MASAFAT FOR SPECIALISED TRANSPORT COMPANY

Income Statement Masafat for Specialised Transport Company

Stocks

MSFT

JO3124311015

Ground Freight & Logistics

End-of-day quote Amman S.E. 2026-10-01			5-day change	1st Jan Change
1.120 ^JOD	+0.90%		+3.70%	+33.33%

07-25	Masafat for Specialised Transport Company Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
05-01	Masafat for Specialised Transport Company Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

b90b82bc53b7a.rAnTtvjDx-LGsYNgT2Tf1RfKTOiBxr0vK9Be4eF0yYw.m0e65s2zrq_--LUkegbumk2eBYnThNpKWKQxhJgnscP2bZ7pnqikiIOAxg

Published financial data: MASAFAT FOR SPECIALISED TRANSPORT COMPANY

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (JOD)	2022 (JOD)	2023 (JOD)	2024 (JOD)	2025 (JOD)
Revenues	23.04M	27.39M	35.75M	32.47M	32.59M
Total Revenues	23.04M	27.39M	35.75M	32.47M	32.59M
Cost of Goods Sold, Total	20.76M	23.91M	31.62M	29.78M	29.79M
Gross Profit	2.28M	3.48M	4.12M	2.69M	2.8M
Selling General & Admin Expenses, Total	831K	1.04M	1.13M	1.23M	1.27M
Provision for Bad Debts	66.51K	-	-	-	1.03K
Depreciation & Amortization - (IS)	131K	162K	182K	201K	234K
Other Operating Expenses	-230K	-186K	-27.31K	-32.75K	-819K
Other Operating Expenses, Total	799K	1.01M	1.28M	1.4M	681K
Operating Income	1.48M	2.47M	2.84M	1.3M	2.12M
Interest Expense, Total	-455K	-497K	-654K	-684K	-727K
Net Interest Expenses	-455K	-497K	-654K	-684K	-727K
Income (Loss) On Equity Invest.	37.15K	36K	140K	112K	51.34K
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	-258K	-403K	-301K	257K	-233K
EBT, Excl. Unusual Items	806K	1.61M	2.02M	980K	1.21M
Gain (Loss) On Sale Of Investments	-	-54K	-155K	-	-
Gain (Loss) On Sale Of Assets	49.7K	58.89K	62.89K	300K	343K
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	856K	1.61M	1.93M	1.28M	1.56M
Income Tax Expense	80.83K	542K	479K	217K	262K
Earnings From Continuing Operations	775K	1.07M	1.45M	1.06M	1.29M
Net Income to Company	775K	1.07M	1.45M	1.06M	1.29M
Minority Interest	125	3	4	-3	-4
Net Income - (IS)	775K	1.07M	1.45M	1.06M	1.29M
Net Income to Common Incl Extra Items	775K	1.07M	1.45M	1.06M	1.29M
Net Income to Common Excl. Extra Items	775K	1.07M	1.45M	1.06M	1.29M
Per Share Items
Net EPS - Basic	0.04	0.06	0.08	0.06	0.07
Basic EPS - Continuing Operations	0.04	0.06	0.08	0.06	0.07
Basic Weighted Average Shares Outstanding	18.5M	18.5M	18.5M	18.5M	18.5M
Net EPS - Diluted	0.04	0.06	0.08	0.06	0.07
Diluted EPS - Continuing Operations	0.04	0.06	0.08	0.06	0.07
Diluted Weighted Average Shares Outstanding	18.5M	18.5M	18.5M	18.5M	18.5M
Normalized Basic EPS	0.03	0.05	0.07	0.03	0.04
Normalized Diluted EPS	0.03	0.05	0.07	0.03	0.04
Dividend Per Share	0.04	0.04	-	0.04	0.04
Payout Ratio	71.58	60.4	50.97	87.04	57.2
Supplemental Items
EBITDA	4.01M	5.14M	6.02M	4.64M	5.29M
EBITA	1.48M	2.47M	2.84M	1.3M	2.12M
EBIT	1.48M	2.47M	2.84M	1.3M	2.12M
EBITDAR	11.08M	12.95M	17.93M	14.7M	14.77M
Effective Tax Rate - (Ratio)	9.44	33.56	24.79	16.93	16.86
Normalized Net Income	504K	1.01M	1.26M	612K	758K
Non-Cash Pension Expense	-	-	-	-	25.46K
Supplemental Operating Expense Items
Advertising Expense	362	1.7K	6.19K	3.13K	7.34K
Selling and Marketing Expenses	15.36K	16.7K	21.19K	18.13K	22.34K
General and Administrative Expenses	192K	194K	223K	263K	258K
Net Rental Expense, Total	7.07M	7.81M	11.91M	10.06M	9.48M
Imputed Operating Lease Interest Expense	3.83M	4.11M	7.4M	6.32M	5.99M
Imputed Operating Lease Depreciation	3.24M	3.71M	4.51M	3.74M	3.49M
Maintenance & Repair Expenses, Total	164K	215K	235K	240K	172K

