SGS

Saudi Ground Services Co.

4031StocksTadawulTransportation

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
Operations
Operating Cash Flow	739.78M	495.21M	341.95M	32.04M	-2.29M
Free Cash Flow	497.70M	318.73M	199.40M	-29.21M	-95.85M
Capital Expenditures	-242.08M	-176.49M	-142.55M	-61.25M	-93.56M
Investing & Financing
Investing Cash Flow	-0.11B	-0.15B	-0.55B	1.16B	-0.47B
Financing Cash Flow	-462.28M	-340.62M	-581.94M	-587.16M	629.41M
Dividends Paid	-376.00M	-187.40M	—	—	—
Operating Activities
Operating Cash Flow	739.78M	495.21M	341.95M	32.04M	-2.29M
Net Income	404.71M	327.03M	211.48M	-244.49M	-254.41M
Change in Accounts Payable	-9.90M	-15.27M	4.45M	7.97M	-12.00M
Change in Accounts Receivable	127.76M	10.82M	-118.25M	-90.98M	60.71M
Change in Inventory	-0.34M	-4.08M	5.07M	-3.87M	-5.93M
Change in Other Net Operating Assets	-16.00M	-135.36M	0.52M	-8.10M	-131.58M
Change in Working Capital	101.52M	-143.89M	-108.22M	-94.98M	-88.80M
Other Operating Activities	116.94M	132.68M	67.27M	250.37M	76.23M
Provision & Write-off of Bad Debts	4.14M	46.58M	22.70M	5.40M	78.82M
Depreciation & Amortization	190.75M	183.55M	176.41M	169.03M	156.87M
Other Amortization	—	—	6.12M	12.82M	12.82M
Cash Interest Paid	0.02M	5.42M	29.14M	12.58M	19.73M
Loss (Gain) on Equity Investments	-67.50M	-28.47M	-23.34M	-24.07M	34.70M
Investing Activities
Investing Cash Flow	-0.11B	-0.15B	-0.55B	1.16B	-0.47B
Capital Expenditures	-242.08M	-176.49M	-142.55M	-61.25M	-93.56M
Investment in Securities	0.13B	0.02B	-0.40B	1.22B	-0.41B
Other Investing Activities	3.60M	6.45M	1.55M	2.00M	27.96M
Sale of Property, Plant & Equipment	—	5.58M	0.00M	0.94M	6.90M
Loss (Gain) From Sale of Assets	—	-5.25M	-0.00M	-0.94M	-4.14M
Loss (Gain) on Sale of Investments	-10.79M	-17.02M	-10.47M	-41.12M	-14.38M
Financing Activities
Financing Cash Flow	-462.28M	-340.62M	-581.94M	-587.16M	629.41M
Common Dividends Paid	-376.00M	-187.40M	—	—	—
Long-Term Debt Issued	—	—	—	—	750.00M
Long-Term Debt Repaid	-86.28M	-153.22M	-581.94M	-587.16M	-120.59M
Net Debt Issued (Repaid)	-86.28M	-153.22M	-581.94M	-587.16M	629.41M
Free Cash Flow & Returns
Free Cash Flow	497.70M	318.73M	199.40M	-29.21M	-95.85M
Free Cash Flow Growth	+56.2%	+59.8%	—	—	—
Free Cash Flow Margin	+18.2%	+11.9%	+8.1%	-1.5%	-6.0%
Free Cash Flow Per Share	2.65	1.70	1.06	-0.16	-0.51
Levered Free Cash Flow	271.90M	253.73M	68.95M	157.42M	-79.99M
Unlevered Free Cash Flow	278.32M	259.93M	87.51M	176.52M	-63.61M
Operating Cash Flow Growth	+49.4%	+44.8%	+967.2%	—	—
Net Cash Flow	167.81M	8.60M	-785.78M	609.55M	159.03M

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
Operations
Operating Cash Flow	739.78M	495.21M	341.95M	32.04M	-2.29M
Free Cash Flow	497.70M	318.73M	199.40M	-29.21M	-95.85M
Capital Expenditures	-242.08M	-176.49M	-142.55M	-61.25M	-93.56M
Investing & Financing
Investing Cash Flow	-0.11B	-0.15B	-0.55B	1.16B	-0.47B
Financing Cash Flow	-462.28M	-340.62M	-581.94M	-587.16M	629.41M
Dividends Paid	-376.00M	-187.40M	—	—	—
Operating Activities
Operating Cash Flow	739.78M	495.21M	341.95M	32.04M	-2.29M
Net Income	404.71M	327.03M	211.48M	-244.49M	-254.41M
Change in Accounts Payable	-9.90M	-15.27M	4.45M	7.97M	-12.00M
Change in Accounts Receivable	127.76M	10.82M	-118.25M	-90.98M	60.71M
Change in Inventory	-0.34M	-4.08M	5.07M	-3.87M	-5.93M
Change in Other Net Operating Assets	-16.00M	-135.36M	0.52M	-8.10M	-131.58M
Change in Working Capital	101.52M	-143.89M	-108.22M	-94.98M	-88.80M
Other Operating Activities	116.94M	132.68M	67.27M	250.37M	76.23M
Provision & Write-off of Bad Debts	4.14M	46.58M	22.70M	5.40M	78.82M
Depreciation & Amortization	190.75M	183.55M	176.41M	169.03M	156.87M
Other Amortization	—	—	6.12M	12.82M	12.82M
Cash Interest Paid	0.02M	5.42M	29.14M	12.58M	19.73M
Loss (Gain) on Equity Investments	-67.50M	-28.47M	-23.34M	-24.07M	34.70M
Investing Activities
Investing Cash Flow	-0.11B	-0.15B	-0.55B	1.16B	-0.47B
Capital Expenditures	-242.08M	-176.49M	-142.55M	-61.25M	-93.56M
Investment in Securities	0.13B	0.02B	-0.40B	1.22B	-0.41B
Other Investing Activities	3.60M	6.45M	1.55M	2.00M	27.96M
Sale of Property, Plant & Equipment	—	5.58M	0.00M	0.94M	6.90M
Loss (Gain) From Sale of Assets	—	-5.25M	-0.00M	-0.94M	-4.14M
Loss (Gain) on Sale of Investments	-10.79M	-17.02M	-10.47M	-41.12M	-14.38M
Financing Activities
Financing Cash Flow	-462.28M	-340.62M	-581.94M	-587.16M	629.41M
Common Dividends Paid	-376.00M	-187.40M	—	—	—
Long-Term Debt Issued	—	—	—	—	750.00M
Long-Term Debt Repaid	-86.28M	-153.22M	-581.94M	-587.16M	-120.59M
Net Debt Issued (Repaid)	-86.28M	-153.22M	-581.94M	-587.16M	629.41M
Free Cash Flow & Returns
Free Cash Flow	497.70M	318.73M	199.40M	-29.21M	-95.85M
Free Cash Flow Growth	+56.2%	+59.8%	—	—	—
Free Cash Flow Margin	+18.2%	+11.9%	+8.1%	-1.5%	-6.0%
Free Cash Flow Per Share	2.65	1.70	1.06	-0.16	-0.51
Levered Free Cash Flow	271.90M	253.73M	68.95M	157.42M	-79.99M
Unlevered Free Cash Flow	278.32M	259.93M	87.51M	176.52M	-63.61M
Operating Cash Flow Growth	+49.4%	+44.8%	+967.2%	—	—
Net Cash Flow	167.81M	8.60M	-785.78M	609.55M	159.03M