SPM

Saudi Paper Manufacturing Co.

2300StocksTadawulMaterials

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021	2020Dec 31, 2020
Operating Summary
Revenue	837.24M	811.08M	691.86M	588.80M	532.09M
Cost of Revenue	576.07M	564.24M	521.08M	453.28M	384.50M
Gross Profit	261.18M	246.85M	170.78M	135.52M	147.59M
SG&A	146.03M	132.29M	114.56M	96.00M	88.21M
Operating Expenses	151.17M	131.45M	124.15M	97.90M	85.36M
Operating Income	110.01M	115.40M	46.64M	37.62M	62.23M
Interest Income	101.11K	76.76K	375.89K	—	—
Interest Expense	-34.42M	-37.20M	-24.73M	-20.49M	-24.29M
Other Income/Expense	5.97M	-0.06M	0.06M	-0.70M	-20.63M
Pretax Income	86.60M	81.85M	48.80M	33.76M	19.71M
Income Tax	2.61M	8.35M	1.78M	2.99M	4.05M
Net Income	83.24M	72.94M	46.89M	30.28M	15.10M
EBITDA	162.55M	168.55M	95.46M	87.81M	114.03M
EBIT	110.01M	115.40M	46.64M	37.62M	62.23M
EPS (Basic)	2.25	1.97	1.47	1.00	0.84
EPS (Diluted)	2.25	1.97	1.47	1.00	0.84
DPS	0.75	0.45	—	—	—
Margins & Efficiency
Gross Margin %	+31.2%	+30.4%	+24.7%	+23.0%	+27.7%
EBITDA Margin %	+19.4%	+20.8%	+13.8%	+14.9%	+21.4%
Net Margin %	+9.9%	+9.0%	+6.8%	+5.1%	+2.8%
Revenue & Income
Revenue	837.24M	811.08M	691.86M	588.80M	532.09M
Revenue Growth (YoY)	+3.2%	+17.2%	+17.5%	+10.7%	+0.9%
Interest & Investment Income	101.11K	76.76K	375.89K	—	—
Earnings From Equity Investments	1.61M	3.37M	3.21M	3.28M	3.62M
Gain (Loss) on Sale of Assets	-0.97M	0.26M	18.97M	0.16M	0.36M
Gain (Loss) on Sale of Investments	—	—	—	-1.48M	—
Currency Exchange Gain (Loss)	4.29M	—	—	—	—
Expenses & Provisions
Cost of Revenue	576.07M	564.24M	521.08M	453.28M	384.50M
Selling, General & Admin	146.03M	132.29M	114.56M	96.00M	88.21M
Operating Expenses	151.17M	131.45M	124.15M	97.90M	85.36M
Other Operating Expenses	—	-1.29M	1.04M	0.93M	—
Interest Expense	-34.42M	-37.20M	-24.73M	-20.49M	-24.29M
Other Non Operating Income (Expenses)	5.97M	-0.06M	0.06M	-0.70M	-20.63M
Legal Settlements	—	—	—	17.30M	—
Asset Writedown	—	—	4.28M	-1.92M	-1.58M
D&A For EBITDA	52.54M	53.15M	48.83M	50.19M	51.80M
Profitability & Returns
Gross Profit	261.18M	246.85M	170.78M	135.52M	147.59M
Gross Margin	+31.2%	+30.4%	+24.7%	+23.0%	+27.7%
EBIT	110.01M	115.40M	46.64M	37.62M	62.23M
EBIT Margin	+13.1%	+14.2%	+6.7%	+6.4%	+11.7%
EBITDA	162.55M	168.55M	95.46M	87.81M	114.03M
EBITDA Margin	+19.4%	+20.8%	+13.8%	+14.9%	+21.4%
EBT Excluding Unusual Items	87.57M	81.59M	25.55M	19.70M	20.92M
