SAL

SAL Saudi Logistics Services Company

4263StocksTadawulTransportation

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	957.42M	791.47M	695.73M	555.80M	386.62M
Free Cash Flow	817.05M	724.62M	626.09M	459.26M	241.54M
Capital Expenditures	-140.37M	-66.84M	-69.65M	-96.54M	-145.08M
Investing & Financing
Investing Cash Flow	-143.81M	432.44M	-596.35M	281.73M	-527.59M
Financing Cash Flow	-633.52M	-572.29M	-329.03M	-389.05M	-82.08M
Dividends Paid	-478.40M	-493.60M	-352.00M	-255.00M	-100.00M
Operating Activities
Operating Cash Flow	957.42M	791.47M	695.73M	555.80M	386.62M
Net Income	697.89M	661.44M	509.72M	362.41M	275.56M
Change in Accounts Payable	-8.40M	82.66M	-20.19M	49.11M	0.37M
Change in Accounts Receivable	96.36M	-73.19M	-176.68M	-64.18M	17.44M
Change in Inventory	—	—	30.76M	-30.76M	—
Change in Other Net Operating Assets	8.79M	-27.11M	82.23M	28.03M	-104.28M
Change in Working Capital	96.76M	-17.65M	-83.88M	-17.80M	-86.47M
Other Operating Activities	51.63M	58.92M	114.80M	75.77M	78.68M
Provision & Write-off of Bad Debts	-0.57M	-16.63M	19.41M	16.52M	9.16M
Depreciation & Amortization	111.71M	105.29M	134.70M	118.90M	109.70M
Other Amortization	—	—	250.00K	—	—
Cash Interest Paid	62.79M	49.85M	74.77M	74.92M	—
Asset Writedown & Restructuring Costs	—	—	762.00K	—	—
Investing Activities
Investing Cash Flow	-143.81M	432.44M	-596.35M	281.73M	-527.59M
Capital Expenditures	-140.37M	-66.84M	-69.65M	-96.54M	-145.08M
Investment in Securities	—	500.00M	-500.00M	380.00M	-380.00M
Sale (Purchase) of Intangibles	-3.45M	-0.72M	-3.20M	-1.73M	-2.51M
Sale of Property, Plant & Equipment	—	—	79.00K	—	—
Loss (Gain) From Sale of Assets	—	98.00K	-20.00K	—	3.00K
Financing Activities
Financing Cash Flow	-633.52M	-572.29M	-329.03M	-389.05M	-82.08M
Common Dividends Paid	-478.40M	-493.60M	-352.00M	-255.00M	-100.00M
Long-Term Debt Issued	—	55.45M	103.11M	—	500.00M
Total Debt Issued	—	55.45M	103.11M	—	500.00M
Long-Term Debt Repaid	-103.90M	-105.75M	-23.75M	-64.30M	-97.29M
Short-Term Debt Repaid	—	—	—	—	-384.79M
Total Debt Repaid	-103.90M	-105.75M	-23.75M	-64.30M	-482.08M
Net Debt Issued (Repaid)	-103.90M	-50.30M	79.35M	-64.30M	17.92M
Other Financing Activities	-51.22M	-28.39M	-56.38M	-69.75M	—
Free Cash Flow & Returns
Free Cash Flow	817.05M	724.62M	626.09M	459.26M	241.54M
Free Cash Flow Growth	+12.8%	+15.7%	+36.3%	+90.1%	+38.5%
Free Cash Flow Margin	+47.8%	+44.3%	+43.0%	+37.6%	+25.1%
Free Cash Flow Per Share	10.21	9.06	7.83	5.74	3.99
Levered Free Cash Flow	506.28M	388.07M	332.42M	161.18M	59.27M
Unlevered Free Cash Flow	540.52M	433.54M	385.53M	207.92M	103.29M
Operating Cash Flow Growth	+21.0%	+13.8%	+25.2%	+43.8%	+9.9%
