MIAHONA

Miahona Co.

2084StocksTadawulUtilities

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	699.65M	385.09M	324.46M	276.02M	255.90M
Operating Income	83.80M	55.81M	70.26M	56.48M	33.33M
Interest Income	43.15M	27.99M	20.04M	15.04M	15.46M
Interest Expense	-49.10M	-40.52M	-33.16M	-21.25M	-21.56M
Pretax Income	82.38M	47.43M	63.26M	55.46M	29.75M
Income Tax	6.62M	6.42M	6.33M	5.35M	4.42M
Net Income	72.41M	40.73M	56.72M	50.11M	25.33M
EBITDA	122.46M	103.35M	112.21M	95.00M	73.84M
Operations & Maintenance	6.08M	6.12M	4.48M	—	—
Utility Operating Expenses	615.85M	329.28M	254.21M	219.55M	222.56M
EPS (Basic)	0.45	0.25	0.35	0.31	50.66
EPS (Diluted)	0.45	0.25	0.35	0.31	50.66
DPS	—	0.10	—	—	—
Margins & Efficiency
EBITDA Margin %	+17.5%	+26.8%	+34.6%	+34.4%	+28.9%
Net Margin %	+10.4%	+10.6%	+17.5%	+18.2%	+9.9%
Revenue & Income
Revenue	699.65M	385.09M	324.46M	276.02M	255.90M
Revenue Growth (YoY)	+81.7%	+18.7%	+17.5%	+7.9%	+12.1%
Interest Income	43.15M	27.99M	20.04M	15.04M	15.46M
Income (Loss) on Equity Investments	4.60M	5.62M	6.48M	5.41M	2.52M
Gain (Loss) on Sale of Assets	—	—	—	129.92K	1.03K
Expenses & Provisions
Selling, General & Admin	45.70M	13.72M	14.89M	30.16M	30.38M
Total Operating Expenses	615.85M	329.28M	254.21M	219.55M	222.56M
Interest Expense	-49.10M	-40.52M	-33.16M	-21.25M	-21.56M
Other Non-Operating Income (Expenses)	-219.54K	-358.76K	-357.49K	-352.01K	—
Operations & Maintenance	6.08M	6.12M	4.48M	—	—
Provision for Bad Debts	0.62M	0.53M	0.77M	-0.24M	10.79M
Asset Writedown	0.15M	-1.11M	—	—	—
D&A For EBITDA	38.66M	47.53M	41.96M	38.52M	40.51M
Depreciation & Amortization	8.81M	3.37M	3.23M	—	—
Amortization of Goodwill & Intangibles	97.98K	33.18K	218.02K	—	—
Profitability & Returns
EBIT	83.80M	55.81M	70.26M	56.48M	33.33M
EBIT Margin	+12.0%	+14.5%	+21.7%	+20.5%	+13.0%
EBITDA	122.46M	103.35M	112.21M	95.00M	73.84M
EBITDA Margin	+17.5%	+26.8%	+34.6%	+34.4%	+28.9%
EBT Excluding Unusual Items	82.23M	48.54M	63.26M	55.33M	29.75M
Pretax Income	82.38M	47.43M	63.26M	55.46M	29.75M
Operating Income	83.80M	55.81M	70.26M	56.48M	33.33M
Profit Margin	+10.4%	+10.6%	+17.5%	+18.2%	+9.9%
Net Income	72.41M	40.73M	56.72M	50.11M	25.33M
Net Income to Common	72.41M	40.73M	56.72M	50.11M	25.33M
Net Income Growth	+77.8%	-28.2%	+13.2%	+97.8%	+45.5%
Earnings From Continuing Ops.	75.76M	41.01M	56.92M	50.11M	25.33M
Minority Interest in Earnings	-3.35M	-0.28M	-0.20M	—	—
Income Tax Expense	6.62M	6.42M	6.33M	5.35M	4.42M
Effective Tax Rate	+8.0%	+13.5%	+10.0%	+9.6%	+14.9%
Net Interest Expense	-5.95M	-12.53M	-13.12M	-6.21M	-6.10M
Per Share & Capital
EPS (Basic)	0.45	0.25	0.35	0.31	50.66
EPS (Diluted)	0.45	0.25	0.35	0.31	50.66
EPS Growth	+80.0%	-28.6%	+12.9%	-99.4%	-85.4%
Dividend Per Share	—	0.10	—	—	—
Shares Change (YoY)	—	—	—	320.85	9
Shares Outstanding (Basic)	160.93M	160.93M	160.93M	160.93M	0.50M
Shares Outstanding (Diluted)	160.93M	160.93M	160.93M	160.93M	0.50M
Free Cash Flow	153.43M	136.92M	110.42M	35.10M	40.69M
Free Cash Flow Margin	+21.9%	+35.6%	+34.0%	+12.7%	+15.9%
Free Cash Flow Per Share	0.95	0.85	0.69	0.22	81.39
Payout Ratio	+22.2%	—	—	+39.9%	—
Supplemental
Other Operating Expenses	554.54M	305.51M	230.62M	189.63M	181.39M

