Fourth Milling Company Income Statement

Financials in millions SAR. Fiscal year is January - December.

Millions SAR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	633.61	629.03	558.09	578.32	336.3	345.24
Revenue Growth (YoY)	9.01%	12.71%	-3.50%	71.97%	-2.59%	-
Cost of Revenue	338.2	336.17	313.26	316.57	230.54	244.02
Gross Profit	295.42	292.85	244.83	261.75	105.76	101.23
Selling, General & Admin	97.37	94.48	81	70.31	41.9	46.22
Other Operating Expenses	3.34	3.3	3.8	-	-	-
Operating Expenses	100.71	97.79	84.79	70.31	41.9	46.22
Operating Income	194.71	195.07	160.04	191.44	63.86	55
Interest Expense	-11.39	-11.43	-7.88	-14.93	-15.29	-12.52
Interest & Investment Income	7.28	7.28	5.53	-	-	-
Other Non Operating Income (Expenses)	1.33	-	-	2.26	1.7	2.06
EBT Excluding Unusual Items	191.92	190.91	157.68	178.77	50.27	44.55
Gain (Loss) on Sale of Assets	-0.37	-0.37	-	-	-	-
Asset Writedown	-4.4	-4.4	-	-	-	-
Pretax Income	187.15	186.13	157.68	178.77	50.27	44.55
Income Tax Expense	12.14	15.2	14.87	13.85	0.21	-
Net Income	175.01	170.93	142.82	164.92	50.06	44.55
Net Income to Common	175.01	170.93	142.82	164.92	50.06	44.55
Net Income Growth	17.27%	19.69%	-13.40%	229.43%	12.38%	-
Shares Outstanding (Basic)	537	540	540	474	474	474
Shares Outstanding (Diluted)	537	540	540	474	474	474
Shares Change (YoY)	-0.61%	-	13.95%	-	-	-
EPS (Basic)	0.33	0.32	0.26	0.35	0.11	0.09
EPS (Diluted)	0.33	0.32	0.26	0.35	0.11	0.09
EPS Growth	17.77%	19.69%	-24.00%	229.43%	12.38%	-
Free Cash Flow	238.5	248.31	157.95	230.89	38.94	7.13
Free Cash Flow Per Share	0.44	0.46	0.29	0.49	0.08	0.01
Dividend Per Share	0.220	0.220	-	-	-	-
Gross Margin	46.62%	46.56%	43.87%	45.26%	31.45%	29.32%
Operating Margin	30.73%	31.01%	28.68%	33.10%	18.99%	15.93%
Profit Margin	27.62%	27.17%	25.59%	28.52%	14.89%	12.90%
Free Cash Flow Margin	37.64%	39.48%	28.30%	39.92%	11.58%	2.07%
EBITDA	231.27	231.15	195.53	223.53	94.19	84.33
EBITDA Margin	36.50%	36.75%	35.03%	38.65%	28.01%	24.43%
D&A For EBITDA	36.56	36.09	35.49	32.09	30.33	29.33
EBIT	194.71	195.07	160.04	191.44	63.86	55
EBIT Margin	30.73%	31.01%	28.68%	33.10%	18.99%	15.93%
Effective Tax Rate	6.49%	8.17%	9.43%	7.75%	0.41%	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.