Net Cash Flow	180.08M	651.62M	-229.64M	448.48M	-223.05M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	957.42M	791.47M	695.73M	555.80M	386.62M
Free Cash Flow	817.05M	724.62M	626.09M	459.26M	241.54M
Capital Expenditures	-140.37M	-66.84M	-69.65M	-96.54M	-145.08M
Investing & Financing
Investing Cash Flow	-143.81M	432.44M	-596.35M	281.73M	-527.59M
Financing Cash Flow	-633.52M	-572.29M	-329.03M	-389.05M	-82.08M
Dividends Paid	-478.40M	-493.60M	-352.00M	-255.00M	-100.00M
Operating Activities
Operating Cash Flow	957.42M	791.47M	695.73M	555.80M	386.62M
Net Income	697.89M	661.44M	509.72M	362.41M	275.56M
Change in Accounts Payable	-8.40M	82.66M	-20.19M	49.11M	0.37M
Change in Accounts Receivable	96.36M	-73.19M	-176.68M	-64.18M	17.44M
Change in Inventory	—	—	30.76M	-30.76M	—
Change in Other Net Operating Assets	8.79M	-27.11M	82.23M	28.03M	-104.28M
Change in Working Capital	96.76M	-17.65M	-83.88M	-17.80M	-86.47M
Other Operating Activities	51.63M	58.92M	114.80M	75.77M	78.68M
Provision & Write-off of Bad Debts	-0.57M	-16.63M	19.41M	16.52M	9.16M
Depreciation & Amortization	111.71M	105.29M	134.70M	118.90M	109.70M
Other Amortization	—	—	250.00K	—	—
Cash Interest Paid	62.79M	49.85M	74.77M	74.92M	—
Asset Writedown & Restructuring Costs	—	—	762.00K	—	—
Investing Activities
Investing Cash Flow	-143.81M	432.44M	-596.35M	281.73M	-527.59M
Capital Expenditures	-140.37M	-66.84M	-69.65M	-96.54M	-145.08M
Investment in Securities	—	500.00M	-500.00M	380.00M	-380.00M
Sale (Purchase) of Intangibles	-3.45M	-0.72M	-3.20M	-1.73M	-2.51M
Sale of Property, Plant & Equipment	—	—	79.00K	—	—
Loss (Gain) From Sale of Assets	—	98.00K	-20.00K	—	3.00K
Financing Activities
Financing Cash Flow	-633.52M	-572.29M	-329.03M	-389.05M	-82.08M
Common Dividends Paid	-478.40M	-493.60M	-352.00M	-255.00M	-100.00M
Long-Term Debt Issued	—	55.45M	103.11M	—	500.00M
Total Debt Issued	—	55.45M	103.11M	—	500.00M
Long-Term Debt Repaid	-103.90M	-105.75M	-23.75M	-64.30M	-97.29M
Short-Term Debt Repaid	—	—	—	—	-384.79M
Total Debt Repaid	-103.90M	-105.75M	-23.75M	-64.30M	-482.08M
Net Debt Issued (Repaid)	-103.90M	-50.30M	79.35M	-64.30M	17.92M
Other Financing Activities	-51.22M	-28.39M	-56.38M	-69.75M	—
Free Cash Flow & Returns
Free Cash Flow	817.05M	724.62M	626.09M	459.26M	241.54M
Free Cash Flow Growth	+12.8%	+15.7%	+36.3%	+90.1%	+38.5%
Free Cash Flow Margin	+47.8%	+44.3%	+43.0%	+37.6%	+25.1%
Free Cash Flow Per Share	10.21	9.06	7.83	5.74	3.99
Levered Free Cash Flow	506.28M	388.07M	332.42M	161.18M	59.27M
Unlevered Free Cash Flow	540.52M	433.54M	385.53M	207.92M	103.29M
Operating Cash Flow Growth	+21.0%	+13.8%	+25.2%	+43.8%	+9.9%
Net Cash Flow	180.08M	651.62M	-229.64M	448.48M	-223.05M