuing Ops.	8.53B	4.13B	1.70B	12.13B	6.48B
Minority Interest in Earnings	-1.18B	-1.26B	-0.12B	-2.81B	-1.25B
Income Tax Expense	244.10M	387.33M	523.71M	889.04M	443.26M
Effective Tax Rate	+2.8%	+8.6%	+23.6%	+6.8%	+6.4%
Per Share & Capital
EPS (Basic)	1.91	0.78	0.43	2.52	1.42
EPS (Diluted)	1.91	0.78	0.43	2.52	1.42
EPS Growth	+146.0%	+82.1%	-83.1%	+78.3%	—
Shares Change (YoY)	0.04	-0	-0	—	—
Shares Outstanding (Basic)	3.84B	3.69B	3.69B	3.69B	3.69B
Shares Outstanding (Diluted)	3.84B	3.69B	3.69B	3.69B	3.69B
Free Cash Flow	4.03B	6.01B	3.77B	13.42B	4.97B
Free Cash Flow Margin	+10.4%	+18.5%	+12.9%	+33.3%	+18.6%
Free Cash Flow Per Share	1.05	1.63	1.02	3.64	1.35
Supplemental
Other Unusual Items	-1.35B	-0.17B	-0.37B	-0.04B	-0.04B

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	38.58B	32.55B	29.27B	40.28B	26.77B
Cost of Revenue	23.70B	21.86B	22.36B	23.91B	17.30B
Gross Profit	14.88B	10.69B	6.91B	16.37B	9.47B
SG&A	3.29B	2.76B	2.63B	2.52B	1.61B
Operating Expenses	4.66B	3.68B	3.18B	2.83B	1.90B
Operating Income	10.21B	7.01B	3.73B	13.54B	7.56B
Interest Income	615.21M	790.61M	848.25M	278.10M	48.56M
Interest Expense	-1.93B	-2.32B	-2.22B	-1.46B	-1.15B
Other Income/Expense	-57.51M	-60.08M	-79.12M	-76.61M	-18.67M
Pretax Income	8.77B	4.52B	2.22B	13.02B	6.92B
Income Tax	244.10M	387.33M	523.71M	889.04M	443.26M
Net Income	7.35B	2.87B	1.58B	9.32B	5.23B
EBITDA	14.39B	11.17B	8.50B	18.19B	12.07B
EBIT	10.21B	7.01B	3.73B	13.54B	7.56B
EPS (Basic)	1.91	0.78	0.43	2.52	1.42
EPS (Diluted)	1.91	0.78	0.43	2.52	1.42
Margins & Efficiency
Gross Margin %	+38.6%	+32.8%	+23.6%	+40.6%	+35.4%
EBITDA Margin %	+37.3%	+34.3%	+29.0%	+45.2%	+45.1%
Net Margin %	+19.0%	+8.8%	+5.4%	+23.1%	+19.5%
Revenue & Income
Revenue	38.58B	32.55B	29.27B	40.28B	26.77B
Revenue Growth (YoY)	+18.5%	+11.2%	-27.3%	+50.5%	+44.1%
Interest & Investment Income	615.21M	790.61M	848.25M	278.10M	48.56M
Earnings From Equity Investments	1.21B	0.18B	0.32B	0.55B	0.73B
Gain (Loss) on Sale of Assets	—	—	—	-0.70M	-0.48M
Currency Exchange Gain (Loss)	-24.02M	-30.28M	—	25.95M	-63.25M
Expenses & Provisions
Cost of Revenue	23.70B	21.86B	22.36B	23.91B	17.30B
Selling, General & Admin	3.29B	2.76B	2.63B	2.52B	1.61B
Operating Expenses	4.66B	3.68B	3.18B	2.83B	1.90B
Other Operating Expenses	50.61M	107.76M	45.95M	13.55M	14.10M
Interest Expense	-1.93B	-2.32B	-2.22B	-1.46B	-1.15B
Other Non Operating Income (Expenses)	-57.51M	-60.08M	-79.12M	-76.61M	-18.67M
Asset Writedown	—	-1.29B	-0.01B	-0.00B	-0.14B
Impairment of Goodwill	—	-159.47M	—	—	—
D&A For EBITDA	4.18B	4.16B	4.77B	4.64B	4.51B
Profitability & Returns
Gross Profit	14.88B	10.69B	6.91B	16.37B	9.47B
Gross Margin	+38.6%	+32.8%	+23.6%	+40.6%	+35.4%
EBIT	10.21B	7.01B	3.73B	13.54B	7.56B
EBIT Margin	+26.5%	+21.5%	+12.8%	+33.6%	+28.3%
EBITDA	14.39B	11.17B	8.50B	18.19B	12.07B
EBITDA Margin	+37.3%	+34.3%	+29.0%	+45.2%	+45.1%
EBT Excluding Unusual Items	10.03B	5.57B	2.60B	12.86B	7.11B
Pretax Income	8.77B	4.52B	2.22B	13.02B	6.92B
Operating Income	10.21B	7.01B	3.73B	13.54B	7.56B
Operating Margin	+26.5%	+21.5%	+12.8%	+33.6%	+28.3%
Profit Margin	+19.0%	+8.8%	+5.4%	+23.1%	+19.5%
Net Income	7.35B	2.87B	1.58B	9.32B	5.23B
Net Income to Common	7.35B	2.87B	1.58B	9.32B	5.23B
Net Income Growth	+155.9%	+82.1%	-83.1%	+78.3%	—
Earnings From Continuing Ops.	8.53B	4.13B	1.70B	12.13B	6.48B
Minority Interest in Earnings	-1.18B	-1.26B	-0.12B	-2.81B	-1.25B
Income Tax Expense	244.10M	387.33M	523.71M	889.04M	443.26M
Effective Tax Rate	+2.8%	+8.6%	+23.6%	+6.8%	+6.4%
Per Share & Capital
EPS (Basic)	1.91	0.78	0.43	2.52	1.42
EPS (Diluted)	1.91	0.78	0.43	2.52	1.42
EPS Growth	+146.0%	+82.1%	-83.1%	+78.3%	—
Shares Change (YoY)	0.04	-0	-0	—	—
Shares Outstanding (Basic)	3.84B	3.69B	3.69B	3.69B	3.69B
Shares Outstanding (Diluted)	3.84B	3.69B	3.69B	3.69B	3.69B
Free Cash Flow	4.03B	6.01B	3.77B	13.42B	4.97B
Free Cash Flow Margin	+10.4%	+18.5%	+12.9%	+33.3%	+18.6%
Free Cash Flow Per Share	1.05	1.63	1.02	3.64	1.35
Supplemental
Other Unusual Items	-1.35B	-0.17B	-0.37B	-0.04B	-0.04B