PERFECT PRESENTATION FOR COMMERCIAL SERVICES COMPANY

Cash flow Perfect Presentation for Commercial Services Company

Stocks

7204

SA15LISJGI11

IT Services & Consulting

Market Closed - Saudi Arabian S.E. Other stock markets 15:20:00 10/08/2026 +03			5-day change	1st Jan Change
6.470 ^SAR	+0.62%		+4.69%	-15.76%

07:39am	Saudi Arabia's 2P Renews, Boosts Banking Facilities	MT
08-05	Saudi Arabia's 2P Posts Higher H1 Net Profit, Revenue	MT

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Published financial data: PERFECT PRESENTATION FOR COMMERCIAL SERVICES COMPANY

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	655M	927M	1.13B	1.07B	1.24B
Total Revenues	655M	927M	1.13B	1.07B	1.24B
Cost of Goods Sold, Total	540M	747M	919M	820M	956M
Gross Profit	115M	180M	210M	251M	281M
Selling General & Admin Expenses, Total	27.95M	38.16M	33.82M	52.35M	61.92M
Provision for Bad Debts	1.5M	4.4M	12.55M	30.76M	33.53M
Other Operating Expenses	-	-	-8.71M	-11.97M	-3.63M
Other Operating Expenses, Total	29.45M	42.56M	37.67M	71.14M	91.82M
Operating Income	85.96M	138M	173M	180M	189M
Interest Expense, Total	-	-	-	-	-47.49M
Interest And Investment Income	39.07K	30.24K	-	-	-
Net Interest Expenses	39.07K	30.24K	-	-	-47.49M
Income (Loss) On Equity Invest.	-	-	-	-	-
Other Non Operating Income (Expenses)	-1.46M	-1.3M	-37.43M	-40.49M	-
EBT, Excl. Unusual Items	84.54M	136M	135M	139M	142M
Gain (Loss) On Sale Of Assets	-315K	-	-	31.75M	-
EBT, Incl. Unusual Items	84.23M	136M	135M	171M	142M
Income Tax Expense	3.61M	4.88M	6.02M	7.71M	7.71M
Earnings From Continuing Operations	80.62M	131M	129M	163M	134M
Net Income to Company	80.62M	131M	129M	163M	134M
Net Income - (IS)	80.62M	131M	129M	163M	134M
Net Income to Common Incl Extra Items	80.62M	131M	129M	163M	134M
Net Income to Common Excl. Extra Items	80.62M	131M	129M	163M	134M
Per Share Items
Net EPS - Basic	2.02	0.44	0.43	0.54	0.45
Basic EPS - Continuing Operations	2.02	0.44	0.43	0.54	0.45
Basic Weighted Average Shares Outstanding	40M	300M	300M	300M	300M
Net EPS - Diluted	2.02	0.44	0.43	0.54	0.45
Diluted EPS - Continuing Operations	2.02	0.44	0.43	0.54	0.45
Diluted Weighted Average Shares Outstanding	40M	300M	300M	300M	300M
Normalized Basic EPS	1.32	0.28	0.28	0.29	0.3
Normalized Diluted EPS	1.32	0.28	0.28	0.29	0.3
Dividend Per Share	0.06	0.04	-	-	-
Payout Ratio	40.16	19.78	8.12	-	-
Supplemental Items
EBITDA	88.85M	142M	177M	185M	195M
EBITA	85.96M	138M	173M	180M	189M
EBIT	85.96M	138M	173M	180M	189M
Effective Tax Rate - (Ratio)	4.29	3.58	4.45	4.51	5.44
Normalized Net Income	52.84M	85.21M	84.57M	87.05M	88.69M
Interest on Long-Term Debt	-	-	-	-	98.59K
Non-Cash Pension Expense	283K	462K	988K	-	1.88M
Supplemental Operating Expense Items
Selling and Marketing Expenses	7.8M	9.04M	6.93M	7.44M	13.01M
General and Administrative Expenses	19.86M	28.65M	25.91M	43.55M	47.03M
Maintenance & Repair Expenses, Total	2.95M	1.91M	2.71M	1.27M	1.04M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	69.46M	67.21M	51.5M	100M	86.83M
