Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual (SAR)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	143.42M	111.84M	103.18M	110.82M	73.23M
Cost of Revenue	106.18M	87.71M	86.27M	94.50M	53.29M
Gross Profit	37.24M	24.13M	16.91M	16.32M	19.94M
SG&A	26.22M	23.42M	20.71M	19.34M	14.43M
Operating Expenses	34.75M	23.57M	20.68M	20.74M	14.34M
Operating Income	2.49M	0.56M	-3.77M	-4.42M	5.60M
Interest Income	0.16M	1.40M	1.27M	0.20M	0.03M
Interest Expense	-3.07M	-2.68M	-1.48M	-1.11M	-1.25M
Pretax Income	-1.73M	-1.21M	-0.94M	-3.53M	4.46M
Income Tax	1.65M	2.54M	3.31M	3.69M	0.86M
Net Income	-3.38M	-3.75M	-4.25M	-7.22M	3.60M
EBITDA	9.02M	4.40M	-1.39M	-3.14M	6.85M
EBIT	2.49M	0.56M	-3.77M	-4.42M	5.60M
EPS (Basic)	-0.02	-0.02	-0.02	-0.04	0.10
EPS (Diluted)	-0.02	-0.02	-0.02	-0.04	0.10
DPS	—	—	—	—	—
Margins & Efficiency
Gross Margin %	+26.0%	+21.6%	+16.4%	+14.7%	+27.2%
EBITDA Margin %	+6.3%	+3.9%	-1.3%	-2.8%	+9.4%
Net Margin %	-2.4%	-3.4%	-4.1%	-6.5%	+4.9%
Revenue & Income
Revenue	143.42M	111.84M	103.18M	110.82M	73.23M
Revenue Growth (YoY)	+28.2%	+8.4%	-6.9%	+51.3%	+34.9%
Operating Revenue	143.42M	111.84M	103.18M	110.82M	67.70M
Interest & Investment Income	0.16M	1.40M	1.27M	0.20M	0.03M
Other Revenue	—	—	—	—	5.53M
Gain (Loss) on Sale of Assets	-89.96K	113.69K	282.60K	84.78K	46.79K
Gain (Loss) on Sale of Investments	—	—	2.76M	1.75M	0.04M
Currency Exchange Gain (Loss)	383.85K	-248.15K	—	-25.71K	-2.21K
Expenses & Provisions
Advertising Expenses	7.32K	233.40K	42.24K	110.99K	61.32K
Cost of Revenue	106.18M	87.71M	86.27M	94.50M	53.29M
Selling, General & Admin	26.22M	23.42M	20.71M	19.34M	14.43M
Operating Expenses	34.75M	23.57M	20.68M	20.74M	14.34M
Other Operating Expenses	-250.12K	-278.33K	-277.65K	-204.47K	-73.29K
Interest Expense	-3.07M	-2.68M	-1.48M	-1.11M	-1.25M
Asset Writedown	-1.02M	—	—	—	—
D&A For EBITDA	6.52M	3.84M	2.38M	1.28M	1.25M
Profitability & Returns
Gross Profit	37.24M	24.13M	16.91M	16.32M	19.94M
Gross Margin	+26.0%	+21.6%	+16.4%	+14.7%	+27.2%
EBIT	2.49M	0.56M	-3.77M	-4.42M	5.60M
EBIT Margin	+1.7%	+0.5%	-3.7%	-4.0%	+7.6%
EBITDA	9.02M	4.40M	-1.39M	-3.14M	6.85M
EBITDA Margin	+6.3%	+3.9%	-1.3%	-2.8%	+9.4%
EBT Excluding Unusual Items	-0.03M	-0.97M	-3.98M	-5.36M	4.37M
Pretax Income	-1.73M	-1.21M	-0.94M	-3.53M	4.46M
Operating Income	2.49M	0.56M	-3.77M	-4.42M	5.60M
Operating Margin	+1.7%	+0.5%	-3.7%	-4.0%	+7.6%
Profit Margin	-2.4%	-3.4%	-4.1%	-6.5%	+4.9%
Net Income	-3.38M	-3.75M	-4.25M	-7.22M	3.60M
Net Income to Common	-3.38M	-3.75M	-4.25M	-7.22M	3.60M
Net Income Growth	—	—	—	—	+39.6%
Income Tax Expense	1.65M	2.54M	3.31M	3.69M	0.86M
Effective Tax Rate	—	—	—	—	+19.3%
Per Share & Capital
EPS (Basic)	-0.02	-0.02	-0.02	-0.04	0.10
EPS (Diluted)	-0.02	-0.02	-0.02	-0.04	0.10
EPS Growth	—	—	—	—	-7.0%
Dividend Per Share	—	—	—	—	—
Shares Change (YoY)	—	—	—	3.67	0.5
Shares Outstanding (Basic)	175.00M	175.00M	175.00M	175.00M	37.50M
Shares Outstanding (Diluted)	175.00M	175.00M	175.00M	175.00M	37.50M
Dividend Growth	—	—	—	—	—
Free Cash Flow	-33.13M	-52.24M	-4.76M	-67.91M	-4.53M
Free Cash Flow Margin	-23.1%	-46.7%	-4.6%	-61.3%	-6.2%
Free Cash Flow Per Share	-0.19	-0.30	-0.03	-0.39	-0.12
Payout Ratio	—	—	—	—	+34.7%
Supplemental
Other Unusual Items	-586.20K	-351.49K	—	—	—

