Financials

Income Statement Balance Sheet Cash Flow Ratios

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
Operating Summary
Revenue	54.53M	74.73M	94.78M	38.09M	70.04M
Cost of Revenue	92.01M	57.85M	65.45M	35.44M	52.18M
Gross Profit	-37.48M	16.88M	29.33M	2.66M	17.85M
SG&A	-5.75M	5.75M	4.58M	3.95M	3.23M
Operating Expenses	-6.05M	6.05M	5.86M	4.20M	3.62M
Operating Income	-31.42M	10.83M	23.47M	-1.55M	14.24M
Interest Income	7.16M	—	—	—	—
Interest Expense	—	-7.16M	-5.41M	-5.08M	-4.87M
Other Income/Expense	—	—	-198.07K	—	-155.44K
Pretax Income	-24.26M	3.66M	19.66M	-8.42M	9.21M
Income Tax	0.83M	2.46M	2.45M	1.33M	1.65M
Net Income	-25.09M	1.20M	17.21M	-9.75M	7.56M
EBITDA	-30.33M	13.71M	25.48M	0.42M	16.13M
EBIT	-31.42M	10.83M	23.47M	-1.55M	14.24M
EPS (Basic)	-0.45	0.02	0.31	-0.18	0.14
EPS (Diluted)	-0.45	0.02	0.31	-0.18	0.14
Margins & Efficiency
Gross Margin %	-68.7%	+22.6%	+30.9%	+7.0%	+25.5%
EBITDA Margin %	-55.6%	+18.3%	+26.9%	+1.1%	+23.0%
Net Margin %	-46.0%	+1.6%	+18.2%	-25.6%	+10.8%
Revenue & Income
Revenue	54.53M	74.73M	94.78M	38.09M	70.04M
Revenue Growth (YoY)	-42.5%	+96.2%	+35.3%	-59.6%	-12.3%
Interest & Investment Income	7.16M	—	—	—	—
Gain (Loss) on Sale of Assets	0.00M	-0.00M	1.79M	-1.79M	—
Expenses & Provisions
Cost of Revenue	92.01M	57.85M	65.45M	35.44M	52.18M
Selling, General & Admin	-5.75M	5.75M	4.58M	3.95M	3.23M
Operating Expenses	-6.05M	6.05M	5.86M	4.20M	3.62M
Other Operating Expenses	—	—	—	—	—
Interest Expense	—	-7.16M	-5.41M	-5.08M	-4.87M
Other Non Operating Income (Expenses)	—	—	-198.07K	—	-155.44K
D&A For EBITDA	1.09M	2.88M	2.01M	1.96M	1.90M
Profitability & Returns
Gross Profit	-37.48M	16.88M	29.33M	2.66M	17.85M
EBIT	-31.42M	10.83M	23.47M	-1.55M	14.24M
EBITDA	-30.33M	13.71M	25.48M	0.42M	16.13M
EBT Excluding Unusual Items	-24.26M	3.66M	17.86M	-6.63M	9.21M
Pretax Income	-24.26M	3.66M	19.66M	-8.42M	9.21M
Operating Income	-31.42M	10.83M	23.47M	-1.55M	14.24M
Operating Margin	-57.6%	+14.5%	+24.8%	-4.1%	+20.3%
Profit Margin	-46.0%	+1.6%	+18.2%	-25.6%	+10.8%
Net Income	-25.09M	1.20M	17.21M	-9.75M	7.56M
Net Income to Common	-25.09M	1.20M	17.21M	-9.75M	7.56M
Net Income Growth	—	—	+127.6%	—	-33.8%
Income Tax Expense	0.83M	2.46M	2.45M	1.33M	1.65M
Per Share & Capital
EPS (Basic)	-0.45	0.02	0.31	-0.18	0.14
EPS (Diluted)	-0.45	0.02	0.31	-0.18	0.14
EPS Growth	—	—	+127.6%	—	-33.8%
Shares Change (YoY)	0.02	—	—	—	—
Shares Outstanding (Basic)	56.13M	55.00M	55.00M	55.00M	55.00M
Shares Outstanding (Diluted)	56.13M	55.00M	55.00M	55.00M	55.00M
Free Cash Flow	0.75M	-17.77M	4.59M	-32.32M	9.36M
Free Cash Flow Margin	+1.4%	-23.8%	+4.8%	-84.8%	+13.4%
Free Cash Flow Per Share	0.01	-0.32	0.08	-0.59	0.17