Pretax Income	86.60M	81.85M	48.80M	33.76M	19.71M
Operating Income	110.01M	115.40M	46.64M	37.62M	62.23M
Operating Margin	+13.1%	+14.2%	+6.7%	+6.4%	+11.7%
Profit Margin	+9.9%	+9.0%	+6.8%	+5.1%	+2.8%
Net Income	83.24M	72.94M	46.89M	30.28M	15.10M
Net Income to Common	83.24M	72.94M	46.89M	30.28M	15.10M
Net Income to Company	83.99M	73.50M	47.02M	30.78M	15.66M
Net Income Growth	+14.1%	+55.5%	+54.9%	+100.5%	—
Earnings From Continuing Ops.	83.99M	73.50M	47.02M	30.78M	15.66M
Minority Interest in Earnings	-749.19K	-567.40K	-126.88K	-500.43K	-558.18K
Income Tax Expense	2.61M	8.35M	1.78M	2.99M	4.05M
Effective Tax Rate	+3.0%	+10.2%	+3.6%	+8.8%	+20.6%
Per Share & Capital
EPS (Basic)	2.25	1.97	1.47	1.00	0.84
EPS (Diluted)	2.25	1.97	1.47	1.00	0.84
EPS Growth	+14.1%	+33.9%	+47.6%	+18.5%	—
Dividend Per Share	0.75	0.45	—	—	—
Shares Change (YoY)	—	0.16	0.05	0.69	0.77
Shares Outstanding (Basic)	36.95M	36.95M	31.82M	30.31M	17.92M
Shares Outstanding (Diluted)	36.95M	36.95M	31.82M	30.31M	17.92M
Dividend Growth	+65.0%	—	—	—	—
Free Cash Flow	-41.29M	3.73M	10.95M	-19.19M	73.76M
Free Cash Flow Margin	-4.9%	+0.5%	+1.6%	-3.3%	+13.9%
Free Cash Flow Per Share	-1.12	0.10	0.34	-0.63	4.12
Payout Ratio	+53.5%	—	—	—	—

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021	2020Dec 31, 2020
Operating Summary
Revenue	837.24M	811.08M	691.86M	588.80M	532.09M
Cost of Revenue	576.07M	564.24M	521.08M	453.28M	384.50M
Gross Profit	261.18M	246.85M	170.78M	135.52M	147.59M
SG&A	146.03M	132.29M	114.56M	96.00M	88.21M
Operating Expenses	151.17M	131.45M	124.15M	97.90M	85.36M
Operating Income	110.01M	115.40M	46.64M	37.62M	62.23M
Interest Income	101.11K	76.76K	375.89K	—	—
Interest Expense	-34.42M	-37.20M	-24.73M	-20.49M	-24.29M
Other Income/Expense	5.97M	-0.06M	0.06M	-0.70M	-20.63M
Pretax Income	86.60M	81.85M	48.80M	33.76M	19.71M
Income Tax	2.61M	8.35M	1.78M	2.99M	4.05M
Net Income	83.24M	72.94M	46.89M	30.28M	15.10M
EBITDA	162.55M	168.55M	95.46M	87.81M	114.03M
EBIT	110.01M	115.40M	46.64M	37.62M	62.23M
EPS (Basic)	2.25	1.97	1.47	1.00	0.84
EPS (Diluted)	2.25	1.97	1.47	1.00	0.84
DPS	0.75	0.45	—	—	—
Margins & Efficiency
Gross Margin %	+31.2%	+30.4%	+24.7%	+23.0%	+27.7%
EBITDA Margin %	+19.4%	+20.8%	+13.8%	+14.9%	+21.4%
Net Margin %	+9.9%	+9.0%	+6.8%	+5.1%	+2.8%
Revenue & Income
Revenue	837.24M	811.08M	691.86M	588.80M	532.09M
Revenue Growth (YoY)	+3.2%	+17.2%	+17.5%	+10.7%	+0.9%
