ALMAWARID

Almawarid Manpower Company

1833StocksTadawulIndustrials

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	2.61B	2.03B	1.45B	0.94B	0.66B
Cost of Revenue	2.38B	1.84B	1.30B	0.82B	0.57B
Gross Profit	235.18M	184.52M	146.72M	129.32M	96.76M
SG&A	73.78M	56.91M	45.23M	42.51M	29.99M
Operating Expenses	77.43M	76.65M	48.43M	45.84M	38.71M
Operating Income	157.76M	107.86M	98.29M	83.48M	58.05M
Interest Income	2.49M	0.22M	—	—	—
Interest Expense	-8.77M	-5.95M	-4.23M	-1.04M	—
Other Income/Expense	-5.30M	0.47M	3.09M	1.61M	4.20M
Pretax Income	149.17M	104.85M	98.76M	84.25M	62.45M
Income Tax	10.71M	9.43M	9.99M	8.27M	6.79M
Net Income	138.46M	95.42M	88.77M	75.99M	55.66M
EBITDA	161.00M	110.69M	100.63M	85.18M	59.90M
EBIT	157.76M	107.86M	98.29M	83.48M	58.05M
EPS (Basic)	6.92	4.77	4.44	3.80	2.78
EPS (Diluted)	6.92	4.77	4.44	3.80	2.78
DPS	2.06	1.88	1.88	0.75	1.50
Margins & Efficiency
Gross Margin %	+9.0%	+9.1%	+10.1%	+13.7%	+14.6%
EBITDA Margin %	+6.2%	+5.5%	+7.0%	+9.0%	+9.0%
Net Margin %	+5.3%	+4.7%	+6.1%	+8.0%	+8.4%
Revenue & Income
Revenue	2.61B	2.03B	1.45B	0.94B	0.66B
Revenue Growth (YoY)	+28.8%	+40.2%	+53.1%	+42.3%	-3.3%
Interest & Investment Income	2.49M	0.22M	—	—	—
Gain (Loss) on Sale of Assets	139.39K	26.03K	106.62K	54.98K	54.98K
Gain (Loss) on Sale of Investments	2.86M	2.22M	1.50M	0.15M	0.15M
Expenses & Provisions
Advertising Expenses	10.23M	6.00M	2.93M	2.58M	0.55M
Cost of Revenue	2.38B	1.84B	1.30B	0.82B	0.57B
Selling, General & Admin	73.78M	56.91M	45.23M	42.51M	29.99M
Operating Expenses	77.43M	76.65M	48.43M	45.84M	38.71M
Other Operating Expenses	-5.34M	-4.73M	2.52M	0.92M	—
Interest Expense	-8.77M	-5.95M	-4.23M	-1.04M	—
Other Non Operating Income (Expenses)	-5.30M	0.47M	3.09M	1.61M	4.20M
D&A For EBITDA	3.25M	2.83M	2.35M	1.70M	1.85M
Profitability & Returns
Gross Profit	235.18M	184.52M	146.72M	129.32M	96.76M
Gross Margin	+9.0%	+9.1%	+10.1%	+13.7%	+14.6%
EBIT	157.76M	107.86M	98.29M	83.48M	58.05M
EBIT Margin	+6.0%	+5.3%	+6.8%	+8.8%	+8.7%
EBITDA	161.00M	110.69M	100.63M	85.18M	59.90M
EBITDA Margin	+6.2%	+5.5%	+7.0%	+9.0%	+9.0%
EBT Excluding Unusual Items	146.18M	102.61M	97.15M	84.05M	62.25M
Pretax Income	149.17M	104.85M	98.76M	84.25M	62.45M
Operating Income	157.76M	107.86M	98.29M	83.48M	58.05M
Operating Margin	+6.0%	+5.3%	+6.8%	+8.8%	+8.7%
Profit Margin	+5.3%	+4.7%	+6.1%	+8.0%	+8.4%
Net Income	138.46M	95.42M	88.77M	75.99M	55.66M
Net Income to Common	138.46M	95.42M	88.77M	75.99M	55.66M
Net Income Growth	+45.1%	+7.5%	+16.8%	+36.5%	+21.4%
Income Tax Expense	10.71M	9.43M	9.99M	8.27M	6.79M
Effective Tax Rate	+7.2%	+9.0%	+10.1%	+9.8%	+10.9%
Per Share & Capital
EPS (Basic)	6.92	4.77	4.44	3.80	2.78
EPS (Diluted)	6.92	4.77	4.44	3.80	2.78
EPS Growth	+45.1%	+7.5%	+16.8%	+36.5%	-19.1%
Dividend Per Share	2.06	1.88	1.88	0.75	1.50
Shares Change (YoY)	—	—	—	—	0.5
Shares Outstanding (Basic)	20.00M	20.00M	20.00M	20.00M	20.00M
Shares Outstanding (Diluted)	20.00M	20.00M	20.00M	20.00M	20.00M
Dividend Growth	+10.0%	—	+150.0%	-50.0%	—
Free Cash Flow	136.18M	76.33M	81.60M	62.91M	-19.86M
Free Cash Flow Margin	+5.2%	+3.8%	+5.6%	+6.7%	-3.0%
Free Cash Flow Per Share	6.81	3.82	4.08	3.15	-0.99
Payout Ratio	+28.2%	+35.4%	+42.2%	+26.3%	+35.9%

