SSP

Saudi Steel Pipe Co.

1320StocksTadawulMaterials

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (SAR)

1-5

	Q1 2026Mar 31, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025
Operating Summary
Revenue	385.31M	381.23M	240.70M	336.40M	453.92M
Cost of Revenue	276.56M	280.79M	183.21M	257.07M	344.76M
Gross Profit	108.75M	100.44M	57.49M	79.33M	109.17M
SG&A	21.06M	21.88M	19.07M	28.34M	34.10M
Operating Expenses	21.00M	21.07M	11.51M	28.06M	28.23M
Operating Income	87.75M	79.36M	45.97M	51.27M	80.94M
Interest Income	0.49M	1.01M	1.31M	1.35M	0.74M
Interest Expense	-5.47M	—	-8.58M	-6.39M	-10.70M
Other Income/Expense	—	-10.09M	—	—	—
Pretax Income	82.78M	70.35M	38.70M	99.87M	70.98M
Income Tax	4.92M	4.84M	2.66M	6.92M	2.31M
Net Income	52.35M	44.19M	26.28M	70.83M	50.23M
EBITDA	106.86M	98.55M	65.52M	70.53M	99.99M
EBIT	87.75M	79.36M	45.97M	51.27M	80.94M
EPS (Basic)	1.04	0.87	0.52	1.40	0.99
EPS (Diluted)	1.03	0.87	0.52	1.39	0.98
Margins & Efficiency
Gross Margin %	+28.2%	+26.3%	+23.9%	+23.6%	+24.0%
EBITDA Margin %	+27.7%	+25.8%	+27.2%	+21.0%	+22.0%
Net Margin %	+13.6%	+11.6%	+10.9%	+21.1%	+11.1%
Revenue & Income
Revenue	385.31M	381.23M	240.70M	336.40M	453.92M
Revenue Growth (YoY)	-15.1%	+45.5%	-36.8%	-28.8%	-11.8%
Interest & Investment Income	0.49M	1.01M	1.31M	1.35M	0.74M
Earnings From Equity Investments	—	—	—	—	—
Gain (Loss) on Sale of Assets	—	63.61K	—	—	—
Gain (Loss) on Sale of Investments	—	—	—	—	—
Expenses & Provisions
Cost of Revenue	276.56M	280.79M	183.21M	257.07M	344.76M
Selling, General & Admin	21.06M	21.88M	19.07M	28.34M	34.10M
Operating Expenses	21.00M	21.07M	11.51M	28.06M	28.23M
Other Operating Expenses	-0.92M	-0.80M	-7.36M	-0.02M	-5.52M
Interest Expense	-5.47M	—	-8.58M	-6.39M	-10.70M
Other Non Operating Income (Expenses)	—	-10.09M	—	—	—
Asset Writedown	—	—	—	—	—
D&A For EBITDA	19.11M	19.18M	19.55M	19.26M	19.05M
Profitability & Returns
Gross Profit	108.75M	100.44M	57.49M	79.33M	109.17M
Gross Margin	+28.2%	+26.3%	+23.9%	+23.6%	+24.1%
EBIT	87.75M	79.36M	45.97M	51.27M	80.94M
EBIT Margin	+22.8%	+20.8%	+19.1%	+15.2%	+17.8%
EBITDA	106.86M	98.55M	65.52M	70.53M	99.99M
EBITDA Margin	+27.7%	+25.8%	+27.2%	+21.0%	+22.0%
EBT Excluding Unusual Items	82.78M	70.29M	38.70M	46.24M	70.98M
Pretax Income	82.78M	70.35M	38.70M	99.87M	70.98M
Operating Income	87.75M	79.36M	45.97M	51.27M	80.94M
Operating Margin	+22.8%	+20.8%	+19.1%	+15.2%	+17.8%
Profit Margin	+13.6%	+11.6%	+10.9%	+21.1%	+11.1%
Net Income	52.35M	44.19M	26.28M	70.83M	50.23M
Net Income to Common	52.35M	44.19M	26.28M	70.83M	50.23M
Net Income to Company	77.86M	65.51M	36.05M	92.95M	68.60M
Net Income Growth	+4.2%	+95.1%	-47.6%	+36.8%	-10.5%
Earnings From Continuing Ops.	77.86M	65.51M	36.05M	92.95M	68.67M
Earnings From Discontinued Ops.	—	—	—	—	-0.07M
Minority Interest in Earnings	-25.52M	-21.31M	-9.76M	-22.12M	-18.37M
Income Tax Expense	4.92M	4.84M	2.66M	6.92M	2.31M
Effective Tax Rate	+5.9%	+6.9%	+6.9%	+6.9%	+3.3%
Per Share & Capital
EPS (Basic)	1.04	0.87	0.52	1.40	0.99
EPS (Diluted)	1.03	0.87	0.52	1.39	0.98
EPS Growth	+4.2%	+95.2%	-47.6%	+36.9%	-10.5%
Dividend Per Share	—	—	—	—	—
Shares Change (YoY)	—	—	—	—	—
Shares Outstanding (Basic)	50.54M	50.54M	50.54M	50.54M	50.54M
Shares Outstanding (Diluted)	51.00M	51.00M	51.00M	51.00M	51.00M
Dividend Growth	—	—	—	—	—
Free Cash Flow	1.37M	187.75M	-72.97M	0.99M	209.72M
Free Cash Flow Margin	+0.4%	+49.2%	-30.3%	+0.3%	+46.2%
Free Cash Flow Per Share	0.03	3.68	-1.43	0.02	4.11
Payout Ratio	—	+337.4%	—	+281.9%	—
Supplemental
Other Unusual Items	—	—	—	53.63M	—

