GROUP FIVE

Group Five Pipe Saudi Ltd.

9523StocksTadawulMaterials

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Semi-annual

Semi-annual (SAR)

1-5

	H2 2025Dec 31, 2025	H1 2025Jun 30, 2025	H2 2024Dec 31, 2024	H1 2024Jun 30, 2024	H2 2023Dec 31, 2023
Assets
Cash & Equivalents	136.55M	221.80M	225.08M	47.75M	13.28M
Cash & Short-Term Investments	136.55M	221.80M	225.08M	47.75M	13.28M
Receivables	464.55M	636.74M	582.16M	374.12M	365.85M
Inventory	332.79M	138.89M	274.91M	220.77M	302.94M
Current Assets	1.08B	1.06B	1.19B	0.66B	0.72B
PP&E	507.12M	509.34M	517.81M	525.46M	535.07M
Total Assets	1.59B	1.57B	1.72B	1.21B	1.28B
Liabilities
Accounts Payable	160.04M	71.63M	61.27M	62.15M	52.04M
Current Liabilities	1.03B	1.03B	1.23B	0.79B	0.82B
Long-Term Debt	28.99M	47.23M	33.17M	64.31M	109.27M
Short-Term Debt	554.06M	505.40M	823.34M	549.83M	625.16M
Total Debt	0.63B	0.63B	0.94B	0.71B	0.81B
Total Liabilities	1.10B	1.10B	1.35B	0.88B	0.96B
Equity & Ownership
Retained Earnings	209.77M	192.85M	81.67M	53.28M	44.07M
Total Equity	489.77M	472.85M	361.67M	333.28M	324.07M
Net Debt	0.50B	0.41B	0.72B	0.66B	0.80B
Shares Outstanding	28,000,000	28,000,000	28,000,000	28,000,000	28,000,000
Cash & Assets
Total Assets	1.59B	1.57B	1.72B	1.21B	1.28B
Total Current Assets	1.08B	1.06B	1.19B	0.66B	0.72B
Cash & Equivalents	136.55M	221.80M	225.08M	47.75M	13.28M
Cash & Short-Term Investments	136.55M	221.80M	225.08M	47.75M	13.28M
Net Cash (Debt)	-0.50B	-0.41B	-0.72B	-0.66B	-0.80B
Net Cash Per Share	-17.71	-14.60	-25.62	-23.56	-28.48
Cash Growth	-39.3%	+364.5%	+1,594.8%	+101.9%	+66.5%
Accounts Receivable	461.50M	636.74M	580.45M	374.12M	364.69M
Other Receivables	3.05M	—	1.70M	—	1.16M
Receivables	464.55M	636.74M	582.16M	374.12M	365.85M
Inventory	332.79M	138.89M	274.91M	220.77M	302.94M
Prepaid Expenses	0.60M	60.93M	12.28M	15.77M	1.97M
Restricted Cash	125.90M	5.63M	70.00M	0.00M	28.08M
Construction In Progress	5.57M	3.65M	1.79M	2.05M	2.74M
Buildings	140.29M	139.35M	139.06M	138.68M	138.52M
Machinery	637.75M	635.57M	634.63M	632.77M	631.29M
Property, Plant & Equipment	507.12M	509.34M	517.81M	525.46M	535.07M
Other Current Assets	19.80M	—	22.78M	—	8.23M
Other Long-Term Assets	—	—	10.00M	25.00M	25.00M
Long-Term Leases	11.54M	7.64M	7.88M	7.09M	8.63M
Current Portion of Leases	1.39M	0.86M	1.86M	1.67M	0.86M
Liabilities & Obligations
Total Liabilities	1.10B	1.10B	1.35B	0.88B	0.96B
Total Liabilities & Equity	1.59B	1.57B	1.72B	1.21B	1.28B
Total Current Liabilities	1.03B	1.03B	1.23B	0.79B	0.82B
Accounts Payable	160.04M	71.63M	61.27M	62.15M	52.04M
Accrued Expenses	144.25M	300.81M	94.78M	85.36M	33.80M
Current Income Taxes Payable	15.63M	1.92M	1.98M	0.30M	0.40M
Current Unearned Revenue	116.62M	67.31M	165.84M	—	39.99M
Long-Term Unearned Revenue	—	—	61.32M	—	—
Other Current Liabilities	4.24M	8.05M	6.12M	1.74M	2.44M
Pension & Post-Retirement Benefits	24.30M	20.14M	19.70M	18.59M	16.85M
Other Long-Term Liabilities	—	—	—	-1	—
Debt & Funding
Long-Term Debt	28.99M	47.23M	33.17M	64.31M	109.27M
Short-Term Debt	554.06M	505.40M	823.34M	549.83M	625.16M
Total Debt	0.63B	0.63B	0.94B	0.71B	0.81B
Current Portion of Long-Term Debt	36.48M	69.48M	76.10M	84.55M	66.91M
Equity & Book Value
Shareholders' Equity	489.77M	472.85M	361.67M	333.28M	324.07M
Common Stock	280.00M	280.00M	280.00M	280.00M	280.00M
Retained Earnings	209.77M	192.85M	81.67M	53.28M	44.07M
Book Value Per Share	17.49	16.89	12.92	11.90	11.57
Tangible Book Value	489.77M	472.85M	361.67M	333.28M	324.07M
Tangible Book Value Per Share	17.49	16.89	12.92	11.90	11.57
Filing Date Shares Outstanding	28.00M	28.00M	28.00M	28.00M	28.00M
Total Common Shares Outstanding	28.00M	28.00M	28.00M	28.00M	28.00M
Working Capital	47.47M	38.53M	-44.08M	-127.19M	-101.24M