Total Cash And Short Term Investments	69.46M	67.21M	51.5M	100M	86.83M
Accounts Receivable, Total	290M	586M	922M	1.11B	1.53B
Other Receivables	2.4M	3.14M	11.53M	6.32M	9.33M
Total Receivables	292M	590M	933M	1.12B	1.54B
Inventory	892K	295K	3.9M	4.06M	8.79M
Prepaid Expenses	7.47M	3.81M	2.72M	22.84M	37.34M
Other Current Assets, Total	13.02M	11.88M	12.04M	21.16M	12.25M
Total Current Assets	383M	673M	1B	1.27B	1.68B
Gross Property Plant And Equipment	134M	152M	174M	144M	234M
Accumulated Depreciation	-17.2M	-21.34M	-25.41M	-13.52M	-19.17M
Net Property Plant And Equipment	117M	131M	149M	131M	214M
Long-term Investments	1.5M	2.05M	-	-	-
Other Intangibles, Total	-	1.2M	26.51M	34.2M	35.39M
Total Assets	501M	807M	1.18B	1.43B	1.93B
Liabilities
Accounts Payable, Total	73.38M	166M	189M	187M	199M
Accrued Expenses, Total	71.1M	92.4M	136M	149M	186M
Short-term Borrowings	84.03M	152M	333M	440M	676M
Current Portion of Long-Term Debt	2.7M	2.18M	2.78M	2.32M	-
Current Portion of Leases	-	-	-	-	977K
Current Income Taxes Payable	3.47M	5.27M	6.9M	7.72M	7.61M
Unearned Revenue Current, Total	58.34M	70.69M	61.34M	44.31M	47.62M
Other Current Liabilities	20.44M	33.16M	30.43M	17.88M	2.6M
Total Current Liabilities	313M	522M	760M	848M	1.12B
Long-Term Debt	7.26M	5.36M	2.58M	-	83M
Long-Term Leases	-	-	-	-	1.42M
Pension & Other Post Retirement Benefits	20.92M	26.42M	34.05M	41.09M	57.36M
Total Liabilities	342M	554M	796M	890M	1.26B
Common Stock, Total	20M	150M	150M	300M	330M
Additional Paid In Capital	6.67M	-	-	-	-
Retained Earnings	133M	104M	232M	245M	342M
Comprehensive Income and Other	-	-	-	-	-
Total Common Equity	160M	254M	382M	545M	672M
Total Equity	160M	254M	382M	545M	672M
Total Liabilities And Equity	501M	807M	1.18B	1.43B	1.93B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	40M	300M	300M	300M	330M
ECS Total Common Shares Outstanding	40M	300M	300M	300M	330M
Book Value / Share	3.99	0.85	1.27	1.82	2.04
Tangible Book Value	160M	252M	356M	511M	636M
Tangible Book Value Per Share	3.99	0.84	1.19	1.7	1.93
Total Debt	93.99M	160M	339M	442M	761M
Net Debt	24.53M	92.35M	287M	342M	674M
Debt Equivalent of Unfunded Proj. Benefit Obligation	20.92M	26.42M	34.05M	-	57.36M
Account Code - Inventory Valuation	6	3	3	6	6
Inventories - Finished Goods, Total	48.49K	145K	3.39M	3.97M	8.51M
Inventories - Others	843K	150K	519K	89.76K	283K
Land - (BS)	52.07M	52.07M	52.07M	45.04M	84.53M
Buildings, Total	63.42M	63.47M	92.17M	73.11M	73.28M
Machinery, Total	16.51M	19.14M	26.23M	20.11M	26.13M
Full Time Employees	3.94K	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	2.15M	5.07M	14.09M	33.66M	61.69M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	80.62M	131M	129M	163M	134M
Depreciation & Amortization - CF	2.89M	4.14M	4.07M	5.34M	6.25M
Depreciation & Amortization, Total	2.89M	4.14M	4.07M	5.34M	6.25M
Amortization of Deferred Charges, Total - (CF)	-	194K	627K	1.96M	6.06M
