NADEC

National Agricultural Development Co.

6010StocksTadawulConsumer Staples

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
Operating Summary
Revenue	3.53B	3.22B	3.20B	2.69B	2.27B
Cost of Revenue	2.36B	2.04B	2.06B	1.91B	1.66B
Gross Profit	1.17B	1.18B	1.14B	0.79B	0.61B
SG&A	796.79M	750.68M	730.04M	607.41M	613.74M
Operating Expenses	772.76M	722.55M	724.36M	593.72M	674.10M
Operating Income	396.14M	453.88M	416.77M	194.89M	-61.45M
Interest Income	102.53M	91.72M	0.30M	0.30M	0.30M
Interest Expense	-28.40M	-24.95M	-68.27M	-41.46M	-25.87M
Other Income/Expense	-4.85M	-9.29M	-3.84M	-7.37M	-6.15M
Pretax Income	437.13M	827.13M	290.26M	101.49M	-245.33M
Income Tax	43.78M	52.50M	-11.80M	6.00M	39.70M
Net Income	393.35M	774.63M	302.06M	95.49M	-285.03M
EBITDA	632.08M	675.28M	628.24M	405.07M	176.55M
EBIT	396.14M	453.88M	416.77M	194.89M	-61.45M
EPS (Basic)	1.31	2.57	1.77	0.94	-2.80
EPS (Diluted)	1.30	2.57	1.77	0.94	-2.80
Margins & Efficiency
Gross Margin %	+33.1%	+36.5%	+35.7%	+29.3%	+27.0%
EBITDA Margin %	+17.9%	+21.0%	+19.7%	+15.0%	+7.8%
Net Margin %	+11.2%	+24.1%	+9.4%	+3.5%	-12.5%
Revenue & Income
Revenue	3.53B	3.22B	3.20B	2.69B	2.27B
Revenue Growth (YoY)	+9.5%	+0.7%	+18.7%	+18.6%	-1.3%
Interest & Investment Income	102.53M	91.72M	0.30M	0.30M	0.30M
Earnings From Equity Investments	-4.76M	24.04M	21.74M	3.30M	—
Gain (Loss) on Sale of Assets	-27.90M	-59.60M	-48.51M	-33.39M	-45.67M
Gain (Loss) on Sale of Investments	—	356.51M	—	—	—
Currency Exchange Gain (Loss)	4.37M	-5.18M	-3.90M	-4.77M	-22.85M
Expenses & Provisions
Cost of Revenue	2.36B	2.04B	2.06B	1.91B	1.66B
Selling, General & Admin	796.79M	750.68M	730.04M	607.41M	613.74M
Operating Expenses	772.76M	722.55M	724.36M	593.72M	674.10M
Other Operating Expenses	-32.49M	-25.26M	-54.55M	-25.33M	-9.82M
Interest Expense	-28.40M	-24.95M	-68.27M	-41.46M	-25.87M
Other Non Operating Income (Expenses)	-4.85M	-9.29M	-3.84M	-7.37M	-6.15M
Asset Writedown	—	—	-24.03M	-10.01M	-83.65M
D&A For EBITDA	235.95M	221.39M	211.47M	210.18M	238.00M
Profitability & Returns
Gross Profit	1.17B	1.18B	1.14B	0.79B	0.61B
Gross Margin	+33.1%	+36.5%	+35.7%	+29.3%	+27.0%
EBIT	396.14M	453.88M	416.77M	194.89M	-61.45M
EBIT Margin	+11.2%	+14.1%	+13.0%	+7.2%	-2.7%
EBITDA	632.08M	675.28M	628.24M	405.07M	176.55M
EBITDA Margin	+17.9%	+21.0%	+19.7%	+15.0%	+7.8%
EBT Excluding Unusual Items	465.03M	530.22M	362.80M	144.89M	-116.01M
Pretax Income	437.13M	827.13M	290.26M	101.49M	-245.33M
Operating Income	396.14M	453.88M	416.77M	194.89M	-61.45M
Operating Margin	+11.2%	+14.1%	+13.0%	+7.2%	-2.7%
Profit Margin	+11.2%	+24.1%	+9.4%	+3.5%	-12.5%
Net Income	393.35M	774.63M	302.06M	95.49M	-285.03M
Net Income to Common	393.35M	774.63M	302.06M	95.49M	-285.03M
Net Income Growth	-49.2%	+156.4%	+216.3%	—	—
Income Tax Expense	43.78M	52.50M	-11.80M	6.00M	39.70M
Effective Tax Rate	+10.0%	+6.3%	—	+5.9%	—
Per Share & Capital
EPS (Basic)	1.31	2.57	1.77	0.94	-2.80
EPS (Diluted)	1.30	2.57	1.77	0.94	-2.80
EPS Growth	-49.4%	+45.4%	+88.0%	—	—
Shares Change (YoY)	—	0.76	0.68	—	0
Shares Outstanding (Basic)	301.13M	301.64M	171.05M	101.64M	101.64M
Shares Outstanding (Diluted)	301.64M	301.64M	171.05M	101.64M	101.64M
Free Cash Flow	194.56M	395.08M	362.59M	170.62M	-106.75M
Free Cash Flow Margin	+5.5%	+12.3%	+11.3%	+6.3%	-4.7%
Free Cash Flow Per Share	0.65	1.31	2.12	1.68	-1.05
Payout Ratio	0.0%	+0.1%	0.0%	+0.2%	—