Fiscal Period: December	2021 (JOD)	2022 (JOD)	2023 (JOD)	2024 (JOD)	2025 (JOD)
Assets
Cash And Equivalents	218K	49.82K	176K	102K	202K
Total Cash And Short Term Investments	218K	49.82K	176K	102K	202K
Accounts Receivable, Total	9.21M	10.17M	8.89M	8.27M	6.15M
Other Receivables	175K	248K	266K	319K	269K
Total Receivables	9.38M	10.42M	9.15M	8.59M	6.42M
Inventory	387K	517K	520K	990K	1.01M
Prepaid Expenses	493K	566K	511K	394K	472K
Other Current Assets, Total	371K	553K	190K	236K	253K
Total Current Assets	10.85M	12.11M	10.55M	10.31M	8.36M
Gross Property Plant And Equipment	43.59M	47.99M	53.22M	56.01M	-
Accumulated Depreciation	-23.49M	-25.93M	-28.65M	-30.83M	-
Net Property Plant And Equipment	20.1M	22.06M	24.56M	25.19M	26.78M
Long-term Investments	1.78M	1.7M	1.84M	2.17M	2.26M
Other Long-Term Assets, Total	13.05K	154K	28.36K	28.36K	1.24M
Total Assets	32.75M	36.02M	36.98M	37.69M	38.64M
Liabilities
Accounts Payable, Total	1.67M	2.15M	1.79M	2.19M	1.96M
Accrued Expenses, Total	346K	547K	590K	501K	520K
Short-term Borrowings	3.81M	4.27M	4.98M	5.09M	5.06M
Current Portion of Long-Term Debt	1.18M	1.82M	1.56M	1.57M	2M
Current Portion of Leases	298K	554K	619K	552K	513K
Current Income Taxes Payable	46.1K	321K	350K	147K	218K
Unearned Revenue Current, Total	55.88K	503K	372K	231K	120K
Other Current Liabilities	1.48M	1.56M	1.77M	1.95M	1.73M
Total Current Liabilities	8.88M	11.73M	12.03M	12.24M	12.14M
Long-Term Debt	1.46M	1.39M	1.25M	1.47M	1.76M
Long-Term Leases	114K	231K	159K	193K	188K
Pension & Other Post Retirement Benefits	13.69K	29.57K	12.59K	18.31K	33.9K
Other Non Current Liabilities	-	-	-	-	127K
Total Liabilities	10.47M	13.38M	13.45M	13.92M	14.25M
Common Stock, Total	18.5M	18.5M	18.5M	18.5M	18.5M
Retained Earnings	3.91M	4.33M	5.04M	5.18M	5.73M
Comprehensive Income and Other	-129K	-193K	-11.54K	86.65K	159K
Total Common Equity	22.28M	22.64M	23.53M	23.77M	24.39M
Minority Interest	1.31K	1.3K	1.3K	1.3K	1.31K
Total Equity	22.28M	22.64M	23.53M	23.77M	24.39M
Total Liabilities And Equity	32.75M	36.02M	36.98M	37.69M	38.64M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	18.5M	18.5M	18.5M	18.5M	18.5M
ECS Total Common Shares Outstanding	18.5M	18.5M	18.5M	18.5M	18.5M
Book Value / Share	1.2	1.22	1.27	1.28	1.32
Tangible Book Value	22.28M	22.64M	23.53M	23.77M	24.39M
Tangible Book Value Per Share	1.2	1.22	1.27	1.28	1.32
Total Debt	6.86M	8.27M	8.56M	8.88M	9.53M
Net Debt	6.64M	8.22M	8.39M	8.77M	9.33M
Debt Equivalent Oper. Leases	56.55M	62.5M	95.31M	80.47M	75.82M
Minority Interest, Total (Incl. Fin. Div)	1.31K	1.3K	1.3K	1.3K	1.31K
Equity Method Investments, Total	1.45M	1.43M	1.4M	1.63M	1.65M
Account Code - Inventory Valuation	6	6	-	6	6
Inventories - Raw Materials, Total	149K	224K	93K	134K	125K
Inventories - Finished Goods, Total	14.28K	49.3K	55.76K	62.38K	61.74K
Inventories - Others	225K	245K	333K	767K	826K
Land - (BS)	3.79M	3.79M	3.79M	4.38M	-
Buildings, Total	1.53M	1.58M	1.74M	1.82M	-
Machinery, Total	37.77M	42.12M	47.18M	49.32M	-
Full Time Employees	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	692K	692K	681K	681K	682K

