NAQI

Naqi Water Company

2282StocksTadawulConsumer Staples

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	186.95M	219.34M	238.82M	284.29M	277.82M
Cost of Revenue	119.89M	142.74M	153.93M	194.44M	165.31M
Gross Profit	67.06M	76.60M	84.90M	89.85M	112.51M
SG&A	56.37M	49.98M	42.04M	34.89M	34.24M
Operating Expenses	59.55M	51.18M	42.00M	34.18M	33.32M
Operating Income	7.51M	25.42M	42.90M	55.68M	79.19M
Interest Income	2.01M	0.21M	—	—	—
Interest Expense	-0.30M	-0.70M	-0.86M	-0.74M	-1.19M
Other Income/Expense	2.04M	4.17M	4.01M	-3.23M	—
Pretax Income	-0.32M	33.14M	45.98M	51.86M	78.51M
Income Tax	2.37M	2.96M	3.03M	3.15M	1.23M
Net Income	-2.69M	30.18M	42.95M	48.71M	77.28M
EBITDA	28.45M	48.83M	65.62M	77.16M	97.33M
EBIT	7.51M	25.42M	42.90M	55.68M	79.19M
EPS (Basic)	-0.13	1.51	2.15	2.44	3.86
EPS (Diluted)	-0.13	1.51	2.15	2.44	3.86
DPS	—	—	0.50	2.00	—
Margins & Efficiency
Gross Margin %	+35.9%	+34.9%	+35.5%	+31.6%	+40.5%
EBITDA Margin %	+15.2%	+22.3%	+27.5%	+27.1%	+35.0%
Net Margin %	-1.4%	+13.8%	+18.0%	+17.1%	+27.8%
Revenue & Income
Revenue	186.95M	219.34M	238.82M	284.29M	277.82M
Revenue Growth (YoY)	-14.8%	-8.2%	-16.0%	+2.3%	+5.0%
Interest & Investment Income	2.01M	0.21M	—	—	—
Gain (Loss) on Sale of Assets	0.80M	3.70M	-0.07M	—	—
Gain (Loss) on Sale of Investments	-13.70M	0.43M	—	—	—
Currency Exchange Gain (Loss)	1.32M	-0.10M	—	—	—
Expenses & Provisions
Advertising Expenses	1.78M	2.66M	1.60M	1.32M	1.92M
Cost of Revenue	119.89M	142.74M	153.93M	194.44M	165.31M
Selling, General & Admin	56.37M	49.98M	42.04M	34.89M	34.24M
Operating Expenses	59.55M	51.18M	42.00M	34.18M	33.32M
Other Operating Expenses	-0.54M	-0.08M	-0.63M	-1.60M	-0.92M
Interest Expense	-0.30M	-0.70M	-0.86M	-0.74M	-1.19M
Other Non Operating Income (Expenses)	2.04M	4.17M	4.01M	-3.23M	—
D&A For EBITDA	20.94M	23.41M	22.73M	21.48M	18.14M
Profitability & Returns
Gross Profit	67.06M	76.60M	84.90M	89.85M	112.51M
Gross Margin	+35.9%	+34.9%	+35.5%	+31.6%	+40.5%
EBIT	7.51M	25.42M	42.90M	55.68M	79.19M
EBIT Margin	+4.0%	+11.6%	+18.0%	+19.6%	+28.5%
EBITDA	28.45M	48.83M	65.62M	77.16M	97.33M
EBITDA Margin	+15.2%	+22.3%	+27.5%	+27.1%	+35.0%
EBT Excluding Unusual Items	12.58M	29.01M	46.05M	51.70M	77.99M
Pretax Income	-0.32M	33.14M	45.98M	51.86M	78.51M
Operating Income	7.51M	25.42M	42.90M	55.68M	79.19M
Operating Margin	+4.0%	+11.6%	+18.0%	+19.6%	+28.5%
Profit Margin	-1.4%	+13.8%	+18.0%	+17.1%	+27.8%
Net Income	-2.69M	30.18M	42.95M	48.71M	77.28M
Net Income to Common	-2.69M	30.18M	42.95M	48.71M	77.28M
Net Income Growth	—	-29.7%	-11.8%	-37.0%	-0.9%
Income Tax Expense	2.37M	2.96M	3.03M	3.15M	1.23M
Effective Tax Rate	—	+8.9%	+6.6%	+6.1%	+1.6%
Per Share & Capital
EPS (Basic)	-0.13	1.51	2.15	2.44	3.86
EPS (Diluted)	-0.13	1.51	2.15	2.44	3.86
EPS Growth	—	-29.7%	-11.8%	-37.0%	-0.9%
Dividend Per Share	—	—	0.50	2.00	—
Shares Change (YoY)	—	—	—	—	—
Shares Outstanding (Basic)	20.00M	20.00M	20.00M	20.00M	20.00M
Shares Outstanding (Diluted)	20.00M	20.00M	20.00M	20.00M	20.00M
Dividend Growth	—	—	-75.0%	—	—
Free Cash Flow	3.97M	11.31M	47.71M	65.71M	47.65M
Free Cash Flow Margin	+2.1%	+5.2%	+20.0%	+23.1%	+17.2%
Free Cash Flow Per Share	0.20	0.57	2.39	3.29	2.38
Payout Ratio	—	+33.1%	+93.1%	+20.5%	+44.0%
Supplemental
Other Unusual Items	—	—	—	155.23K	513.00K

