MOLAN

Molan Steel Company

9553StocksTadawulIndustrials

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	60.95M	86.37M	89.70M	84.62M	48.15M
Cost of Revenue	59.54M	83.25M	85.56M	79.30M	40.33M
Gross Profit	1.41M	3.12M	4.14M	5.32M	7.83M
SG&A	9.40M	7.35M	7.26M	5.72M	3.35M
Operating Expenses	13.00M	7.62M	7.53M	5.72M	3.35M
Operating Income	-11.59M	-4.50M	-3.39M	-0.41M	4.47M
Interest Income	—	—	366.01K	—	—
Interest Expense	-2.79M	-1.68M	-1.85M	-0.97M	-0.24M
Other Income/Expense	1.07M	-0.23M	0.79M	1.31M	0.56M
Pretax Income	-21.85M	-6.40M	-4.08M	-0.06M	4.80M
Income Tax	—	669.48K	703.75K	700.67K	627.12K
Net Income	-21.85M	-7.07M	-4.79M	-0.76M	4.17M
EBITDA	-9.25M	-3.92M	-3.04M	-0.19M	4.57M
EBIT	-11.59M	-4.50M	-3.39M	-0.41M	4.47M
EPS (Basic)	-0.82	-0.27	-0.18	-0.03	0.18
EPS (Diluted)	-0.82	-0.27	-0.18	-0.03	0.18
Margins & Efficiency
Gross Margin %	+2.3%	+3.6%	+4.6%	+6.3%	+16.3%
EBITDA Margin %	-15.2%	-4.5%	-3.4%	-0.2%	+9.5%
Net Margin %	-35.8%	-8.2%	-5.3%	-0.9%	+8.7%
Revenue & Income
Revenue	60.95M	86.37M	89.70M	84.62M	48.15M
Revenue Growth (YoY)	-29.4%	-3.7%	+6.0%	+75.7%	+12.6%
Interest & Investment Income	—	—	366.01K	—	—
Gain (Loss) on Sale of Assets	—	—	—	—	—
Expenses & Provisions
Advertising Expenses	70.15K	35.13K	—	—	—
Cost of Revenue	59.54M	83.25M	85.56M	79.30M	40.33M
Selling, General & Admin	9.40M	7.35M	7.26M	5.72M	3.35M
Operating Expenses	13.00M	7.62M	7.53M	5.72M	3.35M
Interest Expense	-2.79M	-1.68M	-1.85M	-0.97M	-0.24M
Other Non Operating Income (Expenses)	1.07M	-0.23M	0.79M	1.31M	0.56M
Impairment of Goodwill	-8.55M	—	—	—	—
D&A For EBITDA	2.34M	0.58M	0.35M	0.22M	0.09M
Profitability & Returns
Gross Profit	1.41M	3.12M	4.14M	5.32M	7.83M
Gross Margin	+2.3%	+3.6%	+4.6%	+6.3%	+16.3%
EBIT	-11.59M	-4.50M	-3.39M	-0.41M	4.47M
EBIT Margin	-19.0%	-5.2%	-3.8%	-0.5%	+9.3%
EBITDA	-9.25M	-3.92M	-3.04M	-0.19M	4.57M
EBITDA Margin	-15.2%	-4.5%	-3.4%	-0.2%	+9.5%
EBT Excluding Unusual Items	-13.31M	-6.41M	-4.08M	-0.06M	4.80M
Pretax Income	-21.85M	-6.40M	-4.08M	-0.06M	4.80M
Operating Income	-11.59M	-4.50M	-3.39M	-0.41M	4.47M
Operating Margin	-19.0%	-5.2%	-3.8%	-0.5%	+9.3%
Profit Margin	-35.8%	-8.2%	-5.3%	-0.9%	+8.7%
Net Income	-21.85M	-7.07M	-4.79M	-0.76M	4.17M
Net Income to Common	-21.85M	-7.07M	-4.79M	-0.76M	4.17M
Net Income Growth	—	—	—	—	+109.6%
Income Tax Expense	—	669.48K	703.75K	700.67K	627.12K
Effective Tax Rate	—	—	—	—	+13.1%
Per Share & Capital
EPS (Basic)	-0.82	-0.27	-0.18	-0.03	0.18
EPS (Diluted)	-0.82	-0.27	-0.18	-0.03	0.18
EPS Growth	—	—	—	—	+109.6%
Shares Change (YoY)	—	0.02	0.13	—	—
Shares Outstanding (Basic)	26.60M	26.60M	26.07M	23.00M	23.00M
Shares Outstanding (Diluted)	26.60M	26.60M	26.07M	23.00M	23.00M
Free Cash Flow	2.10M	6.74M	-10.81M	-7.07M	-3.33M
Free Cash Flow Margin	+3.5%	+7.8%	-12.1%	-8.4%	-6.9%
Free Cash Flow Per Share	0.08	0.25	-0.42	-0.31	-0.15
Payout Ratio	—	—	—	—	—
Supplemental
Other Unusual Items	10.17K	6.98K	—	—	—

