ELM

Elm Company

7203StocksTadawulTechnology

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	9.46B	7.41B	5.90B	4.61B	3.83B
Cost of Revenue	5.79B	4.38B	3.57B	2.72B	2.63B
Gross Profit	3.67B	3.03B	2.33B	1.88B	1.20B
SG&A	1.15B	0.89B	0.71B	0.60B	0.38B
R&D	105.38M	75.53M	51.59M	—	—
Operating Expenses	1.61B	1.31B	0.97B	0.87B	0.58B
Operating Income	2.06B	1.72B	1.36B	1.01B	0.61B
Interest Income	134.68M	145.48M	127.86M	41.23M	9.01M
Interest Expense	-105.80M	-28.45M	-5.86M	-7.94M	-4.78M
Other Income/Expense	58.76M	40.14M	29.30M	19.43M	1.96M
Pretax Income	2.14B	1.95B	1.47B	1.02B	0.65B
Income Tax	45.71M	127.02M	117.06M	92.89M	81.73M
Net Income	2.09B	1.83B	1.36B	0.93B	0.57B
EBITDA	2.22B	1.84B	1.45B	1.10B	0.70B
EBIT	2.06B	1.72B	1.36B	1.01B	0.61B
EPS (Basic)	26.86	23.51	17.46	11.94	7.09
EPS (Diluted)	26.80	23.44	16.95	11.63	7.09
DPS	—	7.50	7.00	5.00	3.00
Margins & Efficiency
Gross Margin %	+38.8%	+40.9%	+39.5%	+40.8%	+31.2%
EBITDA Margin %	+23.5%	+24.9%	+24.6%	+24.0%	+18.2%
Net Margin %	+22.1%	+24.7%	+23.0%	+20.2%	+14.8%
Revenue & Income
Revenue	9.46B	7.41B	5.90B	4.61B	3.83B
Revenue Growth (YoY)	+27.8%	+25.6%	+28.1%	+20.3%	+55.2%
Interest & Investment Income	134.68M	145.48M	127.86M	41.23M	9.01M
Earnings From Equity Investments	-4.46M	-1.64M	-11.95M	-1.10M	3.13M
Gain (Loss) on Sale of Assets	-0.73M	62.77M	0.02M	—	—
Gain (Loss) on Sale of Investments	23.69M	34.21M	-15.97M	-0.40M	24.69M
Currency Exchange Gain (Loss)	-60.43K	911.49K	-728.89K	-529.47K	—
Expenses & Provisions
Advertising Expenses	80.96M	60.90M	38.64M	18.98M	10.21M
Cost of Revenue	5.79B	4.38B	3.57B	2.72B	2.63B
Selling, General & Admin	1.15B	0.89B	0.71B	0.60B	0.38B
Research & Development	105.38M	75.53M	51.59M	—	—
Operating Expenses	1.61B	1.31B	0.97B	0.87B	0.58B
Interest Expense	-105.80M	-28.45M	-5.86M	-7.94M	-4.78M
Other Non Operating Income (Expenses)	58.76M	40.14M	29.30M	19.43M	1.96M
Legal Settlements	—	—	—	—	—
Asset Writedown	-30.21M	-21.34M	-5.92M	-36.46M	—
D&A For EBITDA	159.48M	123.20M	93.26M	94.99M	82.63M
Profitability & Returns
Gross Profit	3.67B	3.03B	2.33B	1.88B	1.20B
Gross Margin	+38.8%	+40.9%	+39.5%	+40.9%	+31.2%
EBIT	2.06B	1.72B	1.36B	1.01B	0.61B
EBIT Margin	+21.8%	+23.2%	+23.0%	+21.9%	+16.1%
EBITDA	2.22B	1.84B	1.45B	1.10B	0.70B
EBITDA Margin	+23.5%	+24.9%	+24.6%	+24.0%	+18.2%
