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
Operating Summary
Revenue	2.73B	2.68B	2.46B	1.98B	1.61B
Cost of Revenue	2.11B	2.06B	2.05B	1.82B	1.41B
Gross Profit	618.74M	620.94M	409.01M	158.43M	193.91M
SG&A	291.55M	269.69M	210.29M	285.80M	298.71M
Operating Expenses	288.26M	307.56M	180.78M	279.02M	371.53M
Operating Income	330.49M	313.38M	228.23M	-120.59M	-177.62M
Interest Income	30.23M	27.73M	40.08M	8.08M	6.37M
Interest Expense	-10.27M	-9.92M	-29.70M	-30.55M	-26.21M
Other Income/Expense	-0.02M	—	-1.54M	-0.66M	-0.64M
Pretax Income	429.51M	377.54M	270.88M	-77.60M	-214.28M
Income Tax	24.80M	50.51M	59.41M	166.89M	40.13M
Net Income	404.71M	327.03M	211.48M	-244.49M	-253.81M
EBITDA	468.19M	440.21M	350.45M	1.74M	-59.33M
EBIT	330.49M	313.38M	228.23M	-120.59M	-177.62M
EPS (Basic)	2.15	1.74	1.12	-1.30	-1.35
EPS (Diluted)	2.15	1.74	1.12	-1.30	-1.35
DPS	—	2.00	—	—	—
Margins & Efficiency
Gross Margin %	+22.7%	+23.1%	+16.6%	+8.0%	+12.1%
EBITDA Margin %	+17.2%	+16.4%	+14.3%	+0.1%	-3.7%
Net Margin %	+14.8%	+12.2%	+8.6%	-12.4%	-15.8%
Revenue & Income
Revenue	2.73B	2.68B	2.46B	1.98B	1.61B
Revenue Growth (YoY)	+1.7%	+9.1%	+24.4%	+23.0%	+28.4%
Interest & Investment Income	30.23M	27.73M	40.08M	8.08M	6.37M
Earnings From Equity Investments	67.50M	28.47M	23.34M	24.07M	-34.70M
Gain (Loss) on Sale of Assets	—	5.25M	0.00M	0.94M	4.14M
Gain (Loss) on Sale of Investments	10.79M	17.02M	10.47M	41.12M	14.38M
Currency Exchange Gain (Loss)	0.79M	-4.38M	—	—	—
Expenses & Provisions
Cost of Revenue	2.11B	2.06B	2.05B	1.82B	1.41B
Selling, General & Admin	291.55M	269.69M	210.29M	285.80M	298.71M
Operating Expenses	288.26M	307.56M	180.78M	279.02M	371.53M
Other Operating Expenses	-46.76M	-56.19M	-52.20M	-25.62M	-6.00M
Interest Expense	-10.27M	-9.92M	-29.70M	-30.55M	-26.21M
Other Non Operating Income (Expenses)	-0.02M	—	-1.54M	-0.66M	-0.64M
D&A For EBITDA	137.70M	126.84M	122.22M	122.33M	118.30M
Profitability & Returns
Gross Profit	618.74M	620.94M	409.01M	158.43M	193.91M
Gross Margin	+22.7%	+23.1%	+16.6%	+8.0%	+12.1%
EBIT	330.49M	313.38M	228.23M	-120.59M	-177.62M
EBIT Margin	+12.1%	+11.7%	+9.3%	-6.1%	-11.0%
EBITDA	468.19M	440.21M	350.45M	1.74M	-59.33M
EBITDA Margin	+17.2%	+16.4%	+14.3%	+0.1%	-3.7%
EBT Excluding Unusual Items	418.72M	355.28M	260.41M	-119.65M	-232.80M
Pretax Income	429.51M	377.54M	270.88M	-77.60M	-214.28M
Operating Income	330.49M	313.38M	228.23M	-120.59M	-177.62M
Operating Margin	+12.1%	+11.7%	+9.3%	-6.1%	-11.0%
Profit Margin	+14.8%	+12.2%	+8.6%	-12.4%	-15.8%
Net Income	404.71M	327.03M	211.48M	-244.49M	-254.41M
Net Income to Common	404.71M	327.03M	211.48M	-244.49M	-253.81M
Net Income Growth	+23.8%	+54.6%	—	—	—
Income Tax Expense	24.80M	50.51M	59.41M	166.89M	40.13M
Effective Tax Rate	+5.8%	+13.4%	+21.9%	—	—
Per Share & Capital
EPS (Basic)	2.15	1.74	1.12	-1.30	-1.35
EPS (Diluted)	2.15	1.74	1.12	-1.30	-1.35
EPS Growth	+23.8%	+54.6%	—	—	—
Dividend Per Share	—	2.00	—	—	—
Shares Outstanding (Basic)	188.00M	188.00M	188.00M	188.00M	188.00M
Shares Outstanding (Diluted)	188.00M	188.00M	188.00M	188.00M	188.00M
Free Cash Flow	497.70M	318.73M	199.40M	-29.21M	-95.85M
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
Payout Ratio	+92.9%	+57.3%	—	—	—
Preferred Dividends & Other Adjustments	—	—	—	—	-596.00K

