Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual (SAR)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	143.75M	139.71M	121.66M	189.58M	103.40M
Cost of Revenue	105.97M	92.37M	75.89M	149.22M	66.45M
Gross Profit	37.78M	47.34M	45.78M	40.36M	36.96M
SG&A	15.07M	12.02M	12.30M	10.81M	9.66M
Operating Expenses	17.89M	12.81M	14.18M	10.81M	9.66M
Operating Income	19.89M	34.53M	31.60M	29.54M	27.29M
Interest Expense	-20.89M	-22.48M	-20.89M	-14.45M	-5.92M
Other Income/Expense	1.85M	1.00M	8.42M	1.82M	1.94M
Pretax Income	5.91M	17.41M	19.13M	20.24M	25.04M
Income Tax	0.15M	1.00M	0.85M	1.09M	2.61M
Net Income	5.76M	16.41M	18.28M	19.14M	22.42M
EBITDA	36.46M	49.43M	44.92M	42.40M	36.76M
EBIT	19.89M	34.53M	31.60M	29.54M	27.29M
EPS (Basic)	0.72	2.05	2.28	2.39	2.80
EPS (Diluted)	0.72	2.05	2.28	2.39	2.80
DPS	—	0.50	—	—	—
Margins & Efficiency
Gross Margin %	+26.3%	+33.9%	+37.6%	+21.3%	+35.7%
EBITDA Margin %	+25.4%	+35.4%	+36.9%	+22.4%	+35.5%
Net Margin %	+4.0%	+11.7%	+15.0%	+10.1%	+21.7%
Revenue & Income
Revenue	143.75M	139.71M	121.66M	189.58M	103.40M
Revenue Growth (YoY)	+2.9%	+14.8%	-35.8%	+83.3%	—
Expenses & Provisions
Advertising Expenses	448.11K	736.63K	771.09K	477.92K	—
Cost of Revenue	105.97M	92.37M	75.89M	149.22M	66.45M
Selling, General & Admin	15.07M	12.02M	12.30M	10.81M	9.66M
Operating Expenses	17.89M	12.81M	14.18M	10.81M	9.66M
Interest Expense	-20.89M	-22.48M	-20.89M	-14.45M	-5.92M
Other Non Operating Income (Expenses)	1.85M	1.00M	8.42M	1.82M	1.94M
D&A For EBITDA	16.58M	14.91M	13.32M	12.86M	9.46M
Profitability & Returns
Gross Profit	37.78M	47.34M	45.78M	40.36M	36.96M
Gross Margin	+26.3%	+33.9%	+37.6%	+21.3%	+35.7%
EBIT	19.89M	34.53M	31.60M	29.54M	27.29M
EBIT Margin	+13.8%	+24.7%	+26.0%	+15.6%	+26.4%
EBITDA	36.46M	49.43M	44.92M	42.40M	36.76M
EBITDA Margin	+25.4%	+35.4%	+36.9%	+22.4%	+35.5%
EBT Excluding Unusual Items	0.85M	13.05M	19.13M	16.91M	23.31M
Pretax Income	5.91M	17.41M	19.13M	20.24M	25.04M
Operating Income	19.89M	34.53M	31.60M	29.54M	27.29M
Operating Margin	+13.8%	+24.7%	+26.0%	+15.6%	+26.4%
Profit Margin	+4.0%	+11.7%	+15.0%	+10.1%	+21.7%
Net Income	5.76M	16.41M	18.28M	19.14M	22.42M
Net Income to Common	5.76M	16.41M	18.28M	19.14M	22.42M
Net Income Growth	-64.9%	-10.2%	-4.5%	-14.6%	—
Income Tax Expense	0.15M	1.00M	0.85M	1.09M	2.61M
Effective Tax Rate	+2.6%	+5.7%	+4.5%	+5.4%	+10.4%
Per Share & Capital
EPS (Basic)	0.72	2.05	2.28	2.39	2.80
EPS (Diluted)	0.72	2.05	2.28	2.39	2.80
EPS Growth	-64.9%	-10.2%	-4.5%	-14.6%	—
Dividend Per Share	—	0.50	—	—	—
Shares Outstanding (Basic)	8.00M	8.00M	8.00M	8.00M	8.00M
Shares Outstanding (Diluted)	8.00M	8.00M	8.00M	8.00M	8.00M
Free Cash Flow	84.26M	94.41M	68.43M	33.58M	-16.66M
Free Cash Flow Margin	+58.6%	+67.6%	+56.2%	+17.7%	-16.1%
Free Cash Flow Per Share	10.53	11.80	8.55	4.20	-2.08
Payout Ratio	+69.5%	—	—	—	—