(Gain) Loss From Sale Of Asset	296K	-	12.86K	-31.75M	-
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	-	-	-	-	-
Provision and Write-off of Bad Debts	1.5M	4.4M	12.55M	27.96M	31.4M
Other Operating Activities, Total	8.7M	5.67M	8.03M	50.8M	58.13M
Change In Accounts Receivable	-108M	-301M	-346M	-176M	-461M
Change In Inventories	4.52M	597K	-3.61M	-156K	1.14M
Change In Accounts Payable	40.04M	77.02M	27.85M	12.92M	7.85M
Change in Unearned Revenues	28.88M	12.36M	-9.35M	-17.03M	3.31M
Change in Other Net Operating Assets	37.85M	43.28M	62.82M	-101M	29.13M
Cash from Operations	96.93M	-21.83M	-114M	-63.59M	-184M
Capital Expenditure	-21.8M	-18.59M	-21.5M	-9.5M	-92.73M
Sale of Property, Plant, and Equipment	-	-	-	53.85M	-
Cash Acquisitions	-	-	-	-	-
Divestitures	19.09K	-	-	-	-
Sale (Purchase) of Intangible assets	-	-1.4M	-25.94M	-9.65M	-7.24M
Investment in Marketable and Equity Securities, Total	-	-	2.41K	-	-
Other Investing Activities, Total	-	-	2.41M	-	-
Cash from Investing	-21.78M	-19.99M	-45.03M	34.7M	-99.98M
Short Term Debt Issued, Total	-	-	154M	766M	236M
Long-Term Debt Issued, Total	16.15M	65.57M	-	-	83M
Total Debt Issued	16.15M	65.57M	154M	766M	319M
Short Term Debt Repaid, Total	-	-	-	-644M	-
Long-Term Debt Repaid, Total	-	-	-2.18M	-3.04M	-3.14M
Total Debt Repaid	-	-	-2.18M	-647M	-3.14M
Common Dividends Paid	-32.38M	-26M	-10.5M	-	-
Common & Preferred Stock Dividends Paid	-32.38M	-26M	-10.5M	-	-
Other Financing Activities, Total	-	-	2.18M	-40.49M	-45.31M
Cash from Financing	-16.23M	39.57M	143M	77.83M	270M
Net Change in Cash	58.91M	-2.25M	-15.71M	48.93M	-13.6M
Supplemental Items
Cash Interest Paid	-	-	-	-	45.31M
Levered Free Cash Flow	40.96M	-80.66M	-225M	-134M	-389M
Unlevered Free Cash Flow	40.96M	-80.66M	-225M	-134M	-360M
Change In Net Working Capital	-6.15M	151M	290M	235M	390M
Net Debt Issued / Repaid	16.15M	65.57M	151M	118M	315M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	13.14	13.14	10.87	8.6	7.03
Return on Total Capital	24.27	25.79	19.05	13.16	9.78
Return On Equity %	59.53	63.61	40.68	35.24	22.06
Return on Common Equity	59.53	63.61	40.68	35.24	22.06
Margin Analysis
Gross Profit Margin %	17.61	19.43	18.63	23.43	22.73
SG&A Margin	4.26	4.12	2.99	4.89	5
EBITDA Margin %	13.56	15.29	15.65	17.28	15.76
EBITA Margin %	13.11	14.84	15.29	16.79	15.31
EBIT Margin %	13.11	14.84	15.29	16.79	15.31
Income From Continuing Operations Margin %	12.3	14.18	11.45	15.25	10.85
Net Income Margin %	12.3	14.18	11.45	15.25	10.85
Net Avail. For Common Margin %	12.3	14.18	11.45	15.25	10.85
Normalized Net Income Margin	8.06	9.19	7.49	8.13	7.17
Levered Free Cash Flow Margin	6.25	-8.7	-19.9	-12.54	-31.48
Unlevered Free Cash Flow Margin	6.25	-8.7	-19.9	-12.54	-29.08
Asset Turnover
Asset Turnover	1.6	1.42	1.14	0.82	0.73
Fixed Assets Turnover	6.11	7.48	8.08	7.67	7.17
Receivables Turnover (Average Receivables)	2.77	2.12	1.5	1.05	0.94
Inventory Turnover (Average Inventory)	171.31	1.26K	437.86	205.94	148.8
Short Term Liquidity
