GASCO HOLDING

National Gas & Industrialization Co.

2080StocksTadawulUtilities

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	3.27B	2.87B	2.46B	2.08B	1.90B
Operating Income	188.80M	145.49M	127.70M	107.97M	73.53M
Interest Income	54.40M	81.49M	105.52M	87.67M	129.59M
Interest Expense	-4.59M	-4.66M	-2.62M	-4.18M	-5.90M
Pretax Income	245.28M	239.32M	242.33M	229.11M	215.62M
Income Tax	-3.85M	-9.43M	15.01M	15.05M	14.25M
Net Income	249.13M	248.75M	227.32M	214.06M	201.36M
EBITDA	250.48M	251.20M	222.16M	205.88M	157.64M
Operations & Maintenance	6.33M	7.94M	1.37M	0.21M	0.29M
Utility Operating Expenses	3.08B	2.72B	2.33B	1.97B	1.83B
EPS (Basic)	3.32	3.32	3.03	2.85	2.68
EPS (Diluted)	3.32	3.32	3.03	2.85	2.68
DPS	2.30	2.20	2.00	1.85	1.50
Margins & Efficiency
EBITDA Margin %	+7.7%	+8.8%	+9.0%	+9.9%	+8.3%
Net Margin %	+7.6%	+8.7%	+9.2%	+10.3%	+10.6%
Revenue & Income
Revenue	3.27B	2.87B	2.46B	2.08B	1.90B
Revenue Growth (YoY)	+13.9%	+16.7%	+18.2%	+9.2%	-3.0%
Interest Income	54.40M	81.49M	105.52M	87.67M	129.59M
Income (Loss) on Equity Investments	10.88M	7.09M	8.00M	2.88M	13.43M
Gain (Loss) on Sale of Assets	0.47M	4.99M	3.66M	30.87M	0.51M
Gain (Loss) on Sale of Investments	-6.55M	—	—	—	—
Currency Exchange Gain (Loss)	1.84M	0.83M	-0.81M	0.47M	0.56M
Expenses & Provisions
Selling, General & Admin	228.38M	216.28M	174.47M	174.80M	182.45M
Total Operating Expenses	3.08B	2.72B	2.33B	1.97B	1.83B
Interest Expense	-4.59M	-4.66M	-2.62M	-4.18M	-5.90M
Other Non-Operating Income (Expenses)	0.02M	4.09M	0.87M	3.45M	3.91M
Operations & Maintenance	6.33M	7.94M	1.37M	0.21M	0.29M
Provision for Bad Debts	0.32M	-4.32M	1.78M	-4.26M	-1.34M
Asset Writedown	—	—	—	—	-11.00K
D&A For EBITDA	61.68M	105.71M	94.46M	97.92M	84.11M
Profitability & Returns
EBIT	188.80M	145.49M	127.70M	107.97M	73.53M
EBIT Margin	+5.8%	+5.1%	+5.2%	+5.2%	+3.9%
EBITDA	250.48M	251.20M	222.16M	205.88M	157.64M
EBITDA Margin	+7.7%	+8.8%	+9.0%	+9.9%	+8.3%
EBT Excluding Unusual Items	251.36M	234.33M	238.67M	198.25M	215.12M
Pretax Income	245.28M	239.32M	242.33M	229.11M	215.62M
Operating Income	188.80M	145.49M	127.70M	107.97M	73.53M
Profit Margin	+7.6%	+8.7%	+9.2%	+10.3%	+10.6%
Net Income	249.13M	248.75M	227.32M	214.06M	201.36M
Net Income to Common	249.13M	248.75M	227.32M	214.06M	201.36M
Net Income Growth	+0.2%	+9.4%	+6.2%	+6.3%	+47.1%
Income Tax Expense	-3.85M	-9.43M	15.01M	15.05M	14.25M
Effective Tax Rate	—	—	+6.2%	+6.6%	+6.6%
Net Interest Expense	49.81M	76.84M	102.91M	83.48M	123.68M
Per Share & Capital
EPS (Basic)	3.32	3.32	3.03	2.85	2.68
EPS (Diluted)	3.32	3.32	3.03	2.85	2.68
EPS Growth	+0.2%	+9.4%	+6.2%	+6.3%	+47.1%
Dividend Per Share	2.30	2.20	2.00	1.85	1.50
Shares Outstanding (Basic)	75.00M	75.00M	75.00M	75.00M	75.00M
Shares Outstanding (Diluted)	75.00M	75.00M	75.00M	75.00M	75.00M
Dividend Growth	+4.5%	+10.0%	+8.1%	+23.3%	+200.0%
Free Cash Flow	160.00M	-47.38M	42.02M	223.14M	-37.99M
Free Cash Flow Margin	+4.9%	-1.7%	+1.7%	+10.7%	-2.0%
Free Cash Flow Per Share	2.13	-0.63	0.56	2.98	-0.51
Payout Ratio	+67.2%	+64.4%	+33.2%	+89.6%	+45.9%
Supplemental
Other Operating Expenses	2.84B	2.50B	2.15B	1.80B	1.65B

