DEVELOPMENT TAM

Tam Development Company

9570StocksTadawulTechnology

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	171.89M	273.35M	188.40M	147.07M	89.84M
Cost of Revenue	—	179.62M	98.64M	92.25M	54.41M
Gross Profit	171.89M	93.74M	89.76M	54.82M	35.44M
SG&A	—	60.51M	43.74M	24.88M	17.88M
Operating Expenses	149.46M	60.25M	45.87M	24.77M	17.54M
Operating Income	22.44M	33.49M	43.90M	30.05M	17.89M
Interest Income	—	907.83K	503.47K	103.82K	4.60K
Interest Expense	—	-1.03M	-0.05M	-0.14M	-0.07M
Other Income/Expense	—	-475.10K	-262.77K	—	—
Pretax Income	22.44M	32.89M	44.09M	30.02M	17.83M
Income Tax	1.86M	2.75M	3.49M	2.09M	1.32M
Net Income	20.58M	30.14M	40.60M	27.93M	16.52M
EBITDA	23.24M	34.29M	45.02M	30.34M	18.34M
EBIT	22.44M	33.49M	43.90M	30.05M	17.89M
EPS (Basic)	6.24	9.15	12.33	7.81	4.51
EPS (Diluted)	6.24	9.15	12.33	7.81	4.51
DPS	—	0.92	1.23	0.85	0.44
Margins & Efficiency
Gross Margin %	+100.0%	+34.3%	+47.6%	+37.3%	+39.4%
EBITDA Margin %	+13.5%	+12.5%	+23.9%	+20.6%	+20.4%
Net Margin %	+12.0%	+11.0%	+21.6%	+19.0%	+18.4%
Revenue & Income
Revenue	171.89M	273.35M	188.40M	147.07M	89.84M
Revenue Growth (YoY)	-37.1%	+45.1%	+28.1%	+63.7%	+117.2%
Interest & Investment Income	—	907.83K	503.47K	103.82K	4.60K
Expenses & Provisions
Cost of Revenue	—	179.62M	98.64M	92.25M	54.41M
Selling, General & Admin	—	60.51M	43.74M	24.88M	17.88M
Operating Expenses	149.46M	60.25M	45.87M	24.77M	17.54M
Other Operating Expenses	149.46M	-0.07M	-0.46M	—	-0.14M
Interest Expense	—	-1.03M	-0.05M	-0.14M	-0.07M
Other Non Operating Income (Expenses)	—	-475.10K	-262.77K	—	—
D&A For EBITDA	0.81M	0.81M	1.12M	0.29M	0.44M
Profitability & Returns
Gross Profit	171.89M	93.74M	89.76M	54.82M	35.44M
Gross Margin	+100.0%	+34.3%	+47.6%	+37.3%	+39.4%
EBIT	22.44M	33.49M	43.90M	30.05M	17.89M
EBIT Margin	+13.1%	+12.3%	+23.3%	+20.4%	+19.9%
EBITDA	23.24M	34.29M	45.02M	30.34M	18.34M
EBITDA Margin	+13.5%	+12.5%	+23.9%	+20.6%	+20.4%
Pretax Income	22.44M	32.89M	44.09M	30.02M	17.83M
Operating Income	22.44M	33.49M	43.90M	30.05M	17.89M
Operating Margin	+13.1%	+12.3%	+23.3%	+20.4%	+19.9%
Profit Margin	+12.0%	+11.0%	+21.6%	+19.0%	+18.4%
Net Income	20.58M	30.14M	40.60M	27.93M	16.52M
Net Income to Common	20.58M	30.14M	40.60M	27.93M	16.52M
Net Income Growth	-31.7%	-25.8%	+45.4%	+69.1%	+75.0%
Income Tax Expense	1.86M	2.75M	3.49M	2.09M	1.32M
Effective Tax Rate	+8.3%	+8.4%	+7.9%	+7.0%	+7.4%
Per Share & Capital
EPS (Basic)	6.24	9.15	12.33	7.81	4.51
EPS (Diluted)	6.24	9.15	12.33	7.81	4.51
EPS Growth	-31.8%	-25.8%	+57.9%	+73.0%	-73.8%
Dividend Per Share	—	0.92	1.23	0.85	0.44
Shares Change (YoY)	0	—	-0.08	-0.02	5.67
Shares Outstanding (Basic)	3.30M	3.29M	3.29M	3.58M	3.66M
Shares Outstanding (Diluted)	3.30M	3.29M	3.29M	3.58M	3.66M
Dividend Growth	—	-25.2%	+44.7%	+93.2%	-95.5%
Free Cash Flow	14.85M	-4.53M	4.91M	34.40M	20.73M
Free Cash Flow Margin	+8.6%	-1.7%	+2.6%	+23.4%	+23.1%
Free Cash Flow Per Share	4.50	-1.38	1.49	9.62	5.66
Payout Ratio	—	+13.4%	+6.9%	+5.8%	+5.5%

