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	1.49B	1.35B	1.31B	1.48B	1.53B
Cost of Revenue	1.07B	1.10B	1.09B	1.04B	1.01B
Gross Profit	424.46M	248.26M	229.37M	445.10M	524.12M
SG&A	317.24M	283.56M	251.35M	258.32M	266.96M
Operating Expenses	629.13M	238.51M	256.85M	260.35M	246.44M
Operating Income	-204.68M	9.75M	-27.48M	184.75M	277.68M
Interest Income	321.44M	—	—	1.80M	1.90M
Interest Expense	-49.26M	-42.57M	-42.97M	-25.18M	-21.02M
Other Income/Expense	-6.75M	-7.18M	37.32M	33.60M	-2.80M
Pretax Income	184.89M	-71.19M	-216.05M	194.37M	258.56M
Income Tax	4.45M	8.06M	21.47M	24.12M	26.78M
Net Income	180.69M	-71.86M	-210.35M	173.92M	233.79M
EBITDA	-70.39M	127.25M	95.48M	301.26M	393.68M
EBIT	-204.68M	9.75M	-27.48M	184.75M	277.68M
EPS (Basic)	1.81	-0.72	-2.33	1.74	2.35
EPS (Diluted)	1.81	-0.72	-2.33	1.74	2.35
DPS	1.00	—	—	0.80	1.20
Margins & Efficiency
Gross Margin %	+28.5%	+18.4%	+17.4%	+30.0%	+34.1%
EBITDA Margin %	-4.7%	+9.4%	+7.3%	+20.3%	+25.7%
Net Margin %	+12.1%	-5.3%	-16.0%	+11.7%	+15.2%
Revenue & Income
Revenue	1.49B	1.35B	1.31B	1.48B	1.53B
Revenue Growth (YoY)	+10.5%	+2.6%	-11.5%	-3.2%	+1.2%
Interest & Investment Income	321.44M	—	—	1.80M	1.90M
Earnings From Equity Investments	—	—	205.00K	440.00K	444.00K
Gain (Loss) on Sale of Assets	1.65M	12.33M	36.80M	-1.05M	2.36M
Gain (Loss) on Sale of Investments	—	3.81M	23.14M	—	—
Currency Exchange Gain (Loss)	-5.26M	0.85M	—	—	—
Expenses & Provisions
Advertising Expenses	11.47M	9.51M	8.01M	1.80M	3.33M
Cost of Revenue	1.07B	1.10B	1.09B	1.04B	1.01B
Selling, General & Admin	317.24M	283.56M	251.35M	258.32M	266.96M
Operating Expenses	629.13M	238.51M	256.85M	260.35M	246.44M
Other Operating Expenses	300.29M	-40.63M	—	—	-23.40M
Interest Expense	-49.26M	-42.57M	-42.97M	-25.18M	-21.02M
Other Non Operating Income (Expenses)	-6.75M	-7.18M	37.32M	33.60M	-2.80M
Legal Settlements	—	2.89M	—	—	—
Asset Writedown	4.30M	-51.07M	-215.10M	—	—
D&A For EBITDA	134.29M	117.50M	122.95M	116.51M	116.00M
Profitability & Returns
Gross Profit	424.46M	248.26M	229.37M	445.10M	524.12M
Gross Margin	+28.5%	+18.4%	+17.4%	+30.0%	+34.2%
EBIT	-204.68M	9.75M	-27.48M	184.75M	277.68M
EBIT Margin	-13.7%	+0.7%	-2.1%	+12.4%	+18.1%
EBITDA	-70.39M	127.25M	95.48M	301.26M	393.68M
EBITDA Margin	-4.7%	+9.4%	+7.3%	+20.3%	+25.7%
EBT Excluding Unusual Items	55.49M	-39.15M	-32.92M	195.42M	256.21M
Pretax Income	184.89M	-71.19M	-216.05M	194.37M	258.56M
Operating Income	-204.68M	9.75M	-27.48M	184.75M	277.68M
Operating Margin	-13.7%	+0.7%	-2.1%	+12.4%	+18.1%
Profit Margin	+12.1%	-5.3%	-16.0%	+11.7%	+15.2%
Net Income	180.69M	-71.86M	-210.35M	173.92M	233.79M
Net Income to Common	180.69M	-71.86M	-210.35M	173.92M	233.79M
Net Income Growth	—	—	—	-25.6%	+200.9%
Earnings From Continuing Ops.	180.44M	-79.25M	-237.52M	170.26M	231.78M
Minority Interest in Earnings	0.25M	7.39M	27.17M	3.67M	2.01M
Income Tax Expense	4.45M	8.06M	21.47M	24.12M	26.78M
Effective Tax Rate	+2.4%	—	—	+12.4%	+10.4%
Per Share & Capital
EPS (Basic)	1.81	-0.72	-2.33	1.74	2.35
EPS (Diluted)	1.81	-0.72	-2.33	1.74	2.35
EPS Growth	—	—	—	-25.7%	+199.9%
Dividend Per Share	1.00	—	—	0.80	1.20
Shares Change (YoY)	-0	0.11	-0.1	0	0
Shares Outstanding (Basic)	99.68M	99.86M	90.12M	99.77M	99.69M
Shares Outstanding (Diluted)	99.68M	99.86M	90.12M	99.77M	99.69M
Dividend Growth	—	—	—	-33.3%	—
Free Cash Flow	21.73M	106.17M	-130.32M	101.11M	226.79M
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
Payout Ratio	+27.6%	—	—	+57.4%	+25.7%
Supplemental
Other Unusual Items	3.46M	—	-27.96M	—	—

