NGDC

Natural Gas Distribution Company

9516StocksTadawulUtilities

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Semi-annual

Annual (SAR)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	149.01M	109.92M	92.48M	91.00M	89.59M
Cost of Revenue	137.88M	101.48M	83.78M	83.10M	81.22M
Gross Profit	11.13M	8.44M	8.71M	7.90M	8.37M
SG&A	6.20M	5.14M	5.29M	4.46M	5.14M
Operating Expenses	6.37M	5.30M	5.45M	4.25M	5.32M
Operating Income	4.76M	3.14M	3.26M	3.65M	3.05M
Interest Income	406.14K	711.15K	836.35K	254.19K	46.78K
Interest Expense	-81.06K	-61.93K	-87.12K	-116.40K	-151.12K
Other Income/Expense	-448.55K	-205.47K	147.88K	-128.70K	-160.67K
Pretax Income	7.84M	3.87M	4.15M	3.66M	2.79M
Income Tax	199.65K	101.32K	386.78K	369.90K	307.37K
Net Income	7.64M	3.77M	3.77M	3.29M	2.48M
EBITDA	9.55M	8.35M	8.78M	10.10M	8.72M
EBIT	4.76M	3.14M	3.26M	3.65M	3.05M
EPS (Basic)	1.53	0.75	0.75	0.66	0.50
EPS (Diluted)	1.53	0.75	0.75	0.66	0.50
DPS	—	0.50	0.50	0.50	0.50
Margins & Efficiency
Gross Margin %	+7.5%	+7.7%	+9.4%	+8.7%	+9.3%
EBITDA Margin %	+6.4%	+7.6%	+9.5%	+11.1%	+9.7%
Net Margin %	+5.1%	+3.4%	+4.1%	+3.6%	+2.8%
Revenue & Income
Revenue	149.01M	109.92M	92.48M	91.00M	89.59M
Revenue Growth (YoY)	+35.6%	+18.9%	+1.6%	+1.6%	+0.4%
Interest & Investment Income	406.14K	711.15K	836.35K	254.19K	46.78K
Earnings From Equity Investments	3.20M	0.28M	—	—	—
Gain (Loss) on Sale of Assets	—	—	—	5.30K	—
Expenses & Provisions
Advertising Expenses	66.93K	21.63K	45.53K	8.35K	8.00K
Cost of Revenue	137.88M	101.48M	83.78M	83.10M	81.22M
Selling, General & Admin	6.20M	5.14M	5.29M	4.46M	5.14M
Operating Expenses	6.37M	5.30M	5.45M	4.25M	5.32M
Other Operating Expenses	—	—	—	-375.55K	-47.65K
Interest Expense	-81.06K	-61.93K	-87.12K	-116.40K	-151.12K
Other Non Operating Income (Expenses)	-448.55K	-205.47K	147.88K	-128.70K	-160.67K
Amortization of Goodwill & Intangibles	21.60K	18.68K	—	—	—
D&A For EBITDA	4.78M	5.21M	5.52M	6.46M	5.66M
Profitability & Returns
Gross Profit	11.13M	8.44M	8.71M	7.90M	8.37M
Gross Margin	+7.5%	+7.7%	+9.4%	+8.7%	+9.3%
EBIT	4.76M	3.14M	3.26M	3.65M	3.05M
EBIT Margin	+3.2%	+2.9%	+3.5%	+4.0%	+3.4%
EBITDA	9.55M	8.35M	8.78M	10.10M	8.72M
EBITDA Margin	+6.4%	+7.6%	+9.5%	+11.1%	+9.7%
EBT Excluding Unusual Items	7.84M	3.87M	4.15M	3.66M	2.79M
Pretax Income	7.84M	3.87M	4.15M	3.66M	2.79M
Operating Income	4.76M	3.14M	3.26M	3.65M	3.05M
Operating Margin	+3.2%	+2.9%	+3.5%	+4.0%	+3.4%
Profit Margin	+5.1%	+3.4%	+4.1%	+3.6%	+2.8%
Net Income	7.64M	3.77M	3.77M	3.29M	2.48M
Net Income to Common	7.64M	3.77M	3.77M	3.29M	2.48M
Net Income Growth	+102.7%	+0.1%	+14.4%	+32.6%	-43.9%
Income Tax Expense	199.65K	101.32K	386.78K	369.90K	307.37K
Effective Tax Rate	+2.5%	+2.6%	+9.3%	+10.1%	+11.0%
Per Share & Capital
EPS (Basic)	1.53	0.75	0.75	0.66	0.50
EPS (Diluted)	1.53	0.75	0.75	0.66	0.50
EPS Growth	+102.7%	+0.1%	+14.4%	+32.6%	-43.9%
Dividend Per Share	—	0.50	0.50	0.50	0.50
Shares Change (YoY)	—	—	—	—	—
Shares Outstanding (Basic)	5.00M	5.00M	5.00M	5.00M	5.00M
Shares Outstanding (Diluted)	5.00M	5.00M	5.00M	5.00M	5.00M
Free Cash Flow	10.08M	6.84M	7.29M	1.28M	-2.88M
Free Cash Flow Margin	+6.8%	+6.2%	+7.9%	+1.4%	-3.2%
Free Cash Flow Per Share	2.02	1.37	1.46	0.26	-0.58
Payout Ratio	+32.7%	+66.3%	+66.4%	+76.0%	+100.8%