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	186.95M	219.34M	238.82M	284.29M	277.82M
Cost of Revenue	119.89M	142.74M	153.93M	194.44M	165.31M
Gross Profit	67.06M	76.60M	84.90M	89.85M	112.51M
SG&A	56.37M	49.98M	42.04M	34.89M	34.24M
Operating Expenses	59.55M	51.18M	42.00M	34.18M	33.32M
Operating Income	7.51M	25.42M	42.90M	55.68M	79.19M
Interest Income	2.01M	0.21M	—	—	—
Interest Expense	-0.30M	-0.70M	-0.86M	-0.74M	-1.19M
Other Income/Expense	2.04M	4.17M	4.01M	-3.23M	—
Pretax Income	-0.32M	33.14M	45.98M	51.86M	78.51M
Income Tax	2.37M	2.96M	3.03M	3.15M	1.23M
Net Income	-2.69M	30.18M	42.95M	48.71M	77.28M
EBITDA	28.45M	48.83M	65.62M	77.16M	97.33M
EBIT	7.51M	25.42M	42.90M	55.68M	79.19M
EPS (Basic)	-0.13	1.51	2.15	2.44	3.86
EPS (Diluted)	-0.13	1.51	2.15	2.44	3.86
DPS	—	—	0.50	2.00	—
Margins & Efficiency
Gross Margin %	+35.9%	+34.9%	+35.5%	+31.6%	+40.5%
EBITDA Margin %	+15.2%	+22.3%	+27.5%	+27.1%	+35.0%
Net Margin %	-1.4%	+13.8%	+18.0%	+17.1%	+27.8%
Revenue & Income
Revenue	186.95M	219.34M	238.82M	284.29M	277.82M
Revenue Growth (YoY)	-14.8%	-8.2%	-16.0%	+2.3%	+5.0%
Interest & Investment Income	2.01M	0.21M	—	—	—
Gain (Loss) on Sale of Assets	0.80M	3.70M	-0.07M	—	—
Gain (Loss) on Sale of Investments	-13.70M	0.43M	—	—	—
Currency Exchange Gain (Loss)	1.32M	-0.10M	—	—	—
Expenses & Provisions
Advertising Expenses	1.78M	2.66M	1.60M	1.32M	1.92M
Cost of Revenue	119.89M	142.74M	153.93M	194.44M	165.31M
Selling, General & Admin	56.37M	49.98M	42.04M	34.89M	34.24M
Operating Expenses	59.55M	51.18M	42.00M	34.18M	33.32M
Other Operating Expenses	-0.54M	-0.08M	-0.63M	-1.60M	-0.92M
Interest Expense	-0.30M	-0.70M	-0.86M	-0.74M	-1.19M
Other Non Operating Income (Expenses)	2.04M	4.17M	4.01M	-3.23M	—
D&A For EBITDA	20.94M	23.41M	22.73M	21.48M	18.14M
Profitability & Returns
Gross Profit	67.06M	76.60M	84.90M	89.85M	112.51M
Gross Margin	+35.9%	+34.9%	+35.5%	+31.6%	+40.5%
EBIT	7.51M	25.42M	42.90M	55.68M	79.19M
EBIT Margin	+4.0%	+11.6%	+18.0%	+19.6%	+28.5%
EBITDA	28.45M	48.83M	65.62M	77.16M	97.33M
EBITDA Margin	+15.2%	+22.3%	+27.5%	+27.1%	+35.0%
EBT Excluding Unusual Items	12.58M	29.01M	46.05M	51.70M	77.99M
Pretax Income	-0.32M	33.14M	45.98M	51.86M	78.51M
Operating Income	7.51M	25.42M	42.90M	55.68M	79.19M
Operating Margin	+4.0%	+11.6%	+18.0%	+19.6%	+28.5%
Profit Margin	-1.4%	+13.8%	+18.0%	+17.1%	+27.8%
Net Income	-2.69M	30.18M	42.95M	48.71M	77.28M
Net Income to Common	-2.69M	30.18M	42.95M	48.71M	77.28M
Net Income Growth	—	-29.7%	-11.8%	-37.0%	-0.9%
Income Tax Expense	2.37M	2.96M	3.03M	3.15M	1.23M
Effective Tax Rate	—	+8.9%	+6.6%	+6.1%	+1.6%
Per Share & Capital
EPS (Basic)	-0.13	1.51	2.15	2.44	3.86
EPS (Diluted)	-0.13	1.51	2.15	2.44	3.86
EPS Growth	—	-29.7%	-11.8%	-37.0%	-0.9%
Dividend Per Share	—	—	0.50	2.00	—
Shares Change (YoY)	—	—	—	—	—
Shares Outstanding (Basic)	20.00M	20.00M	20.00M	20.00M	20.00M
Shares Outstanding (Diluted)	20.00M	20.00M	20.00M	20.00M	20.00M
Dividend Growth	—	—	-75.0%	—	—
Free Cash Flow	3.97M	11.31M	47.71M	65.71M	47.65M
Free Cash Flow Margin	+2.1%	+5.2%	+20.0%	+23.1%	+17.2%
Free Cash Flow Per Share	0.20	0.57	2.39	3.29	2.38
Payout Ratio	—	+33.1%	+93.1%	+20.5%	+44.0%
Supplemental
Other Unusual Items	—	—	—	155.23K	513.00K