Income Statement Balance Sheet Cash Flow Ratios

Annual Semi-annual

Annual (SAR)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	143.75M	139.71M	121.66M	189.58M	103.40M
Cost of Revenue	105.97M	92.37M	75.89M	149.22M	66.45M
Gross Profit	37.78M	47.34M	45.78M	40.36M	36.96M
SG&A	15.07M	12.02M	12.30M	10.81M	9.66M
Operating Expenses	17.89M	12.81M	14.18M	10.81M	9.66M
Operating Income	19.89M	34.53M	31.60M	29.54M	27.29M
Interest Expense	-20.89M	-22.48M	-20.89M	-14.45M	-5.92M
Other Income/Expense	1.85M	1.00M	8.42M	1.82M	1.94M
Pretax Income	5.91M	17.41M	19.13M	20.24M	25.04M
Income Tax	0.15M	1.00M	0.85M	1.09M	2.61M
Net Income	5.76M	16.41M	18.28M	19.14M	22.42M
EBITDA	36.46M	49.43M	44.92M	42.40M	36.76M
EBIT	19.89M	34.53M	31.60M	29.54M	27.29M
EPS (Basic)	0.72	2.05	2.28	2.39	2.80
EPS (Diluted)	0.72	2.05	2.28	2.39	2.80
DPS	—	0.50	—	—	—
Margins & Efficiency
Gross Margin %	+26.3%	+33.9%	+37.6%	+21.3%	+35.7%
EBITDA Margin %	+25.4%	+35.4%	+36.9%	+22.4%	+35.5%
Net Margin %	+4.0%	+11.7%	+15.0%	+10.1%	+21.7%
Revenue & Income
Revenue	143.75M	139.71M	121.66M	189.58M	103.40M
Revenue Growth (YoY)	+2.9%	+14.8%	-35.8%	+83.3%	—
Expenses & Provisions
Advertising Expenses	448.11K	736.63K	771.09K	477.92K	—
Cost of Revenue	105.97M	92.37M	75.89M	149.22M	66.45M
Selling, General & Admin	15.07M	12.02M	12.30M	10.81M	9.66M
Operating Expenses	17.89M	12.81M	14.18M	10.81M	9.66M
Interest Expense	-20.89M	-22.48M	-20.89M	-14.45M	-5.92M
Other Non Operating Income (Expenses)	1.85M	1.00M	8.42M	1.82M	1.94M
D&A For EBITDA	16.58M	14.91M	13.32M	12.86M	9.46M
Profitability & Returns
Gross Profit	37.78M	47.34M	45.78M	40.36M	36.96M
Gross Margin	+26.3%	+33.9%	+37.6%	+21.3%	+35.7%
EBIT	19.89M	34.53M	31.60M	29.54M	27.29M
EBIT Margin	+13.8%	+24.7%	+26.0%	+15.6%	+26.4%
EBITDA	36.46M	49.43M	44.92M	42.40M	36.76M
EBITDA Margin	+25.4%	+35.4%	+36.9%	+22.4%	+35.5%
EBT Excluding Unusual Items	0.85M	13.05M	19.13M	16.91M	23.31M
Pretax Income	5.91M	17.41M	19.13M	20.24M	25.04M
Operating Income	19.89M	34.53M	31.60M	29.54M	27.29M
Operating Margin	+13.8%	+24.7%	+26.0%	+15.6%	+26.4%
Profit Margin	+4.0%	+11.7%	+15.0%	+10.1%	+21.7%
Net Income	5.76M	16.41M	18.28M	19.14M	22.42M
Net Income to Common	5.76M	16.41M	18.28M	19.14M	22.42M
Net Income Growth	-64.9%	-10.2%	-4.5%	-14.6%	—
Income Tax Expense	0.15M	1.00M	0.85M	1.09M	2.61M
Effective Tax Rate	+2.6%	+5.7%	+4.5%	+5.4%	+10.4%
Per Share & Capital
EPS (Basic)	0.72	2.05	2.28	2.39	2.80
EPS (Diluted)	0.72	2.05	2.28	2.39	2.80
EPS Growth	-64.9%	-10.2%	-4.5%	-14.6%	—
Dividend Per Share	—	0.50	—	—	—
Shares Outstanding (Basic)	8.00M	8.00M	8.00M	8.00M	8.00M
Shares Outstanding (Diluted)	8.00M	8.00M	8.00M	8.00M	8.00M
Free Cash Flow	84.26M	94.41M	68.43M	33.58M	-16.66M
Free Cash Flow Margin	+58.6%	+67.6%	+56.2%	+17.7%	-16.1%
Free Cash Flow Per Share	10.53	11.80	8.55	4.20	-2.08
Payout Ratio	+69.5%	—	—	—	—

Financials

Annual (SAR)

RIYAL

Annual (SAR)