SSP

Saudi Steel Pipe Co.

1320StocksTadawulMaterials

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	357.22M	36.55M	315.36M	-12.15M	61.84M
Free Cash Flow	325.49M	-4.89M	307.57M	-13.93M	55.20M
Capital Expenditures	-31.73M	-41.44M	-7.79M	-1.77M	-6.64M
Investing & Financing
Investing Cash Flow	179.82M	-41.34M	-22.81M	-1.71M	28.89M
Financing Cash Flow	-479.02M	-28.16M	-162.71M	-6.17M	-140.42M
Dividends Paid	-199.64M	-37.50M	—	—	—
Operating Activities
Operating Cash Flow	357.22M	36.55M	315.36M	-12.15M	61.84M
Net Income	191.53M	180.63M	173.05M	54.21M	0.93M
Change in Accounts Payable	-83.00M	-233.26M	77.59M	19.01M	-0.83M
Change in Accounts Receivable	88.71M	-236.50M	146.06M	81.94M	22.87M
Change in Inventory	46.85M	189.26M	-200.22M	-132.60M	9.53M
Change in Other Net Operating Assets	7.10M	6.83M	46.59M	-74.57M	4.33M
Change in Working Capital	59.66M	-273.66M	70.03M	-106.22M	35.90M
Other Operating Activities	23.99M	51.43M	7.51M	6.53M	-24.42M
Provision & Write-off of Bad Debts	-0.82M	-1.08M	2.04M	0.26M	-1.20M
Depreciation & Amortization	82.99M	79.20M	56.35M	42.49M	45.48M
Cash Interest Paid	30.08M	44.82M	31.96M	13.62M	6.88M
Loss (Gain) on Equity Investments	—	—	-3.12M	-9.17M	5.23M
Asset Writedown & Restructuring Costs	—	—	—	114.46K	41.71K
Investing Activities
Investing Cash Flow	179.82M	-41.34M	-22.81M	-1.71M	28.89M
Capital Expenditures	-31.73M	-41.44M	-7.79M	-1.77M	-6.64M
Cash Acquisitions	—	—	-15.41M	—	—
Other Investing Activities	211.48M	—	—	—	—
Sale of Property, Plant & Equipment	0.07M	0.10M	0.38M	0.06M	35.53M
Loss (Gain) From Sale of Assets	-0.06M	-0.10M	-0.05M	-0.02M	-19.37M
Loss (Gain) on Sale of Investments	—	—	9.68M	—	—
Financing Activities
Financing Cash Flow	-479.02M	-28.16M	-162.71M	-6.17M	-140.42M
Common Dividends Paid	-199.64M	-37.50M	—	—	—
Long-Term Debt Issued	—	12.69M	—	—	—
Total Debt Issued	—	12.69M	—	—	—
Long-Term Debt Repaid	-279.38M	-3.35M	-162.71M	-6.17M	-140.42M
Net Debt Issued (Repaid)	-279.38M	9.34M	-162.71M	-6.17M	-140.42M
Free Cash Flow & Returns
Free Cash Flow	325.49M	-4.89M	307.57M	-13.93M	55.20M
Free Cash Flow Growth	—	—	—	—	+76.8%
Free Cash Flow Margin	+23.0%	-0.3%	+23.0%	-1.9%	+14.8%
Free Cash Flow Per Share	6.38	-0.10	6.03	-0.27	1.09
Levered Free Cash Flow	252.78M	-49.97M	123.36M	-25.94M	65.27M
Unlevered Free Cash Flow	268.26M	-29.56M	143.77M	-19.02M	69.66M
Operating Cash Flow Growth	+877.3%	-88.4%	—	—	+32.3%
Net Cash Flow	58.03M	-32.95M	129.83M	-20.04M	-49.69M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	357.22M	36.55M	315.36M	-12.15M	61.84M
Free Cash Flow	325.49M	-4.89M	307.57M	-13.93M	55.20M
Capital Expenditures	-31.73M	-41.44M	-7.79M	-1.77M	-6.64M
Investing & Financing
Investing Cash Flow	179.82M	-41.34M	-22.81M	-1.71M	28.89M
Financing Cash Flow	-479.02M	-28.16M	-162.71M	-6.17M	-140.42M
Dividends Paid	-199.64M	-37.50M	—	—	—
Operating Activities
Operating Cash Flow	357.22M	36.55M	315.36M	-12.15M	61.84M
Net Income	191.53M	180.63M	173.05M	54.21M	0.93M
Change in Accounts Payable	-83.00M	-233.26M	77.59M	19.01M	-0.83M
Change in Accounts Receivable	88.71M	-236.50M	146.06M	81.94M	22.87M
Change in Inventory	46.85M	189.26M	-200.22M	-132.60M	9.53M
Change in Other Net Operating Assets	7.10M	6.83M	46.59M	-74.57M	4.33M
Change in Working Capital	59.66M	-273.66M	70.03M	-106.22M	35.90M
Other Operating Activities	23.99M	51.43M	7.51M	6.53M	-24.42M
Provision & Write-off of Bad Debts	-0.82M	-1.08M	2.04M	0.26M	-1.20M
Depreciation & Amortization	82.99M	79.20M	56.35M	42.49M	45.48M
Cash Interest Paid	30.08M	44.82M	31.96M	13.62M	6.88M
Loss (Gain) on Equity Investments	—	—	-3.12M	-9.17M	5.23M
Asset Writedown & Restructuring Costs	—	—	—	114.46K	41.71K
Investing Activities
Investing Cash Flow	179.82M	-41.34M	-22.81M	-1.71M	28.89M
Capital Expenditures	-31.73M	-41.44M	-7.79M	-1.77M	-6.64M
Cash Acquisitions	—	—	-15.41M	—	—
Other Investing Activities	211.48M	—	—	—	—
Sale of Property, Plant & Equipment	0.07M	0.10M	0.38M	0.06M	35.53M
Loss (Gain) From Sale of Assets	-0.06M	-0.10M	-0.05M	-0.02M	-19.37M
Loss (Gain) on Sale of Investments	—	—	9.68M	—	—
Financing Activities
Financing Cash Flow	-479.02M	-28.16M	-162.71M	-6.17M	-140.42M
Common Dividends Paid	-199.64M	-37.50M	—	—	—
Long-Term Debt Issued	—	12.69M	—	—	—
Total Debt Issued	—	12.69M	—	—	—
Long-Term Debt Repaid	-279.38M	-3.35M	-162.71M	-6.17M	-140.42M
Net Debt Issued (Repaid)	-279.38M	9.34M	-162.71M	-6.17M	-140.42M
Free Cash Flow & Returns
Free Cash Flow	325.49M	-4.89M	307.57M	-13.93M	55.20M
Free Cash Flow Growth	—	—	—	—	+76.8%
Free Cash Flow Margin	+23.0%	-0.3%	+23.0%	-1.9%	+14.8%
Free Cash Flow Per Share	6.38	-0.10	6.03	-0.27	1.09
Levered Free Cash Flow	252.78M	-49.97M	123.36M	-25.94M	65.27M
Unlevered Free Cash Flow	268.26M	-29.56M	143.77M	-19.02M	69.66M
Operating Cash Flow Growth	+877.3%	-88.4%	—	—	+32.3%
Net Cash Flow	58.03M	-32.95M	129.83M	-20.04M	-49.69M