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	60.95M	86.37M	89.70M	84.62M	48.15M
Cost of Revenue	59.54M	83.25M	85.56M	79.30M	40.33M
Gross Profit	1.41M	3.12M	4.14M	5.32M	7.83M
SG&A	9.40M	7.35M	7.26M	5.72M	3.35M
Operating Expenses	13.00M	7.62M	7.53M	5.72M	3.35M
Operating Income	-11.59M	-4.50M	-3.39M	-0.41M	4.47M
Interest Income	—	—	366.01K	—	—
Interest Expense	-2.79M	-1.68M	-1.85M	-0.97M	-0.24M
Other Income/Expense	1.07M	-0.23M	0.79M	1.31M	0.56M
Pretax Income	-21.85M	-6.40M	-4.08M	-0.06M	4.80M
Income Tax	—	669.48K	703.75K	700.67K	627.12K
Net Income	-21.85M	-7.07M	-4.79M	-0.76M	4.17M
EBITDA	-9.25M	-3.92M	-3.04M	-0.19M	4.57M
EBIT	-11.59M	-4.50M	-3.39M	-0.41M	4.47M
EPS (Basic)	-0.82	-0.27	-0.18	-0.03	0.18
EPS (Diluted)	-0.82	-0.27	-0.18	-0.03	0.18
Margins & Efficiency
Gross Margin %	+2.3%	+3.6%	+4.6%	+6.3%	+16.3%
EBITDA Margin %	-15.2%	-4.5%	-3.4%	-0.2%	+9.5%
Net Margin %	-35.8%	-8.2%	-5.3%	-0.9%	+8.7%
Revenue & Income
Revenue	60.95M	86.37M	89.70M	84.62M	48.15M
Revenue Growth (YoY)	-29.4%	-3.7%	+6.0%	+75.7%	+12.6%
Interest & Investment Income	—	—	366.01K	—	—
Gain (Loss) on Sale of Assets	—	—	—	—	—
Expenses & Provisions
Advertising Expenses	70.15K	35.13K	—	—	—
Cost of Revenue	59.54M	83.25M	85.56M	79.30M	40.33M
Selling, General & Admin	9.40M	7.35M	7.26M	5.72M	3.35M
Operating Expenses	13.00M	7.62M	7.53M	5.72M	3.35M
Interest Expense	-2.79M	-1.68M	-1.85M	-0.97M	-0.24M
Other Non Operating Income (Expenses)	1.07M	-0.23M	0.79M	1.31M	0.56M
Impairment of Goodwill	-8.55M	—	—	—	—
D&A For EBITDA	2.34M	0.58M	0.35M	0.22M	0.09M
Profitability & Returns
Gross Profit	1.41M	3.12M	4.14M	5.32M	7.83M
Gross Margin	+2.3%	+3.6%	+4.6%	+6.3%	+16.3%
EBIT	-11.59M	-4.50M	-3.39M	-0.41M	4.47M
EBIT Margin	-19.0%	-5.2%	-3.8%	-0.5%	+9.3%
EBITDA	-9.25M	-3.92M	-3.04M	-0.19M	4.57M
EBITDA Margin	-15.2%	-4.5%	-3.4%	-0.2%	+9.5%
EBT Excluding Unusual Items	-13.31M	-6.41M	-4.08M	-0.06M	4.80M
Pretax Income	-21.85M	-6.40M	-4.08M	-0.06M	4.80M
Operating Income	-11.59M	-4.50M	-3.39M	-0.41M	4.47M
Operating Margin	-19.0%	-5.2%	-3.8%	-0.5%	+9.3%
Profit Margin	-35.8%	-8.2%	-5.3%	-0.9%	+8.7%
Net Income	-21.85M	-7.07M	-4.79M	-0.76M	4.17M
Net Income to Common	-21.85M	-7.07M	-4.79M	-0.76M	4.17M
Net Income Growth	—	—	—	—	+109.6%
Income Tax Expense	—	669.48K	703.75K	700.67K	627.12K
Effective Tax Rate	—	—	—	—	+13.1%
Per Share & Capital
EPS (Basic)	-0.82	-0.27	-0.18	-0.03	0.18
EPS (Diluted)	-0.82	-0.27	-0.18	-0.03	0.18
EPS Growth	—	—	—	—	+109.6%
Shares Change (YoY)	—	0.02	0.13	—	—
Shares Outstanding (Basic)	26.60M	26.60M	26.07M	23.00M	23.00M
Shares Outstanding (Diluted)	26.60M	26.60M	26.07M	23.00M	23.00M
Free Cash Flow	2.10M	6.74M	-10.81M	-7.07M	-3.33M
Free Cash Flow Margin	+3.5%	+7.8%	-12.1%	-8.4%	-6.9%
Free Cash Flow Per Share	0.08	0.25	-0.42	-0.31	-0.15
Payout Ratio	—	—	—	—	—
Supplemental
Other Unusual Items	10.17K	6.98K	—	—	—