ARMAH

Armah Sports Company

9590StocksTadawulConsumer Discretionary

Financials

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	224.90M	177.46M	80.11M	13.19M	0.44M
Cost of Revenue	113.82M	94.10M	51.63M	15.06M	2.08M
Gross Profit	111.08M	83.36M	28.48M	-1.87M	-1.64M
SG&A	33.81M	23.09M	17.91M	23.07M	9.17M
Operating Expenses	39.51M	29.22M	16.58M	19.12M	9.05M
Operating Income	71.57M	54.15M	11.90M	-20.99M	-10.69M
Interest Income	6.31M	2.66M	0.37M	—	—
Interest Expense	-23.71M	-22.60M	-11.23M	-4.25M	-0.44M
Other Income/Expense	—	4.51M	-0.47M	—	—
Pretax Income	63.54M	39.22M	0.80M	-25.24M	-11.12M
Income Tax	1.53M	0.97M	0.04M	—	0.03M
Net Income	62.01M	38.25M	0.76M	-25.24M	-11.15M
EBITDA	105.64M	83.66M	31.56M	-15.09M	-10.16M
EBIT	71.57M	54.15M	11.90M	-20.99M	-10.69M
EPS (Basic)	1.89	1.16	0.03	-1.74	-2.12
EPS (Diluted)	1.89	1.16	0.03	-1.74	-2.12
Margins & Efficiency
Gross Margin %	+49.4%	+47.0%	+35.5%	-14.1%	-374.7%
EBITDA Margin %	+47.0%	+47.1%	+39.4%	-114.3%	-2,321.3%
Net Margin %	+27.6%	+21.6%	+1.0%	-191.3%	-2,548.3%
Revenue & Income
Revenue	224.90M	177.46M	80.11M	13.19M	0.44M
Revenue Growth (YoY)	+26.7%	+121.5%	+507.2%	+2,914.0%	—
Interest & Investment Income	6.31M	2.66M	0.37M	—	—
Currency Exchange Gain (Loss)	-131.89K	504.09K	237.26K	—	—
Expenses & Provisions
Advertising Expenses	2.65M	2.20M	1.61M	—	—
Cost of Revenue	113.82M	94.10M	51.63M	15.06M	2.08M
Selling, General & Admin	33.81M	23.09M	17.91M	23.07M	9.17M
Operating Expenses	39.51M	29.22M	16.58M	19.12M	9.05M
Other Operating Expenses	5.71M	6.13M	-1.32M	-3.94M	-0.12M
Interest Expense	-23.71M	-22.60M	-11.23M	-4.25M	-0.44M
Other Non Operating Income (Expenses)	—	4.51M	-0.47M	—	—
D&A For EBITDA	34.07M	29.52M	19.66M	5.90M	0.53M
Profitability & Returns
Gross Profit	111.08M	83.36M	28.48M	-1.87M	-1.64M
Gross Margin	+49.4%	+47.0%	+35.5%	-14.1%	—
EBIT	71.57M	54.15M	11.90M	-20.99M	-10.69M
EBIT Margin	+31.8%	+30.5%	+14.9%	-159.1%	—
EBITDA	105.64M	83.66M	31.56M	-15.09M	-10.16M
EBITDA Margin	+47.0%	+47.1%	+39.4%	-114.3%	—
EBT Excluding Unusual Items	54.04M	39.22M	0.80M	-25.24M	-11.12M
Pretax Income	63.54M	39.22M	0.80M	-25.24M	-11.12M
Operating Income	71.57M	54.15M	11.90M	-20.99M	-10.69M
Operating Margin	+31.8%	+30.5%	+14.9%	-159.1%	-2,441.4%
Profit Margin	+27.6%	+21.6%	+1.0%	-191.3%	-2,548.3%
Net Income	62.01M	38.25M	0.76M	-25.24M	-11.15M
Net Income to Common	62.01M	38.25M	0.76M	-25.24M	-11.15M
Net Income Growth	+62.1%	+4,918.4%	—	—	—
Income Tax Expense	1.53M	0.97M	0.04M	—	0.03M
Effective Tax Rate	+2.4%	+2.5%	+5.0%	—	—
Per Share & Capital
EPS (Basic)	1.89	1.16	0.03	-1.74	-2.12
EPS (Diluted)	1.89	1.16	0.03	-1.74	-2.12
EPS Growth	+62.1%	+4,346.2%	—	—	—
Shares Change (YoY)	—	0.13	1	1.76	—
Shares Outstanding (Basic)	32.86M	32.86M	29.11M	14.53M	5.26M
Shares Outstanding (Diluted)	32.86M	32.86M	29.11M	14.53M	5.26M
Free Cash Flow	68.30M	51.72M	-52.40M	-109.56M	-68.11M
Free Cash Flow Margin	+30.4%	+29.1%	-65.4%	-830.4%	-15,559.5%
Free Cash Flow Per Share	2.08	1.57	-1.80	-7.54	-12.94
Supplemental
Other Unusual Items	9.51M	—	—	—	—

