RED SEA

Red Sea International Co.

4230StocksTadawulIndustrials

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	50.42M	-36.26M	19.68M	10.77M	-10.49M
Free Cash Flow	21.28M	-82.07M	9.50M	9.32M	-11.16M
Capital Expenditures	-29.14M	-45.81M	-10.18M	-1.45M	-0.67M
Investing & Financing
Investing Cash Flow	-60.53M	-63.71M	-127.94M	-3.79M	-3.99M
Financing Cash Flow	45.35M	-31.46M	233.97M	19.52M	-11.57M
Operating Activities
Operating Cash Flow	50.42M	-36.26M	19.68M	10.77M	-10.49M
Net Income	-55.02M	-62.37M	-48.02M	-196.13M	-130.44M
Change in Accounts Payable	211.49M	116.11M	13.80M	-22.21M	56.74M
Change in Accounts Receivable	-430.78M	-536.75M	-228.82M	16.10M	16.69M
Change in Inventory	61.40M	75.25M	39.03M	68.71M	-45.73M
Change in Other Net Operating Assets	148.03M	56.12M	-147.60M	1.81M	9.91M
Change in Unearned Revenue	-207.96M	-4.07M	233.58M	30.42M	-6.76M
Change in Working Capital	-217.82M	-293.34M	-90.00M	94.83M	30.85M
Other Operating Activities	67.15M	102.23M	37.78M	1.25M	2.22M
Provision & Write-off of Bad Debts	24.68M	38.01M	7.61M	45.07M	9.14M
Depreciation & Amortization	182.65M	183.51M	95.37M	66.56M	74.57M
Other Amortization	449.00K	723.00K	734.00K	856.00K	907.00K
Cash Interest Paid	40.29M	35.21M	17.44M	9.46M	7.84M
Cash Income Tax Paid	—	—	—	41.00K	18.00K
Miscellaneous Cash Flow Adjustments	—	—	—	—	—
Loss (Gain) on Equity Investments	—	—	—	0.62M	2.23M
Asset Writedown & Restructuring Costs	58.93M	8.62M	23.05M	0.11M	—
Investing Activities
Investing Cash Flow	-60.53M	-63.71M	-127.94M	-3.79M	-3.99M
Capital Expenditures	-29.14M	-45.81M	-10.18M	-1.45M	-0.67M
Cash Acquisitions	—	—	-124.14M	—	—
Other Investing Activities	0.51M	-4.84M	0.53M	—	—
Sale (Purchase) of Intangibles	—	-73.00K	-215.00K	—	-7.00K
Sale (Purchase) of Real Estate	-34.93M	-14.57M	-0.01M	-7.04M	-3.32M
Sale of Property, Plant & Equipment	3.03M	1.59M	6.08M	4.71M	—
Loss (Gain) From Sale of Assets	-0.02M	-0.99M	1.55M	-1.94M	0.04M
Loss (Gain) on Sale of Investments	—	—	—	7.31M	—
Financing Activities
Financing Cash Flow	45.35M	-31.46M	233.97M	19.52M	-11.57M
Long-Term Debt Issued	1.28B	0.27B	0.32B	0.03B	0.13B
Short-Term Debt Issued	—	—	35.20M	46.03M	—
Total Debt Issued	1.28B	0.27B	0.36B	0.07B	0.13B
Long-Term Debt Repaid	-1.24B	-0.30B	-0.12B	-0.06B	-0.14B
Total Debt Repaid	-1.24B	-0.30B	-0.12B	-0.06B	-0.14B
Net Debt Issued (Repaid)	45.35M	-31.46M	233.97M	19.52M	-11.57M
Free Cash Flow & Returns
Free Cash Flow	21.28M	-82.07M	9.50M	9.32M	-11.16M
Free Cash Flow Growth	—	—	+2.0%	—	—
Free Cash Flow Margin	+0.6%	-2.8%	+0.7%	+2.3%	-2.4%
Free Cash Flow Per Share	0.66	-2.72	0.31	0.31	-0.37
Levered Free Cash Flow	-253.79M	-63.17M	324.62M	51.46M	44.64M
Unlevered Free Cash Flow	-233.11M	-45.89M	331.65M	53.69M	49.45M
Operating Cash Flow Growth	—	—	+82.7%	—	—
Net Cash Flow	35.25M	-131.43M	125.71M	26.50M	-25.76M
Foreign Exchange Rate Adjustments	—	—	—	—	0.29M

