FARM SUPERSTORES

Saudi Marketing Co.

4006StocksTadawulConsumer Discretionary

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	1.84B	1.81B	1.80B	1.65B	1.86B
Cost of Revenue	1.26B	1.28B	1.29B	1.17B	1.39B
Gross Profit	573.83M	537.87M	505.93M	479.70M	475.32M
SG&A	474.71M	463.26M	438.52M	427.29M	401.83M
Operating Expenses	465.28M	453.43M	427.23M	415.55M	401.83M
Operating Income	108.55M	84.44M	78.71M	64.15M	73.49M
Interest Expense	-78.88M	-70.48M	-59.10M	-49.16M	-53.43M
Other Income/Expense	4.95M	7.13M	3.69M	4.64M	20.95M
Pretax Income	43.35M	25.33M	26.26M	22.16M	41.04M
Income Tax	18.16M	3.70M	3.52M	1.44M	2.32M
Net Income	25.43M	21.79M	22.83M	20.77M	38.76M
EBITDA	172.57M	144.13M	133.22M	115.74M	124.27M
EBIT	108.55M	84.44M	78.71M	64.15M	73.49M
EPS (Basic)	0.57	0.48	0.51	0.46	0.86
EPS (Diluted)	0.57	0.48	0.51	0.46	0.86
DPS	—	—	0.50	—	—
Margins & Efficiency
Gross Margin %	+31.3%	+29.7%	+28.1%	+29.0%	+25.5%
EBITDA Margin %	+9.4%	+7.9%	+7.4%	+7.0%	+6.7%
Net Margin %	+1.4%	+1.2%	+1.3%	+1.3%	+2.1%
Revenue & Income
Revenue	1.84B	1.81B	1.80B	1.65B	1.86B
Revenue Growth (YoY)	+1.2%	+0.8%	+8.9%	-11.4%	+17.9%
Gain (Loss) on Sale of Assets	2.81M	-1.39M	0.17M	0.13M	0.04M
Gain (Loss) on Sale of Investments	4.58M	5.01M	2.29M	0.61M	—
Currency Exchange Gain (Loss)	-29.02K	-1.13K	-79.21K	-0.74K	-12.73K
Expenses & Provisions
Advertising Expenses	11.96M	10.86M	9.30M	6.86M	5.64M
Cost of Revenue	1.26B	1.28B	1.29B	1.17B	1.39B
Selling, General & Admin	474.71M	463.26M	438.52M	427.29M	401.83M
Operating Expenses	465.28M	453.43M	427.23M	415.55M	401.83M
Other Operating Expenses	-9.43M	-9.84M	-11.29M	-11.74M	—
Interest Expense	-78.88M	-70.48M	-59.10M	-49.16M	-53.43M
Other Non Operating Income (Expenses)	4.95M	7.13M	3.69M	4.64M	20.95M
Asset Writedown	-736.08K	—	—	—	—
D&A For EBITDA	64.02M	59.69M	54.51M	51.59M	50.77M
Profitability & Returns
Gross Profit	573.83M	537.87M	505.93M	479.70M	475.32M
Gross Margin	+31.3%	+29.7%	+28.1%	+29.0%	+25.5%
EBIT	108.55M	84.44M	78.71M	64.15M	73.49M
EBIT Margin	+5.9%	+4.7%	+4.4%	+3.9%	+3.9%
EBITDA	172.57M	144.13M	133.22M	115.74M	124.27M
EBITDA Margin	+9.4%	+7.9%	+7.4%	+7.0%	+6.7%
EBT Excluding Unusual Items	34.60M	21.09M	23.22M	19.63M	41.00M
Pretax Income	43.35M	25.33M	26.26M	22.16M	41.04M
Operating Income	108.55M	84.44M	78.71M	64.15M	73.49M
Operating Margin	+5.9%	+4.7%	+4.4%	+3.9%	+3.9%
Profit Margin	+1.4%	+1.2%	+1.3%	+1.3%	+2.1%
Net Income	25.43M	21.79M	22.83M	20.77M	38.76M
Net Income to Common	25.43M	21.79M	22.83M	20.77M	38.76M
Net Income Growth	+16.7%	-4.5%	+9.9%	-46.4%	+277.9%
Earnings From Continuing Ops.	25.20M	21.63M	22.75M	20.72M	38.72M
Minority Interest in Earnings	234.75K	157.68K	80.74K	56.70K	43.83K
Income Tax Expense	18.16M	3.70M	3.52M	1.44M	2.32M
Effective Tax Rate	+41.9%	+14.6%	+13.4%	+6.5%	+5.7%
Per Share & Capital
EPS (Basic)	0.57	0.48	0.51	0.46	0.86
EPS (Diluted)	0.57	0.48	0.51	0.46	0.86
EPS Growth	+16.7%	-4.5%	+9.9%	-46.4%	+277.9%
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	10.62M	37.63M	101.12M	85.46M	144.98M
Free Cash Flow Margin	+0.6%	+2.1%	+5.6%	+5.2%	+7.8%
Free Cash Flow Per Share	0.24	0.84	2.25	1.90	3.22
Payout Ratio	—	+103.3%	—	—	—
Supplemental
Other Unusual Items	2.10M	0.62M	0.59M	1.78M	—