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	224.90M	177.46M	80.11M	13.19M	0.44M
Cost of Revenue	113.82M	94.10M	51.63M	15.06M	2.08M
Gross Profit	111.08M	83.36M	28.48M	-1.87M	-1.64M
SG&A	33.81M	23.09M	17.91M	23.07M	9.17M
Operating Expenses	39.51M	29.22M	16.58M	19.12M	9.05M
Operating Income	71.57M	54.15M	11.90M	-20.99M	-10.69M
Interest Income	6.31M	2.66M	0.37M	—	—
Interest Expense	-23.71M	-22.60M	-11.23M	-4.25M	-0.44M
Other Income/Expense	—	4.51M	-0.47M	—	—
Pretax Income	63.54M	39.22M	0.80M	-25.24M	-11.12M
Income Tax	1.53M	0.97M	0.04M	—	0.03M
Net Income	62.01M	38.25M	0.76M	-25.24M	-11.15M
EBITDA	105.64M	83.66M	31.56M	-15.09M	-10.16M
EBIT	71.57M	54.15M	11.90M	-20.99M	-10.69M
EPS (Basic)	1.89	1.16	0.03	-1.74	-2.12
EPS (Diluted)	1.89	1.16	0.03	-1.74	-2.12
Margins & Efficiency
Gross Margin %	+49.4%	+47.0%	+35.5%	-14.1%	-374.7%
EBITDA Margin %	+47.0%	+47.1%	+39.4%	-114.3%	-2,321.3%
Net Margin %	+27.6%	+21.6%	+1.0%	-191.3%	-2,548.3%
Revenue & Income
Revenue	224.90M	177.46M	80.11M	13.19M	0.44M
Revenue Growth (YoY)	+26.7%	+121.5%	+507.2%	+2,914.0%	—
Interest & Investment Income	6.31M	2.66M	0.37M	—	—
Currency Exchange Gain (Loss)	-131.89K	504.09K	237.26K	—	—
Expenses & Provisions
Advertising Expenses	2.65M	2.20M	1.61M	—	—
Cost of Revenue	113.82M	94.10M	51.63M	15.06M	2.08M
Selling, General & Admin	33.81M	23.09M	17.91M	23.07M	9.17M
Operating Expenses	39.51M	29.22M	16.58M	19.12M	9.05M
Other Operating Expenses	5.71M	6.13M	-1.32M	-3.94M	-0.12M
Interest Expense	-23.71M	-22.60M	-11.23M	-4.25M	-0.44M
Other Non Operating Income (Expenses)	—	4.51M	-0.47M	—	—
D&A For EBITDA	34.07M	29.52M	19.66M	5.90M	0.53M
Profitability & Returns
Gross Profit	111.08M	83.36M	28.48M	-1.87M	-1.64M
Gross Margin	+49.4%	+47.0%	+35.5%	-14.1%	—
EBIT	71.57M	54.15M	11.90M	-20.99M	-10.69M
EBIT Margin	+31.8%	+30.5%	+14.9%	-159.1%	—
EBITDA	105.64M	83.66M	31.56M	-15.09M	-10.16M
EBITDA Margin	+47.0%	+47.1%	+39.4%	-114.3%	—
EBT Excluding Unusual Items	54.04M	39.22M	0.80M	-25.24M	-11.12M
Pretax Income	63.54M	39.22M	0.80M	-25.24M	-11.12M
Operating Income	71.57M	54.15M	11.90M	-20.99M	-10.69M
Operating Margin	+31.8%	+30.5%	+14.9%	-159.1%	-2,441.4%
Profit Margin	+27.6%	+21.6%	+1.0%	-191.3%	-2,548.3%
Net Income	62.01M	38.25M	0.76M	-25.24M	-11.15M
Net Income to Common	62.01M	38.25M	0.76M	-25.24M	-11.15M
Net Income Growth	+62.1%	+4,918.4%	—	—	—
Income Tax Expense	1.53M	0.97M	0.04M	—	0.03M
Effective Tax Rate	+2.4%	+2.5%	+5.0%	—	—
Per Share & Capital
EPS (Basic)	1.89	1.16	0.03	-1.74	-2.12
EPS (Diluted)	1.89	1.16	0.03	-1.74	-2.12
EPS Growth	+62.1%	+4,346.2%	—	—	—
Shares Change (YoY)	—	0.13	1	1.76	—
Shares Outstanding (Basic)	32.86M	32.86M	29.11M	14.53M	5.26M
Shares Outstanding (Diluted)	32.86M	32.86M	29.11M	14.53M	5.26M
Free Cash Flow	68.30M	51.72M	-52.40M	-109.56M	-68.11M
Free Cash Flow Margin	+30.4%	+29.1%	-65.4%	-830.4%	-15,559.5%
Free Cash Flow Per Share	2.08	1.57	-1.80	-7.54	-12.94
Supplemental
Other Unusual Items	9.51M	—	—	—	—