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	143.42M	111.84M	103.18M	110.82M	73.23M
Cost of Revenue	106.18M	87.71M	86.27M	94.50M	53.29M
Gross Profit	37.24M	24.13M	16.91M	16.32M	19.94M
SG&A	26.22M	23.42M	20.71M	19.34M	14.43M
Operating Expenses	34.75M	23.57M	20.68M	20.74M	14.34M
Operating Income	2.49M	0.56M	-3.77M	-4.42M	5.60M
Interest Income	0.16M	1.40M	1.27M	0.20M	0.03M
Interest Expense	-3.07M	-2.68M	-1.48M	-1.11M	-1.25M
Pretax Income	-1.73M	-1.21M	-0.94M	-3.53M	4.46M
Income Tax	1.65M	2.54M	3.31M	3.69M	0.86M
Net Income	-3.38M	-3.75M	-4.25M	-7.22M	3.60M
EBITDA	9.02M	4.40M	-1.39M	-3.14M	6.85M
EBIT	2.49M	0.56M	-3.77M	-4.42M	5.60M
EPS (Basic)	-0.02	-0.02	-0.02	-0.04	0.10
EPS (Diluted)	-0.02	-0.02	-0.02	-0.04	0.10
DPS	—	—	—	—	—
Margins & Efficiency
Gross Margin %	+26.0%	+21.6%	+16.4%	+14.7%	+27.2%
EBITDA Margin %	+6.3%	+3.9%	-1.3%	-2.8%	+9.4%
Net Margin %	-2.4%	-3.4%	-4.1%	-6.5%	+4.9%
Revenue & Income
Revenue	143.42M	111.84M	103.18M	110.82M	73.23M
Revenue Growth (YoY)	+28.2%	+8.4%	-6.9%	+51.3%	+34.9%
Operating Revenue	143.42M	111.84M	103.18M	110.82M	67.70M
Interest & Investment Income	0.16M	1.40M	1.27M	0.20M	0.03M
Other Revenue	—	—	—	—	5.53M
Gain (Loss) on Sale of Assets	-89.96K	113.69K	282.60K	84.78K	46.79K
Gain (Loss) on Sale of Investments	—	—	2.76M	1.75M	0.04M
Currency Exchange Gain (Loss)	383.85K	-248.15K	—	-25.71K	-2.21K
Expenses & Provisions
Advertising Expenses	7.32K	233.40K	42.24K	110.99K	61.32K
Cost of Revenue	106.18M	87.71M	86.27M	94.50M	53.29M
Selling, General & Admin	26.22M	23.42M	20.71M	19.34M	14.43M
Operating Expenses	34.75M	23.57M	20.68M	20.74M	14.34M
Other Operating Expenses	-250.12K	-278.33K	-277.65K	-204.47K	-73.29K
Interest Expense	-3.07M	-2.68M	-1.48M	-1.11M	-1.25M
Asset Writedown	-1.02M	—	—	—	—
D&A For EBITDA	6.52M	3.84M	2.38M	1.28M	1.25M
Profitability & Returns
Gross Profit	37.24M	24.13M	16.91M	16.32M	19.94M
Gross Margin	+26.0%	+21.6%	+16.4%	+14.7%	+27.2%
EBIT	2.49M	0.56M	-3.77M	-4.42M	5.60M
EBIT Margin	+1.7%	+0.5%	-3.7%	-4.0%	+7.6%
EBITDA	9.02M	4.40M	-1.39M	-3.14M	6.85M
EBITDA Margin	+6.3%	+3.9%	-1.3%	-2.8%	+9.4%
EBT Excluding Unusual Items	-0.03M	-0.97M	-3.98M	-5.36M	4.37M
Pretax Income	-1.73M	-1.21M	-0.94M	-3.53M	4.46M
Operating Income	2.49M	0.56M	-3.77M	-4.42M	5.60M
Operating Margin	+1.7%	+0.5%	-3.7%	-4.0%	+7.6%
Profit Margin	-2.4%	-3.4%	-4.1%	-6.5%	+4.9%
Net Income	-3.38M	-3.75M	-4.25M	-7.22M	3.60M
Net Income to Common	-3.38M	-3.75M	-4.25M	-7.22M	3.60M
Net Income Growth	—	—	—	—	+39.6%
Income Tax Expense	1.65M	2.54M	3.31M	3.69M	0.86M
Effective Tax Rate	—	—	—	—	+19.3%
Per Share & Capital
EPS (Basic)	-0.02	-0.02	-0.02	-0.04	0.10
EPS (Diluted)	-0.02	-0.02	-0.02	-0.04	0.10
EPS Growth	—	—	—	—	-7.0%
Dividend Per Share	—	—	—	—	—
Shares Change (YoY)	—	—	—	3.67	0.5
Shares Outstanding (Basic)	175.00M	175.00M	175.00M	175.00M	37.50M
Shares Outstanding (Diluted)	175.00M	175.00M	175.00M	175.00M	37.50M
Dividend Growth	—	—	—	—	—
Free Cash Flow	-33.13M	-52.24M	-4.76M	-67.91M	-4.53M
Free Cash Flow Margin	-23.1%	-46.7%	-4.6%	-61.3%	-6.2%
Free Cash Flow Per Share	-0.19	-0.30	-0.03	-0.39	-0.12
Payout Ratio	—	—	—	—	+34.7%
Supplemental
Other Unusual Items	-586.20K	-351.49K	—	—	—

Financials

Annual (SAR)

SADR

Annual (SAR)