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	171.89M	273.35M	188.40M	147.07M	89.84M
Cost of Revenue	—	179.62M	98.64M	92.25M	54.41M
Gross Profit	171.89M	93.74M	89.76M	54.82M	35.44M
SG&A	—	60.51M	43.74M	24.88M	17.88M
Operating Expenses	149.46M	60.25M	45.87M	24.77M	17.54M
Operating Income	22.44M	33.49M	43.90M	30.05M	17.89M
Interest Income	—	907.83K	503.47K	103.82K	4.60K
Interest Expense	—	-1.03M	-0.05M	-0.14M	-0.07M
Other Income/Expense	—	-475.10K	-262.77K	—	—
Pretax Income	22.44M	32.89M	44.09M	30.02M	17.83M
Income Tax	1.86M	2.75M	3.49M	2.09M	1.32M
Net Income	20.58M	30.14M	40.60M	27.93M	16.52M
EBITDA	23.24M	34.29M	45.02M	30.34M	18.34M
EBIT	22.44M	33.49M	43.90M	30.05M	17.89M
EPS (Basic)	6.24	9.15	12.33	7.81	4.51
EPS (Diluted)	6.24	9.15	12.33	7.81	4.51
DPS	—	0.92	1.23	0.85	0.44
Margins & Efficiency
Gross Margin %	+100.0%	+34.3%	+47.6%	+37.3%	+39.4%
EBITDA Margin %	+13.5%	+12.5%	+23.9%	+20.6%	+20.4%
Net Margin %	+12.0%	+11.0%	+21.6%	+19.0%	+18.4%
Revenue & Income
Revenue	171.89M	273.35M	188.40M	147.07M	89.84M
Revenue Growth (YoY)	-37.1%	+45.1%	+28.1%	+63.7%	+117.2%
Interest & Investment Income	—	907.83K	503.47K	103.82K	4.60K
Expenses & Provisions
Cost of Revenue	—	179.62M	98.64M	92.25M	54.41M
Selling, General & Admin	—	60.51M	43.74M	24.88M	17.88M
Operating Expenses	149.46M	60.25M	45.87M	24.77M	17.54M
Other Operating Expenses	149.46M	-0.07M	-0.46M	—	-0.14M
Interest Expense	—	-1.03M	-0.05M	-0.14M	-0.07M
Other Non Operating Income (Expenses)	—	-475.10K	-262.77K	—	—
D&A For EBITDA	0.81M	0.81M	1.12M	0.29M	0.44M
Profitability & Returns
Gross Profit	171.89M	93.74M	89.76M	54.82M	35.44M
Gross Margin	+100.0%	+34.3%	+47.6%	+37.3%	+39.4%
EBIT	22.44M	33.49M	43.90M	30.05M	17.89M
EBIT Margin	+13.1%	+12.3%	+23.3%	+20.4%	+19.9%
EBITDA	23.24M	34.29M	45.02M	30.34M	18.34M
EBITDA Margin	+13.5%	+12.5%	+23.9%	+20.6%	+20.4%
Pretax Income	22.44M	32.89M	44.09M	30.02M	17.83M
Operating Income	22.44M	33.49M	43.90M	30.05M	17.89M
Operating Margin	+13.1%	+12.3%	+23.3%	+20.4%	+19.9%
Profit Margin	+12.0%	+11.0%	+21.6%	+19.0%	+18.4%
Net Income	20.58M	30.14M	40.60M	27.93M	16.52M
Net Income to Common	20.58M	30.14M	40.60M	27.93M	16.52M
Net Income Growth	-31.7%	-25.8%	+45.4%	+69.1%	+75.0%
Income Tax Expense	1.86M	2.75M	3.49M	2.09M	1.32M
Effective Tax Rate	+8.3%	+8.4%	+7.9%	+7.0%	+7.4%
Per Share & Capital
EPS (Basic)	6.24	9.15	12.33	7.81	4.51
EPS (Diluted)	6.24	9.15	12.33	7.81	4.51
EPS Growth	-31.8%	-25.8%	+57.9%	+73.0%	-73.8%
Dividend Per Share	—	0.92	1.23	0.85	0.44
Shares Change (YoY)	0	—	-0.08	-0.02	5.67
Shares Outstanding (Basic)	3.30M	3.29M	3.29M	3.58M	3.66M
Shares Outstanding (Diluted)	3.30M	3.29M	3.29M	3.58M	3.66M
Dividend Growth	—	-25.2%	+44.7%	+93.2%	-95.5%
Free Cash Flow	14.85M	-4.53M	4.91M	34.40M	20.73M
Free Cash Flow Margin	+8.6%	-1.7%	+2.6%	+23.4%	+23.1%
Free Cash Flow Per Share	4.50	-1.38	1.49	9.62	5.66
Payout Ratio	—	+13.4%	+6.9%	+5.8%	+5.5%