TASNEE

National Industrialization Co.

2060StocksTadawulIndustrials

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	2.49B	3.02B	3.57B	3.88B	3.67B
Cost of Revenue	2.40B	2.94B	3.20B	3.02B	2.69B
Gross Profit	85.36M	84.50M	364.48M	864.29M	987.00M
SG&A	507.65M	433.71M	443.22M	493.14M	592.93M
Operating Expenses	0.51B	0.44B	0.39B	0.43B	1.07B
Operating Income	-429.45M	-351.53M	-21.89M	430.13M	-87.95M
Interest Income	196.11M	280.66M	269.95M	146.08M	43.52M
Interest Expense	-335.86M	-355.33M	-313.59M	-278.67M	-37.12M
Other Income/Expense	64.00M	77.04M	75.64M	139.14M	-138.97M
Pretax Income	-1.41B	-0.32B	0.48B	1.37B	2.38B
Income Tax	85.30M	6.42M	255.02M	286.96M	328.94M
Net Income	-1.77B	-0.03B	0.20B	0.67B	1.36B
EBITDA	-29.46M	-99.52M	182.56M	642.61M	163.37M
EBIT	-429.45M	-351.53M	-21.89M	430.13M	-87.95M
EPS (Basic)	-2.64	-0.04	0.30	1.00	2.03
EPS (Diluted)	-2.64	-0.04	0.30	1.00	2.03
Margins & Efficiency
Gross Margin %	+3.4%	+2.8%	+10.2%	+22.3%	+26.9%
EBITDA Margin %	-1.2%	-3.3%	+5.1%	+16.5%	+4.4%
Net Margin %	-70.9%	-0.9%	+5.7%	+17.2%	+36.9%
Revenue & Income
Revenue	2.49B	3.02B	3.57B	3.88B	3.67B
Revenue Growth (YoY)	-17.7%	-15.2%	-8.1%	+5.7%	+61.7%
Interest & Investment Income	196.11M	280.66M	269.95M	146.08M	43.52M
Earnings From Equity Investments	-0.82B	0.49B	0.66B	1.15B	2.78B
Gain (Loss) on Sale of Assets	—	—	56.72M	—	—
Gain (Loss) on Sale of Investments	—	-416.11M	—	—	—
Expenses & Provisions
Cost of Revenue	2.40B	2.94B	3.20B	3.02B	2.69B
Selling, General & Admin	507.65M	433.71M	443.22M	493.14M	592.93M
Operating Expenses	0.51B	0.44B	0.39B	0.43B	1.07B
Other Operating Expenses	-4.33M	7.80M	-56.84M	-65.27M	471.82M
Interest Expense	-335.86M	-355.33M	-313.59M	-278.67M	-37.12M
Other Non Operating Income (Expenses)	64.00M	77.04M	75.64M	139.14M	-138.97M
Merger & Restructuring Charges	—	—	—	—	—
Asset Writedown	-2.11B	—	—	-0.23B	-0.18B
Impairment of Goodwill	—	-364.28M	-282.72M	-21.69M	—
D&A For EBITDA	399.99M	252.01M	204.45M	212.48M	251.32M
Profitability & Returns
Gross Profit	85.36M	84.50M	364.48M	864.29M	987.00M
Gross Margin	+3.4%	+2.8%	+10.2%	+22.3%	+26.9%
EBIT	-429.45M	-351.53M	-21.89M	430.13M	-87.95M
EBIT Margin	-17.3%	-11.6%	-0.6%	+11.1%	-2.4%
EBITDA	-29.46M	-99.52M	182.56M	642.61M	163.37M
EBITDA Margin	-1.2%	-3.3%	+5.1%	+16.6%	+4.4%
EBT Excluding Unusual Items	-1.33B	0.14B	0.67B	1.58B	2.56B
Pretax Income	-1.41B	-0.32B	0.48B	1.37B	2.38B
Operating Income	-429.45M	-351.53M	-21.89M	430.13M	-87.95M
Operating Margin	-17.3%	-11.6%	-0.6%	+11.1%	-2.4%
Profit Margin	-70.9%	-0.9%	+5.7%	+17.2%	+36.9%
Net Income	-1.77B	-0.03B	0.20B	0.67B	1.36B
Net Income to Common	-1.77B	-0.03B	0.20B	0.67B	1.36B
Net Income to Company	-1.47B	-0.28B	0.22B	1.09B	2.05B
Net Income Growth	—	—	-69.7%	-50.9%	—
Earnings From Continuing Ops.	-1.49B	-0.33B	0.22B	1.09B	2.05B
Earnings From Discontinued Ops.	25.15M	47.44M	—	—	—
Minority Interest in Earnings	-299.08M	249.70M	-19.23M	-419.37M	-697.22M
Income Tax Expense	85.30M	6.42M	255.02M	286.96M	328.94M
Effective Tax Rate	—	—	+53.6%	+20.9%	+13.8%
Per Share & Capital
EPS (Basic)	-2.64	-0.04	0.30	1.00	2.03
EPS (Diluted)	-2.64	-0.04	0.30	1.00	2.03
EPS Growth	—	—	-69.7%	-50.9%	—
Shares Change (YoY)	-0	—	—	—	—
Shares Outstanding (Basic)	667.72M	668.91M	668.91M	668.91M	668.91M
Shares Outstanding (Diluted)	667.72M	668.91M	668.91M	668.91M	668.91M
Free Cash Flow	-517.95M	-236.64M	89.52M	659.81M	790.70M
Free Cash Flow Margin	-20.8%	-7.8%	+2.5%	+17.0%	+21.5%
Free Cash Flow Per Share	-0.78	-0.35	0.13	0.99	1.18
Supplemental
Other Unusual Items	2.03B	0.32B	0.03B	0.05B	—