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
Operating Summary
Revenue	3.53B	3.22B	3.20B	2.69B	2.27B
Cost of Revenue	2.36B	2.04B	2.06B	1.91B	1.66B
Gross Profit	1.17B	1.18B	1.14B	0.79B	0.61B
SG&A	796.79M	750.68M	730.04M	607.41M	613.74M
Operating Expenses	772.76M	722.55M	724.36M	593.72M	674.10M
Operating Income	396.14M	453.88M	416.77M	194.89M	-61.45M
Interest Income	102.53M	91.72M	0.30M	0.30M	0.30M
Interest Expense	-28.40M	-24.95M	-68.27M	-41.46M	-25.87M
Other Income/Expense	-4.85M	-9.29M	-3.84M	-7.37M	-6.15M
Pretax Income	437.13M	827.13M	290.26M	101.49M	-245.33M
Income Tax	43.78M	52.50M	-11.80M	6.00M	39.70M
Net Income	393.35M	774.63M	302.06M	95.49M	-285.03M
EBITDA	632.08M	675.28M	628.24M	405.07M	176.55M
EBIT	396.14M	453.88M	416.77M	194.89M	-61.45M
EPS (Basic)	1.31	2.57	1.77	0.94	-2.80
EPS (Diluted)	1.30	2.57	1.77	0.94	-2.80
Margins & Efficiency
Gross Margin %	+33.1%	+36.5%	+35.7%	+29.3%	+27.0%
EBITDA Margin %	+17.9%	+21.0%	+19.7%	+15.0%	+7.8%
Net Margin %	+11.2%	+24.1%	+9.4%	+3.5%	-12.5%
Revenue & Income
Revenue	3.53B	3.22B	3.20B	2.69B	2.27B
Revenue Growth (YoY)	+9.5%	+0.7%	+18.7%	+18.6%	-1.3%
Interest & Investment Income	102.53M	91.72M	0.30M	0.30M	0.30M
Earnings From Equity Investments	-4.76M	24.04M	21.74M	3.30M	—
Gain (Loss) on Sale of Assets	-27.90M	-59.60M	-48.51M	-33.39M	-45.67M
Gain (Loss) on Sale of Investments	—	356.51M	—	—	—
Currency Exchange Gain (Loss)	4.37M	-5.18M	-3.90M	-4.77M	-22.85M
Expenses & Provisions
Cost of Revenue	2.36B	2.04B	2.06B	1.91B	1.66B
Selling, General & Admin	796.79M	750.68M	730.04M	607.41M	613.74M
Operating Expenses	772.76M	722.55M	724.36M	593.72M	674.10M
Other Operating Expenses	-32.49M	-25.26M	-54.55M	-25.33M	-9.82M
Interest Expense	-28.40M	-24.95M	-68.27M	-41.46M	-25.87M
Other Non Operating Income (Expenses)	-4.85M	-9.29M	-3.84M	-7.37M	-6.15M
Asset Writedown	—	—	-24.03M	-10.01M	-83.65M
D&A For EBITDA	235.95M	221.39M	211.47M	210.18M	238.00M
Profitability & Returns
Gross Profit	1.17B	1.18B	1.14B	0.79B	0.61B
Gross Margin	+33.1%	+36.5%	+35.7%	+29.3%	+27.0%
EBIT	396.14M	453.88M	416.77M	194.89M	-61.45M
EBIT Margin	+11.2%	+14.1%	+13.0%	+7.2%	-2.7%
EBITDA	632.08M	675.28M	628.24M	405.07M	176.55M
EBITDA Margin	+17.9%	+21.0%	+19.7%	+15.0%	+7.8%
EBT Excluding Unusual Items	465.03M	530.22M	362.80M	144.89M	-116.01M
Pretax Income	437.13M	827.13M	290.26M	101.49M	-245.33M
Operating Income	396.14M	453.88M	416.77M	194.89M	-61.45M
Operating Margin	+11.2%	+14.1%	+13.0%	+7.2%	-2.7%
Profit Margin	+11.2%	+24.1%	+9.4%	+3.5%	-12.5%
Net Income	393.35M	774.63M	302.06M	95.49M	-285.03M
Net Income to Common	393.35M	774.63M	302.06M	95.49M	-285.03M
Net Income Growth	-49.2%	+156.4%	+216.3%	—	—
Income Tax Expense	43.78M	52.50M	-11.80M	6.00M	39.70M
Effective Tax Rate	+10.0%	+6.3%	—	+5.9%	—
Per Share & Capital
EPS (Basic)	1.31	2.57	1.77	0.94	-2.80
EPS (Diluted)	1.30	2.57	1.77	0.94	-2.80
EPS Growth	-49.4%	+45.4%	+88.0%	—	—
Shares Change (YoY)	—	0.76	0.68	—	0
Shares Outstanding (Basic)	301.13M	301.64M	171.05M	101.64M	101.64M
Shares Outstanding (Diluted)	301.64M	301.64M	171.05M	101.64M	101.64M
Free Cash Flow	194.56M	395.08M	362.59M	170.62M	-106.75M
Free Cash Flow Margin	+5.5%	+12.3%	+11.3%	+6.3%	-4.7%
Free Cash Flow Per Share	0.65	1.31	2.12	1.68	-1.05
Payout Ratio	0.0%	+0.1%	0.0%	+0.2%	—