Current Ratio	1.22	1.29	1.32	1.5	1.5
Quick Ratio	1.15	1.26	1.3	1.44	1.45
Operating Cash Flow to Current Liabilities	0.31	-0.04	-0.15	-0.07	-0.16
Days Sales Outstanding (Average Receivables)	131.69	172.51	244	347.98	389.94
Days Outstanding Inventory (Average Inventory)	2.13	0.29	0.83	1.78	2.45
Average Days Payable Outstanding	39.34	58.55	70.27	89.63	73.37
Cash Conversion Cycle (Average Days)	94.48	114.24	174.56	260.12	319.03
Long Term Solvency
Total Debt/Equity	58.85	62.92	88.61	81.1	113.32
Total Debt / Total Capital	37.05	38.62	46.98	44.78	53.12
LT Debt/Equity	4.54	2.12	0.68	-	12.57
Long-Term Debt / Total Capital	2.86	1.3	0.36	-	5.89
Total Liabilities / Total Assets	68.14	68.58	67.58	62.01	65.26
EBIT / Interest Expense	-	-	-	-	3.99
EBITDA / Interest Expense	-	-	-	-	4.12
(EBITDA - Capex) / Interest Expense	-	-	-	-	2.17
Total Debt / EBITDA	1.06	1.13	1.91	2.39	3.89
Net Debt / EBITDA	0.28	0.65	1.62	1.84	3.45
Total Debt / (EBITDA - Capex)	1.4	1.3	2.18	2.52	7.39
Net Debt / (EBITDA - Capex)	0.37	0.75	1.85	1.94	6.55
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	35.86	41.45	21.84	-5.19	15.53
Gross Profit, 1 Yr. Growth %	27.15	56.1	5.53	19.26	12.07
EBITDA, 1 Yr. Growth %	35.96	59.53	7.15	4.7	7.69
EBITA, 1 Yr. Growth %	36.58	60.08	7.38	4.08	7.75
EBIT, 1 Yr. Growth %	36.58	60.08	7.38	4.08	7.75
Earnings From Cont. Operations, 1 Yr. Growth %	25.24	63.06	-1.64	26.33	-17.84
Net Income, 1 Yr. Growth %	25.24	63.06	-1.64	26.33	-17.84
Normalized Net Income, 1 Yr. Growth %	27.82	61.3	-0.75	2.94	4.89
Diluted EPS Before Extra, 1 Yr. Growth %	25.24	63.06	-1.64	26.33	-17.84
Accounts Receivable, 1 Yr. Growth %	58.38	102.29	56.54	20.98	37.12
Inventory, 1 Yr. Growth %	-83.53	-66.95	1.22K	4	116.51
Net Property, Plant and Equip., 1 Yr. Growth %	18.98	12.38	13.28	-12.07	64.11
Total Assets, 1 Yr. Growth %	58.34	61	45.98	21.74	34.75
Tangible Book Value, 1 Yr. Growth %	43.74	58.03	40.85	43.68	24.54
Common Equity, 1 Yr. Growth %	43.74	58.78	50.64	42.66	23.22
Cash From Operations, 1 Yr. Growth %	96.77	-122.53	421.15	-16.72	188.87
Capital Expenditures, 1 Yr. Growth %	-40.62	-14.72	15.64	-55.79	875.65
Levered Free Cash Flow, 1 Yr. Growth %	-419.84	-296.89	240.07	-40.27	140.27
Unlevered Free Cash Flow, 1 Yr. Growth %	-419.84	-296.89	240.07	-40.27	163.03
Dividend Per Share, 1 Yr. Growth %	-99.99	-38.05	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	46.32	38.63	31.28	7.48	4.66
Gross Profit, 2 Yr. CAGR %	44.44	40.88	35.02	12.18	15.61
EBITDA, 2 Yr. CAGR %	69.6	47.27	41.07	5.92	5.03
EBITA, 2 Yr. CAGR %	73.24	47.86	41.76	5.71	4.71
EBIT, 2 Yr. CAGR %	73.24	47.86	41.76	5.71	4.71
Earnings From Cont. Operations, 2 Yr. CAGR %	73.11	42.9	26.64	11.47	1.88
Net Income, 2 Yr. CAGR %	73.11	42.9	26.64	11.47	1.88
Normalized Net Income, 2 Yr. CAGR %	72.65	43.57	26.53	1.08	2.41
Diluted EPS Before Extra, 2 Yr. CAGR %	73.11	-47.82	26.64	11.47	1.88
Accounts Receivable, 2 Yr. CAGR %	59.2	78.99	78.29	37.62	28.8
