GAS

Gas Arabian Services Co

4146StocksTadawulEnergy

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	1.44B	1.09B	0.72B	0.50B	0.39B
Cost of Revenue	1.22B	0.92B	0.60B	0.38B	0.28B
Gross Profit	221.74M	168.89M	120.56M	113.29M	103.36M
SG&A	112.21M	81.86M	62.37M	71.70M	62.07M
Operating Expenses	115.38M	86.05M	75.45M	70.67M	65.99M
Operating Income	106.36M	82.84M	45.11M	42.62M	37.36M
Interest Income	1.86M	3.24M	—	—	—
Interest Expense	-0.58M	-0.42M	-0.37M	-0.36M	-1.18M
Other Income/Expense	5.04M	4.91M	4.59M	3.66M	6.56M
Pretax Income	155.53M	118.63M	88.26M	73.52M	64.69M
Income Tax	4.74M	4.67M	6.79M	6.13M	4.63M
Net Income	150.79M	113.96M	81.47M	67.38M	60.06M
EBITDA	143.79M	94.35M	50.56M	46.54M	40.60M
EBIT	106.36M	82.84M	45.11M	42.62M	37.36M
EPS (Basic)	0.96	0.72	0.52	0.43	0.39
EPS (Diluted)	0.95	0.72	0.52	0.43	0.39
DPS	0.50	0.38	—	0.23	—
Margins & Efficiency
Gross Margin %	+15.4%	+15.5%	+16.7%	+22.8%	+26.7%
EBITDA Margin %	+10.0%	+8.6%	+7.0%	+9.4%	+10.5%
Net Margin %	+10.5%	+10.4%	+11.3%	+13.6%	+15.5%
Revenue & Income
Revenue	1.44B	1.09B	0.72B	0.50B	0.39B
Revenue Growth (YoY)	+31.8%	+51.5%	+45.5%	+28.4%	+20.0%
Interest & Investment Income	1.86M	3.24M	—	—	—
Earnings From Equity Investments	42.64M	27.93M	37.60M	31.34M	22.07M
Gain (Loss) on Sale of Assets	208.04K	123.96K	152.29K	19.81K	0.95K
Gain (Loss) on Sale of Investments	—	—	1.18M	-3.76M	-0.13M
Expenses & Provisions
Cost of Revenue	1.22B	0.92B	0.60B	0.38B	0.28B
Selling, General & Admin	112.21M	81.86M	62.37M	71.70M	62.07M
Operating Expenses	115.38M	86.05M	75.45M	70.67M	65.99M
Other Operating Expenses	—	—	3.76M	—	—
Interest Expense	-0.58M	-0.42M	-0.37M	-0.36M	-1.18M
Other Non Operating Income (Expenses)	5.04M	4.91M	4.59M	3.66M	6.56M
D&A For EBITDA	37.43M	11.51M	5.44M	3.92M	3.23M
Profitability & Returns
Gross Profit	221.74M	168.89M	120.56M	113.29M	103.36M
Gross Margin	+15.4%	+15.5%	+16.7%	+22.8%	+26.7%
EBIT	106.36M	82.84M	45.11M	42.62M	37.36M
EBIT Margin	+7.4%	+7.6%	+6.3%	+8.6%	+9.7%
EBITDA	143.79M	94.35M	50.56M	46.54M	40.60M
EBITDA Margin	+10.0%	+8.6%	+7.0%	+9.4%	+10.5%
EBT Excluding Unusual Items	155.32M	118.50M	86.93M	77.26M	64.82M
Pretax Income	155.53M	118.63M	88.26M	73.52M	64.69M
Operating Income	106.36M	82.84M	45.11M	42.62M	37.36M
Operating Margin	+7.4%	+7.6%	+6.3%	+8.6%	+9.7%
Profit Margin	+10.5%	+10.4%	+11.3%	+13.6%	+15.5%
Net Income	150.79M	113.96M	81.47M	67.38M	60.06M
Net Income to Common	150.79M	113.96M	81.47M	67.38M	60.06M
Net Income Growth	+32.3%	+39.9%	+20.9%	+12.2%	-18.1%
Income Tax Expense	4.74M	4.67M	6.79M	6.13M	4.63M
Effective Tax Rate	+3.0%	+3.9%	+7.7%	+8.3%	+7.2%
Per Share & Capital
EPS (Basic)	0.96	0.72	0.52	0.43	0.39
EPS (Diluted)	0.95	0.72	0.52	0.43	0.39
EPS Growth	+32.3%	+39.9%	+20.9%	+9.9%	-20.6%
Dividend Per Share	0.50	0.38	—	0.23	—
Shares Change (YoY)	—	—	—	0.02	0.03
Shares Outstanding (Basic)	157.59M	157.59M	157.77M	158.00M	154.82M
Shares Outstanding (Diluted)	158.00M	158.00M	158.00M	158.00M	154.82M
Dividend Growth	+31.6%	—	—	—	—
Free Cash Flow	23.40M	131.77M	26.04M	63.33M	-17.33M
Free Cash Flow Margin	+1.6%	+12.1%	+3.6%	+12.8%	-4.5%
Free Cash Flow Per Share	0.15	0.83	0.17	0.40	-0.11
Payout Ratio	+44.9%	+62.2%	+43.6%	+46.9%	+50.0%