Fiscal Period: December	2021 (JOD)	2022 (JOD)	2023 (JOD)	2024 (JOD)	2025 (JOD)
Net Income	775K	1.07M	1.45M	1.06M	1.29M
Depreciation & Amortization - CF	2.53M	2.66M	3.18M	3.35M	3.17M
Depreciation & Amortization, Total	2.53M	2.66M	3.18M	3.35M	3.17M
(Gain) Loss From Sale Of Asset	-49.7K	-58.89K	-62.89K	-300K	-343K
(Gain) Loss on Sale of Investments - (CF)	-	54K	155K	-	-
(Income) Loss On Equity Investments - (CF)	-37.15K	-36K	-140K	-112K	-51.34K
Provision and Write-off of Bad Debts	66.51K	-	-	-	-
Other Operating Activities, Total	45.1K	431K	75.64K	-159K	108K
Change In Accounts Receivable	-989K	-990K	747K	288K	411K
Change In Inventories	-29.62K	-130K	35.39K	-481K	-50.28K
Change In Accounts Payable	680K	301K	-365K	404K	-230K
Change in Other Net Operating Assets	-987K	471K	957K	277K	233K
Cash from Operations	2.01M	3.78M	6.04M	4.33M	4.54M
Capital Expenditure	-1.96M	-5.01M	-5.9M	-4.1M	-4.93M
Sale of Property, Plant, and Equipment	343K	305K	411K	431K	537K
Investment in Marketable and Equity Securities, Total	-110K	-	25.06K	-116K	31.84K
Cash from Investing	-1.72M	-4.7M	-5.47M	-3.79M	-4.36M
Short Term Debt Issued, Total	-	463K	709K	110K	-
Long-Term Debt Issued, Total	457K	941K	-	234K	727K
Total Debt Issued	457K	1.4M	709K	345K	727K
Short Term Debt Repaid, Total	-149K	-	-	-	-25.22K
Long-Term Debt Repaid, Total	-	-	-410K	-33.45K	-44.46K
Total Debt Repaid	-149K	-	-410K	-33.45K	-69.68K
Common Dividends Paid	-555K	-648K	-740K	-925K	-740K
Common & Preferred Stock Dividends Paid	-555K	-648K	-740K	-925K	-740K
Cash from Financing	-247K	757K	-441K	-614K	-82.64K
Net Change in Cash	36.49K	-169K	126K	-74.25K	100K
Supplemental Items
Cash Income Tax Paid (Refund)	87.98K	141K	428K	405K	179K
Levered Free Cash Flow	-2.18K	-1.04M	109K	-50.49K	688K
Unlevered Free Cash Flow	282K	-732K	517K	377K	1.14M
Change In Net Working Capital	1.22M	-66.67K	-1.47M	-323K	-1.57M
Net Debt Issued / Repaid	308K	1.4M	299K	311K	657K