EBT Excluding Unusual Items	2.14B	1.88B	1.50B	1.06B	0.62B
Pretax Income	2.14B	1.95B	1.47B	1.02B	0.65B
Operating Income	2.06B	1.72B	1.36B	1.01B	0.61B
Operating Margin	+21.8%	+23.2%	+23.0%	+21.9%	+16.1%
Profit Margin	+22.1%	+24.7%	+23.0%	+20.2%	+14.8%
Net Income	2.09B	1.83B	1.36B	0.93B	0.57B
Net Income to Common	2.09B	1.83B	1.36B	0.93B	0.57B
Net Income Growth	+14.4%	+34.7%	+45.8%	+64.1%	+84.9%
Earnings From Continuing Ops.	2.09B	1.83B	1.36B	0.93B	0.57B
Minority Interest in Earnings	28.11K	23.12K	36.00K	—	—
Income Tax Expense	45.71M	127.02M	117.06M	92.89M	81.73M
Effective Tax Rate	+2.1%	+6.5%	+7.9%	+9.1%	+12.6%
Per Share & Capital
EPS (Basic)	26.86	23.51	17.46	11.94	7.09
EPS (Diluted)	26.80	23.44	16.95	11.63	7.09
EPS Growth	+14.3%	+38.3%	+45.7%	+64.1%	+84.9%
Dividend Per Share	—	7.50	7.00	5.00	3.00
Shares Change (YoY)	0	-0.03	—	—	—
Shares Outstanding (Basic)	77.82M	77.69M	77.68M	77.90M	80.00M
Shares Outstanding (Diluted)	78.01M	77.93M	80.00M	80.00M	80.00M
Dividend Growth	—	+7.1%	+40.0%	+66.7%	—
Free Cash Flow	2.34B	1.43B	1.38B	1.63B	0.51B
Free Cash Flow Margin	+24.7%	+19.3%	+23.5%	+35.3%	+13.4%
Free Cash Flow Per Share	30.03	18.37	17.31	20.34	6.42
Payout Ratio	+31.6%	+31.9%	+34.4%	+41.7%	—

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	9.46B	7.41B	5.90B	4.61B	3.83B
Cost of Revenue	5.79B	4.38B	3.57B	2.72B	2.63B
Gross Profit	3.67B	3.03B	2.33B	1.88B	1.20B
SG&A	1.15B	0.89B	0.71B	0.60B	0.38B
R&D	105.38M	75.53M	51.59M	—	—
Operating Expenses	1.61B	1.31B	0.97B	0.87B	0.58B
Operating Income	2.06B	1.72B	1.36B	1.01B	0.61B
Interest Income	134.68M	145.48M	127.86M	41.23M	9.01M
Interest Expense	-105.80M	-28.45M	-5.86M	-7.94M	-4.78M
Other Income/Expense	58.76M	40.14M	29.30M	19.43M	1.96M
Pretax Income	2.14B	1.95B	1.47B	1.02B	0.65B
Income Tax	45.71M	127.02M	117.06M	92.89M	81.73M
Net Income	2.09B	1.83B	1.36B	0.93B	0.57B
EBITDA	2.22B	1.84B	1.45B	1.10B	0.70B
EBIT	2.06B	1.72B	1.36B	1.01B	0.61B
EPS (Basic)	26.86	23.51	17.46	11.94	7.09
EPS (Diluted)	26.80	23.44	16.95	11.63	7.09
DPS	—	7.50	7.00	5.00	3.00
Margins & Efficiency
Gross Margin %	+38.8%	+40.9%	+39.5%	+40.8%	+31.2%
EBITDA Margin %	+23.5%	+24.9%	+24.6%	+24.0%	+18.2%
Net Margin %	+22.1%	+24.7%	+23.0%	+20.2%	+14.8%
Revenue & Income
Revenue	9.46B	7.41B	5.90B	4.61B	3.83B
Revenue Growth (YoY)	+27.8%	+25.6%	+28.1%	+20.3%	+55.2%
Interest & Investment Income	134.68M	145.48M	127.86M	41.23M	9.01M