Inventory, 2 Yr. CAGR %	-9.22	-76.67	109.24	271.16	50.06
Net Property, Plant and Equip., 2 Yr. CAGR %	35.16	15.64	12.83	-0.2	20.12
Total Assets, 2 Yr. CAGR %	56.28	59.67	53.31	33.31	28.08
Tangible Book Value, 2 Yr. CAGR %	46.48	50.71	49.19	42.26	33.77
Common Equity, 2 Yr. CAGR %	46.48	51.07	54.66	46.6	32.59
Cash From Operations, 2 Yr. CAGR %	285.02	-33.42	8.35	70.66	55.1
Capital Expenditures, 2 Yr. CAGR %	-30.75	-28.84	-0.69	-28.5	107.68
Levered Free Cash Flow, 2 Yr. CAGR %	-12.54	150.95	134.27	42.52	31.62
Unlevered Free Cash Flow, 2 Yr. CAGR %	-11.44	150.95	134.27	42.52	26.5
Dividend Per Share, 2 Yr. CAGR %	-99.29	-99.34	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	53.78	44.68	32.79	17.78	10.1
Gross Profit, 3 Yr. CAGR %	59.43	48.23	32.34	29.55	12.15
EBITDA, 3 Yr. CAGR %	73.65	66.18	39.34	27.72	5.73
EBITA, 3 Yr. CAGR %	81.97	68.74	40.01	27.88	5.59
EBIT, 3 Yr. CAGR %	81.97	68.74	40.01	27.88	5.59
Earnings From Cont. Operations, 3 Yr. CAGR %	66.34	69.69	26.17	26.54	0.69
Net Income, 3 Yr. CAGR %	66.34	69.69	26.17	26.54	0.69
Normalized Net Income, 3 Yr. CAGR %	66.17	68.77	26.95	18.12	1.34
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-13.31	-35.54	26.54	0.69
Accounts Receivable, 3 Yr. CAGR %	51.56	72.43	71.39	56.67	37.45
Inventory, 3 Yr. CAGR %	12.37	-35.18	-10.32	65.74	210.12
Net Property, Plant and Equip., 3 Yr. CAGR %	78.08	27.09	14.85	3.83	17.8
Total Assets, 3 Yr. CAGR %	57.23	57.84	54.97	41.97	33.79
Tangible Book Value, 3 Yr. CAGR %	47.95	50.23	47.35	47.33	36.09
Common Equity, 3 Yr. CAGR %	47.95	50.47	50.93	50.55	38.35
Cash From Operations, 3 Yr. CAGR %	403.81	49.47	32.19	-13.11	103.39
Capital Expenditures, 3 Yr. CAGR %	229.5	-25.77	-16.34	-24.18	70.86
Levered Free Cash Flow, 3 Yr. CAGR %	-	14.63	159.89	48.55	80.6
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	15.58	159.89	48.55	75.89
Dividend Per Share, 3 Yr. CAGR %	-94.8	-96.86	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	44.35	28.46	20.73
Gross Profit, 5 Yr. CAGR %	-	-	49.18	35.31	25.38
EBITDA, 5 Yr. CAGR %	-	-	59.8	43.06	24.44
EBITA, 5 Yr. CAGR %	-	-	64.67	44.4	24.65
EBIT, 5 Yr. CAGR %	-	-	64.67	44.4	24.65
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	49.15	43.44	15.83
Net Income, 5 Yr. CAGR %	-	-	49.15	43.44	15.83
Normalized Net Income, 5 Yr. CAGR %	-	-	49	37.48	16.49
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-4.14	-22.59
Accounts Receivable, 5 Yr. CAGR %	-	-	61.73	57.68	52.88
Inventory, 5 Yr. CAGR %	-	-	44.1	30.28	10.18
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	48.37	15.38	16.93
Total Assets, 5 Yr. CAGR %	-	-	55.65	47.53	43.6
Tangible Book Value, 5 Yr. CAGR %	-	-	48.45	46.99	41.76
Common Equity, 5 Yr. CAGR %	-	-	50.6	48.91	43.3
Cash From Operations, 5 Yr. CAGR %	-	-	172.45	57.61	30.11
Capital Expenditures, 5 Yr. CAGR %	-	-	103.94	-26.88	20.36
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	20.19	97.97
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	20.78	94.86