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
Operating Summary
Revenue	1.49B	1.35B	1.31B	1.48B	1.53B
Cost of Revenue	1.07B	1.10B	1.09B	1.04B	1.01B
Gross Profit	424.46M	248.26M	229.37M	445.10M	524.12M
SG&A	317.24M	283.56M	251.35M	258.32M	266.96M
Operating Expenses	629.13M	238.51M	256.85M	260.35M	246.44M
Operating Income	-204.68M	9.75M	-27.48M	184.75M	277.68M
Interest Income	321.44M	—	—	1.80M	1.90M
Interest Expense	-49.26M	-42.57M	-42.97M	-25.18M	-21.02M
Other Income/Expense	-6.75M	-7.18M	37.32M	33.60M	-2.80M
Pretax Income	184.89M	-71.19M	-216.05M	194.37M	258.56M
Income Tax	4.45M	8.06M	21.47M	24.12M	26.78M
Net Income	180.69M	-71.86M	-210.35M	173.92M	233.79M
EBITDA	-70.39M	127.25M	95.48M	301.26M	393.68M
EBIT	-204.68M	9.75M	-27.48M	184.75M	277.68M
EPS (Basic)	1.81	-0.72	-2.33	1.74	2.35
EPS (Diluted)	1.81	-0.72	-2.33	1.74	2.35
DPS	1.00	—	—	0.80	1.20
Margins & Efficiency
Gross Margin %	+28.5%	+18.4%	+17.4%	+30.0%	+34.1%
EBITDA Margin %	-4.7%	+9.4%	+7.3%	+20.3%	+25.7%
Net Margin %	+12.1%	-5.3%	-16.0%	+11.7%	+15.2%
Revenue & Income
Revenue	1.49B	1.35B	1.31B	1.48B	1.53B
Revenue Growth (YoY)	+10.5%	+2.6%	-11.5%	-3.2%	+1.2%
Interest & Investment Income	321.44M	—	—	1.80M	1.90M
Earnings From Equity Investments	—	—	205.00K	440.00K	444.00K
Gain (Loss) on Sale of Assets	1.65M	12.33M	36.80M	-1.05M	2.36M
Gain (Loss) on Sale of Investments	—	3.81M	23.14M	—	—
Currency Exchange Gain (Loss)	-5.26M	0.85M	—	—	—
Expenses & Provisions
Advertising Expenses	11.47M	9.51M	8.01M	1.80M	3.33M
Cost of Revenue	1.07B	1.10B	1.09B	1.04B	1.01B
Selling, General & Admin	317.24M	283.56M	251.35M	258.32M	266.96M
Operating Expenses	629.13M	238.51M	256.85M	260.35M	246.44M
Other Operating Expenses	300.29M	-40.63M	—	—	-23.40M
Interest Expense	-49.26M	-42.57M	-42.97M	-25.18M	-21.02M
Other Non Operating Income (Expenses)	-6.75M	-7.18M	37.32M	33.60M	-2.80M
Legal Settlements	—	2.89M	—	—	—
Asset Writedown	4.30M	-51.07M	-215.10M	—	—
D&A For EBITDA	134.29M	117.50M	122.95M	116.51M	116.00M
Profitability & Returns
Gross Profit	424.46M	248.26M	229.37M	445.10M	524.12M
Gross Margin	+28.5%	+18.4%	+17.4%	+30.0%	+34.2%
EBIT	-204.68M	9.75M	-27.48M	184.75M	277.68M
EBIT Margin	-13.7%	+0.7%	-2.1%	+12.4%	+18.1%
EBITDA	-70.39M	127.25M	95.48M	301.26M	393.68M
EBITDA Margin	-4.7%	+9.4%	+7.3%	+20.3%	+25.7%
EBT Excluding Unusual Items	55.49M	-39.15M	-32.92M	195.42M	256.21M
Pretax Income	184.89M	-71.19M	-216.05M	194.37M	258.56M
Operating Income	-204.68M	9.75M	-27.48M	184.75M	277.68M
Operating Margin	-13.7%	+0.7%	-2.1%	+12.4%	+18.1%
Profit Margin	+12.1%	-5.3%	-16.0%	+11.7%	+15.2%
Net Income	180.69M	-71.86M	-210.35M	173.92M	233.79M
Net Income to Common	180.69M	-71.86M	-210.35M	173.92M	233.79M
Net Income Growth	—	—	—	-25.6%	+200.9%
Earnings From Continuing Ops.	180.44M	-79.25M	-237.52M	170.26M	231.78M
Minority Interest in Earnings	0.25M	7.39M	27.17M	3.67M	2.01M
Income Tax Expense	4.45M	8.06M	21.47M	24.12M	26.78M
Effective Tax Rate	+2.4%	—	—	+12.4%	+10.4%
Per Share & Capital
EPS (Basic)	1.81	-0.72	-2.33	1.74	2.35
EPS (Diluted)	1.81	-0.72	-2.33	1.74	2.35
EPS Growth	—	—	—	-25.7%	+199.9%
Dividend Per Share	1.00	—	—	0.80	1.20
Shares Change (YoY)	-0	0.11	-0.1	0	0
Shares Outstanding (Basic)	99.68M	99.86M	90.12M	99.77M	99.69M
Shares Outstanding (Diluted)	99.68M	99.86M	90.12M	99.77M	99.69M
Dividend Growth	—	—	—	-33.3%	—
Free Cash Flow	21.73M	106.17M	-130.32M	101.11M	226.79M
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
Payout Ratio	+27.6%	—	—	+57.4%	+25.7%
Supplemental
Other Unusual Items	3.46M	—	-27.96M	—	—

Financials

Annual (SAR)

SAUDI CERAMICS

Annual (SAR)