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
Operating Summary
Revenue	54.53M	74.73M	94.78M	38.09M	70.04M
Cost of Revenue	92.01M	57.85M	65.45M	35.44M	52.18M
Gross Profit	-37.48M	16.88M	29.33M	2.66M	17.85M
SG&A	-5.75M	5.75M	4.58M	3.95M	3.23M
Operating Expenses	-6.05M	6.05M	5.86M	4.20M	3.62M
Operating Income	-31.42M	10.83M	23.47M	-1.55M	14.24M
Interest Income	7.16M	—	—	—	—
Interest Expense	—	-7.16M	-5.41M	-5.08M	-4.87M
Other Income/Expense	—	—	-198.07K	—	-155.44K
Pretax Income	-24.26M	3.66M	19.66M	-8.42M	9.21M
Income Tax	0.83M	2.46M	2.45M	1.33M	1.65M
Net Income	-25.09M	1.20M	17.21M	-9.75M	7.56M
EBITDA	-30.33M	13.71M	25.48M	0.42M	16.13M
EBIT	-31.42M	10.83M	23.47M	-1.55M	14.24M
EPS (Basic)	-0.45	0.02	0.31	-0.18	0.14
EPS (Diluted)	-0.45	0.02	0.31	-0.18	0.14
Margins & Efficiency
Gross Margin %	-68.7%	+22.6%	+30.9%	+7.0%	+25.5%
EBITDA Margin %	-55.6%	+18.3%	+26.9%	+1.1%	+23.0%
Net Margin %	-46.0%	+1.6%	+18.2%	-25.6%	+10.8%
Revenue & Income
Revenue	54.53M	74.73M	94.78M	38.09M	70.04M
Revenue Growth (YoY)	-42.5%	+96.2%	+35.3%	-59.6%	-12.3%
Interest & Investment Income	7.16M	—	—	—	—
Gain (Loss) on Sale of Assets	0.00M	-0.00M	1.79M	-1.79M	—
Expenses & Provisions
Cost of Revenue	92.01M	57.85M	65.45M	35.44M	52.18M
Selling, General & Admin	-5.75M	5.75M	4.58M	3.95M	3.23M
Operating Expenses	-6.05M	6.05M	5.86M	4.20M	3.62M
Other Operating Expenses	—	—	—	—	—
Interest Expense	—	-7.16M	-5.41M	-5.08M	-4.87M
Other Non Operating Income (Expenses)	—	—	-198.07K	—	-155.44K
D&A For EBITDA	1.09M	2.88M	2.01M	1.96M	1.90M
Profitability & Returns
Gross Profit	-37.48M	16.88M	29.33M	2.66M	17.85M
EBIT	-31.42M	10.83M	23.47M	-1.55M	14.24M
EBITDA	-30.33M	13.71M	25.48M	0.42M	16.13M
EBT Excluding Unusual Items	-24.26M	3.66M	17.86M	-6.63M	9.21M
Pretax Income	-24.26M	3.66M	19.66M	-8.42M	9.21M
Operating Income	-31.42M	10.83M	23.47M	-1.55M	14.24M
Operating Margin	-57.6%	+14.5%	+24.8%	-4.1%	+20.3%
Profit Margin	-46.0%	+1.6%	+18.2%	-25.6%	+10.8%
Net Income	-25.09M	1.20M	17.21M	-9.75M	7.56M
Net Income to Common	-25.09M	1.20M	17.21M	-9.75M	7.56M
Net Income Growth	—	—	+127.6%	—	-33.8%
Income Tax Expense	0.83M	2.46M	2.45M	1.33M	1.65M
Per Share & Capital
EPS (Basic)	-0.45	0.02	0.31	-0.18	0.14
EPS (Diluted)	-0.45	0.02	0.31	-0.18	0.14
EPS Growth	—	—	+127.6%	—	-33.8%
Shares Change (YoY)	0.02	—	—	—	—
Shares Outstanding (Basic)	56.13M	55.00M	55.00M	55.00M	55.00M
Shares Outstanding (Diluted)	56.13M	55.00M	55.00M	55.00M	55.00M
Free Cash Flow	0.75M	-17.77M	4.59M	-32.32M	9.36M
Free Cash Flow Margin	+1.4%	-23.8%	+4.8%	-84.8%	+13.4%
Free Cash Flow Per Share	0.01	-0.32	0.08	-0.59	0.17

Financials

Semi-annual (SAR)

RAWASI

Semi-annual (SAR)