NGC

National Gypsum Co.

2090StocksTadawulMaterials

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
Assets
Cash & Equivalents	2.10M	3.62M	9.18M	49.85M	87.98M
Cash & Short-Term Investments	2.10M	3.62M	9.18M	59.94M	87.98M
Receivables	16.57M	12.84M	28.42M	23.88M	31.55M
Inventory	14.24M	17.62M	20.12M	21.04M	25.99M
Current Assets	41.70M	44.53M	80.14M	107.71M	149.74M
PP&E	262.23M	251.27M	217.49M	226.41M	273.19M
Total Assets	373.91M	375.33M	406.25M	399.70M	502.25M
Liabilities
Accounts Payable	11.84M	8.28M	1.40M	1.67M	1.91M
Current Liabilities	52.49M	18.50M	33.95M	33.35M	18.06M
Short-Term Debt	31.78M	—	—	—	—
Total Debt	36.78M	5.56M	6.13M	6.72M	7.33M
Total Liabilities	62.38M	28.31M	44.11M	43.07M	27.93M
Equity & Ownership
Retained Earnings	-2.61M	28.19M	33.55M	28.42M	140.11M
Total Equity	311.54M	347.02M	362.14M	356.63M	474.32M
Net Debt	34.68M	1.93M	-3.05M	-53.22M	-80.64M
Shares Outstanding	31,666,667	31,666,667	31,666,667	31,666,667	31,666,667
Cash & Assets
Total Assets	373.91M	375.33M	406.25M	399.70M	502.25M
Total Current Assets	41.70M	44.53M	80.14M	107.71M	149.74M
Cash & Equivalents	2.10M	3.62M	9.18M	49.85M	87.98M
Cash & Short-Term Investments	2.10M	3.62M	9.18M	59.94M	87.98M
Net Cash (Debt)	-34.68M	-1.93M	3.05M	53.22M	80.64M
Net Cash Per Share	-1.10	-0.06	0.10	1.68	2.55
Cash Growth	-42.0%	-60.6%	-84.7%	-31.9%	-4.9%
Net Cash Growth	—	—	-94.3%	-34.0%	-4.6%
Accounts Receivable	15.75M	11.78M	27.16M	22.94M	30.82M
Other Receivables	0.82M	1.06M	1.26M	0.94M	0.74M
Receivables	16.57M	12.84M	28.42M	23.88M	31.55M
Inventory	14.24M	17.62M	20.12M	21.04M	25.99M
Prepaid Expenses	1.74M	1.32M	1.25M	1.21M	1.22M
Construction In Progress	—	55.99M	13.21M	13.08M	42.72M
Land	22.39M	22.21M	22.21M	22.25M	22.25M
Buildings	146.61M	124.82M	124.68M	125.09M	125.09M
Machinery	616.83M	517.37M	515.59M	515.43M	514.71M
Property, Plant & Equipment	262.23M	251.27M	217.49M	226.41M	273.19M
Other Current Assets	7.05M	9.13M	21.16M	1.64M	3.00M
Other Long-Term Assets	1	—	—	—	—
Long-Term Leases	4.45M	4.96M	5.54M	6.13M	6.72M
Current Portion of Leases	542.60K	592.91K	592.91K	592.91K	610.70K
Loans & Investments
Trading Asset Securities	—	—	—	10.09M	—
Long-Term Investments	69.99M	79.54M	108.63M	65.58M	79.32M
Liabilities & Obligations
Total Liabilities	62.38M	28.31M	44.11M	43.07M	27.93M
Total Liabilities & Equity	373.91M	375.33M	406.25M	399.70M	502.25M
Total Current Liabilities	52.49M	18.50M	33.95M	33.35M	18.06M
Accounts Payable	11.84M	8.28M	1.40M	1.67M	1.91M
Accrued Expenses	1.24M	0.87M	22.46M	21.50M	4.48M
Current Income Taxes Payable	0.11M	0.92M	3.00M	2.92M	3.43M
Other Current Liabilities	6.98M	7.84M	6.50M	6.67M	7.62M
Pension & Post-Retirement Benefits	5.43M	4.84M	4.62M	3.59M	3.15M
Debt & Funding
Short-Term Debt	31.78M	—	—	—	—
Total Debt	36.78M	5.56M	6.13M	6.72M	7.33M
Equity & Book Value
Shareholders' Equity	311.54M	347.02M	362.14M	356.63M	474.32M
Common Stock	316.67M	316.67M	316.67M	316.67M	316.67M
Retained Earnings	-2.61M	28.19M	33.55M	28.42M	140.11M
Comprehensive Income & Other	-2.52M	2.16M	11.93M	11.54M	17.55M
Book Value Per Share	9.84	10.96	11.44	11.26	14.98
Tangible Book Value	311.54M	347.02M	362.14M	356.63M	474.32M
Tangible Book Value Per Share	9.84	10.96	11.44	11.26	14.98
Filing Date Shares Outstanding	31.67M	31.67M	31.67M	31.67M	31.67M
Total Common Shares Outstanding	31.67M	31.67M	31.67M	31.67M	31.67M
Working Capital	-10.79M	26.03M	46.18M	74.36M	131.68M