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	699.65M	385.09M	324.46M	276.02M	255.90M
Operating Income	83.80M	55.81M	70.26M	56.48M	33.33M
Interest Income	43.15M	27.99M	20.04M	15.04M	15.46M
Interest Expense	-49.10M	-40.52M	-33.16M	-21.25M	-21.56M
Pretax Income	82.38M	47.43M	63.26M	55.46M	29.75M
Income Tax	6.62M	6.42M	6.33M	5.35M	4.42M
Net Income	72.41M	40.73M	56.72M	50.11M	25.33M
EBITDA	122.46M	103.35M	112.21M	95.00M	73.84M
Operations & Maintenance	6.08M	6.12M	4.48M	—	—
Utility Operating Expenses	615.85M	329.28M	254.21M	219.55M	222.56M
EPS (Basic)	0.45	0.25	0.35	0.31	50.66
EPS (Diluted)	0.45	0.25	0.35	0.31	50.66
DPS	—	0.10	—	—	—
Margins & Efficiency
EBITDA Margin %	+17.5%	+26.8%	+34.6%	+34.4%	+28.9%
Net Margin %	+10.4%	+10.6%	+17.5%	+18.2%	+9.9%
Revenue & Income
Revenue	699.65M	385.09M	324.46M	276.02M	255.90M
Revenue Growth (YoY)	+81.7%	+18.7%	+17.5%	+7.9%	+12.1%
Interest Income	43.15M	27.99M	20.04M	15.04M	15.46M
Income (Loss) on Equity Investments	4.60M	5.62M	6.48M	5.41M	2.52M
Gain (Loss) on Sale of Assets	—	—	—	129.92K	1.03K
Expenses & Provisions
Selling, General & Admin	45.70M	13.72M	14.89M	30.16M	30.38M
Total Operating Expenses	615.85M	329.28M	254.21M	219.55M	222.56M
Interest Expense	-49.10M	-40.52M	-33.16M	-21.25M	-21.56M
Other Non-Operating Income (Expenses)	-219.54K	-358.76K	-357.49K	-352.01K	—
Operations & Maintenance	6.08M	6.12M	4.48M	—	—
Provision for Bad Debts	0.62M	0.53M	0.77M	-0.24M	10.79M
Asset Writedown	0.15M	-1.11M	—	—	—
D&A For EBITDA	38.66M	47.53M	41.96M	38.52M	40.51M
Depreciation & Amortization	8.81M	3.37M	3.23M	—	—
Amortization of Goodwill & Intangibles	97.98K	33.18K	218.02K	—	—
Profitability & Returns
EBIT	83.80M	55.81M	70.26M	56.48M	33.33M
EBIT Margin	+12.0%	+14.5%	+21.7%	+20.5%	+13.0%
EBITDA	122.46M	103.35M	112.21M	95.00M	73.84M
EBITDA Margin	+17.5%	+26.8%	+34.6%	+34.4%	+28.9%
EBT Excluding Unusual Items	82.23M	48.54M	63.26M	55.33M	29.75M
Pretax Income	82.38M	47.43M	63.26M	55.46M	29.75M
Operating Income	83.80M	55.81M	70.26M	56.48M	33.33M
Profit Margin	+10.4%	+10.6%	+17.5%	+18.2%	+9.9%
Net Income	72.41M	40.73M	56.72M	50.11M	25.33M
Net Income to Common	72.41M	40.73M	56.72M	50.11M	25.33M
Net Income Growth	+77.8%	-28.2%	+13.2%	+97.8%	+45.5%
Earnings From Continuing Ops.	75.76M	41.01M	56.92M	50.11M	25.33M
Minority Interest in Earnings	-3.35M	-0.28M	-0.20M	—	—
Income Tax Expense	6.62M	6.42M	6.33M	5.35M	4.42M
Effective Tax Rate	+8.0%	+13.5%	+10.0%	+9.6%	+14.9%
Net Interest Expense	-5.95M	-12.53M	-13.12M	-6.21M	-6.10M
Per Share & Capital
EPS (Basic)	0.45	0.25	0.35	0.31	50.66
EPS (Diluted)	0.45	0.25	0.35	0.31	50.66
EPS Growth	+80.0%	-28.6%	+12.9%	-99.4%	-85.4%
Dividend Per Share	—	0.10	—	—	—
Shares Change (YoY)	—	—	—	320.85	9
Shares Outstanding (Basic)	160.93M	160.93M	160.93M	160.93M	0.50M
Shares Outstanding (Diluted)	160.93M	160.93M	160.93M	160.93M	0.50M
Free Cash Flow	153.43M	136.92M	110.42M	35.10M	40.69M
Free Cash Flow Margin	+21.9%	+35.6%	+34.0%	+12.7%	+15.9%
Free Cash Flow Per Share	0.95	0.85	0.69	0.22	81.39
Payout Ratio	+22.2%	—	—	+39.9%	—
Supplemental
Other Operating Expenses	554.54M	305.51M	230.62M	189.63M	181.39M