BAHRI

National Shipping Co. of Saudi Arabia

4030StocksTadawulTransportation

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (SAR)

1-5

	Q1 2026Mar 31, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025
Operating Summary
Revenue	4.96B	3.26B	2.46B	2.46B	2.17B
Cost of Revenue	2.74B	2.18B	1.88B	1.89B	1.63B
Gross Profit	2.23B	1.08B	0.57B	0.57B	0.54B
SG&A	122.73M	133.57M	83.79M	131.58M	74.56M
Operating Expenses	7.59M	23.82M	-25.57M	53.55M	-3.25M
Operating Income	2.22B	1.05B	0.60B	0.52B	0.54B
Interest Income	—	23.47M	16.82M	15.89M	11.22M
Interest Expense	-169.94M	-172.15M	-184.17M	-188.97M	-152.78M
Other Income/Expense	33.00M	-9.66M	—	—	—
Pretax Income	2.26B	1.03B	0.59B	0.44B	0.60B
Income Tax	30.37M	12.97M	36.30M	6.54M	36.36M
Net Income	2.15B	0.98B	0.51B	0.41B	0.53B
EBITDA	2.60B	1.47B	1.01B	0.90B	0.89B
EBIT	2.22B	1.05B	0.60B	0.52B	0.54B
EPS (Basic)	2.33	1.06	0.56	0.44	0.58
EPS (Diluted)	2.33	1.06	0.56	0.44	0.58
Margins & Efficiency
Gross Margin %	+44.8%	+33.1%	+23.4%	+23.3%	+25.0%
EBITDA Margin %	+52.4%	+45.0%	+41.1%	+36.7%	+41.3%
Net Margin %	+43.3%	+30.0%	+20.9%	+16.6%	+24.6%
Revenue & Income
Revenue	4.96B	3.26B	2.46B	2.46B	2.17B
Revenue Growth (YoY)	+129.1%	+47.2%	+9.6%	-9.3%	-6.3%
Interest & Investment Income	—	23.47M	16.82M	15.89M	11.22M
Earnings From Equity Investments	173.47M	125.49M	156.61M	91.42M	192.90M
Gain (Loss) on Sale of Assets	—	5.81M	—	—	—
Gain (Loss) on Sale of Investments	—	—	—	—	—
Expenses & Provisions
Cost of Revenue	2.74B	2.18B	1.88B	1.89B	1.63B
Selling, General & Admin	122.73M	133.57M	83.79M	131.58M	74.56M
Operating Expenses	7.59M	23.82M	-25.57M	53.55M	-3.25M
Other Operating Expenses	-103.66M	-104.50M	-116.86M	-98.76M	-82.59M
Interest Expense	-169.94M	-172.15M	-184.17M	-188.97M	-152.78M
Other Non Operating Income (Expenses)	33.00M	-9.66M	—	—	—
D&A For EBITDA	383.06M	412.33M	409.53M	383.62M	349.89M
Profitability & Returns
Gross Profit	2.23B	1.08B	0.57B	0.57B	0.54B
Gross Margin	+44.8%	+33.1%	+23.4%	+23.3%	+25.0%
EBIT	2.22B	1.05B	0.60B	0.52B	0.54B
EBIT Margin	+44.7%	+32.3%	+24.4%	+21.1%	+25.1%
EBITDA	2.60B	1.47B	1.01B	0.90B	0.89B
EBITDA Margin	+52.4%	+45.0%	+41.1%	+36.7%	+41.3%
EBT Excluding Unusual Items	2.26B	1.02B	0.59B	0.44B	0.60B
Pretax Income	2.26B	1.03B	0.59B	0.44B	0.60B
Operating Income	2.22B	1.05B	0.60B	0.52B	0.54B
Operating Margin	+44.7%	+32.3%	+24.4%	+21.1%	+25.1%
Profit Margin	+43.3%	+30.0%	+20.9%	+16.6%	+24.6%
Net Income	2.15B	0.98B	0.51B	0.41B	0.53B
Net Income to Common	2.15B	0.98B	0.51B	0.41B	0.53B
Net Income Growth	+303.4%	+106.2%	+0.9%	-44.4%	+17.6%
Earnings From Continuing Ops.	2.22B	1.01B	0.55B	0.43B	0.56B
Minority Interest in Earnings	-75.46M	-37.23M	-39.54M	-24.53M	-26.83M
Income Tax Expense	30.37M	12.97M	36.30M	6.54M	36.36M
Effective Tax Rate	+1.3%	+1.3%	+6.2%	+1.5%	+6.1%
Per Share & Capital
EPS (Basic)	2.33	1.06	0.56	0.44	0.58
EPS (Diluted)	2.33	1.06	0.56	0.44	0.58
EPS Growth	+303.6%	+106.2%	+0.9%	-44.4%	+17.6%
Dividend Per Share	—	1.00	—	—	—
Shares Change (YoY)	-0	0	—	—	—
Shares Outstanding (Basic)	922.41M	922.85M	922.85M	922.85M	922.85M
Shares Outstanding (Diluted)	922.41M	922.85M	922.85M	922.85M	922.85M
Dividend Growth	—	+25.0%	—	—	—
Free Cash Flow	1.28B	0.27B	0.90B	-1.01B	-1.20B
Free Cash Flow Margin	+25.8%	+8.4%	+36.8%	-41.1%	-55.3%
Free Cash Flow Per Share	1.39	0.30	0.98	-1.10	-1.30
Payout Ratio	—	—	+143.8%	—	—

