WATANI STEEL

Watani Iron Steel Co

9513StocksTadawulMaterials

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	428.69M	553.31M	370.11M	595.64M	622.89M
Cost of Revenue	420.59M	519.63M	345.68M	524.27M	554.47M
Gross Profit	8.10M	33.68M	24.43M	71.37M	68.42M
SG&A	16.16M	16.86M	14.13M	14.88M	13.70M
Operating Expenses	18.85M	18.20M	14.13M	14.88M	13.70M
Operating Income	-10.74M	15.48M	10.30M	56.50M	54.72M
Interest Expense	-5.84M	-6.41M	-6.68M	-6.97M	-6.59M
Other Income/Expense	1.67M	1.05M	0.75M	1.31M	0.20M
Pretax Income	-14.87M	10.13M	4.38M	50.85M	48.30M
Income Tax	—	0.26M	0.13M	1.30M	1.25M
Net Income	-14.87M	9.87M	4.24M	49.55M	47.06M
EBITDA	5.80M	36.32M	30.21M	76.41M	74.46M
EBIT	-10.74M	15.48M	10.30M	56.50M	54.72M
EPS (Basic)	-0.08	0.05	0.02	0.27	0.26
EPS (Diluted)	-0.08	0.05	0.02	0.27	0.26
Margins & Efficiency
Gross Margin %	+1.9%	+6.1%	+6.6%	+12.0%	+11.0%
EBITDA Margin %	+1.4%	+6.6%	+8.2%	+12.8%	+12.0%
Net Margin %	-3.5%	+1.8%	+1.1%	+8.3%	+7.6%
Revenue & Income
Revenue	428.69M	553.31M	370.11M	595.64M	622.89M
Revenue Growth (YoY)	-22.5%	+49.5%	-37.9%	-4.4%	+35.6%
Gain (Loss) on Sale of Assets	40.00K	5.16K	-0.02K	14.96K	-29.11K
Expenses & Provisions
Cost of Revenue	420.59M	519.63M	345.68M	524.27M	554.47M
Selling, General & Admin	16.16M	16.86M	14.13M	14.88M	13.70M
Operating Expenses	18.85M	18.20M	14.13M	14.88M	13.70M
Interest Expense	-5.84M	-6.41M	-6.68M	-6.97M	-6.59M
Other Non Operating Income (Expenses)	1.67M	1.05M	0.75M	1.31M	0.20M
D&A For EBITDA	16.54M	20.84M	19.91M	19.91M	19.74M
Profitability & Returns
Gross Profit	8.10M	33.68M	24.43M	71.37M	68.42M
Gross Margin	+1.9%	+6.1%	+6.6%	+12.0%	+11.0%
EBIT	-10.74M	15.48M	10.30M	56.50M	54.72M
EBIT Margin	-2.5%	+2.8%	+2.8%	+9.5%	+8.8%
EBITDA	5.80M	36.32M	30.21M	76.41M	74.46M
EBITDA Margin	+1.4%	+6.6%	+8.2%	+12.8%	+12.0%
EBT Excluding Unusual Items	-14.91M	10.12M	4.38M	50.83M	48.33M
Pretax Income	-14.87M	10.13M	4.38M	50.85M	48.30M
Operating Income	-10.74M	15.48M	10.30M	56.50M	54.72M
Operating Margin	-2.5%	+2.8%	+2.8%	+9.5%	+8.8%
Profit Margin	-3.5%	+1.8%	+1.1%	+8.3%	+7.6%
Net Income	-14.87M	9.87M	4.24M	49.55M	47.06M
Net Income to Common	-14.87M	9.87M	4.24M	49.55M	47.06M
Net Income Growth	—	+132.5%	-91.4%	+5.3%	+51.4%
Income Tax Expense	—	0.26M	0.13M	1.30M	1.25M
Effective Tax Rate	—	+2.6%	+3.1%	+2.6%	+2.6%
Per Share & Capital
EPS (Basic)	-0.08	0.05	0.02	0.27	0.26
EPS (Diluted)	-0.08	0.05	0.02	0.27	0.26
EPS Growth	—	+132.5%	-91.4%	+5.3%	+51.4%
Shares Outstanding (Basic)	181.65M	181.65M	181.65M	181.65M	181.65M
Shares Outstanding (Diluted)	181.65M	181.65M	181.65M	181.65M	181.65M
Free Cash Flow	5.65M	35.95M	-9.93M	58.85M	54.29M
Free Cash Flow Margin	+1.3%	+6.5%	-2.7%	+9.9%	+8.7%
Free Cash Flow Per Share	0.03	0.20	-0.06	0.32	0.30
Payout Ratio	—	—	—	—	—

