SAUDI ARAMCO

Saudi Arabian Oil Co.

2222StocksTadawulEnergy

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	1.67T	1.80T	1.86T	2.27T	1.50T
Cost of Revenue	739.79B	820.24B	799.54B	934.11B	573.67B
Gross Profit	0.93T	0.98T	1.06T	1.33T	0.93T
SG&A	83.50B	88.93B	76.73B	83.66B	59.50B
R&D	5.44B	5.82B	5.20B	4.42B	3.87B
Operating Expenses	192.95B	195.66B	184.88B	188.54B	156.63B
Operating Income	0.74T	0.79T	0.87T	1.14T	0.77T
Interest Income	13.78B	20.72B	25.85B	9.53B	1.77B
Interest Expense	-10.31B	-9.86B	-5.01B	-6.60B	-10.63B
Other Income/Expense	1.73B	2.17B	-2.33B	0.30B	-0.97B
Pretax Income	0.70T	0.78T	0.89T	1.15T	0.77T
Income Tax	352.65B	383.59B	433.30B	548.96B	357.13B
Net Income	348.04B	393.89B	452.75B	597.22B	395.20B
EBITDA	0.83T	0.87T	0.96T	1.22T	0.85T
EBIT	0.74T	0.79T	0.87T	1.14T	0.77T
EPS (Basic)	1.44	1.63	1.87	2.47	1.63
EPS (Diluted)	1.44	1.63	1.87	2.47	1.63
DPS	1.33	1.78	1.69	1.17	1.16
Margins & Efficiency
Gross Margin %	+55.7%	+54.5%	+56.9%	+58.8%	+61.8%
EBITDA Margin %	+49.4%	+48.4%	+51.5%	+54.0%	+56.3%
Net Margin %	+20.8%	+21.9%	+24.4%	+26.4%	+26.3%
Revenue & Income
Revenue	1.67T	1.80T	1.86T	2.27T	1.50T
Revenue as Reported	1.67T	1.80T	1.86T	2.27T	1.50T
Revenue Growth (YoY)	-7.2%	-2.9%	-18.1%	+50.9%	+74.2%
Interest & Investment Income	13.78B	20.72B	25.85B	9.53B	1.77B
Earnings From Equity Investments	-8.38B	-4.97B	-4.00B	2.87B	7.87B
Expenses & Provisions
Cost of Revenue	739.79B	820.24B	799.54B	934.11B	573.67B
Selling, General & Admin	83.50B	88.93B	76.73B	83.66B	59.50B
Research & Development	5.44B	5.82B	5.20B	4.42B	3.87B
Operating Expenses	192.95B	195.66B	184.88B	188.54B	156.63B
Other Operating Expenses	780.00M	678.00M	511.00M	510.00M	450.00M
Interest Expense	-10.31B	-9.86B	-5.01B	-6.60B	-10.63B
Other Non Operating Income (Expenses)	1.73B	2.17B	-2.33B	0.30B	-0.97B
Merger & Restructuring Charges	-4.45B	-1.07B	-0.16B	-0.04B	—
Asset Writedown	-27.97B	-10.76B	-4.02B	-0.12B	—
D&A For EBITDA	86.62B	86.61B	83.52B	79.63B	73.87B
Profitability & Returns
Gross Profit	0.93T	0.98T	1.06T	1.33T	0.93T
Gross Margin	+55.7%	+54.5%	+56.9%	+58.8%	+61.8%
EBIT	0.74T	0.79T	0.87T	1.14T	0.77T
EBIT Margin	+44.2%	+43.6%	+47.0%	+50.5%	+51.4%
EBITDA	0.83T	0.87T	0.96T	1.22T	0.85T
EBITDA Margin	+49.4%	+48.4%	+51.5%	+54.0%	+56.3%
EBT Excluding Unusual Items	0.74T	0.79T	0.89T	1.15T	0.77T
Pretax Income	0.70T	0.78T	0.89T	1.15T	0.77T