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	2.73B	2.68B	2.46B	1.98B	1.61B
Cost of Revenue	2.11B	2.06B	2.05B	1.82B	1.41B
Gross Profit	618.74M	620.94M	409.01M	158.43M	193.91M
SG&A	291.55M	269.69M	210.29M	285.80M	298.71M
Operating Expenses	288.26M	307.56M	180.78M	279.02M	371.53M
Operating Income	330.49M	313.38M	228.23M	-120.59M	-177.62M
Interest Income	30.23M	27.73M	40.08M	8.08M	6.37M
Interest Expense	-10.27M	-9.92M	-29.70M	-30.55M	-26.21M
Other Income/Expense	-0.02M	—	-1.54M	-0.66M	-0.64M
Pretax Income	429.51M	377.54M	270.88M	-77.60M	-214.28M
Income Tax	24.80M	50.51M	59.41M	166.89M	40.13M
Net Income	404.71M	327.03M	211.48M	-244.49M	-253.81M
EBITDA	468.19M	440.21M	350.45M	1.74M	-59.33M
EBIT	330.49M	313.38M	228.23M	-120.59M	-177.62M
EPS (Basic)	2.15	1.74	1.12	-1.30	-1.35
EPS (Diluted)	2.15	1.74	1.12	-1.30	-1.35
DPS	—	2.00	—	—	—
Margins & Efficiency
Gross Margin %	+22.7%	+23.1%	+16.6%	+8.0%	+12.1%
EBITDA Margin %	+17.2%	+16.4%	+14.3%	+0.1%	-3.7%
Net Margin %	+14.8%	+12.2%	+8.6%	-12.4%	-15.8%
Revenue & Income
Revenue	2.73B	2.68B	2.46B	1.98B	1.61B
Revenue Growth (YoY)	+1.7%	+9.1%	+24.4%	+23.0%	+28.4%
Interest & Investment Income	30.23M	27.73M	40.08M	8.08M	6.37M
Earnings From Equity Investments	67.50M	28.47M	23.34M	24.07M	-34.70M
Gain (Loss) on Sale of Assets	—	5.25M	0.00M	0.94M	4.14M
Gain (Loss) on Sale of Investments	10.79M	17.02M	10.47M	41.12M	14.38M
Currency Exchange Gain (Loss)	0.79M	-4.38M	—	—	—
Expenses & Provisions
Cost of Revenue	2.11B	2.06B	2.05B	1.82B	1.41B
Selling, General & Admin	291.55M	269.69M	210.29M	285.80M	298.71M
Operating Expenses	288.26M	307.56M	180.78M	279.02M	371.53M
Other Operating Expenses	-46.76M	-56.19M	-52.20M	-25.62M	-6.00M
Interest Expense	-10.27M	-9.92M	-29.70M	-30.55M	-26.21M
Other Non Operating Income (Expenses)	-0.02M	—	-1.54M	-0.66M	-0.64M
D&A For EBITDA	137.70M	126.84M	122.22M	122.33M	118.30M
Profitability & Returns
Gross Profit	618.74M	620.94M	409.01M	158.43M	193.91M
Gross Margin	+22.7%	+23.1%	+16.6%	+8.0%	+12.1%
EBIT	330.49M	313.38M	228.23M	-120.59M	-177.62M
EBIT Margin	+12.1%	+11.7%	+9.3%	-6.1%	-11.0%
EBITDA	468.19M	440.21M	350.45M	1.74M	-59.33M
EBITDA Margin	+17.2%	+16.4%	+14.3%	+0.1%	-3.7%
EBT Excluding Unusual Items	418.72M	355.28M	260.41M	-119.65M	-232.80M
Pretax Income	429.51M	377.54M	270.88M	-77.60M	-214.28M
Operating Income	330.49M	313.38M	228.23M	-120.59M	-177.62M
Operating Margin	+12.1%	+11.7%	+9.3%	-6.1%	-11.0%
Profit Margin	+14.8%	+12.2%	+8.6%	-12.4%	-15.8%
Net Income	404.71M	327.03M	211.48M	-244.49M	-254.41M
Net Income to Common	404.71M	327.03M	211.48M	-244.49M	-253.81M
Net Income Growth	+23.8%	+54.6%	—	—	—
Income Tax Expense	24.80M	50.51M	59.41M	166.89M	40.13M
Effective Tax Rate	+5.8%	+13.4%	+21.9%	—	—
Per Share & Capital
EPS (Basic)	2.15	1.74	1.12	-1.30	-1.35
EPS (Diluted)	2.15	1.74	1.12	-1.30	-1.35
EPS Growth	+23.8%	+54.6%	—	—	—
Dividend Per Share	—	2.00	—	—	—
Shares Outstanding (Basic)	188.00M	188.00M	188.00M	188.00M	188.00M
Shares Outstanding (Diluted)	188.00M	188.00M	188.00M	188.00M	188.00M
Free Cash Flow	497.70M	318.73M	199.40M	-29.21M	-95.85M
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
Payout Ratio	+92.9%	+57.3%	—	—	—
Preferred Dividends & Other Adjustments	—	—	—	—	-596.00K