Income Statement Balance Sheet Cash Flow Ratios

Annual Semi-annual

Annual (SAR)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	149.01M	109.92M	92.48M	91.00M	89.59M
Cost of Revenue	137.88M	101.48M	83.78M	83.10M	81.22M
Gross Profit	11.13M	8.44M	8.71M	7.90M	8.37M
SG&A	6.20M	5.14M	5.29M	4.46M	5.14M
Operating Expenses	6.37M	5.30M	5.45M	4.25M	5.32M
Operating Income	4.76M	3.14M	3.26M	3.65M	3.05M
Interest Income	406.14K	711.15K	836.35K	254.19K	46.78K
Interest Expense	-81.06K	-61.93K	-87.12K	-116.40K	-151.12K
Other Income/Expense	-448.55K	-205.47K	147.88K	-128.70K	-160.67K
Pretax Income	7.84M	3.87M	4.15M	3.66M	2.79M
Income Tax	199.65K	101.32K	386.78K	369.90K	307.37K
Net Income	7.64M	3.77M	3.77M	3.29M	2.48M
EBITDA	9.55M	8.35M	8.78M	10.10M	8.72M
EBIT	4.76M	3.14M	3.26M	3.65M	3.05M
EPS (Basic)	1.53	0.75	0.75	0.66	0.50
EPS (Diluted)	1.53	0.75	0.75	0.66	0.50
DPS	—	0.50	0.50	0.50	0.50
Margins & Efficiency
Gross Margin %	+7.5%	+7.7%	+9.4%	+8.7%	+9.3%
EBITDA Margin %	+6.4%	+7.6%	+9.5%	+11.1%	+9.7%
Net Margin %	+5.1%	+3.4%	+4.1%	+3.6%	+2.8%
Revenue & Income
Revenue	149.01M	109.92M	92.48M	91.00M	89.59M
Revenue Growth (YoY)	+35.6%	+18.9%	+1.6%	+1.6%	+0.4%
Interest & Investment Income	406.14K	711.15K	836.35K	254.19K	46.78K
Earnings From Equity Investments	3.20M	0.28M	—	—	—
Gain (Loss) on Sale of Assets	—	—	—	5.30K	—
Expenses & Provisions
Advertising Expenses	66.93K	21.63K	45.53K	8.35K	8.00K
Cost of Revenue	137.88M	101.48M	83.78M	83.10M	81.22M
Selling, General & Admin	6.20M	5.14M	5.29M	4.46M	5.14M
Operating Expenses	6.37M	5.30M	5.45M	4.25M	5.32M
Other Operating Expenses	—	—	—	-375.55K	-47.65K
Interest Expense	-81.06K	-61.93K	-87.12K	-116.40K	-151.12K
Other Non Operating Income (Expenses)	-448.55K	-205.47K	147.88K	-128.70K	-160.67K
Amortization of Goodwill & Intangibles	21.60K	18.68K	—	—	—
D&A For EBITDA	4.78M	5.21M	5.52M	6.46M	5.66M
Profitability & Returns
Gross Profit	11.13M	8.44M	8.71M	7.90M	8.37M
Gross Margin	+7.5%	+7.7%	+9.4%	+8.7%	+9.3%
EBIT	4.76M	3.14M	3.26M	3.65M	3.05M
EBIT Margin	+3.2%	+2.9%	+3.5%	+4.0%	+3.4%
EBITDA	9.55M	8.35M	8.78M	10.10M	8.72M
EBITDA Margin	+6.4%	+7.6%	+9.5%	+11.1%	+9.7%
EBT Excluding Unusual Items	7.84M	3.87M	4.15M	3.66M	2.79M
Pretax Income	7.84M	3.87M	4.15M	3.66M	2.79M
Operating Income	4.76M	3.14M	3.26M	3.65M	3.05M
Operating Margin	+3.2%	+2.9%	+3.5%	+4.0%	+3.4%
Profit Margin	+5.1%	+3.4%	+4.1%	+3.6%	+2.8%
Net Income	7.64M	3.77M	3.77M	3.29M	2.48M
Net Income to Common	7.64M	3.77M	3.77M	3.29M	2.48M
Net Income Growth	+102.7%	+0.1%	+14.4%	+32.6%	-43.9%
Income Tax Expense	199.65K	101.32K	386.78K	369.90K	307.37K
Effective Tax Rate	+2.5%	+2.6%	+9.3%	+10.1%	+11.0%
Per Share & Capital
EPS (Basic)	1.53	0.75	0.75	0.66	0.50
EPS (Diluted)	1.53	0.75	0.75	0.66	0.50
EPS Growth	+102.7%	+0.1%	+14.4%	+32.6%	-43.9%
Dividend Per Share	—	0.50	0.50	0.50	0.50
Shares Change (YoY)	—	—	—	—	—
Shares Outstanding (Basic)	5.00M	5.00M	5.00M	5.00M	5.00M
Shares Outstanding (Diluted)	5.00M	5.00M	5.00M	5.00M	5.00M
Free Cash Flow	10.08M	6.84M	7.29M	1.28M	-2.88M
Free Cash Flow Margin	+6.8%	+6.2%	+7.9%	+1.4%	-3.2%
Free Cash Flow Per Share	2.02	1.37	1.46	0.26	-0.58
Payout Ratio	+32.7%	+66.3%	+66.4%	+76.0%	+100.8%