FIRST MILLS

First Milling Co.

2283StocksTadawulMaterials

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (SAR)

1-5

	Q1 2026Mar 31, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025
Operating Summary
Revenue	332.75M	338.74M	286.27M	237.77M	283.60M
Cost of Revenue	195.51M	206.75M	162.21M	135.05M	160.35M
Gross Profit	137.24M	132.00M	124.06M	102.72M	123.25M
SG&A	37.56M	39.34M	36.88M	38.06M	28.92M
Operating Expenses	37.60M	41.84M	35.97M	36.50M	28.58M
Operating Income	99.64M	90.16M	88.09M	66.22M	94.66M
Interest Income	4.18M	5.27M	5.68M	0.66M	7.62M
Interest Expense	-18.71M	-18.91M	-19.56M	-18.29M	-19.42M
Other Income/Expense	-1.15M	0.56M	-1.20M	4.36M	-1.16M
Pretax Income	83.96M	77.07M	73.02M	52.94M	81.71M
Income Tax	1.10M	2.03M	1.36M	1.54M	2.04M
Net Income	80.09M	74.72M	71.66M	51.41M	79.66M
EBITDA	111.40M	102.53M	99.03M	66.35M	105.70M
EBIT	99.64M	90.16M	88.09M	66.22M	94.66M
EPS (Basic)	1.45	1.32	1.30	0.93	1.44
EPS (Diluted)	1.45	1.32	1.29	0.93	1.43
Margins & Efficiency
Gross Margin %	+41.2%	+39.0%	+43.3%	+43.2%	+43.5%
EBITDA Margin %	+33.5%	+30.3%	+34.6%	+27.9%	+37.3%
Net Margin %	+24.1%	+22.1%	+25.0%	+21.6%	+28.1%
Revenue & Income
Revenue	332.75M	338.74M	286.27M	237.77M	283.60M
Revenue Growth (YoY)	+17.3%	+26.0%	+9.6%	-1.9%	+2.6%
Interest & Investment Income	4.18M	5.27M	5.68M	0.66M	7.62M
Gain (Loss) on Sale of Assets	—	—	—	—	—
Expenses & Provisions
Cost of Revenue	195.51M	206.75M	162.21M	135.05M	160.35M
Selling, General & Admin	37.56M	39.34M	36.88M	38.06M	28.92M
Operating Expenses	37.60M	41.84M	35.97M	36.50M	28.58M
Other Operating Expenses	-0.80M	2.37M	-0.80M	-1.57M	—
Interest Expense	-18.71M	-18.91M	-19.56M	-18.29M	-19.42M
Other Non Operating Income (Expenses)	-1.15M	0.56M	-1.20M	4.36M	-1.16M
D&A For EBITDA	11.76M	12.38M	10.94M	0.13M	11.04M
Profitability & Returns
Gross Profit	137.24M	132.00M	124.06M	102.72M	123.25M
Gross Margin	+41.2%	+39.0%	+43.3%	+43.2%	+43.5%
EBIT	99.64M	90.16M	88.09M	66.22M	94.66M
EBIT Margin	+29.9%	+26.6%	+30.8%	+27.9%	+33.4%
EBITDA	111.40M	102.53M	99.03M	66.35M	105.70M
EBITDA Margin	+33.5%	+30.3%	+34.6%	+27.9%	+37.3%
EBT Excluding Unusual Items	83.96M	77.07M	73.02M	52.94M	81.71M
Pretax Income	83.96M	77.07M	73.02M	52.94M	81.71M
Operating Income	99.64M	90.16M	88.09M	66.22M	94.66M
Operating Margin	+29.9%	+26.6%	+30.8%	+27.9%	+33.4%
Profit Margin	+24.1%	+22.1%	+25.0%	+21.6%	+28.1%
Net Income	80.09M	74.72M	71.66M	51.41M	79.66M
Net Income to Common	80.09M	74.72M	71.66M	51.41M	79.66M
Net Income Growth	+0.5%	+12.5%	+16.9%	+13.0%	+2.5%
Earnings From Continuing Ops.	82.86M	75.04M	71.66M	51.41M	79.66M
Minority Interest in Earnings	-2.78M	-0.32M	—	—	—
Income Tax Expense	1.10M	2.03M	1.36M	1.54M	2.04M
Effective Tax Rate	+1.3%	+2.6%	+1.9%	+2.9%	+2.5%
Per Share & Capital
EPS (Basic)	1.45	1.32	1.30	0.93	1.44
EPS (Diluted)	1.45	1.32	1.29	0.93	1.43
EPS Growth	+1.4%	+11.8%	+17.3%	+13.4%	+2.9%
Dividend Per Share	—	1.67	—	1.48	—
Shares Change (YoY)	-0	0.01	-0	-0	-0
Shares Outstanding (Basic)	55.21M	56.40M	55.20M	55.20M	55.20M
Shares Outstanding (Diluted)	55.21M	56.78M	55.43M	55.48M	55.48M
Dividend Growth	—	+29.5%	—	-4.5%	—
Free Cash Flow	64.03M	111.35M	95.91M	-61.40M	57.16M
Free Cash Flow Margin	+19.2%	+32.9%	+33.5%	-25.8%	+20.2%
Free Cash Flow Per Share	1.16	1.96	1.73	-1.11	1.03
Payout Ratio	+3.7%	—	+114.0%	+138.5%	—