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
Assets
Cash & Equivalents	2.10M	3.62M	9.18M	49.85M	87.98M
Cash & Short-Term Investments	2.10M	3.62M	9.18M	59.94M	87.98M
Receivables	16.57M	12.84M	28.42M	23.88M	31.55M
Inventory	14.24M	17.62M	20.12M	21.04M	25.99M
Current Assets	41.70M	44.53M	80.14M	107.71M	149.74M
PP&E	262.23M	251.27M	217.49M	226.41M	273.19M
Total Assets	373.91M	375.33M	406.25M	399.70M	502.25M
Liabilities
Accounts Payable	11.84M	8.28M	1.40M	1.67M	1.91M
Current Liabilities	52.49M	18.50M	33.95M	33.35M	18.06M
Short-Term Debt	31.78M	—	—	—	—
Total Debt	36.78M	5.56M	6.13M	6.72M	7.33M
Total Liabilities	62.38M	28.31M	44.11M	43.07M	27.93M
Equity & Ownership
Retained Earnings	-2.61M	28.19M	33.55M	28.42M	140.11M
Total Equity	311.54M	347.02M	362.14M	356.63M	474.32M
Net Debt	34.68M	1.93M	-3.05M	-53.22M	-80.64M
Shares Outstanding	31,666,667	31,666,667	31,666,667	31,666,667	31,666,667
Cash & Assets
Total Assets	373.91M	375.33M	406.25M	399.70M	502.25M
Total Current Assets	41.70M	44.53M	80.14M	107.71M	149.74M
Cash & Equivalents	2.10M	3.62M	9.18M	49.85M	87.98M
Cash & Short-Term Investments	2.10M	3.62M	9.18M	59.94M	87.98M
Net Cash (Debt)	-34.68M	-1.93M	3.05M	53.22M	80.64M
Net Cash Per Share	-1.10	-0.06	0.10	1.68	2.55
Cash Growth	-42.0%	-60.6%	-84.7%	-31.9%	-4.9%
Net Cash Growth	—	—	-94.3%	-34.0%	-4.6%
Accounts Receivable	15.75M	11.78M	27.16M	22.94M	30.82M
Other Receivables	0.82M	1.06M	1.26M	0.94M	0.74M
Receivables	16.57M	12.84M	28.42M	23.88M	31.55M
Inventory	14.24M	17.62M	20.12M	21.04M	25.99M
Prepaid Expenses	1.74M	1.32M	1.25M	1.21M	1.22M
Construction In Progress	—	55.99M	13.21M	13.08M	42.72M
Land	22.39M	22.21M	22.21M	22.25M	22.25M
Buildings	146.61M	124.82M	124.68M	125.09M	125.09M
Machinery	616.83M	517.37M	515.59M	515.43M	514.71M
Property, Plant & Equipment	262.23M	251.27M	217.49M	226.41M	273.19M
Other Current Assets	7.05M	9.13M	21.16M	1.64M	3.00M
Other Long-Term Assets	1	—	—	—	—
Long-Term Leases	4.45M	4.96M	5.54M	6.13M	6.72M
Current Portion of Leases	542.60K	592.91K	592.91K	592.91K	610.70K
Loans & Investments
Trading Asset Securities	—	—	—	10.09M	—
Long-Term Investments	69.99M	79.54M	108.63M	65.58M	79.32M
Liabilities & Obligations
Total Liabilities	62.38M	28.31M	44.11M	43.07M	27.93M
Total Liabilities & Equity	373.91M	375.33M	406.25M	399.70M	502.25M
Total Current Liabilities	52.49M	18.50M	33.95M	33.35M	18.06M
Accounts Payable	11.84M	8.28M	1.40M	1.67M	1.91M
Accrued Expenses	1.24M	0.87M	22.46M	21.50M	4.48M
Current Income Taxes Payable	0.11M	0.92M	3.00M	2.92M	3.43M
Other Current Liabilities	6.98M	7.84M	6.50M	6.67M	7.62M
Pension & Post-Retirement Benefits	5.43M	4.84M	4.62M	3.59M	3.15M
Debt & Funding
Short-Term Debt	31.78M	—	—	—	—
Total Debt	36.78M	5.56M	6.13M	6.72M	7.33M
Equity & Book Value
Shareholders' Equity	311.54M	347.02M	362.14M	356.63M	474.32M
Common Stock	316.67M	316.67M	316.67M	316.67M	316.67M
Retained Earnings	-2.61M	28.19M	33.55M	28.42M	140.11M
Comprehensive Income & Other	-2.52M	2.16M	11.93M	11.54M	17.55M
Book Value Per Share	9.84	10.96	11.44	11.26	14.98
Tangible Book Value	311.54M	347.02M	362.14M	356.63M	474.32M
Tangible Book Value Per Share	9.84	10.96	11.44	11.26	14.98
Filing Date Shares Outstanding	31.67M	31.67M	31.67M	31.67M	31.67M
Total Common Shares Outstanding	31.67M	31.67M	31.67M	31.67M	31.67M
Working Capital	-10.79M	26.03M	46.18M	74.36M	131.68M