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	50.42M	-36.26M	19.68M	10.77M	-10.49M
Free Cash Flow	21.28M	-82.07M	9.50M	9.32M	-11.16M
Capital Expenditures	-29.14M	-45.81M	-10.18M	-1.45M	-0.67M
Investing & Financing
Investing Cash Flow	-60.53M	-63.71M	-127.94M	-3.79M	-3.99M
Financing Cash Flow	45.35M	-31.46M	233.97M	19.52M	-11.57M
Operating Activities
Operating Cash Flow	50.42M	-36.26M	19.68M	10.77M	-10.49M
Net Income	-55.02M	-62.37M	-48.02M	-196.13M	-130.44M
Change in Accounts Payable	211.49M	116.11M	13.80M	-22.21M	56.74M
Change in Accounts Receivable	-430.78M	-536.75M	-228.82M	16.10M	16.69M
Change in Inventory	61.40M	75.25M	39.03M	68.71M	-45.73M
Change in Other Net Operating Assets	148.03M	56.12M	-147.60M	1.81M	9.91M
Change in Unearned Revenue	-207.96M	-4.07M	233.58M	30.42M	-6.76M
Change in Working Capital	-217.82M	-293.34M	-90.00M	94.83M	30.85M
Other Operating Activities	67.15M	102.23M	37.78M	1.25M	2.22M
Provision & Write-off of Bad Debts	24.68M	38.01M	7.61M	45.07M	9.14M
Depreciation & Amortization	182.65M	183.51M	95.37M	66.56M	74.57M
Other Amortization	449.00K	723.00K	734.00K	856.00K	907.00K
Cash Interest Paid	40.29M	35.21M	17.44M	9.46M	7.84M
Cash Income Tax Paid	—	—	—	41.00K	18.00K
Miscellaneous Cash Flow Adjustments	—	—	—	—	—
Loss (Gain) on Equity Investments	—	—	—	0.62M	2.23M
Asset Writedown & Restructuring Costs	58.93M	8.62M	23.05M	0.11M	—
Investing Activities
Investing Cash Flow	-60.53M	-63.71M	-127.94M	-3.79M	-3.99M
Capital Expenditures	-29.14M	-45.81M	-10.18M	-1.45M	-0.67M
Cash Acquisitions	—	—	-124.14M	—	—
Other Investing Activities	0.51M	-4.84M	0.53M	—	—
Sale (Purchase) of Intangibles	—	-73.00K	-215.00K	—	-7.00K
Sale (Purchase) of Real Estate	-34.93M	-14.57M	-0.01M	-7.04M	-3.32M
Sale of Property, Plant & Equipment	3.03M	1.59M	6.08M	4.71M	—
Loss (Gain) From Sale of Assets	-0.02M	-0.99M	1.55M	-1.94M	0.04M
Loss (Gain) on Sale of Investments	—	—	—	7.31M	—
Financing Activities
Financing Cash Flow	45.35M	-31.46M	233.97M	19.52M	-11.57M
Long-Term Debt Issued	1.28B	0.27B	0.32B	0.03B	0.13B
Short-Term Debt Issued	—	—	35.20M	46.03M	—
Total Debt Issued	1.28B	0.27B	0.36B	0.07B	0.13B
Long-Term Debt Repaid	-1.24B	-0.30B	-0.12B	-0.06B	-0.14B
Total Debt Repaid	-1.24B	-0.30B	-0.12B	-0.06B	-0.14B
Net Debt Issued (Repaid)	45.35M	-31.46M	233.97M	19.52M	-11.57M
Free Cash Flow & Returns
Free Cash Flow	21.28M	-82.07M	9.50M	9.32M	-11.16M
Free Cash Flow Growth	—	—	+2.0%	—	—
Free Cash Flow Margin	+0.6%	-2.8%	+0.7%	+2.3%	-2.4%
Free Cash Flow Per Share	0.66	-2.72	0.31	0.31	-0.37
Levered Free Cash Flow	-253.79M	-63.17M	324.62M	51.46M	44.64M
Unlevered Free Cash Flow	-233.11M	-45.89M	331.65M	53.69M	49.45M
Operating Cash Flow Growth	—	—	+82.7%	—	—
Net Cash Flow	35.25M	-131.43M	125.71M	26.50M	-25.76M
Foreign Exchange Rate Adjustments	—	—	—	—	0.29M