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (SAR)

1-5

	Q1 2026Mar 31, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025
Operating Summary
Revenue	4.96B	3.26B	2.46B	2.46B	2.17B
Cost of Revenue	2.74B	2.18B	1.88B	1.89B	1.63B
Gross Profit	2.23B	1.08B	0.57B	0.57B	0.54B
SG&A	122.73M	133.57M	83.79M	131.58M	74.56M
Operating Expenses	7.59M	23.82M	-25.57M	53.55M	-3.25M
Operating Income	2.22B	1.05B	0.60B	0.52B	0.54B
Interest Income	—	23.47M	16.82M	15.89M	11.22M
Interest Expense	-169.94M	-172.15M	-184.17M	-188.97M	-152.78M
Other Income/Expense	33.00M	-9.66M	—	—	—
Pretax Income	2.26B	1.03B	0.59B	0.44B	0.60B
Income Tax	30.37M	12.97M	36.30M	6.54M	36.36M
Net Income	2.15B	0.98B	0.51B	0.41B	0.53B
EBITDA	2.60B	1.47B	1.01B	0.90B	0.89B
EBIT	2.22B	1.05B	0.60B	0.52B	0.54B
EPS (Basic)	2.33	1.06	0.56	0.44	0.58
EPS (Diluted)	2.33	1.06	0.56	0.44	0.58
Margins & Efficiency
Gross Margin %	+44.8%	+33.1%	+23.4%	+23.3%	+25.0%
EBITDA Margin %	+52.4%	+45.0%	+41.1%	+36.7%	+41.3%
Net Margin %	+43.3%	+30.0%	+20.9%	+16.6%	+24.6%
Revenue & Income
Revenue	4.96B	3.26B	2.46B	2.46B	2.17B
Revenue Growth (YoY)	+129.1%	+47.2%	+9.6%	-9.3%	-6.3%
Interest & Investment Income	—	23.47M	16.82M	15.89M	11.22M
Earnings From Equity Investments	173.47M	125.49M	156.61M	91.42M	192.90M
Gain (Loss) on Sale of Assets	—	5.81M	—	—	—
Gain (Loss) on Sale of Investments	—	—	—	—	—
Expenses & Provisions
Cost of Revenue	2.74B	2.18B	1.88B	1.89B	1.63B
Selling, General & Admin	122.73M	133.57M	83.79M	131.58M	74.56M
Operating Expenses	7.59M	23.82M	-25.57M	53.55M	-3.25M
Other Operating Expenses	-103.66M	-104.50M	-116.86M	-98.76M	-82.59M
Interest Expense	-169.94M	-172.15M	-184.17M	-188.97M	-152.78M
Other Non Operating Income (Expenses)	33.00M	-9.66M	—	—	—
D&A For EBITDA	383.06M	412.33M	409.53M	383.62M	349.89M
Profitability & Returns
Gross Profit	2.23B	1.08B	0.57B	0.57B	0.54B
Gross Margin	+44.8%	+33.1%	+23.4%	+23.3%	+25.0%
EBIT	2.22B	1.05B	0.60B	0.52B	0.54B
EBIT Margin	+44.7%	+32.3%	+24.4%	+21.1%	+25.1%
EBITDA	2.60B	1.47B	1.01B	0.90B	0.89B
EBITDA Margin	+52.4%	+45.0%	+41.1%	+36.7%	+41.3%
EBT Excluding Unusual Items	2.26B	1.02B	0.59B	0.44B	0.60B
Pretax Income	2.26B	1.03B	0.59B	0.44B	0.60B
Operating Income	2.22B	1.05B	0.60B	0.52B	0.54B
Operating Margin	+44.7%	+32.3%	+24.4%	+21.1%	+25.1%
Profit Margin	+43.3%	+30.0%	+20.9%	+16.6%	+24.6%
Net Income	2.15B	0.98B	0.51B	0.41B	0.53B
Net Income to Common	2.15B	0.98B	0.51B	0.41B	0.53B
Net Income Growth	+303.4%	+106.2%	+0.9%	-44.4%	+17.6%
Earnings From Continuing Ops.	2.22B	1.01B	0.55B	0.43B	0.56B
Minority Interest in Earnings	-75.46M	-37.23M	-39.54M	-24.53M	-26.83M
Income Tax Expense	30.37M	12.97M	36.30M	6.54M	36.36M
Effective Tax Rate	+1.3%	+1.3%	+6.2%	+1.5%	+6.1%
Per Share & Capital
EPS (Basic)	2.33	1.06	0.56	0.44	0.58
EPS (Diluted)	2.33	1.06	0.56	0.44	0.58
EPS Growth	+303.6%	+106.2%	+0.9%	-44.4%	+17.6%
Dividend Per Share	—	1.00	—	—	—
Shares Change (YoY)	-0	0	—	—	—
Shares Outstanding (Basic)	922.41M	922.85M	922.85M	922.85M	922.85M
Shares Outstanding (Diluted)	922.41M	922.85M	922.85M	922.85M	922.85M
Dividend Growth	—	+25.0%	—	—	—
Free Cash Flow	1.28B	0.27B	0.90B	-1.01B	-1.20B
Free Cash Flow Margin	+25.8%	+8.4%	+36.8%	-41.1%	-55.3%
Free Cash Flow Per Share	1.39	0.30	0.98	-1.10	-1.30
Payout Ratio	—	—	+143.8%	—	—