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	3.27B	2.87B	2.46B	2.08B	1.90B
Operating Income	188.80M	145.49M	127.70M	107.97M	73.53M
Interest Income	54.40M	81.49M	105.52M	87.67M	129.59M
Interest Expense	-4.59M	-4.66M	-2.62M	-4.18M	-5.90M
Pretax Income	245.28M	239.32M	242.33M	229.11M	215.62M
Income Tax	-3.85M	-9.43M	15.01M	15.05M	14.25M
Net Income	249.13M	248.75M	227.32M	214.06M	201.36M
EBITDA	250.48M	251.20M	222.16M	205.88M	157.64M
Operations & Maintenance	6.33M	7.94M	1.37M	0.21M	0.29M
Utility Operating Expenses	3.08B	2.72B	2.33B	1.97B	1.83B
EPS (Basic)	3.32	3.32	3.03	2.85	2.68
EPS (Diluted)	3.32	3.32	3.03	2.85	2.68
DPS	2.30	2.20	2.00	1.85	1.50
Margins & Efficiency
EBITDA Margin %	+7.7%	+8.8%	+9.0%	+9.9%	+8.3%
Net Margin %	+7.6%	+8.7%	+9.2%	+10.3%	+10.6%
Revenue & Income
Revenue	3.27B	2.87B	2.46B	2.08B	1.90B
Revenue Growth (YoY)	+13.9%	+16.7%	+18.2%	+9.2%	-3.0%
Interest Income	54.40M	81.49M	105.52M	87.67M	129.59M
Income (Loss) on Equity Investments	10.88M	7.09M	8.00M	2.88M	13.43M
Gain (Loss) on Sale of Assets	0.47M	4.99M	3.66M	30.87M	0.51M
Gain (Loss) on Sale of Investments	-6.55M	—	—	—	—
Currency Exchange Gain (Loss)	1.84M	0.83M	-0.81M	0.47M	0.56M
Expenses & Provisions
Selling, General & Admin	228.38M	216.28M	174.47M	174.80M	182.45M
Total Operating Expenses	3.08B	2.72B	2.33B	1.97B	1.83B
Interest Expense	-4.59M	-4.66M	-2.62M	-4.18M	-5.90M
Other Non-Operating Income (Expenses)	0.02M	4.09M	0.87M	3.45M	3.91M
Operations & Maintenance	6.33M	7.94M	1.37M	0.21M	0.29M
Provision for Bad Debts	0.32M	-4.32M	1.78M	-4.26M	-1.34M
Asset Writedown	—	—	—	—	-11.00K
D&A For EBITDA	61.68M	105.71M	94.46M	97.92M	84.11M
Profitability & Returns
EBIT	188.80M	145.49M	127.70M	107.97M	73.53M
EBIT Margin	+5.8%	+5.1%	+5.2%	+5.2%	+3.9%
EBITDA	250.48M	251.20M	222.16M	205.88M	157.64M
EBITDA Margin	+7.7%	+8.8%	+9.0%	+9.9%	+8.3%
EBT Excluding Unusual Items	251.36M	234.33M	238.67M	198.25M	215.12M
Pretax Income	245.28M	239.32M	242.33M	229.11M	215.62M
Operating Income	188.80M	145.49M	127.70M	107.97M	73.53M
Profit Margin	+7.6%	+8.7%	+9.2%	+10.3%	+10.6%
Net Income	249.13M	248.75M	227.32M	214.06M	201.36M
Net Income to Common	249.13M	248.75M	227.32M	214.06M	201.36M
Net Income Growth	+0.2%	+9.4%	+6.2%	+6.3%	+47.1%
Income Tax Expense	-3.85M	-9.43M	15.01M	15.05M	14.25M
Effective Tax Rate	—	—	+6.2%	+6.6%	+6.6%
Net Interest Expense	49.81M	76.84M	102.91M	83.48M	123.68M
Per Share & Capital
EPS (Basic)	3.32	3.32	3.03	2.85	2.68
EPS (Diluted)	3.32	3.32	3.03	2.85	2.68
EPS Growth	+0.2%	+9.4%	+6.2%	+6.3%	+47.1%
Dividend Per Share	2.30	2.20	2.00	1.85	1.50
Shares Outstanding (Basic)	75.00M	75.00M	75.00M	75.00M	75.00M
Shares Outstanding (Diluted)	75.00M	75.00M	75.00M	75.00M	75.00M
Dividend Growth	+4.5%	+10.0%	+8.1%	+23.3%	+200.0%
Free Cash Flow	160.00M	-47.38M	42.02M	223.14M	-37.99M
Free Cash Flow Margin	+4.9%	-1.7%	+1.7%	+10.7%	-2.0%
Free Cash Flow Per Share	2.13	-0.63	0.56	2.98	-0.51
Payout Ratio	+67.2%	+64.4%	+33.2%	+89.6%	+45.9%
Supplemental
Other Operating Expenses	2.84B	2.50B	2.15B	1.80B	1.65B