SAUDI CERAMICS

Saudi Ceramic Co.

2040StocksTadawulIndustrials

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
Operations
Operating Cash Flow	115.68M	309.20M	133.04M	189.52M	362.71M
Free Cash Flow	21.73M	106.17M	-130.32M	101.11M	226.79M
Capital Expenditures	-93.95M	-203.03M	-263.36M	-88.41M	-135.92M
Investing & Financing
Investing Cash Flow	8.20M	-181.52M	-181.45M	-87.50M	-135.45M
Financing Cash Flow	-117.71M	-149.14M	42.57M	-140.97M	-186.30M
Dividends Paid	-49.84M	—	-39.98M	-99.80M	-59.97M
Share Repurchase	—	-8.66M	—	—	—
Operating Activities
Operating Cash Flow	115.68M	309.20M	133.04M	189.52M	362.71M
Net Income	180.69M	-71.86M	-210.35M	173.92M	233.79M
Change in Accounts Payable	-2.84M	-20.97M	-28.89M	94.56M	26.88M
Change in Accounts Receivable	-47.75M	28.11M	-49.18M	-19.74M	28.75M
Change in Inventory	-122.61M	145.28M	-34.22M	-230.94M	-90.76M
Change in Other Net Operating Assets	20.36M	—	-13.67M	-5.90M	—
Change in Working Capital	-152.84M	152.43M	-125.95M	-162.01M	-35.14M
Other Operating Activities	-78.96M	61.08M	169.48M	43.41M	32.19M
Provision & Write-off of Bad Debts	11.59M	-4.42M	5.50M	2.04M	2.88M
Depreciation & Amortization	161.15M	137.04M	139.41M	131.56M	130.46M
Cash Interest Paid	46.87M	35.02M	45.10M	21.61M	24.66M
Loss (Gain) on Equity Investments	—	—	-205.00K	-440.00K	-444.00K
Asset Writedown & Restructuring Costs	-4.30M	51.07M	215.10M	—	—
Investing Activities
Investing Cash Flow	8.20M	-181.52M	-181.45M	-87.50M	-135.45M
Capital Expenditures	-93.95M	-203.03M	-263.36M	-88.41M	-135.92M
Cash Acquisitions	—	—	—	—	-1.00M
Investment in Securities	—	5.09M	30.61M	—	—
Other Investing Activities	99.64M	—	0.51M	0.40M	0.40M
Sale (Purchase) of Intangibles	-4.52M	-6.64M	—	—	—
Sale of Property, Plant & Equipment	7.02M	23.07M	50.80M	0.51M	1.07M
Loss (Gain) From Sale of Assets	-1.65M	-12.33M	-36.80M	1.05M	-1.04M
Loss (Gain) on Sale of Investments	—	-3.81M	-23.14M	—	—
Financing Activities
Financing Cash Flow	-117.71M	-149.14M	42.57M	-140.97M	-186.30M
Common Dividends Paid	-49.84M	—	-39.98M	-99.80M	-59.97M
Issuance of Common Stock	—	—	2.21M	1.21M	7.14M
Repurchase of Common Stock	—	-8.66M	—	—	—
Long-Term Debt Issued	130.14M	305.55M	236.00M	—	525.55M
Short-Term Debt Issued	920.80M	667.33M	118.16M	160.55M	—
Total Debt Issued	1.05B	0.97B	0.35B	0.16B	0.53B
Long-Term Debt Repaid	-136.79M	-535.16M	-228.73M	-181.33M	-549.31M
Short-Term Debt Repaid	-935.16M	-543.18M	—	—	-85.05M
Total Debt Repaid	-1.07B	-1.08B	-0.23B	-0.18B	-0.63B
Net Debt Issued (Repaid)	-21.00M	-105.46M	125.44M	-20.77M	-108.80M
Other Financing Activities	-46.87M	-35.02M	-45.10M	-21.61M	-24.66M
Free Cash Flow & Returns
Free Cash Flow	21.73M	106.17M	-130.32M	101.11M	226.79M
Free Cash Flow Growth	-79.5%	—	—	-55.4%	-38.7%
Free Cash Flow Margin	+1.5%	+7.9%	-9.9%	+6.8%	+14.8%
Free Cash Flow Per Share	0.22	1.06	-1.45	1.01	2.28
Levered Free Cash Flow	-259.81M	88.06M	-159.94M	-1.47M	121.94M
Unlevered Free Cash Flow	-229.02M	114.67M	-133.09M	14.26M	135.08M
Operating Cash Flow Growth	-62.6%	+132.4%	-29.8%	-47.7%	-10.9%
Net Cash Flow	6.17M	-21.46M	-5.84M	-38.95M	40.96M

