Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual (SAR)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	8.46B	8.73B	8.17B	11.16B	12.66B
Cost of Revenue	9.35B	9.34B	8.93B	11.25B	9.10B
Gross Profit	-0.89B	-0.62B	-0.76B	-0.10B	3.56B
SG&A	843.81M	768.24M	655.61M	762.59M	747.22M
Operating Expenses	889.11M	758.28M	641.70M	758.67M	767.57M
Operating Income	-1.78B	-1.38B	-1.40B	-0.86B	2.79B
Interest Income	6.95M	27.15M	23.26M	22.58M	6.01M
Interest Expense	-605.68M	-663.17M	-674.56M	-357.78M	-253.45M
Other Income/Expense	-0.94M	-1.20M	-0.66M	-1.70M	-5.02M
Pretax Income	-2.29B	-1.81B	-2.13B	-1.22B	2.52B
Income Tax	8.14M	-3.40M	6.75M	26.31M	124.46M
Net Income	-2.29B	-1.80B	-2.14B	-1.24B	2.39B
EBITDA	0.55B	1.03B	1.01B	1.49B	5.14B
EBIT	-1.78B	-1.38B	-1.40B	-0.86B	2.79B
EPS (Basic)	-1.53	-1.20	-1.42	-0.83	1.59
EPS (Diluted)	-1.53	-1.20	-1.42	-0.83	1.59
Margins & Efficiency
Gross Margin %	-10.6%	-7.1%	-9.3%	-0.9%	+28.1%
EBITDA Margin %	+6.5%	+11.8%	+12.3%	+13.3%	+40.6%
Net Margin %	-27.1%	-20.7%	-26.1%	-11.1%	+18.9%
Revenue & Income
Revenue	8.46B	8.73B	8.17B	11.16B	12.66B
Revenue Growth (YoY)	-3.1%	+6.8%	-26.8%	-11.8%	+58.1%
Interest & Investment Income	6.95M	27.15M	23.26M	22.58M	6.01M
Currency Exchange Gain (Loss)	8.03M	—	-1.44M	-0.19M	-0.23M
Expenses & Provisions
Cost of Revenue	9.35B	9.34B	8.93B	11.25B	9.10B
Selling, General & Admin	843.81M	768.24M	655.61M	762.59M	747.22M
Operating Expenses	889.11M	758.28M	641.70M	758.67M	767.57M
Other Operating Expenses	45.30M	-9.96M	-13.92M	-3.93M	20.35M
Interest Expense	-605.68M	-663.17M	-674.56M	-357.78M	-253.45M
Other Non Operating Income (Expenses)	-0.94M	-1.20M	-0.66M	-1.70M	-5.02M
Asset Writedown	-18.53M	-45.80M	-5.16M	-24.97M	-22.33M
D&A For EBITDA	2.34B	2.41B	2.41B	2.34B	2.35B
Profitability & Returns
Gross Profit	-0.89B	-0.62B	-0.76B	-0.10B	3.56B
Gross Margin	-10.6%	-7.1%	-9.3%	-0.9%	+28.1%
EBIT	-1.78B	-1.38B	-1.40B	-0.86B	2.79B
EBIT Margin	-21.1%	-15.8%	-17.1%	-7.7%	+22.0%
EBITDA	0.55B	1.03B	1.01B	1.49B	5.14B
EBITDA Margin	+6.5%	+11.8%	+12.3%	+13.3%	+40.6%
EBT Excluding Unusual Items	-2.37B	-2.01B	-2.05B	-1.19B	2.54B
Pretax Income	-2.29B	-1.81B	-2.13B	-1.22B	2.52B
Operating Income	-1.78B	-1.38B	-1.40B	-0.86B	2.79B
Operating Margin	-21.1%	-15.8%	-17.1%	-7.7%	+22.0%
Profit Margin	-27.1%	-20.7%	-26.1%	-11.1%	+18.9%
Net Income	-2.29B	-1.80B	-2.14B	-1.24B	2.39B
Net Income to Common	-2.29B	-1.80B	-2.14B	-1.24B	2.39B
Income Tax Expense	8.14M	-3.40M	6.75M	26.31M	124.46M
Effective Tax Rate	—	—	—	—	+4.9%
Per Share & Capital
EPS (Basic)	-1.53	-1.20	-1.42	-0.83	1.59
EPS (Diluted)	-1.53	-1.20	-1.42	-0.83	1.59
Shares Outstanding (Basic)	1.50B	1.50B	1.50B	1.50B	1.50B
Shares Outstanding (Diluted)	1.50B	1.50B	1.50B	1.50B	1.50B
Free Cash Flow	-0.95B	1.42B	0.10B	2.83B	3.41B
Free Cash Flow Margin	-11.2%	+16.3%	+1.3%	+25.3%	+26.9%
Free Cash Flow Per Share	-0.63	0.95	0.07	1.88	2.27
Supplemental
Other Unusual Items	—	0.08M	-70.72M	—	—