Operating Income	0.74T	0.79T	0.87T	1.14T	0.77T
Operating Margin	+44.2%	+43.6%	+47.0%	+50.5%	+51.4%
Profit Margin	+20.8%	+21.9%	+24.4%	+26.4%	+26.3%
Net Income	348.04B	393.89B	452.75B	597.22B	395.20B
Net Income to Common	348.04B	393.89B	452.75B	597.22B	395.20B
Net Income Growth	-11.6%	-13.0%	-24.2%	+51.1%	+113.7%
Earnings From Continuing Ops.	350.21B	398.42B	454.76B	604.01B	412.40B
Minority Interest in Earnings	-2.17B	-4.53B	-2.01B	-6.79B	-17.19B
Income Tax Expense	352.65B	383.59B	433.30B	548.96B	357.13B
Effective Tax Rate	+50.2%	+49.1%	+48.8%	+47.6%	+46.4%
Per Share & Capital
EPS (Basic)	1.44	1.63	1.87	2.47	1.63
EPS (Diluted)	1.44	1.63	1.87	2.47	1.63
EPS Growth	-11.6%	-13.0%	-24.2%	+51.1%	+113.7%
Dividend Per Share	1.33	1.78	1.69	1.17	1.16
Shares Change (YoY)	-0	-0	0	0	0
Shares Outstanding (Basic)	241.88B	241.89B	241.93B	241.91B	241.89B
Shares Outstanding (Diluted)	241.88B	241.89B	241.93B	241.91B	241.89B
Dividend Growth	-24.9%	+4.8%	+44.3%	+1.5%	—
Free Cash Flow	320.35B	320.00B	379.51B	556.99B	402.96B
Free Cash Flow Margin	+19.2%	+17.8%	+20.4%	+24.6%	+26.8%
Free Cash Flow Per Share	1.32	1.32	1.57	2.30	1.67
Payout Ratio	+92.1%	+118.3%	+81.0%	+47.1%	+71.2%
Supplemental
Other Unusual Items	—	—	5.78B	3.28B	—

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	1.67T	1.80T	1.86T	2.27T	1.50T
Cost of Revenue	739.79B	820.24B	799.54B	934.11B	573.67B
Gross Profit	0.93T	0.98T	1.06T	1.33T	0.93T
SG&A	83.50B	88.93B	76.73B	83.66B	59.50B
R&D	5.44B	5.82B	5.20B	4.42B	3.87B
Operating Expenses	192.95B	195.66B	184.88B	188.54B	156.63B
Operating Income	0.74T	0.79T	0.87T	1.14T	0.77T
Interest Income	13.78B	20.72B	25.85B	9.53B	1.77B
Interest Expense	-10.31B	-9.86B	-5.01B	-6.60B	-10.63B
Other Income/Expense	1.73B	2.17B	-2.33B	0.30B	-0.97B
Pretax Income	0.70T	0.78T	0.89T	1.15T	0.77T
Income Tax	352.65B	383.59B	433.30B	548.96B	357.13B
Net Income	348.04B	393.89B	452.75B	597.22B	395.20B
EBITDA	0.83T	0.87T	0.96T	1.22T	0.85T
EBIT	0.74T	0.79T	0.87T	1.14T	0.77T
EPS (Basic)	1.44	1.63	1.87	2.47	1.63
EPS (Diluted)	1.44	1.63	1.87	2.47	1.63
DPS	1.33	1.78	1.69	1.17	1.16
Margins & Efficiency
Gross Margin %	+55.7%	+54.5%	+56.9%	+58.8%	+61.8%
EBITDA Margin %	+49.4%	+48.4%	+51.5%	+54.0%	+56.3%
Net Margin %	+20.8%	+21.9%	+24.4%	+26.4%	+26.3%
Revenue & Income
Revenue	1.67T	1.80T	1.86T	2.27T	1.50T
Revenue as Reported	1.67T	1.80T	1.86T	2.27T	1.50T
Revenue Growth (YoY)	-7.2%	-2.9%	-18.1%	+50.9%	+74.2%