Fiscal Period: December	2021 (JOD)	2022 (JOD)	2023 (JOD)	2024 (JOD)	2025 (JOD)
Profitability
Return on Assets	2.85	4.5	4.86	2.17	3.47
Return on Total Capital	3.21	5.15	5.63	2.5	3.98
Return On Equity %	3.5	4.77	6.29	4.49	5.37
Return on Common Equity	3.5	4.77	6.29	4.49	5.37
Margin Analysis
Gross Profit Margin %	9.9	12.72	11.53	8.29	8.6
SG&A Margin	3.61	3.78	3.16	3.79	3.88
EBITDA Margin %	17.42	18.75	16.84	14.3	16.24
EBITA Margin %	6.43	9.03	7.94	3.99	6.51
EBIT Margin %	6.43	9.03	7.94	3.99	6.51
Income From Continuing Operations Margin %	3.37	3.91	4.06	3.27	3.97
Net Income Margin %	3.37	3.91	4.06	3.27	3.97
Net Avail. For Common Margin %	3.37	3.91	4.06	3.27	3.97
Normalized Net Income Margin	2.19	3.67	3.54	1.89	2.33
Levered Free Cash Flow Margin	-0.01	-3.81	0.3	-0.16	2.11
Unlevered Free Cash Flow Margin	1.22	-2.67	1.45	1.16	3.5
Asset Turnover
Asset Turnover	0.71	0.8	0.98	0.87	0.85
Fixed Assets Turnover	1.13	1.3	1.53	1.31	1.25
Receivables Turnover (Average Receivables)	2.63	2.83	3.75	3.78	4.52
Inventory Turnover (Average Inventory)	53.13	52.84	60.95	39.42	30.15
Short Term Liquidity
Current Ratio	1.22	1.03	0.88	0.84	0.69
Quick Ratio	1.08	0.89	0.78	0.71	0.55
Operating Cash Flow to Current Liabilities	0.23	0.32	0.5	0.35	0.37
Days Sales Outstanding (Average Receivables)	138.56	128.97	97.33	96.71	80.77
Days Outstanding Inventory (Average Inventory)	6.87	6.91	5.99	9.28	12.11
Average Days Payable Outstanding	23.34	30.42	22.75	24.09	25.41
Cash Conversion Cycle (Average Days)	122.09	105.46	80.56	81.9	67.46
Long Term Solvency
Total Debt/Equity	30.8	36.51	36.39	37.34	39.08
Total Debt / Total Capital	23.54	26.74	26.68	27.19	28.1
LT Debt/Equity	7.06	7.15	5.98	6.98	8
Long-Term Debt / Total Capital	5.4	5.24	4.39	5.08	5.75
Total Liabilities / Total Assets	31.97	37.15	36.36	36.94	36.87
EBIT / Interest Expense	3.26	4.98	4.34	1.89	2.92
EBITDA / Interest Expense	8.83	10.33	9.21	6.78	7.28
(EBITDA - Capex) / Interest Expense	4.52	0.26	0.18	0.79	0.5
Total Debt / EBITDA	1.71	1.61	1.42	1.91	1.8
Net Debt / EBITDA	1.66	1.6	1.39	1.89	1.76
Total Debt / (EBITDA - Capex)	3.34	64.13	74.79	16.43	26.21
Net Debt / (EBITDA - Capex)	3.23	63.75	73.25	16.24	25.66
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	30.29	18.9	30.5	-9.16	0.37
Gross Profit, 1 Yr. Growth %	58.07	43.27	18.27	-34.65	4.05
EBITDA, 1 Yr. Growth %	13.17	28.02	17.19	-22.86	6.44