Earnings From Equity Investments	-4.46M	-1.64M	-11.95M	-1.10M	3.13M
Gain (Loss) on Sale of Assets	-0.73M	62.77M	0.02M	—	—
Gain (Loss) on Sale of Investments	23.69M	34.21M	-15.97M	-0.40M	24.69M
Currency Exchange Gain (Loss)	-60.43K	911.49K	-728.89K	-529.47K	—
Expenses & Provisions
Advertising Expenses	80.96M	60.90M	38.64M	18.98M	10.21M
Cost of Revenue	5.79B	4.38B	3.57B	2.72B	2.63B
Selling, General & Admin	1.15B	0.89B	0.71B	0.60B	0.38B
Research & Development	105.38M	75.53M	51.59M	—	—
Operating Expenses	1.61B	1.31B	0.97B	0.87B	0.58B
Interest Expense	-105.80M	-28.45M	-5.86M	-7.94M	-4.78M
Other Non Operating Income (Expenses)	58.76M	40.14M	29.30M	19.43M	1.96M
Legal Settlements	—	—	—	—	—
Asset Writedown	-30.21M	-21.34M	-5.92M	-36.46M	—
D&A For EBITDA	159.48M	123.20M	93.26M	94.99M	82.63M
Profitability & Returns
Gross Profit	3.67B	3.03B	2.33B	1.88B	1.20B
Gross Margin	+38.8%	+40.9%	+39.5%	+40.9%	+31.2%
EBIT	2.06B	1.72B	1.36B	1.01B	0.61B
EBIT Margin	+21.8%	+23.2%	+23.0%	+21.9%	+16.1%
EBITDA	2.22B	1.84B	1.45B	1.10B	0.70B
EBITDA Margin	+23.5%	+24.9%	+24.6%	+24.0%	+18.2%
EBT Excluding Unusual Items	2.14B	1.88B	1.50B	1.06B	0.62B
Pretax Income	2.14B	1.95B	1.47B	1.02B	0.65B
Operating Income	2.06B	1.72B	1.36B	1.01B	0.61B
Operating Margin	+21.8%	+23.2%	+23.0%	+21.9%	+16.1%
Profit Margin	+22.1%	+24.7%	+23.0%	+20.2%	+14.8%
Net Income	2.09B	1.83B	1.36B	0.93B	0.57B
Net Income to Common	2.09B	1.83B	1.36B	0.93B	0.57B
Net Income Growth	+14.4%	+34.7%	+45.8%	+64.1%	+84.9%
Earnings From Continuing Ops.	2.09B	1.83B	1.36B	0.93B	0.57B
Minority Interest in Earnings	28.11K	23.12K	36.00K	—	—
Income Tax Expense	45.71M	127.02M	117.06M	92.89M	81.73M
Effective Tax Rate	+2.1%	+6.5%	+7.9%	+9.1%	+12.6%
Per Share & Capital
EPS (Basic)	26.86	23.51	17.46	11.94	7.09
EPS (Diluted)	26.80	23.44	16.95	11.63	7.09
EPS Growth	+14.3%	+38.3%	+45.7%	+64.1%	+84.9%
Dividend Per Share	—	7.50	7.00	5.00	3.00
Shares Change (YoY)	0	-0.03	—	—	—
Shares Outstanding (Basic)	77.82M	77.69M	77.68M	77.90M	80.00M
Shares Outstanding (Diluted)	78.01M	77.93M	80.00M	80.00M	80.00M
Dividend Growth	—	+7.1%	+40.0%	+66.7%	—
Free Cash Flow	2.34B	1.43B	1.38B	1.63B	0.51B
Free Cash Flow Margin	+24.7%	+19.3%	+23.5%	+35.3%	+13.4%
Free Cash Flow Per Share	30.03	18.37	17.31	20.34	6.42
Payout Ratio	+31.6%	+31.9%	+34.4%	+41.7%	—