FARM SUPERSTORES

Saudi Marketing Co.

4006StocksTadawulConsumer Discretionary

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	1.78B	1.84B	1.81B	1.80B	1.65B
Cost of Revenue	1.19B	1.26B	1.28B	1.29B	1.17B
Gross Profit	591.15M	573.83M	537.87M	505.93M	479.70M
SG&A	478.69M	474.71M	463.26M	438.52M	427.29M
Operating Expenses	469.55M	465.28M	453.43M	427.23M	415.55M
Operating Income	121.60M	108.55M	84.44M	78.71M	64.15M
Interest Expense	-83.73M	-78.54M	-70.48M	-59.10M	-49.16M
Other Income/Expense	-3.46M	4.62M	7.13M	3.69M	4.64M
Pretax Income	28.88M	43.35M	25.33M	26.26M	22.16M
Income Tax	4.44M	18.16M	3.70M	3.52M	1.44M
Net Income	24.68M	25.43M	21.79M	22.83M	20.77M
EBITDA	191.24M	172.57M	144.13M	133.22M	115.74M
EBIT	121.60M	108.55M	84.44M	78.71M	64.15M
EPS (Basic)	0.55	0.57	0.48	0.51	0.46
EPS (Diluted)	0.55	0.57	0.48	0.51	0.46
DPS	—	—	—	0.50	—
Margins & Efficiency
Gross Margin %	+33.2%	+31.3%	+29.7%	+28.1%	+29.0%
EBITDA Margin %	+10.7%	+9.4%	+7.9%	+7.4%	+7.0%
Net Margin %	+1.4%	+1.4%	+1.2%	+1.3%	+1.3%
Revenue & Income
Revenue	1.78B	1.84B	1.81B	1.80B	1.65B
Revenue Growth (YoY)	-3.0%	+1.2%	+0.8%	+8.9%	-11.4%
Gain (Loss) on Sale of Assets	1.76M	2.81M	-1.39M	0.17M	0.13M
Gain (Loss) on Sale of Investments	-6.37M	4.58M	5.01M	2.29M	0.61M
Currency Exchange Gain (Loss)	-1.13K	-29.02K	-1.13K	-79.21K	-0.74K
Expenses & Provisions
Advertising Expenses	12.02M	11.96M	10.86M	9.30M	6.86M
Cost of Revenue	1.19B	1.26B	1.28B	1.29B	1.17B
Selling, General & Admin	478.69M	474.71M	463.26M	438.52M	427.29M
Operating Expenses	469.55M	465.28M	453.43M	427.23M	415.55M
Other Operating Expenses	-9.15M	-9.43M	-9.84M	-11.29M	-11.74M
Interest Expense	-83.73M	-78.54M	-70.48M	-59.10M	-49.16M
Other Non Operating Income (Expenses)	-3.46M	4.62M	7.13M	3.69M	4.64M
Asset Writedown	-4.51M	-0.74M	—	—	—
D&A For EBITDA	69.64M	64.02M	59.69M	54.51M	51.59M
Profitability & Returns
Gross Profit	591.15M	573.83M	537.87M	505.93M	479.70M
Gross Margin	+33.2%	+31.3%	+29.7%	+28.1%	+29.0%
EBIT	121.60M	108.55M	84.44M	78.71M	64.15M
EBIT Margin	+6.8%	+5.9%	+4.7%	+4.4%	+3.9%
EBITDA	191.24M	172.57M	144.13M	133.22M	115.74M
EBITDA Margin	+10.7%	+9.4%	+7.9%	+7.4%	+7.0%
EBT Excluding Unusual Items	34.41M	34.60M	21.09M	23.22M	19.63M
Pretax Income	28.88M	43.35M	25.33M	26.26M	22.16M
Operating Income	121.60M	108.55M	84.44M	78.71M	64.15M
Operating Margin	+6.8%	+5.9%	+4.7%	+4.4%	+3.9%
Profit Margin	+1.4%	+1.4%	+1.2%	+1.3%	+1.3%
Net Income	24.68M	25.43M	21.79M	22.83M	20.77M
Net Income to Common	24.68M	25.43M	21.79M	22.83M	20.77M
Net Income Growth	-3.0%	+16.7%	-4.5%	+9.9%	-46.4%
Earnings From Continuing Ops.	24.44M	25.20M	21.63M	22.75M	20.72M
Minority Interest in Earnings	234.81K	234.75K	157.68K	80.74K	56.70K
Income Tax Expense	4.44M	18.16M	3.70M	3.52M	1.44M
Effective Tax Rate	+15.4%	+41.9%	+14.6%	+13.4%	+6.5%
Per Share & Capital
EPS (Basic)	0.55	0.57	0.48	0.51	0.46
EPS (Diluted)	0.55	0.57	0.48	0.51	0.46
EPS Growth	-3.0%	+16.7%	-4.5%	+9.9%	-46.4%
Dividend Per Share	—	—	—	0.50	—
Shares Outstanding (Basic)	45.00M	45.00M	45.00M	45.00M	45.00M
Shares Outstanding (Diluted)	45.00M	45.00M	45.00M	45.00M	45.00M
Free Cash Flow	35.72M	10.62M	37.63M	101.12M	85.46M
Free Cash Flow Margin	+2.0%	+0.6%	+2.1%	+5.6%	+5.2%
Free Cash Flow Per Share	0.79	0.24	0.84	2.25	1.90
Payout Ratio	—	—	+103.3%	—	—
Supplemental
Other Unusual Items	3.59M	2.10M	0.62M	0.59M	1.78M