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	1.44B	1.09B	0.72B	0.50B	0.39B
Cost of Revenue	1.22B	0.92B	0.60B	0.38B	0.28B
Gross Profit	221.74M	168.89M	120.56M	113.29M	103.36M
SG&A	112.21M	81.86M	62.37M	71.70M	62.07M
Operating Expenses	115.38M	86.05M	75.45M	70.67M	65.99M
Operating Income	106.36M	82.84M	45.11M	42.62M	37.36M
Interest Income	1.86M	3.24M	—	—	—
Interest Expense	-0.58M	-0.42M	-0.37M	-0.36M	-1.18M
Other Income/Expense	5.04M	4.91M	4.59M	3.66M	6.56M
Pretax Income	155.53M	118.63M	88.26M	73.52M	64.69M
Income Tax	4.74M	4.67M	6.79M	6.13M	4.63M
Net Income	150.79M	113.96M	81.47M	67.38M	60.06M
EBITDA	143.79M	94.35M	50.56M	46.54M	40.60M
EBIT	106.36M	82.84M	45.11M	42.62M	37.36M
EPS (Basic)	0.96	0.72	0.52	0.43	0.39
EPS (Diluted)	0.95	0.72	0.52	0.43	0.39
DPS	0.50	0.38	—	0.23	—
Margins & Efficiency
Gross Margin %	+15.4%	+15.5%	+16.7%	+22.8%	+26.7%
EBITDA Margin %	+10.0%	+8.6%	+7.0%	+9.4%	+10.5%
Net Margin %	+10.5%	+10.4%	+11.3%	+13.6%	+15.5%
Revenue & Income
Revenue	1.44B	1.09B	0.72B	0.50B	0.39B
Revenue Growth (YoY)	+31.8%	+51.5%	+45.5%	+28.4%	+20.0%
Interest & Investment Income	1.86M	3.24M	—	—	—
Earnings From Equity Investments	42.64M	27.93M	37.60M	31.34M	22.07M
Gain (Loss) on Sale of Assets	208.04K	123.96K	152.29K	19.81K	0.95K
Gain (Loss) on Sale of Investments	—	—	1.18M	-3.76M	-0.13M
Expenses & Provisions
Cost of Revenue	1.22B	0.92B	0.60B	0.38B	0.28B
Selling, General & Admin	112.21M	81.86M	62.37M	71.70M	62.07M
Operating Expenses	115.38M	86.05M	75.45M	70.67M	65.99M
Other Operating Expenses	—	—	3.76M	—	—
Interest Expense	-0.58M	-0.42M	-0.37M	-0.36M	-1.18M
Other Non Operating Income (Expenses)	5.04M	4.91M	4.59M	3.66M	6.56M
D&A For EBITDA	37.43M	11.51M	5.44M	3.92M	3.23M
Profitability & Returns
Gross Profit	221.74M	168.89M	120.56M	113.29M	103.36M
Gross Margin	+15.4%	+15.5%	+16.7%	+22.8%	+26.7%
EBIT	106.36M	82.84M	45.11M	42.62M	37.36M
EBIT Margin	+7.4%	+7.6%	+6.3%	+8.6%	+9.7%
EBITDA	143.79M	94.35M	50.56M	46.54M	40.60M
EBITDA Margin	+10.0%	+8.6%	+7.0%	+9.4%	+10.5%
EBT Excluding Unusual Items	155.32M	118.50M	86.93M	77.26M	64.82M
Pretax Income	155.53M	118.63M	88.26M	73.52M	64.69M
Operating Income	106.36M	82.84M	45.11M	42.62M	37.36M
Operating Margin	+7.4%	+7.6%	+6.3%	+8.6%	+9.7%
Profit Margin	+10.5%	+10.4%	+11.3%	+13.6%	+15.5%
Net Income	150.79M	113.96M	81.47M	67.38M	60.06M
Net Income to Common	150.79M	113.96M	81.47M	67.38M	60.06M
Net Income Growth	+32.3%	+39.9%	+20.9%	+12.2%	-18.1%
Income Tax Expense	4.74M	4.67M	6.79M	6.13M	4.63M
Effective Tax Rate	+3.0%	+3.9%	+7.7%	+8.3%	+7.2%
Per Share & Capital
EPS (Basic)	0.96	0.72	0.52	0.43	0.39
EPS (Diluted)	0.95	0.72	0.52	0.43	0.39
EPS Growth	+32.3%	+39.9%	+20.9%	+9.9%	-20.6%
Dividend Per Share	0.50	0.38	—	0.23	—
Shares Change (YoY)	—	—	—	0.02	0.03
Shares Outstanding (Basic)	157.59M	157.59M	157.77M	158.00M	154.82M
Shares Outstanding (Diluted)	158.00M	158.00M	158.00M	158.00M	154.82M
Dividend Growth	+31.6%	—	—	—	—
Free Cash Flow	23.40M	131.77M	26.04M	63.33M	-17.33M
Free Cash Flow Margin	+1.6%	+12.1%	+3.6%	+12.8%	-4.5%
Free Cash Flow Per Share	0.15	0.83	0.17	0.40	-0.11
Payout Ratio	+44.9%	+62.2%	+43.6%	+46.9%	+50.0%