Interest & Investment Income	101.11K	76.76K	375.89K	—	—
Earnings From Equity Investments	1.61M	3.37M	3.21M	3.28M	3.62M
Gain (Loss) on Sale of Assets	-0.97M	0.26M	18.97M	0.16M	0.36M
Gain (Loss) on Sale of Investments	—	—	—	-1.48M	—
Currency Exchange Gain (Loss)	4.29M	—	—	—	—
Expenses & Provisions
Cost of Revenue	576.07M	564.24M	521.08M	453.28M	384.50M
Selling, General & Admin	146.03M	132.29M	114.56M	96.00M	88.21M
Operating Expenses	151.17M	131.45M	124.15M	97.90M	85.36M
Other Operating Expenses	—	-1.29M	1.04M	0.93M	—
Interest Expense	-34.42M	-37.20M	-24.73M	-20.49M	-24.29M
Other Non Operating Income (Expenses)	5.97M	-0.06M	0.06M	-0.70M	-20.63M
Legal Settlements	—	—	—	17.30M	—
Asset Writedown	—	—	4.28M	-1.92M	-1.58M
D&A For EBITDA	52.54M	53.15M	48.83M	50.19M	51.80M
Profitability & Returns
Gross Profit	261.18M	246.85M	170.78M	135.52M	147.59M
Gross Margin	+31.2%	+30.4%	+24.7%	+23.0%	+27.7%
EBIT	110.01M	115.40M	46.64M	37.62M	62.23M
EBIT Margin	+13.1%	+14.2%	+6.7%	+6.4%	+11.7%
EBITDA	162.55M	168.55M	95.46M	87.81M	114.03M
EBITDA Margin	+19.4%	+20.8%	+13.8%	+14.9%	+21.4%
EBT Excluding Unusual Items	87.57M	81.59M	25.55M	19.70M	20.92M
Pretax Income	86.60M	81.85M	48.80M	33.76M	19.71M
Operating Income	110.01M	115.40M	46.64M	37.62M	62.23M
Operating Margin	+13.1%	+14.2%	+6.7%	+6.4%	+11.7%
Profit Margin	+9.9%	+9.0%	+6.8%	+5.1%	+2.8%
Net Income	83.24M	72.94M	46.89M	30.28M	15.10M
Net Income to Common	83.24M	72.94M	46.89M	30.28M	15.10M
Net Income to Company	83.99M	73.50M	47.02M	30.78M	15.66M
Net Income Growth	+14.1%	+55.5%	+54.9%	+100.5%	—
Earnings From Continuing Ops.	83.99M	73.50M	47.02M	30.78M	15.66M
Minority Interest in Earnings	-749.19K	-567.40K	-126.88K	-500.43K	-558.18K
Income Tax Expense	2.61M	8.35M	1.78M	2.99M	4.05M
Effective Tax Rate	+3.0%	+10.2%	+3.6%	+8.8%	+20.6%
Per Share & Capital
EPS (Basic)	2.25	1.97	1.47	1.00	0.84
EPS (Diluted)	2.25	1.97	1.47	1.00	0.84
EPS Growth	+14.1%	+33.9%	+47.6%	+18.5%	—
Dividend Per Share	0.75	0.45	—	—	—
Shares Change (YoY)	—	0.16	0.05	0.69	0.77
Shares Outstanding (Basic)	36.95M	36.95M	31.82M	30.31M	17.92M
Shares Outstanding (Diluted)	36.95M	36.95M	31.82M	30.31M	17.92M
Dividend Growth	+65.0%	—	—	—	—
Free Cash Flow	-41.29M	3.73M	10.95M	-19.19M	73.76M
Free Cash Flow Margin	-4.9%	+0.5%	+1.6%	-3.3%	+13.9%
Free Cash Flow Per Share	-1.12	0.10	0.34	-0.63	4.12
Payout Ratio	+53.5%	—	—	—	—