EBITA, 1 Yr. Growth %	56.14	66.85	14.73	-54.33	30.44
EBIT, 1 Yr. Growth %	56.14	66.85	14.73	-54.33	30.44
Earnings From Cont. Operations, 1 Yr. Growth %	322.69	38.28	35.44	-26.8	21.72
Net Income, 1 Yr. Growth %	323.07	38.26	35.44	-26.8	21.72
Normalized Net Income, 1 Yr. Growth %	-3.21K	99.45	25.72	-51.55	23.74
Diluted EPS Before Extra, 1 Yr. Growth %	323.07	38.26	35.44	-26.8	21.72
Accounts Receivable, 1 Yr. Growth %	11.14	10.78	-12.63	-6.96	-25.58
Inventory, 1 Yr. Growth %	-1.62	33.54	0.55	90.36	5.22
Net Property, Plant and Equip., 1 Yr. Growth %	-2.39	9.73	11.33	2.54	6.2
Total Assets, 1 Yr. Growth %	1.68	10.07	2.66	1.92	2.53
Tangible Book Value, 1 Yr. Growth %	1.33	1.62	3.95	1	2.63
Common Equity, 1 Yr. Growth %	1.33	1.62	3.95	1	2.63
Cash From Operations, 1 Yr. Growth %	4.21	88.36	59.81	-28.3	5
Capital Expenditures, 1 Yr. Growth %	34.83	156.08	17.92	-30.51	20.15
Levered Free Cash Flow, 1 Yr. Growth %	-100.29	47.67K	-110.44	-146.4	340.76
Unlevered Free Cash Flow, 1 Yr. Growth %	-74.83	-359.54	-170.71	-27.08	95.64
Dividend Per Share, 1 Yr. Growth %	16.67	14.29	-	-	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	1.09	24.47	24.57	8.88	-4.51
Gross Profit, 2 Yr. CAGR %	3.62	55.4	30.17	-12.08	-17.54
EBITDA, 2 Yr. CAGR %	-9.72	20.36	22.48	-4.92	-6.22
EBITA, 2 Yr. CAGR %	-3.07	61.41	38.35	-27.61	-13.53
EBIT, 2 Yr. CAGR %	-3.07	61.41	38.35	-27.61	-13.53
Earnings From Cont. Operations, 2 Yr. CAGR %	0.45	141.76	36.86	-0.43	-5.61
Net Income, 2 Yr. CAGR %	0.46	141.85	36.84	-0.43	-5.61
Normalized Net Income, 2 Yr. CAGR %	19.69	686.95	58.35	-21.95	-22.57
Diluted EPS Before Extra, 2 Yr. CAGR %	0.46	141.86	36.84	-0.43	-5.61
Accounts Receivable, 2 Yr. CAGR %	2.43	10.82	-1.62	-9.84	-16.79
Inventory, 2 Yr. CAGR %	8.17	14.62	15.87	38.35	39.55
Net Property, Plant and Equip., 2 Yr. CAGR %	-4.93	3.49	10.53	6.85	4.41
Total Assets, 2 Yr. CAGR %	-1.51	5.76	6.3	2.29	2.22
Tangible Book Value, 2 Yr. CAGR %	1.07	1.47	2.78	2.46	1.81
Common Equity, 2 Yr. CAGR %	1.07	1.47	2.78	2.46	1.81
Cash From Operations, 2 Yr. CAGR %	-2.94	40.1	73.5	7.04	-13.24
Capital Expenditures, 2 Yr. CAGR %	17.9	85.82	73.78	-9.48	-8.63
Levered Free Cash Flow, 2 Yr. CAGR %	-95.63	18.12	606.19	-77.99	151.39
Unlevered Free Cash Flow, 2 Yr. CAGR %	-57.64	-19.17	35.47	-28.2	48.57
Dividend Per Share, 2 Yr. CAGR %	-	15.47	-	0	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	1.6	6.71	26.45	12.12	5.97