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	2.61B	2.03B	1.45B	0.94B	0.66B
Cost of Revenue	2.38B	1.84B	1.30B	0.82B	0.57B
Gross Profit	235.18M	184.52M	146.72M	129.32M	96.76M
SG&A	73.78M	56.91M	45.23M	42.51M	29.99M
Operating Expenses	77.43M	76.65M	48.43M	45.84M	38.71M
Operating Income	157.76M	107.86M	98.29M	83.48M	58.05M
Interest Income	2.49M	0.22M	—	—	—
Interest Expense	-8.77M	-5.95M	-4.23M	-1.04M	—
Other Income/Expense	-5.30M	0.47M	3.09M	1.61M	4.20M
Pretax Income	149.17M	104.85M	98.76M	84.25M	62.45M
Income Tax	10.71M	9.43M	9.99M	8.27M	6.79M
Net Income	138.46M	95.42M	88.77M	75.99M	55.66M
EBITDA	161.00M	110.69M	100.63M	85.18M	59.90M
EBIT	157.76M	107.86M	98.29M	83.48M	58.05M
EPS (Basic)	6.92	4.77	4.44	3.80	2.78
EPS (Diluted)	6.92	4.77	4.44	3.80	2.78
DPS	2.06	1.88	1.88	0.75	1.50
Margins & Efficiency
Gross Margin %	+9.0%	+9.1%	+10.1%	+13.7%	+14.6%
EBITDA Margin %	+6.2%	+5.5%	+7.0%	+9.0%	+9.0%
Net Margin %	+5.3%	+4.7%	+6.1%	+8.0%	+8.4%
Revenue & Income
Revenue	2.61B	2.03B	1.45B	0.94B	0.66B
Revenue Growth (YoY)	+28.8%	+40.2%	+53.1%	+42.3%	-3.3%
Interest & Investment Income	2.49M	0.22M	—	—	—
Gain (Loss) on Sale of Assets	139.39K	26.03K	106.62K	54.98K	54.98K
Gain (Loss) on Sale of Investments	2.86M	2.22M	1.50M	0.15M	0.15M
Expenses & Provisions
Advertising Expenses	10.23M	6.00M	2.93M	2.58M	0.55M
Cost of Revenue	2.38B	1.84B	1.30B	0.82B	0.57B
Selling, General & Admin	73.78M	56.91M	45.23M	42.51M	29.99M
Operating Expenses	77.43M	76.65M	48.43M	45.84M	38.71M
Other Operating Expenses	-5.34M	-4.73M	2.52M	0.92M	—
Interest Expense	-8.77M	-5.95M	-4.23M	-1.04M	—
Other Non Operating Income (Expenses)	-5.30M	0.47M	3.09M	1.61M	4.20M
D&A For EBITDA	3.25M	2.83M	2.35M	1.70M	1.85M
Profitability & Returns
Gross Profit	235.18M	184.52M	146.72M	129.32M	96.76M
Gross Margin	+9.0%	+9.1%	+10.1%	+13.7%	+14.6%
EBIT	157.76M	107.86M	98.29M	83.48M	58.05M
EBIT Margin	+6.0%	+5.3%	+6.8%	+8.8%	+8.7%
EBITDA	161.00M	110.69M	100.63M	85.18M	59.90M
EBITDA Margin	+6.2%	+5.5%	+7.0%	+9.0%	+9.0%
EBT Excluding Unusual Items	146.18M	102.61M	97.15M	84.05M	62.25M
Pretax Income	149.17M	104.85M	98.76M	84.25M	62.45M
Operating Income	157.76M	107.86M	98.29M	83.48M	58.05M
Operating Margin	+6.0%	+5.3%	+6.8%	+8.8%	+8.7%
Profit Margin	+5.3%	+4.7%	+6.1%	+8.0%	+8.4%
Net Income	138.46M	95.42M	88.77M	75.99M	55.66M
Net Income to Common	138.46M	95.42M	88.77M	75.99M	55.66M
Net Income Growth	+45.1%	+7.5%	+16.8%	+36.5%	+21.4%
Income Tax Expense	10.71M	9.43M	9.99M	8.27M	6.79M
Effective Tax Rate	+7.2%	+9.0%	+10.1%	+9.8%	+10.9%
Per Share & Capital
EPS (Basic)	6.92	4.77	4.44	3.80	2.78
EPS (Diluted)	6.92	4.77	4.44	3.80	2.78
EPS Growth	+45.1%	+7.5%	+16.8%	+36.5%	-19.1%
Dividend Per Share	2.06	1.88	1.88	0.75	1.50
Shares Change (YoY)	—	—	—	—	0.5
Shares Outstanding (Basic)	20.00M	20.00M	20.00M	20.00M	20.00M
Shares Outstanding (Diluted)	20.00M	20.00M	20.00M	20.00M	20.00M
Dividend Growth	+10.0%	—	+150.0%	-50.0%	—
Free Cash Flow	136.18M	76.33M	81.60M	62.91M	-19.86M
Free Cash Flow Margin	+5.2%	+3.8%	+5.6%	+6.7%	-3.0%
Free Cash Flow Per Share	6.81	3.82	4.08	3.15	-0.99
Payout Ratio	+28.2%	+35.4%	+42.2%	+26.3%	+35.9%