Interest & Investment Income	13.78B	20.72B	25.85B	9.53B	1.77B
Earnings From Equity Investments	-8.38B	-4.97B	-4.00B	2.87B	7.87B
Expenses & Provisions
Cost of Revenue	739.79B	820.24B	799.54B	934.11B	573.67B
Selling, General & Admin	83.50B	88.93B	76.73B	83.66B	59.50B
Research & Development	5.44B	5.82B	5.20B	4.42B	3.87B
Operating Expenses	192.95B	195.66B	184.88B	188.54B	156.63B
Other Operating Expenses	780.00M	678.00M	511.00M	510.00M	450.00M
Interest Expense	-10.31B	-9.86B	-5.01B	-6.60B	-10.63B
Other Non Operating Income (Expenses)	1.73B	2.17B	-2.33B	0.30B	-0.97B
Merger & Restructuring Charges	-4.45B	-1.07B	-0.16B	-0.04B	—
Asset Writedown	-27.97B	-10.76B	-4.02B	-0.12B	—
D&A For EBITDA	86.62B	86.61B	83.52B	79.63B	73.87B
Profitability & Returns
Gross Profit	0.93T	0.98T	1.06T	1.33T	0.93T
Gross Margin	+55.7%	+54.5%	+56.9%	+58.8%	+61.8%
EBIT	0.74T	0.79T	0.87T	1.14T	0.77T
EBIT Margin	+44.2%	+43.6%	+47.0%	+50.5%	+51.4%
EBITDA	0.83T	0.87T	0.96T	1.22T	0.85T
EBITDA Margin	+49.4%	+48.4%	+51.5%	+54.0%	+56.3%
EBT Excluding Unusual Items	0.74T	0.79T	0.89T	1.15T	0.77T
Pretax Income	0.70T	0.78T	0.89T	1.15T	0.77T
Operating Income	0.74T	0.79T	0.87T	1.14T	0.77T
Operating Margin	+44.2%	+43.6%	+47.0%	+50.5%	+51.4%
Profit Margin	+20.8%	+21.9%	+24.4%	+26.4%	+26.3%
Net Income	348.04B	393.89B	452.75B	597.22B	395.20B
Net Income to Common	348.04B	393.89B	452.75B	597.22B	395.20B
Net Income Growth	-11.6%	-13.0%	-24.2%	+51.1%	+113.7%
Earnings From Continuing Ops.	350.21B	398.42B	454.76B	604.01B	412.40B
Minority Interest in Earnings	-2.17B	-4.53B	-2.01B	-6.79B	-17.19B
Income Tax Expense	352.65B	383.59B	433.30B	548.96B	357.13B
Effective Tax Rate	+50.2%	+49.1%	+48.8%	+47.6%	+46.4%
Per Share & Capital
EPS (Basic)	1.44	1.63	1.87	2.47	1.63
EPS (Diluted)	1.44	1.63	1.87	2.47	1.63
EPS Growth	-11.6%	-13.0%	-24.2%	+51.1%	+113.7%
Dividend Per Share	1.33	1.78	1.69	1.17	1.16
Shares Change (YoY)	-0	-0	0	0	0
Shares Outstanding (Basic)	241.88B	241.89B	241.93B	241.91B	241.89B
Shares Outstanding (Diluted)	241.88B	241.89B	241.93B	241.91B	241.89B
Dividend Growth	-24.9%	+4.8%	+44.3%	+1.5%	—
Free Cash Flow	320.35B	320.00B	379.51B	556.99B	402.96B
Free Cash Flow Margin	+19.2%	+17.8%	+20.4%	+24.6%	+26.8%
Free Cash Flow Per Share	1.32	1.32	1.57	2.30	1.67
Payout Ratio	+92.1%	+118.3%	+81.0%	+47.1%	+71.2%
Supplemental
Other Unusual Items	—	—	5.78B	3.28B	—