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (SAR)

1-5

	Q1 2026Mar 31, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025
Operating Summary
Revenue	332.75M	338.74M	286.27M	237.77M	283.60M
Cost of Revenue	195.51M	206.75M	162.21M	135.05M	160.35M
Gross Profit	137.24M	132.00M	124.06M	102.72M	123.25M
SG&A	37.56M	39.34M	36.88M	38.06M	28.92M
Operating Expenses	37.60M	41.84M	35.97M	36.50M	28.58M
Operating Income	99.64M	90.16M	88.09M	66.22M	94.66M
Interest Income	4.18M	5.27M	5.68M	0.66M	7.62M
Interest Expense	-18.71M	-18.91M	-19.56M	-18.29M	-19.42M
Other Income/Expense	-1.15M	0.56M	-1.20M	4.36M	-1.16M
Pretax Income	83.96M	77.07M	73.02M	52.94M	81.71M
Income Tax	1.10M	2.03M	1.36M	1.54M	2.04M
Net Income	80.09M	74.72M	71.66M	51.41M	79.66M
EBITDA	111.40M	102.53M	99.03M	66.35M	105.70M
EBIT	99.64M	90.16M	88.09M	66.22M	94.66M
EPS (Basic)	1.45	1.32	1.30	0.93	1.44
EPS (Diluted)	1.45	1.32	1.29	0.93	1.43
Margins & Efficiency
Gross Margin %	+41.2%	+39.0%	+43.3%	+43.2%	+43.5%
EBITDA Margin %	+33.5%	+30.3%	+34.6%	+27.9%	+37.3%
Net Margin %	+24.1%	+22.1%	+25.0%	+21.6%	+28.1%
Revenue & Income
Revenue	332.75M	338.74M	286.27M	237.77M	283.60M
Revenue Growth (YoY)	+17.3%	+26.0%	+9.6%	-1.9%	+2.6%
Interest & Investment Income	4.18M	5.27M	5.68M	0.66M	7.62M
Gain (Loss) on Sale of Assets	—	—	—	—	—
Expenses & Provisions
Cost of Revenue	195.51M	206.75M	162.21M	135.05M	160.35M
Selling, General & Admin	37.56M	39.34M	36.88M	38.06M	28.92M
Operating Expenses	37.60M	41.84M	35.97M	36.50M	28.58M
Other Operating Expenses	-0.80M	2.37M	-0.80M	-1.57M	—
Interest Expense	-18.71M	-18.91M	-19.56M	-18.29M	-19.42M
Other Non Operating Income (Expenses)	-1.15M	0.56M	-1.20M	4.36M	-1.16M
D&A For EBITDA	11.76M	12.38M	10.94M	0.13M	11.04M
Profitability & Returns
Gross Profit	137.24M	132.00M	124.06M	102.72M	123.25M
Gross Margin	+41.2%	+39.0%	+43.3%	+43.2%	+43.5%
EBIT	99.64M	90.16M	88.09M	66.22M	94.66M
EBIT Margin	+29.9%	+26.6%	+30.8%	+27.9%	+33.4%
EBITDA	111.40M	102.53M	99.03M	66.35M	105.70M
EBITDA Margin	+33.5%	+30.3%	+34.6%	+27.9%	+37.3%
EBT Excluding Unusual Items	83.96M	77.07M	73.02M	52.94M	81.71M
Pretax Income	83.96M	77.07M	73.02M	52.94M	81.71M
Operating Income	99.64M	90.16M	88.09M	66.22M	94.66M
Operating Margin	+29.9%	+26.6%	+30.8%	+27.9%	+33.4%
Profit Margin	+24.1%	+22.1%	+25.0%	+21.6%	+28.1%
Net Income	80.09M	74.72M	71.66M	51.41M	79.66M
Net Income to Common	80.09M	74.72M	71.66M	51.41M	79.66M
Net Income Growth	+0.5%	+12.5%	+16.9%	+13.0%	+2.5%
Earnings From Continuing Ops.	82.86M	75.04M	71.66M	51.41M	79.66M
Minority Interest in Earnings	-2.78M	-0.32M	—	—	—
Income Tax Expense	1.10M	2.03M	1.36M	1.54M	2.04M
Effective Tax Rate	+1.3%	+2.6%	+1.9%	+2.9%	+2.5%
Per Share & Capital
EPS (Basic)	1.45	1.32	1.30	0.93	1.44
EPS (Diluted)	1.45	1.32	1.29	0.93	1.43
EPS Growth	+1.4%	+11.8%	+17.3%	+13.4%	+2.9%
Dividend Per Share	—	1.67	—	1.48	—
Shares Change (YoY)	-0	0.01	-0	-0	-0
Shares Outstanding (Basic)	55.21M	56.40M	55.20M	55.20M	55.20M
Shares Outstanding (Diluted)	55.21M	56.78M	55.43M	55.48M	55.48M
Dividend Growth	—	+29.5%	—	-4.5%	—
Free Cash Flow	64.03M	111.35M	95.91M	-61.40M	57.16M
Free Cash Flow Margin	+19.2%	+32.9%	+33.5%	-25.8%	+20.2%
Free Cash Flow Per Share	1.16	1.96	1.73	-1.11	1.03
Payout Ratio	+3.7%	—	+114.0%	+138.5%	—