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	8.46B	8.73B	8.17B	11.16B	12.66B
Cost of Revenue	9.35B	9.34B	8.93B	11.25B	9.10B
Gross Profit	-0.89B	-0.62B	-0.76B	-0.10B	3.56B
SG&A	843.81M	768.24M	655.61M	762.59M	747.22M
Operating Expenses	889.11M	758.28M	641.70M	758.67M	767.57M
Operating Income	-1.78B	-1.38B	-1.40B	-0.86B	2.79B
Interest Income	6.95M	27.15M	23.26M	22.58M	6.01M
Interest Expense	-605.68M	-663.17M	-674.56M	-357.78M	-253.45M
Other Income/Expense	-0.94M	-1.20M	-0.66M	-1.70M	-5.02M
Pretax Income	-2.29B	-1.81B	-2.13B	-1.22B	2.52B
Income Tax	8.14M	-3.40M	6.75M	26.31M	124.46M
Net Income	-2.29B	-1.80B	-2.14B	-1.24B	2.39B
EBITDA	0.55B	1.03B	1.01B	1.49B	5.14B
EBIT	-1.78B	-1.38B	-1.40B	-0.86B	2.79B
EPS (Basic)	-1.53	-1.20	-1.42	-0.83	1.59
EPS (Diluted)	-1.53	-1.20	-1.42	-0.83	1.59
Margins & Efficiency
Gross Margin %	-10.6%	-7.1%	-9.3%	-0.9%	+28.1%
EBITDA Margin %	+6.5%	+11.8%	+12.3%	+13.3%	+40.6%
Net Margin %	-27.1%	-20.7%	-26.1%	-11.1%	+18.9%
Revenue & Income
Revenue	8.46B	8.73B	8.17B	11.16B	12.66B
Revenue Growth (YoY)	-3.1%	+6.8%	-26.8%	-11.8%	+58.1%
Interest & Investment Income	6.95M	27.15M	23.26M	22.58M	6.01M
Currency Exchange Gain (Loss)	8.03M	—	-1.44M	-0.19M	-0.23M
Expenses & Provisions
Cost of Revenue	9.35B	9.34B	8.93B	11.25B	9.10B
Selling, General & Admin	843.81M	768.24M	655.61M	762.59M	747.22M
Operating Expenses	889.11M	758.28M	641.70M	758.67M	767.57M
Other Operating Expenses	45.30M	-9.96M	-13.92M	-3.93M	20.35M
Interest Expense	-605.68M	-663.17M	-674.56M	-357.78M	-253.45M
Other Non Operating Income (Expenses)	-0.94M	-1.20M	-0.66M	-1.70M	-5.02M
Asset Writedown	-18.53M	-45.80M	-5.16M	-24.97M	-22.33M
D&A For EBITDA	2.34B	2.41B	2.41B	2.34B	2.35B
Profitability & Returns
Gross Profit	-0.89B	-0.62B	-0.76B	-0.10B	3.56B
Gross Margin	-10.6%	-7.1%	-9.3%	-0.9%	+28.1%
EBIT	-1.78B	-1.38B	-1.40B	-0.86B	2.79B
EBIT Margin	-21.1%	-15.8%	-17.1%	-7.7%	+22.0%
EBITDA	0.55B	1.03B	1.01B	1.49B	5.14B
EBITDA Margin	+6.5%	+11.8%	+12.3%	+13.3%	+40.6%
EBT Excluding Unusual Items	-2.37B	-2.01B	-2.05B	-1.19B	2.54B
Pretax Income	-2.29B	-1.81B	-2.13B	-1.22B	2.52B
Operating Income	-1.78B	-1.38B	-1.40B	-0.86B	2.79B
Operating Margin	-21.1%	-15.8%	-17.1%	-7.7%	+22.0%
Profit Margin	-27.1%	-20.7%	-26.1%	-11.1%	+18.9%
Net Income	-2.29B	-1.80B	-2.14B	-1.24B	2.39B
Net Income to Common	-2.29B	-1.80B	-2.14B	-1.24B	2.39B
Income Tax Expense	8.14M	-3.40M	6.75M	26.31M	124.46M
Effective Tax Rate	—	—	—	—	+4.9%
Per Share & Capital
EPS (Basic)	-1.53	-1.20	-1.42	-0.83	1.59
EPS (Diluted)	-1.53	-1.20	-1.42	-0.83	1.59
Shares Outstanding (Basic)	1.50B	1.50B	1.50B	1.50B	1.50B
Shares Outstanding (Diluted)	1.50B	1.50B	1.50B	1.50B	1.50B
Free Cash Flow	-0.95B	1.42B	0.10B	2.83B	3.41B
Free Cash Flow Margin	-11.2%	+16.3%	+1.3%	+25.3%	+26.9%
Free Cash Flow Per Share	-0.63	0.95	0.07	1.88	2.27
Supplemental
Other Unusual Items	—	0.08M	-70.72M	—	—

Financials

Annual (SAR)

SAUDI KAYAN

Annual (SAR)