Income Statement Balance Sheet Cash Flow Ratios

Annual Semi-annual

Semi-annual (SAR)

1-5

	H2 2025Dec 31, 2025	H1 2025Jun 30, 2025	H2 2024Dec 31, 2024	H1 2024Jun 30, 2024	H2 2023Dec 31, 2023
Assets
Cash & Equivalents	136.55M	221.80M	225.08M	47.75M	13.28M
Cash & Short-Term Investments	136.55M	221.80M	225.08M	47.75M	13.28M
Receivables	464.55M	636.74M	582.16M	374.12M	365.85M
Inventory	332.79M	138.89M	274.91M	220.77M	302.94M
Current Assets	1.08B	1.06B	1.19B	0.66B	0.72B
PP&E	507.12M	509.34M	517.81M	525.46M	535.07M
Total Assets	1.59B	1.57B	1.72B	1.21B	1.28B
Liabilities
Accounts Payable	160.04M	71.63M	61.27M	62.15M	52.04M
Current Liabilities	1.03B	1.03B	1.23B	0.79B	0.82B
Long-Term Debt	28.99M	47.23M	33.17M	64.31M	109.27M
Short-Term Debt	554.06M	505.40M	823.34M	549.83M	625.16M
Total Debt	0.63B	0.63B	0.94B	0.71B	0.81B
Total Liabilities	1.10B	1.10B	1.35B	0.88B	0.96B
Equity & Ownership
Retained Earnings	209.77M	192.85M	81.67M	53.28M	44.07M
Total Equity	489.77M	472.85M	361.67M	333.28M	324.07M
Net Debt	0.50B	0.41B	0.72B	0.66B	0.80B
Shares Outstanding	28,000,000	28,000,000	28,000,000	28,000,000	28,000,000
Cash & Assets
Total Assets	1.59B	1.57B	1.72B	1.21B	1.28B
Total Current Assets	1.08B	1.06B	1.19B	0.66B	0.72B
Cash & Equivalents	136.55M	221.80M	225.08M	47.75M	13.28M
Cash & Short-Term Investments	136.55M	221.80M	225.08M	47.75M	13.28M
Net Cash (Debt)	-0.50B	-0.41B	-0.72B	-0.66B	-0.80B
Net Cash Per Share	-17.71	-14.60	-25.62	-23.56	-28.48
Cash Growth	-39.3%	+364.5%	+1,594.8%	+101.9%	+66.5%
Accounts Receivable	461.50M	636.74M	580.45M	374.12M	364.69M
Other Receivables	3.05M	—	1.70M	—	1.16M
Receivables	464.55M	636.74M	582.16M	374.12M	365.85M
Inventory	332.79M	138.89M	274.91M	220.77M	302.94M
Prepaid Expenses	0.60M	60.93M	12.28M	15.77M	1.97M
Restricted Cash	125.90M	5.63M	70.00M	0.00M	28.08M
Construction In Progress	5.57M	3.65M	1.79M	2.05M	2.74M
Buildings	140.29M	139.35M	139.06M	138.68M	138.52M
Machinery	637.75M	635.57M	634.63M	632.77M	631.29M
Property, Plant & Equipment	507.12M	509.34M	517.81M	525.46M	535.07M
Other Current Assets	19.80M	—	22.78M	—	8.23M
Other Long-Term Assets	—	—	10.00M	25.00M	25.00M
Long-Term Leases	11.54M	7.64M	7.88M	7.09M	8.63M
Current Portion of Leases	1.39M	0.86M	1.86M	1.67M	0.86M
Liabilities & Obligations
Total Liabilities	1.10B	1.10B	1.35B	0.88B	0.96B
Total Liabilities & Equity	1.59B	1.57B	1.72B	1.21B	1.28B
Total Current Liabilities	1.03B	1.03B	1.23B	0.79B	0.82B
Accounts Payable	160.04M	71.63M	61.27M	62.15M	52.04M
Accrued Expenses	144.25M	300.81M	94.78M	85.36M	33.80M
Current Income Taxes Payable	15.63M	1.92M	1.98M	0.30M	0.40M
Current Unearned Revenue	116.62M	67.31M	165.84M	—	39.99M
Long-Term Unearned Revenue	—	—	61.32M	—	—
Other Current Liabilities	4.24M	8.05M	6.12M	1.74M	2.44M
Pension & Post-Retirement Benefits	24.30M	20.14M	19.70M	18.59M	16.85M
Other Long-Term Liabilities	—	—	—	-1	—
Debt & Funding
Long-Term Debt	28.99M	47.23M	33.17M	64.31M	109.27M
Short-Term Debt	554.06M	505.40M	823.34M	549.83M	625.16M
Total Debt	0.63B	0.63B	0.94B	0.71B	0.81B
Current Portion of Long-Term Debt	36.48M	69.48M	76.10M	84.55M	66.91M
Equity & Book Value
Shareholders' Equity	489.77M	472.85M	361.67M	333.28M	324.07M
Common Stock	280.00M	280.00M	280.00M	280.00M	280.00M
Retained Earnings	209.77M	192.85M	81.67M	53.28M	44.07M
Book Value Per Share	17.49	16.89	12.92	11.90	11.57
Tangible Book Value	489.77M	472.85M	361.67M	333.28M	324.07M
Tangible Book Value Per Share	17.49	16.89	12.92	11.90	11.57
Filing Date Shares Outstanding	28.00M	28.00M	28.00M	28.00M	28.00M
Total Common Shares Outstanding	28.00M	28.00M	28.00M	28.00M	28.00M
Working Capital	47.47M	38.53M	-44.08M	-127.19M	-101.24M