SMASCO

Saudi Manpower Solutions Company

1834StocksTadawulIndustrials

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	2.09B	1.89B	1.83B	1.84B	1.72B
Cost of Revenue	1.80B	1.68B	1.58B	1.60B	1.45B
Gross Profit	298.34M	210.96M	243.37M	237.68M	266.06M
SG&A	92.27M	75.74M	74.18M	78.16M	109.76M
Operating Expenses	123.51M	78.53M	76.99M	77.17M	113.76M
Operating Income	174.83M	132.43M	166.38M	160.50M	152.30M
Interest Income	12.81M	11.87M	14.93M	—	1.02M
Interest Expense	-7.31M	-6.52M	-4.52M	-2.33M	-2.39M
Other Income/Expense	0.59M	4.16M	1.68M	13.01M	0.36M
Pretax Income	165.76M	142.40M	182.04M	171.19M	158.34M
Income Tax	15.12M	15.98M	15.76M	11.71M	7.88M
Net Income	150.64M	126.42M	166.29M	150.25M	150.45M
EBITDA	300.01M	248.52M	316.21M	213.61M	210.05M
EBIT	174.83M	132.43M	166.38M	160.50M	152.30M
EPS (Basic)	0.38	0.32	0.42	0.38	0.38
EPS (Diluted)	0.38	0.32	0.42	0.38	0.38
DPS	0.27	0.25	0.43	—	—
Margins & Efficiency
Gross Margin %	+14.2%	+11.1%	+13.3%	+12.9%	+15.5%
EBITDA Margin %	+14.3%	+13.1%	+17.3%	+11.6%	+12.2%
Net Margin %	+7.2%	+6.7%	+9.1%	+8.2%	+8.8%
Revenue & Income
Revenue	2.09B	1.89B	1.83B	1.84B	1.72B
Revenue Growth (YoY)	+10.7%	+3.6%	-0.7%	+7.2%	-7.5%
Interest & Investment Income	12.81M	11.87M	14.93M	—	1.02M
Earnings From Equity Investments	-14.86M	—	—	—	—
Gain (Loss) on Sale of Assets	-0.07M	0.98M	2.85M	—	6.88M
Gain (Loss) on Sale of Investments	-239.80K	-517.89K	719.45K	—	167.00K
Expenses & Provisions
Cost of Revenue	1.80B	1.68B	1.58B	1.60B	1.45B
Selling, General & Admin	92.27M	75.74M	74.18M	78.16M	109.76M
Operating Expenses	123.51M	78.53M	76.99M	77.17M	113.76M
Other Operating Expenses	5.91M	—	—	—	—
Interest Expense	-7.31M	-6.52M	-4.52M	-2.33M	-2.39M
Other Non Operating Income (Expenses)	0.59M	4.16M	1.68M	13.01M	0.36M
D&A For EBITDA	125.18M	116.10M	149.83M	53.11M	57.75M
Profitability & Returns
Gross Profit	298.34M	210.96M	243.37M	237.68M	266.06M
Gross Margin	+14.2%	+11.1%	+13.3%	+12.9%	+15.5%
EBIT	174.83M	132.43M	166.38M	160.50M	152.30M
EBIT Margin	+8.3%	+7.0%	+9.1%	+8.7%	+8.9%
EBITDA	300.01M	248.52M	316.21M	213.61M	210.05M
EBITDA Margin	+14.3%	+13.1%	+17.3%	+11.6%	+12.2%
EBT Excluding Unusual Items	166.07M	141.94M	178.47M	171.19M	151.29M
Pretax Income	165.76M	142.40M	182.04M	171.19M	158.34M
Operating Income	174.83M	132.43M	166.38M	160.50M	152.30M
Operating Margin	+8.3%	+7.0%	+9.1%	+8.7%	+8.9%
Profit Margin	+7.2%	+6.7%	+9.1%	+8.2%	+8.8%
Net Income	150.64M	126.42M	166.29M	150.25M	150.45M
Net Income to Common	150.64M	126.42M	166.29M	150.25M	150.45M
Net Income Growth	+19.2%	-24.0%	+10.7%	-0.1%	+9.0%
Earnings From Continuing Ops.	150.64M	126.42M	166.29M	159.48M	150.45M
Earnings From Discontinued Ops.	—	—	—	-9.23M	—
Income Tax Expense	15.12M	15.98M	15.76M	11.71M	7.88M
Effective Tax Rate	+9.1%	+11.2%	+8.7%	+6.8%	+5.0%
Per Share & Capital
EPS (Basic)	0.38	0.32	0.42	0.38	0.38
EPS (Diluted)	0.38	0.32	0.42	0.38	0.38
EPS Growth	+19.2%	-24.0%	+10.7%	-0.1%	+9.0%
Dividend Per Share	0.27	0.25	0.43	—	—
Shares Outstanding (Basic)	400.00M	400.00M	400.00M	400.00M	400.00M
Shares Outstanding (Diluted)	400.00M	400.00M	400.00M	400.00M	400.00M
Dividend Growth	+8.0%	-41.2%	—	—	—
Free Cash Flow	143.98M	100.96M	156.46M	158.04M	111.69M
Free Cash Flow Margin	+6.9%	+5.3%	+8.6%	+8.6%	+6.5%
Free Cash Flow Per Share	0.36	0.25	0.39	0.40	0.28
Payout Ratio	+66.4%	+38.0%	+102.2%	+72.3%	+99.8%

