ARABIAN DRILLING

Arabian Drilling Co.

2381StocksTadawulEnergy

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	3.43B	3.62B	3.48B	2.70B	2.20B
Cost of Revenue	3.06B	2.86B	2.50B	1.90B	1.72B
Gross Profit	374.07M	759.90M	975.90M	801.44M	475.62M
SG&A	204.97M	194.81M	170.83M	179.60M	112.07M
Operating Expenses	205.77M	194.37M	174.67M	182.35M	112.23M
Operating Income	168.30M	565.53M	801.23M	619.09M	363.39M
Interest Income	3.72M	21.61M	47.60M	27.53M	1.34M
Interest Expense	-218.36M	-228.41M	-156.76M	-91.31M	-26.76M
Other Income/Expense	-1.45M	-0.72M	-4.12M	-3.01M	-11.23M
Pretax Income	-47.79M	358.02M	687.95M	552.30M	326.75M
Income Tax	27.46M	36.65M	83.33M	-5.42M	53.16M
Net Income	-75.25M	321.36M	604.61M	557.72M	273.58M
EBITDA	1.06B	1.34B	1.42B	1.14B	0.91B
EBIT	168.30M	565.53M	801.23M	619.09M	363.39M
EPS (Basic)	-0.85	3.61	6.79	6.85	3.42
EPS (Diluted)	-0.85	3.61	6.79	6.85	3.42
DPS	—	2.70	5.06	—	16.58
Margins & Efficiency
Gross Margin %	+10.9%	+21.0%	+28.1%	+29.6%	+21.6%
EBITDA Margin %	+30.9%	+36.9%	+40.8%	+42.0%	+41.3%
Net Margin %	-2.2%	+8.9%	+17.4%	+20.6%	+12.4%
Revenue & Income
Revenue	3.43B	3.62B	3.48B	2.70B	2.20B
Revenue Growth (YoY)	-5.1%	+4.1%	+28.6%	+22.9%	-13.2%
Interest & Investment Income	3.72M	21.61M	47.60M	27.53M	1.34M
Expenses & Provisions
Cost of Revenue	3.06B	2.86B	2.50B	1.90B	1.72B
Selling, General & Admin	204.97M	194.81M	170.83M	179.60M	112.07M
Operating Expenses	205.77M	194.37M	174.67M	182.35M	112.23M
Other Operating Expenses	-18.83M	-11.48M	-7.07M	2.70M	0.16M
Interest Expense	-218.36M	-228.41M	-156.76M	-91.31M	-26.76M
Other Non Operating Income (Expenses)	-1.45M	-0.72M	-4.12M	-3.01M	-11.23M
Amortization of Goodwill & Intangibles	11.53M	—	—	—	—
D&A For EBITDA	891.72M	770.88M	617.54M	516.51M	544.82M
Profitability & Returns
Gross Profit	374.07M	759.90M	975.90M	801.44M	475.62M
Gross Margin	+10.9%	+21.0%	+28.1%	+29.6%	+21.6%
EBIT	168.30M	565.53M	801.23M	619.09M	363.39M
EBIT Margin	+4.9%	+15.6%	+23.0%	+22.9%	+16.5%
EBITDA	1.06B	1.34B	1.42B	1.14B	0.91B
EBITDA Margin	+30.9%	+36.9%	+40.8%	+42.0%	+41.3%
EBT Excluding Unusual Items	-47.79M	358.02M	687.95M	552.30M	326.75M
Pretax Income	-47.79M	358.02M	687.95M	552.30M	326.75M
Operating Income	168.30M	565.53M	801.23M	619.09M	363.39M
Operating Margin	+4.9%	+15.6%	+23.0%	+22.9%	+16.5%
Profit Margin	-2.2%	+8.9%	+17.4%	+20.6%	+12.4%
Net Income	-75.25M	321.36M	604.61M	557.72M	273.58M
Net Income to Common	-75.25M	321.36M	604.61M	557.72M	273.58M
Net Income Growth	—	-46.8%	+8.4%	+103.9%	-7.0%
Income Tax Expense	27.46M	36.65M	83.33M	-5.42M	53.16M
Effective Tax Rate	—	+10.2%	+12.1%	—	+16.3%
Per Share & Capital
EPS (Basic)	-0.85	3.61	6.79	6.85	3.42
EPS (Diluted)	-0.85	3.61	6.79	6.85	3.42
EPS Growth	—	-46.8%	-0.8%	+100.3%	-97.4%
Dividend Per Share	—	2.70	5.06	—	16.58
Shares Change (YoY)	—	—	0.09	0.02	34.43
Shares Outstanding (Basic)	89.00M	89.00M	89.00M	81.43M	80.00M
Shares Outstanding (Diluted)	89.00M	89.00M	89.00M	81.43M	80.00M
Dividend Growth	—	-46.6%	—	—	—
Free Cash Flow	379.35M	-110.09M	-486.66M	-507.15M	428.59M
Free Cash Flow Margin	+11.0%	-3.0%	-14.0%	-18.8%	+19.5%
Free Cash Flow Per Share	4.26	-1.24	-5.47	-6.23	5.36
Payout Ratio	—	+107.3%	+37.2%	+3.9%	—