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (SAR)

1-5

	Q1 2026Mar 31, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025
Operating Summary
Revenue	385.31M	381.23M	240.70M	336.40M	453.92M
Cost of Revenue	276.56M	280.79M	183.21M	257.07M	344.76M
Gross Profit	108.75M	100.44M	57.49M	79.33M	109.17M
SG&A	21.06M	21.88M	19.07M	28.34M	34.10M
Operating Expenses	21.00M	21.07M	11.51M	28.06M	28.23M
Operating Income	87.75M	79.36M	45.97M	51.27M	80.94M
Interest Income	0.49M	1.01M	1.31M	1.35M	0.74M
Interest Expense	-5.47M	—	-8.58M	-6.39M	-10.70M
Other Income/Expense	—	-10.09M	—	—	—
Pretax Income	82.78M	70.35M	38.70M	99.87M	70.98M
Income Tax	4.92M	4.84M	2.66M	6.92M	2.31M
Net Income	52.35M	44.19M	26.28M	70.83M	50.23M
EBITDA	106.86M	98.55M	65.52M	70.53M	99.99M
EBIT	87.75M	79.36M	45.97M	51.27M	80.94M
EPS (Basic)	1.04	0.87	0.52	1.40	0.99
EPS (Diluted)	1.03	0.87	0.52	1.39	0.98
Margins & Efficiency
Gross Margin %	+28.2%	+26.3%	+23.9%	+23.6%	+24.0%
EBITDA Margin %	+27.7%	+25.8%	+27.2%	+21.0%	+22.0%
Net Margin %	+13.6%	+11.6%	+10.9%	+21.1%	+11.1%
Revenue & Income
Revenue	385.31M	381.23M	240.70M	336.40M	453.92M
Revenue Growth (YoY)	-15.1%	+45.5%	-36.8%	-28.8%	-11.8%
Interest & Investment Income	0.49M	1.01M	1.31M	1.35M	0.74M
Earnings From Equity Investments	—	—	—	—	—
Gain (Loss) on Sale of Assets	—	63.61K	—	—	—
Gain (Loss) on Sale of Investments	—	—	—	—	—
Expenses & Provisions
Cost of Revenue	276.56M	280.79M	183.21M	257.07M	344.76M
Selling, General & Admin	21.06M	21.88M	19.07M	28.34M	34.10M
Operating Expenses	21.00M	21.07M	11.51M	28.06M	28.23M
Other Operating Expenses	-0.92M	-0.80M	-7.36M	-0.02M	-5.52M
Interest Expense	-5.47M	—	-8.58M	-6.39M	-10.70M
Other Non Operating Income (Expenses)	—	-10.09M	—	—	—
Asset Writedown	—	—	—	—	—
D&A For EBITDA	19.11M	19.18M	19.55M	19.26M	19.05M
Profitability & Returns
Gross Profit	108.75M	100.44M	57.49M	79.33M	109.17M
Gross Margin	+28.2%	+26.3%	+23.9%	+23.6%	+24.1%
EBIT	87.75M	79.36M	45.97M	51.27M	80.94M
EBIT Margin	+22.8%	+20.8%	+19.1%	+15.2%	+17.8%
EBITDA	106.86M	98.55M	65.52M	70.53M	99.99M
EBITDA Margin	+27.7%	+25.8%	+27.2%	+21.0%	+22.0%
EBT Excluding Unusual Items	82.78M	70.29M	38.70M	46.24M	70.98M
Pretax Income	82.78M	70.35M	38.70M	99.87M	70.98M
Operating Income	87.75M	79.36M	45.97M	51.27M	80.94M
Operating Margin	+22.8%	+20.8%	+19.1%	+15.2%	+17.8%
Profit Margin	+13.6%	+11.6%	+10.9%	+21.1%	+11.1%
Net Income	52.35M	44.19M	26.28M	70.83M	50.23M
Net Income to Common	52.35M	44.19M	26.28M	70.83M	50.23M
Net Income to Company	77.86M	65.51M	36.05M	92.95M	68.60M
Net Income Growth	+4.2%	+95.1%	-47.6%	+36.8%	-10.5%
Earnings From Continuing Ops.	77.86M	65.51M	36.05M	92.95M	68.67M
Earnings From Discontinued Ops.	—	—	—	—	-0.07M
Minority Interest in Earnings	-25.52M	-21.31M	-9.76M	-22.12M	-18.37M
Income Tax Expense	4.92M	4.84M	2.66M	6.92M	2.31M
Effective Tax Rate	+5.9%	+6.9%	+6.9%	+6.9%	+3.3%
Per Share & Capital
EPS (Basic)	1.04	0.87	0.52	1.40	0.99
EPS (Diluted)	1.03	0.87	0.52	1.39	0.98
EPS Growth	+4.2%	+95.2%	-47.6%	+36.9%	-10.5%
Dividend Per Share	—	—	—	—	—
Shares Change (YoY)	—	—	—	—	—
Shares Outstanding (Basic)	50.54M	50.54M	50.54M	50.54M	50.54M
Shares Outstanding (Diluted)	51.00M	51.00M	51.00M	51.00M	51.00M
Dividend Growth	—	—	—	—	—
Free Cash Flow	1.37M	187.75M	-72.97M	0.99M	209.72M
Free Cash Flow Margin	+0.4%	+49.2%	-30.3%	+0.3%	+46.2%
Free Cash Flow Per Share	0.03	3.68	-1.43	0.02	4.11
Payout Ratio	—	+337.4%	—	+281.9%	—
Supplemental
Other Unusual Items	—	—	—	53.63M	—