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	428.69M	553.31M	370.11M	595.64M	622.89M
Cost of Revenue	420.59M	519.63M	345.68M	524.27M	554.47M
Gross Profit	8.10M	33.68M	24.43M	71.37M	68.42M
SG&A	16.16M	16.86M	14.13M	14.88M	13.70M
Operating Expenses	18.85M	18.20M	14.13M	14.88M	13.70M
Operating Income	-10.74M	15.48M	10.30M	56.50M	54.72M
Interest Expense	-5.84M	-6.41M	-6.68M	-6.97M	-6.59M
Other Income/Expense	1.67M	1.05M	0.75M	1.31M	0.20M
Pretax Income	-14.87M	10.13M	4.38M	50.85M	48.30M
Income Tax	—	0.26M	0.13M	1.30M	1.25M
Net Income	-14.87M	9.87M	4.24M	49.55M	47.06M
EBITDA	5.80M	36.32M	30.21M	76.41M	74.46M
EBIT	-10.74M	15.48M	10.30M	56.50M	54.72M
EPS (Basic)	-0.08	0.05	0.02	0.27	0.26
EPS (Diluted)	-0.08	0.05	0.02	0.27	0.26
Margins & Efficiency
Gross Margin %	+1.9%	+6.1%	+6.6%	+12.0%	+11.0%
EBITDA Margin %	+1.4%	+6.6%	+8.2%	+12.8%	+12.0%
Net Margin %	-3.5%	+1.8%	+1.1%	+8.3%	+7.6%
Revenue & Income
Revenue	428.69M	553.31M	370.11M	595.64M	622.89M
Revenue Growth (YoY)	-22.5%	+49.5%	-37.9%	-4.4%	+35.6%
Gain (Loss) on Sale of Assets	40.00K	5.16K	-0.02K	14.96K	-29.11K
Expenses & Provisions
Cost of Revenue	420.59M	519.63M	345.68M	524.27M	554.47M
Selling, General & Admin	16.16M	16.86M	14.13M	14.88M	13.70M
Operating Expenses	18.85M	18.20M	14.13M	14.88M	13.70M
Interest Expense	-5.84M	-6.41M	-6.68M	-6.97M	-6.59M
Other Non Operating Income (Expenses)	1.67M	1.05M	0.75M	1.31M	0.20M
D&A For EBITDA	16.54M	20.84M	19.91M	19.91M	19.74M
Profitability & Returns
Gross Profit	8.10M	33.68M	24.43M	71.37M	68.42M
Gross Margin	+1.9%	+6.1%	+6.6%	+12.0%	+11.0%
EBIT	-10.74M	15.48M	10.30M	56.50M	54.72M
EBIT Margin	-2.5%	+2.8%	+2.8%	+9.5%	+8.8%
EBITDA	5.80M	36.32M	30.21M	76.41M	74.46M
EBITDA Margin	+1.4%	+6.6%	+8.2%	+12.8%	+12.0%
EBT Excluding Unusual Items	-14.91M	10.12M	4.38M	50.83M	48.33M
Pretax Income	-14.87M	10.13M	4.38M	50.85M	48.30M
Operating Income	-10.74M	15.48M	10.30M	56.50M	54.72M
Operating Margin	-2.5%	+2.8%	+2.8%	+9.5%	+8.8%
Profit Margin	-3.5%	+1.8%	+1.1%	+8.3%	+7.6%
Net Income	-14.87M	9.87M	4.24M	49.55M	47.06M
Net Income to Common	-14.87M	9.87M	4.24M	49.55M	47.06M
Net Income Growth	—	+132.5%	-91.4%	+5.3%	+51.4%
Income Tax Expense	—	0.26M	0.13M	1.30M	1.25M
Effective Tax Rate	—	+2.6%	+3.1%	+2.6%	+2.6%
Per Share & Capital
EPS (Basic)	-0.08	0.05	0.02	0.27	0.26
EPS (Diluted)	-0.08	0.05	0.02	0.27	0.26
EPS Growth	—	+132.5%	-91.4%	+5.3%	+51.4%
Shares Outstanding (Basic)	181.65M	181.65M	181.65M	181.65M	181.65M
Shares Outstanding (Diluted)	181.65M	181.65M	181.65M	181.65M	181.65M
Free Cash Flow	5.65M	35.95M	-9.93M	58.85M	54.29M
Free Cash Flow Margin	+1.3%	+6.5%	-2.7%	+9.9%	+8.7%
Free Cash Flow Per Share	0.03	0.20	-0.06	0.32	0.30
Payout Ratio	—	—	—	—	—