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	1.78B	1.84B	1.81B	1.80B	1.65B
Cost of Revenue	1.19B	1.26B	1.28B	1.29B	1.17B
Gross Profit	591.15M	573.83M	537.87M	505.93M	479.70M
SG&A	478.69M	474.71M	463.26M	438.52M	427.29M
Operating Expenses	469.55M	465.28M	453.43M	427.23M	415.55M
Operating Income	121.60M	108.55M	84.44M	78.71M	64.15M
Interest Expense	-83.73M	-78.54M	-70.48M	-59.10M	-49.16M
Other Income/Expense	-3.46M	4.62M	7.13M	3.69M	4.64M
Pretax Income	28.88M	43.35M	25.33M	26.26M	22.16M
Income Tax	4.44M	18.16M	3.70M	3.52M	1.44M
Net Income	24.68M	25.43M	21.79M	22.83M	20.77M
EBITDA	191.24M	172.57M	144.13M	133.22M	115.74M
EBIT	121.60M	108.55M	84.44M	78.71M	64.15M
EPS (Basic)	0.55	0.57	0.48	0.51	0.46
EPS (Diluted)	0.55	0.57	0.48	0.51	0.46
DPS	—	—	—	0.50	—
Margins & Efficiency
Gross Margin %	+33.2%	+31.3%	+29.7%	+28.1%	+29.0%
EBITDA Margin %	+10.7%	+9.4%	+7.9%	+7.4%	+7.0%
Net Margin %	+1.4%	+1.4%	+1.2%	+1.3%	+1.3%
Revenue & Income
Revenue	1.78B	1.84B	1.81B	1.80B	1.65B
Revenue Growth (YoY)	-3.0%	+1.2%	+0.8%	+8.9%	-11.4%
Gain (Loss) on Sale of Assets	1.76M	2.81M	-1.39M	0.17M	0.13M
Gain (Loss) on Sale of Investments	-6.37M	4.58M	5.01M	2.29M	0.61M
Currency Exchange Gain (Loss)	-1.13K	-29.02K	-1.13K	-79.21K	-0.74K
Expenses & Provisions
Advertising Expenses	12.02M	11.96M	10.86M	9.30M	6.86M
Cost of Revenue	1.19B	1.26B	1.28B	1.29B	1.17B
Selling, General & Admin	478.69M	474.71M	463.26M	438.52M	427.29M
Operating Expenses	469.55M	465.28M	453.43M	427.23M	415.55M
Other Operating Expenses	-9.15M	-9.43M	-9.84M	-11.29M	-11.74M
Interest Expense	-83.73M	-78.54M	-70.48M	-59.10M	-49.16M
Other Non Operating Income (Expenses)	-3.46M	4.62M	7.13M	3.69M	4.64M
Asset Writedown	-4.51M	-0.74M	—	—	—
D&A For EBITDA	69.64M	64.02M	59.69M	54.51M	51.59M
Profitability & Returns
Gross Profit	591.15M	573.83M	537.87M	505.93M	479.70M
Gross Margin	+33.2%	+31.3%	+29.7%	+28.1%	+29.0%
EBIT	121.60M	108.55M	84.44M	78.71M	64.15M
EBIT Margin	+6.8%	+5.9%	+4.7%	+4.4%	+3.9%
EBITDA	191.24M	172.57M	144.13M	133.22M	115.74M
EBITDA Margin	+10.7%	+9.4%	+7.9%	+7.4%	+7.0%
EBT Excluding Unusual Items	34.41M	34.60M	21.09M	23.22M	19.63M
Pretax Income	28.88M	43.35M	25.33M	26.26M	22.16M
Operating Income	121.60M	108.55M	84.44M	78.71M	64.15M
Operating Margin	+6.8%	+5.9%	+4.7%	+4.4%	+3.9%
Profit Margin	+1.4%	+1.4%	+1.2%	+1.3%	+1.3%
Net Income	24.68M	25.43M	21.79M	22.83M	20.77M
Net Income to Common	24.68M	25.43M	21.79M	22.83M	20.77M
Net Income Growth	-3.0%	+16.7%	-4.5%	+9.9%	-46.4%
Earnings From Continuing Ops.	24.44M	25.20M	21.63M	22.75M	20.72M
Minority Interest in Earnings	234.81K	234.75K	157.68K	80.74K	56.70K
Income Tax Expense	4.44M	18.16M	3.70M	3.52M	1.44M
Effective Tax Rate	+15.4%	+41.9%	+14.6%	+13.4%	+6.5%
Per Share & Capital
EPS (Basic)	0.55	0.57	0.48	0.51	0.46
EPS (Diluted)	0.55	0.57	0.48	0.51	0.46
EPS Growth	-3.0%	+16.7%	-4.5%	+9.9%	-46.4%
Dividend Per Share	—	—	—	0.50	—
Shares Outstanding (Basic)	45.00M	45.00M	45.00M	45.00M	45.00M
Shares Outstanding (Diluted)	45.00M	45.00M	45.00M	45.00M	45.00M
Free Cash Flow	35.72M	10.62M	37.63M	101.12M	85.46M
Free Cash Flow Margin	+2.0%	+0.6%	+2.1%	+5.6%	+5.2%
Free Cash Flow Per Share	0.79	0.24	0.84	2.25	1.90
Payout Ratio	—	—	+103.3%	—	—
Supplemental
Other Unusual Items	3.59M	2.10M	0.62M	0.59M	1.78M