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
Operations
Operating Cash Flow	115.68M	309.20M	133.04M	189.52M	362.71M
Free Cash Flow	21.73M	106.17M	-130.32M	101.11M	226.79M
Capital Expenditures	-93.95M	-203.03M	-263.36M	-88.41M	-135.92M
Investing & Financing
Investing Cash Flow	8.20M	-181.52M	-181.45M	-87.50M	-135.45M
Financing Cash Flow	-117.71M	-149.14M	42.57M	-140.97M	-186.30M
Dividends Paid	-49.84M	—	-39.98M	-99.80M	-59.97M
Share Repurchase	—	-8.66M	—	—	—
Operating Activities
Operating Cash Flow	115.68M	309.20M	133.04M	189.52M	362.71M
Net Income	180.69M	-71.86M	-210.35M	173.92M	233.79M
Change in Accounts Payable	-2.84M	-20.97M	-28.89M	94.56M	26.88M
Change in Accounts Receivable	-47.75M	28.11M	-49.18M	-19.74M	28.75M
Change in Inventory	-122.61M	145.28M	-34.22M	-230.94M	-90.76M
Change in Other Net Operating Assets	20.36M	—	-13.67M	-5.90M	—
Change in Working Capital	-152.84M	152.43M	-125.95M	-162.01M	-35.14M
Other Operating Activities	-78.96M	61.08M	169.48M	43.41M	32.19M
Provision & Write-off of Bad Debts	11.59M	-4.42M	5.50M	2.04M	2.88M
Depreciation & Amortization	161.15M	137.04M	139.41M	131.56M	130.46M
Cash Interest Paid	46.87M	35.02M	45.10M	21.61M	24.66M
Loss (Gain) on Equity Investments	—	—	-205.00K	-440.00K	-444.00K
Asset Writedown & Restructuring Costs	-4.30M	51.07M	215.10M	—	—
Investing Activities
Investing Cash Flow	8.20M	-181.52M	-181.45M	-87.50M	-135.45M
Capital Expenditures	-93.95M	-203.03M	-263.36M	-88.41M	-135.92M
Cash Acquisitions	—	—	—	—	-1.00M
Investment in Securities	—	5.09M	30.61M	—	—
Other Investing Activities	99.64M	—	0.51M	0.40M	0.40M
Sale (Purchase) of Intangibles	-4.52M	-6.64M	—	—	—
Sale of Property, Plant & Equipment	7.02M	23.07M	50.80M	0.51M	1.07M
Loss (Gain) From Sale of Assets	-1.65M	-12.33M	-36.80M	1.05M	-1.04M
Loss (Gain) on Sale of Investments	—	-3.81M	-23.14M	—	—
Financing Activities
Financing Cash Flow	-117.71M	-149.14M	42.57M	-140.97M	-186.30M
Common Dividends Paid	-49.84M	—	-39.98M	-99.80M	-59.97M
Issuance of Common Stock	—	—	2.21M	1.21M	7.14M
Repurchase of Common Stock	—	-8.66M	—	—	—
Long-Term Debt Issued	130.14M	305.55M	236.00M	—	525.55M
Short-Term Debt Issued	920.80M	667.33M	118.16M	160.55M	—
Total Debt Issued	1.05B	0.97B	0.35B	0.16B	0.53B
Long-Term Debt Repaid	-136.79M	-535.16M	-228.73M	-181.33M	-549.31M
Short-Term Debt Repaid	-935.16M	-543.18M	—	—	-85.05M
Total Debt Repaid	-1.07B	-1.08B	-0.23B	-0.18B	-0.63B
Net Debt Issued (Repaid)	-21.00M	-105.46M	125.44M	-20.77M	-108.80M
Other Financing Activities	-46.87M	-35.02M	-45.10M	-21.61M	-24.66M
Free Cash Flow & Returns
Free Cash Flow	21.73M	106.17M	-130.32M	101.11M	226.79M
Free Cash Flow Growth	-79.5%	—	—	-55.4%	-38.7%
Free Cash Flow Margin	+1.5%	+7.9%	-9.9%	+6.8%	+14.8%
Free Cash Flow Per Share	0.22	1.06	-1.45	1.01	2.28
Levered Free Cash Flow	-259.81M	88.06M	-159.94M	-1.47M	121.94M
Unlevered Free Cash Flow	-229.02M	114.67M	-133.09M	14.26M	135.08M
Operating Cash Flow Growth	-62.6%	+132.4%	-29.8%	-47.7%	-10.9%
Net Cash Flow	6.17M	-21.46M	-5.84M	-38.95M	40.96M