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	2.09B	1.89B	1.83B	1.84B	1.72B
Cost of Revenue	1.80B	1.68B	1.58B	1.60B	1.45B
Gross Profit	298.34M	210.96M	243.37M	237.68M	266.06M
SG&A	92.27M	75.74M	74.18M	78.16M	109.76M
Operating Expenses	123.51M	78.53M	76.99M	77.17M	113.76M
Operating Income	174.83M	132.43M	166.38M	160.50M	152.30M
Interest Income	12.81M	11.87M	14.93M	—	1.02M
Interest Expense	-7.31M	-6.52M	-4.52M	-2.33M	-2.39M
Other Income/Expense	0.59M	4.16M	1.68M	13.01M	0.36M
Pretax Income	165.76M	142.40M	182.04M	171.19M	158.34M
Income Tax	15.12M	15.98M	15.76M	11.71M	7.88M
Net Income	150.64M	126.42M	166.29M	150.25M	150.45M
EBITDA	300.01M	248.52M	316.21M	213.61M	210.05M
EBIT	174.83M	132.43M	166.38M	160.50M	152.30M
EPS (Basic)	0.38	0.32	0.42	0.38	0.38
EPS (Diluted)	0.38	0.32	0.42	0.38	0.38
DPS	0.27	0.25	0.43	—	—
Margins & Efficiency
Gross Margin %	+14.2%	+11.1%	+13.3%	+12.9%	+15.5%
EBITDA Margin %	+14.3%	+13.1%	+17.3%	+11.6%	+12.2%
Net Margin %	+7.2%	+6.7%	+9.1%	+8.2%	+8.8%
Revenue & Income
Revenue	2.09B	1.89B	1.83B	1.84B	1.72B
Revenue Growth (YoY)	+10.7%	+3.6%	-0.7%	+7.2%	-7.5%
Interest & Investment Income	12.81M	11.87M	14.93M	—	1.02M
Earnings From Equity Investments	-14.86M	—	—	—	—
Gain (Loss) on Sale of Assets	-0.07M	0.98M	2.85M	—	6.88M
Gain (Loss) on Sale of Investments	-239.80K	-517.89K	719.45K	—	167.00K
Expenses & Provisions
Cost of Revenue	1.80B	1.68B	1.58B	1.60B	1.45B
Selling, General & Admin	92.27M	75.74M	74.18M	78.16M	109.76M
Operating Expenses	123.51M	78.53M	76.99M	77.17M	113.76M
Other Operating Expenses	5.91M	—	—	—	—
Interest Expense	-7.31M	-6.52M	-4.52M	-2.33M	-2.39M
Other Non Operating Income (Expenses)	0.59M	4.16M	1.68M	13.01M	0.36M
D&A For EBITDA	125.18M	116.10M	149.83M	53.11M	57.75M
Profitability & Returns
Gross Profit	298.34M	210.96M	243.37M	237.68M	266.06M
Gross Margin	+14.2%	+11.1%	+13.3%	+12.9%	+15.5%
EBIT	174.83M	132.43M	166.38M	160.50M	152.30M
EBIT Margin	+8.3%	+7.0%	+9.1%	+8.7%	+8.9%
EBITDA	300.01M	248.52M	316.21M	213.61M	210.05M
EBITDA Margin	+14.3%	+13.1%	+17.3%	+11.6%	+12.2%
EBT Excluding Unusual Items	166.07M	141.94M	178.47M	171.19M	151.29M
Pretax Income	165.76M	142.40M	182.04M	171.19M	158.34M
Operating Income	174.83M	132.43M	166.38M	160.50M	152.30M
Operating Margin	+8.3%	+7.0%	+9.1%	+8.7%	+8.9%
Profit Margin	+7.2%	+6.7%	+9.1%	+8.2%	+8.8%
Net Income	150.64M	126.42M	166.29M	150.25M	150.45M
Net Income to Common	150.64M	126.42M	166.29M	150.25M	150.45M
Net Income Growth	+19.2%	-24.0%	+10.7%	-0.1%	+9.0%
Earnings From Continuing Ops.	150.64M	126.42M	166.29M	159.48M	150.45M
Earnings From Discontinued Ops.	—	—	—	-9.23M	—
Income Tax Expense	15.12M	15.98M	15.76M	11.71M	7.88M
Effective Tax Rate	+9.1%	+11.2%	+8.7%	+6.8%	+5.0%
Per Share & Capital
EPS (Basic)	0.38	0.32	0.42	0.38	0.38
EPS (Diluted)	0.38	0.32	0.42	0.38	0.38
EPS Growth	+19.2%	-24.0%	+10.7%	-0.1%	+9.0%
Dividend Per Share	0.27	0.25	0.43	—	—
Shares Outstanding (Basic)	400.00M	400.00M	400.00M	400.00M	400.00M
Shares Outstanding (Diluted)	400.00M	400.00M	400.00M	400.00M	400.00M
Dividend Growth	+8.0%	-41.2%	—	—	—
Free Cash Flow	143.98M	100.96M	156.46M	158.04M	111.69M
Free Cash Flow Margin	+6.9%	+5.3%	+8.6%	+8.6%	+6.5%
Free Cash Flow Per Share	0.36	0.25	0.39	0.40	0.28
Payout Ratio	+66.4%	+38.0%	+102.2%	+72.3%	+99.8%