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	1.84B	1.81B	1.80B	1.65B	1.86B
Cost of Revenue	1.26B	1.28B	1.29B	1.17B	1.39B
Gross Profit	573.83M	537.87M	505.93M	479.70M	475.32M
SG&A	474.71M	463.26M	438.52M	427.29M	401.83M
Operating Expenses	465.28M	453.43M	427.23M	415.55M	401.83M
Operating Income	108.55M	84.44M	78.71M	64.15M	73.49M
Interest Expense	-78.88M	-70.48M	-59.10M	-49.16M	-53.43M
Other Income/Expense	4.95M	7.13M	3.69M	4.64M	20.95M
Pretax Income	43.35M	25.33M	26.26M	22.16M	41.04M
Income Tax	18.16M	3.70M	3.52M	1.44M	2.32M
Net Income	25.43M	21.79M	22.83M	20.77M	38.76M
EBITDA	172.57M	144.13M	133.22M	115.74M	124.27M
EBIT	108.55M	84.44M	78.71M	64.15M	73.49M
EPS (Basic)	0.57	0.48	0.51	0.46	0.86
EPS (Diluted)	0.57	0.48	0.51	0.46	0.86
DPS	—	—	0.50	—	—
Margins & Efficiency
Gross Margin %	+31.3%	+29.7%	+28.1%	+29.0%	+25.5%
EBITDA Margin %	+9.4%	+7.9%	+7.4%	+7.0%	+6.7%
Net Margin %	+1.4%	+1.2%	+1.3%	+1.3%	+2.1%
Revenue & Income
Revenue	1.84B	1.81B	1.80B	1.65B	1.86B
Revenue Growth (YoY)	+1.2%	+0.8%	+8.9%	-11.4%	+17.9%
Gain (Loss) on Sale of Assets	2.81M	-1.39M	0.17M	0.13M	0.04M
Gain (Loss) on Sale of Investments	4.58M	5.01M	2.29M	0.61M	—
Currency Exchange Gain (Loss)	-29.02K	-1.13K	-79.21K	-0.74K	-12.73K
Expenses & Provisions
Advertising Expenses	11.96M	10.86M	9.30M	6.86M	5.64M
Cost of Revenue	1.26B	1.28B	1.29B	1.17B	1.39B
Selling, General & Admin	474.71M	463.26M	438.52M	427.29M	401.83M
Operating Expenses	465.28M	453.43M	427.23M	415.55M	401.83M
Other Operating Expenses	-9.43M	-9.84M	-11.29M	-11.74M	—
Interest Expense	-78.88M	-70.48M	-59.10M	-49.16M	-53.43M
Other Non Operating Income (Expenses)	4.95M	7.13M	3.69M	4.64M	20.95M
Asset Writedown	-736.08K	—	—	—	—
D&A For EBITDA	64.02M	59.69M	54.51M	51.59M	50.77M
Profitability & Returns
Gross Profit	573.83M	537.87M	505.93M	479.70M	475.32M
Gross Margin	+31.3%	+29.7%	+28.1%	+29.0%	+25.5%
EBIT	108.55M	84.44M	78.71M	64.15M	73.49M
EBIT Margin	+5.9%	+4.7%	+4.4%	+3.9%	+3.9%
EBITDA	172.57M	144.13M	133.22M	115.74M	124.27M
EBITDA Margin	+9.4%	+7.9%	+7.4%	+7.0%	+6.7%
EBT Excluding Unusual Items	34.60M	21.09M	23.22M	19.63M	41.00M
Pretax Income	43.35M	25.33M	26.26M	22.16M	41.04M
Operating Income	108.55M	84.44M	78.71M	64.15M	73.49M
Operating Margin	+5.9%	+4.7%	+4.4%	+3.9%	+3.9%
Profit Margin	+1.4%	+1.2%	+1.3%	+1.3%	+2.1%
Net Income	25.43M	21.79M	22.83M	20.77M	38.76M
Net Income to Common	25.43M	21.79M	22.83M	20.77M	38.76M
Net Income Growth	+16.7%	-4.5%	+9.9%	-46.4%	+277.9%
Earnings From Continuing Ops.	25.20M	21.63M	22.75M	20.72M	38.72M
Minority Interest in Earnings	234.75K	157.68K	80.74K	56.70K	43.83K
Income Tax Expense	18.16M	3.70M	3.52M	1.44M	2.32M
Effective Tax Rate	+41.9%	+14.6%	+13.4%	+6.5%	+5.7%
Per Share & Capital
EPS (Basic)	0.57	0.48	0.51	0.46	0.86
EPS (Diluted)	0.57	0.48	0.51	0.46	0.86
EPS Growth	+16.7%	-4.5%	+9.9%	-46.4%	+277.9%
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	10.62M	37.63M	101.12M	85.46M	144.98M
Free Cash Flow Margin	+0.6%	+2.1%	+5.6%	+5.2%	+7.8%
Free Cash Flow Per Share	0.24	0.84	2.25	1.90	3.22
Payout Ratio	—	+103.3%	—	—	—
Supplemental
Other Unusual Items	2.10M	0.62M	0.59M	1.78M	—