Gross Profit, 3 Yr. CAGR %	5.7	17.94	41.88	3.46	-7.01
EBITDA, 3 Yr. CAGR %	-7.89	1.42	19.3	4.99	1.01
EBITA, 3 Yr. CAGR %	-2.12	16.17	44.05	-4.38	-4.99
EBIT, 3 Yr. CAGR %	-2.12	16.17	44.05	-4.38	-4.99
Earnings From Cont. Operations, 3 Yr. CAGR %	5.05	11.74	99.3	11.09	6.47
Net Income, 3 Yr. CAGR %	5.06	11.74	99.35	11.08	6.46
Normalized Net Income, 3 Yr. CAGR %	6.51	41.9	327.01	6.7	-8.99
Diluted EPS Before Extra, 3 Yr. CAGR %	5.06	11.74	99.35	11.08	6.46
Accounts Receivable, 3 Yr. CAGR %	5.28	5.06	2.38	-3.43	-15.43
Inventory, 3 Yr. CAGR %	-2.41	16.04	9.72	36.72	25.1
Net Property, Plant and Equip., 3 Yr. CAGR %	-5.96	-0.27	6.04	7.8	6.67
Total Assets, 3 Yr. CAGR %	-2.53	2.18	4.72	4.82	2.37
Tangible Book Value, 3 Yr. CAGR %	1.02	1.25	2.29	2.18	2.52
Common Equity, 3 Yr. CAGR %	1.02	1.25	2.29	2.18	2.52
Cash From Operations, 3 Yr. CAGR %	-9.94	21.07	46.38	29.23	6.35
Capital Expenditures, 3 Yr. CAGR %	-8.08	52.69	59.68	28.03	-0.52
Levered Free Cash Flow, 3 Yr. CAGR %	-82.03	-2.94	-47.39	184.96	-12.94
Unlevered Free Cash Flow, 3 Yr. CAGR %	-29.18	-22.48	-22.7	10.2	16
Dividend Per Share, 3 Yr. CAGR %	-	-	-	4.55	0
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	3.81	4.98	10.23	7.57	13.01
Gross Profit, 5 Yr. CAGR %	-0.66	6.77	16.36	4.86	14.2
EBITDA, 5 Yr. CAGR %	-2.66	-0.95	3.24	-1.16	8.35
EBITA, 5 Yr. CAGR %	-2.89	5.18	12.42	-3.86	17.45
EBIT, 5 Yr. CAGR %	-2.89	5.18	12.42	-3.86	17.45
Earnings From Cont. Operations, 5 Yr. CAGR %	-4.05	4.11	16.77	6.7	47.8
Net Income, 5 Yr. CAGR %	-4.05	4.11	16.77	6.7	47.82
Normalized Net Income, 5 Yr. CAGR %	-7.64	6.93	24.82	11.72	115.69
Diluted EPS Before Extra, 5 Yr. CAGR %	-4.05	4.11	16.77	6.7	47.82
Accounts Receivable, 5 Yr. CAGR %	11.81	14.62	2.41	-1.18	-5.77
Inventory, 5 Yr. CAGR %	-10.5	-2.11	4.53	24.5	20.8
Net Property, Plant and Equip., 5 Yr. CAGR %	-2.19	-3.37	0.32	2.52	5.39
Total Assets, 5 Yr. CAGR %	0.39	0.78	0.9	2.23	3.71
Tangible Book Value, 5 Yr. CAGR %	0.35	0.55	1.72	1.74	2.1
Common Equity, 5 Yr. CAGR %	0.35	0.55	1.72	1.74	2.1
Cash From Operations, 5 Yr. CAGR %	-10.39	-0.62	17.07	15.25	18.75
Capital Expenditures, 5 Yr. CAGR %	-15.53	-4.2	18.59	23.88	27.73
Levered Free Cash Flow, 5 Yr. CAGR %	-72.87	-12.15	-21.97	-46.39	-1.64
Unlevered Free Cash Flow, 5 Yr. CAGR %	-25.13	-14.25	-8.2	-24.82	0.39
Dividend Per Share, 5 Yr. CAGR %	-	-4.36	-	-	5.92