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	2.49B	3.02B	3.57B	3.88B	3.67B
Cost of Revenue	2.40B	2.94B	3.20B	3.02B	2.69B
Gross Profit	85.36M	84.50M	364.48M	864.29M	987.00M
SG&A	507.65M	433.71M	443.22M	493.14M	592.93M
Operating Expenses	0.51B	0.44B	0.39B	0.43B	1.07B
Operating Income	-429.45M	-351.53M	-21.89M	430.13M	-87.95M
Interest Income	196.11M	280.66M	269.95M	146.08M	43.52M
Interest Expense	-335.86M	-355.33M	-313.59M	-278.67M	-37.12M
Other Income/Expense	64.00M	77.04M	75.64M	139.14M	-138.97M
Pretax Income	-1.41B	-0.32B	0.48B	1.37B	2.38B
Income Tax	85.30M	6.42M	255.02M	286.96M	328.94M
Net Income	-1.77B	-0.03B	0.20B	0.67B	1.36B
EBITDA	-29.46M	-99.52M	182.56M	642.61M	163.37M
EBIT	-429.45M	-351.53M	-21.89M	430.13M	-87.95M
EPS (Basic)	-2.64	-0.04	0.30	1.00	2.03
EPS (Diluted)	-2.64	-0.04	0.30	1.00	2.03
Margins & Efficiency
Gross Margin %	+3.4%	+2.8%	+10.2%	+22.3%	+26.9%
EBITDA Margin %	-1.2%	-3.3%	+5.1%	+16.5%	+4.4%
Net Margin %	-70.9%	-0.9%	+5.7%	+17.2%	+36.9%
Revenue & Income
Revenue	2.49B	3.02B	3.57B	3.88B	3.67B
Revenue Growth (YoY)	-17.7%	-15.2%	-8.1%	+5.7%	+61.7%
Interest & Investment Income	196.11M	280.66M	269.95M	146.08M	43.52M
Earnings From Equity Investments	-0.82B	0.49B	0.66B	1.15B	2.78B
Gain (Loss) on Sale of Assets	—	—	56.72M	—	—
Gain (Loss) on Sale of Investments	—	-416.11M	—	—	—
Expenses & Provisions
Cost of Revenue	2.40B	2.94B	3.20B	3.02B	2.69B
Selling, General & Admin	507.65M	433.71M	443.22M	493.14M	592.93M
Operating Expenses	0.51B	0.44B	0.39B	0.43B	1.07B
Other Operating Expenses	-4.33M	7.80M	-56.84M	-65.27M	471.82M
Interest Expense	-335.86M	-355.33M	-313.59M	-278.67M	-37.12M
Other Non Operating Income (Expenses)	64.00M	77.04M	75.64M	139.14M	-138.97M
Merger & Restructuring Charges	—	—	—	—	—
Asset Writedown	-2.11B	—	—	-0.23B	-0.18B
Impairment of Goodwill	—	-364.28M	-282.72M	-21.69M	—
D&A For EBITDA	399.99M	252.01M	204.45M	212.48M	251.32M
Profitability & Returns
Gross Profit	85.36M	84.50M	364.48M	864.29M	987.00M
Gross Margin	+3.4%	+2.8%	+10.2%	+22.3%	+26.9%
EBIT	-429.45M	-351.53M	-21.89M	430.13M	-87.95M
EBIT Margin	-17.3%	-11.6%	-0.6%	+11.1%	-2.4%
EBITDA	-29.46M	-99.52M	182.56M	642.61M	163.37M
EBITDA Margin	-1.2%	-3.3%	+5.1%	+16.6%	+4.4%
EBT Excluding Unusual Items	-1.33B	0.14B	0.67B	1.58B	2.56B
Pretax Income	-1.41B	-0.32B	0.48B	1.37B	2.38B
Operating Income	-429.45M	-351.53M	-21.89M	430.13M	-87.95M
Operating Margin	-17.3%	-11.6%	-0.6%	+11.1%	-2.4%
Profit Margin	-70.9%	-0.9%	+5.7%	+17.2%	+36.9%
Net Income	-1.77B	-0.03B	0.20B	0.67B	1.36B
Net Income to Common	-1.77B	-0.03B	0.20B	0.67B	1.36B
Net Income to Company	-1.47B	-0.28B	0.22B	1.09B	2.05B
Net Income Growth	—	—	-69.7%	-50.9%	—
Earnings From Continuing Ops.	-1.49B	-0.33B	0.22B	1.09B	2.05B
Earnings From Discontinued Ops.	25.15M	47.44M	—	—	—
Minority Interest in Earnings	-299.08M	249.70M	-19.23M	-419.37M	-697.22M
Income Tax Expense	85.30M	6.42M	255.02M	286.96M	328.94M
Effective Tax Rate	—	—	+53.6%	+20.9%	+13.8%
Per Share & Capital
EPS (Basic)	-2.64	-0.04	0.30	1.00	2.03
EPS (Diluted)	-2.64	-0.04	0.30	1.00	2.03
EPS Growth	—	—	-69.7%	-50.9%	—
Shares Change (YoY)	-0	—	—	—	—
Shares Outstanding (Basic)	667.72M	668.91M	668.91M	668.91M	668.91M
Shares Outstanding (Diluted)	667.72M	668.91M	668.91M	668.91M	668.91M
Free Cash Flow	-517.95M	-236.64M	89.52M	659.81M	790.70M
Free Cash Flow Margin	-20.8%	-7.8%	+2.5%	+17.0%	+21.5%
Free Cash Flow Per Share	-0.78	-0.35	0.13	0.99	1.18
Supplemental
Other Unusual Items	2.03B	0.32B	0.03B	0.05B	—