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	3.43B	3.62B	3.48B	2.70B	2.20B
Cost of Revenue	3.06B	2.86B	2.50B	1.90B	1.72B
Gross Profit	374.07M	759.90M	975.90M	801.44M	475.62M
SG&A	204.97M	194.81M	170.83M	179.60M	112.07M
Operating Expenses	205.77M	194.37M	174.67M	182.35M	112.23M
Operating Income	168.30M	565.53M	801.23M	619.09M	363.39M
Interest Income	3.72M	21.61M	47.60M	27.53M	1.34M
Interest Expense	-218.36M	-228.41M	-156.76M	-91.31M	-26.76M
Other Income/Expense	-1.45M	-0.72M	-4.12M	-3.01M	-11.23M
Pretax Income	-47.79M	358.02M	687.95M	552.30M	326.75M
Income Tax	27.46M	36.65M	83.33M	-5.42M	53.16M
Net Income	-75.25M	321.36M	604.61M	557.72M	273.58M
EBITDA	1.06B	1.34B	1.42B	1.14B	0.91B
EBIT	168.30M	565.53M	801.23M	619.09M	363.39M
EPS (Basic)	-0.85	3.61	6.79	6.85	3.42
EPS (Diluted)	-0.85	3.61	6.79	6.85	3.42
DPS	—	2.70	5.06	—	16.58
Margins & Efficiency
Gross Margin %	+10.9%	+21.0%	+28.1%	+29.6%	+21.6%
EBITDA Margin %	+30.9%	+36.9%	+40.8%	+42.0%	+41.3%
Net Margin %	-2.2%	+8.9%	+17.4%	+20.6%	+12.4%
Revenue & Income
Revenue	3.43B	3.62B	3.48B	2.70B	2.20B
Revenue Growth (YoY)	-5.1%	+4.1%	+28.6%	+22.9%	-13.2%
Interest & Investment Income	3.72M	21.61M	47.60M	27.53M	1.34M
Expenses & Provisions
Cost of Revenue	3.06B	2.86B	2.50B	1.90B	1.72B
Selling, General & Admin	204.97M	194.81M	170.83M	179.60M	112.07M
Operating Expenses	205.77M	194.37M	174.67M	182.35M	112.23M
Other Operating Expenses	-18.83M	-11.48M	-7.07M	2.70M	0.16M
Interest Expense	-218.36M	-228.41M	-156.76M	-91.31M	-26.76M
Other Non Operating Income (Expenses)	-1.45M	-0.72M	-4.12M	-3.01M	-11.23M
Amortization of Goodwill & Intangibles	11.53M	—	—	—	—
D&A For EBITDA	891.72M	770.88M	617.54M	516.51M	544.82M
Profitability & Returns
Gross Profit	374.07M	759.90M	975.90M	801.44M	475.62M
Gross Margin	+10.9%	+21.0%	+28.1%	+29.6%	+21.6%
EBIT	168.30M	565.53M	801.23M	619.09M	363.39M
EBIT Margin	+4.9%	+15.6%	+23.0%	+22.9%	+16.5%
EBITDA	1.06B	1.34B	1.42B	1.14B	0.91B
EBITDA Margin	+30.9%	+36.9%	+40.8%	+42.0%	+41.3%
EBT Excluding Unusual Items	-47.79M	358.02M	687.95M	552.30M	326.75M
Pretax Income	-47.79M	358.02M	687.95M	552.30M	326.75M
Operating Income	168.30M	565.53M	801.23M	619.09M	363.39M
Operating Margin	+4.9%	+15.6%	+23.0%	+22.9%	+16.5%
Profit Margin	-2.2%	+8.9%	+17.4%	+20.6%	+12.4%
Net Income	-75.25M	321.36M	604.61M	557.72M	273.58M
Net Income to Common	-75.25M	321.36M	604.61M	557.72M	273.58M
Net Income Growth	—	-46.8%	+8.4%	+103.9%	-7.0%
Income Tax Expense	27.46M	36.65M	83.33M	-5.42M	53.16M
Effective Tax Rate	—	+10.2%	+12.1%	—	+16.3%
Per Share & Capital
EPS (Basic)	-0.85	3.61	6.79	6.85	3.42
EPS (Diluted)	-0.85	3.61	6.79	6.85	3.42
EPS Growth	—	-46.8%	-0.8%	+100.3%	-97.4%
Dividend Per Share	—	2.70	5.06	—	16.58
Shares Change (YoY)	—	—	0.09	0.02	34.43
Shares Outstanding (Basic)	89.00M	89.00M	89.00M	81.43M	80.00M
Shares Outstanding (Diluted)	89.00M	89.00M	89.00M	81.43M	80.00M
Dividend Growth	—	-46.6%	—	—	—
Free Cash Flow	379.35M	-110.09M	-486.66M	-507.15M	428.59M
Free Cash Flow Margin	+11.0%	-3.0%	-14.0%	-18.8%	+19.5%
Free Cash Flow Per Share	4.26	-1.24	-5.47	-6.23	5.36
Payout Ratio	—	+107.3%	+37.2%	+3.9%	—