Income Statement OBEN GLASPAR Saudi Arabian S.E.

Stocks

9531

SA15GG54KTH8

Commodity Chemicals

Delayed Saudi Arabian S.E.			5-day change	1st Jan Change
- ^SAR	-.--%		+5.15%	-20.83%

08-11	Al Obeikan Glass Company Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
08-09	Tadawul Shares Start Week Subdued; Saudi's Business Sentiment Remains Optimistic in July	MT

84a8eb47235e.y7ecCWhxc27SmFXZJn1F9LLDIY3SJBHtkKOjLg2kZso.gv71SDAeHB6brTqMUDg1hNGObs_iSWGC58jrcVn9L7Py-MZaDBAHC7raFA

Published financial data: OBEN GLASPAR

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (SAR)	2022 (SAR)	2023 (SAR)	2024 (SAR)	2025 (SAR)
Revenues	463M	502M	394M	327M	355M
Total Revenues	463M	502M	394M	327M	355M
Cost of Goods Sold, Total	212M	246M	244M	222M	235M
Gross Profit	251M	256M	150M	105M	120M
Selling General & Admin Expenses, Total	65.51M	63.39M	76.36M	75.41M	89.08M
Provision for Bad Debts	-	5.39M	-2.59M	28.62M	-29.95M
Other Operating Expenses	466K	-1.36M	-4.47M	-3.56M	-3.83M
Other Operating Expenses, Total	65.98M	67.41M	69.3M	100M	55.3M
Operating Income	185M	189M	80.4M	4.58M	64.73M
Interest Expense, Total	-5.34M	-4.72M	-3.41M	-3.31M	-6.59M
Interest And Investment Income	-	500K	677K	447K	1.47M
Net Interest Expenses	-5.34M	-4.22M	-2.73M	-2.86M	-5.11M
Currency Exchange Gains (Loss)	-461K	-217K	-1.4M	-703K	384K
Other Non Operating Income (Expenses)	-	-	-7M	-	-
EBT, Excl. Unusual Items	180M	184M	69.27M	1.02M	60.01M
Gain (Loss) On Sale Of Assets	58	17.86K	151K	348	901
Other Unusual Items	-	-	700K	-	-
EBT, Incl. Unusual Items	180M	184M	70.12M	1.02M	60.01M
Income Tax Expense	5.98M	6.72M	6.09M	4.58M	4.02M
Earnings From Continuing Operations	174M	178M	64.03M	-3.55M	55.98M
Net Income to Company	174M	178M	64.03M	-3.55M	55.98M
Minority Interest	-	-	3.63M	4.87M	7.17M
Net Income - (IS)	174M	178M	67.66M	1.32M	63.16M
Net Income to Common Incl Extra Items	174M	178M	67.66M	1.32M	63.16M
Net Income to Common Excl. Extra Items	174M	178M	67.66M	1.32M	63.16M
Per Share Items
Net EPS - Basic	5.43	5.55	2.11	0.04	1.98
Basic EPS - Continuing Operations	5.43	5.55	2.11	0.04	1.98
Basic Weighted Average Shares Outstanding	32M	32M	32M	32.01M	31.97M
Net EPS - Diluted	5.43	5.55	2.11	0.04	1.98
Diluted EPS - Continuing Operations	5.43	5.55	2.11	0.04	1.98
Diluted Weighted Average Shares Outstanding	32M	32M	32M	32.01M	31.97M
Normalized Basic EPS	3.51	3.6	1.47	0.17	1.4
Normalized Diluted EPS	3.51	3.6	1.47	0.17	1.4
Dividend Per Share	0.75	-	2	1	-
Payout Ratio	13.82	27.02	-	4.86K	50.62
Supplemental Items
EBITDA	222M	226M	119M	43.82M	112M
EBITA	185M	189M	80.4M	4.58M	65.43M
EBIT	185M	189M	80.4M	4.58M	64.73M
EBITDAR	222M	227M	121M	44.85M	113M
Effective Tax Rate - (Ratio)	3.33	3.64	8.68	448.13	6.7
Normalized Net Income	112M	115M	46.93M	5.51M	44.68M
Interest on Long-Term Debt	4.76M	4.44M	2.66M	1.3M	1.3M
Non-Cash Pension Expense	297K	38.29K	881K	850K	1.13M
Supplemental Operating Expense Items
Selling and Marketing Expenses	46.25M	40.26M	39.33M	40.6M	49.74M
General and Administrative Expenses	18.97M	22.28M	34.07M	32.93M	37.98M
Net Rental Expense, Total	62.23K	462K	2.08M	1.03M	224K
Imputed Operating Lease Interest Expense	10.84K	109K	890K	440K	79.68K
Imputed Operating Lease Depreciation	51.38K	353K	1.19M	591K	144K

Fiscal Period: December	2021 (SAR)	2022 (SAR)	2023 (SAR)	2024 (SAR)	2025 (SAR)
Assets
Cash And Equivalents	112M	26.55M	82.84M	34.06M	50.79M
Total Cash And Short Term Investments	112M	26.55M	82.84M	34.06M	50.79M
Accounts Receivable, Total	140M	110M	125M	116M	84.99M
Other Receivables	-	-	318K	26.28M	5.11M
Total Receivables	140M	110M	125M	142M	90.1M
Inventory	36.71M	94.77M	43.45M	50.6M	77.68M
Prepaid Expenses	2.92M	50.08M	47.09M	1.96M	50.13M
Other Current Assets, Total	8.12M	9.78M	18.42M	30.47M	8.85M
Total Current Assets	300M	291M	317M	259M	278M
Gross Property Plant And Equipment	831M	840M	899M	969M	1.27B
Accumulated Depreciation	-417M	-450M	-488M	-528M	-677M
Net Property Plant And Equipment	414M	390M	411M	441M	596M
Long-term Investments	16.7M	3.09M	1.97M	118K	-
Goodwill	-	-	-	-	81.3M
Other Intangibles, Total	-	-	-	-	8.14M
Total Assets	731M	684M	730M	700M	963M
Liabilities
Accounts Payable, Total	27.55M	14.32M	18.26M	16.03M	54.09M
Accrued Expenses, Total	18.33M	16.4M	10.18M	12.06M	16.43M
Short-term Borrowings	25.9M	3.81M	6.16M	51.41M	-
Current Portion of Long-Term Debt	70M	58.5M	2.32M	5.89M	153M
Current Portion of Leases	1.96M	2.45M	1.28M	2.11M	2M
Current Income Taxes Payable	4.62M	5.35M	4.88M	3.52M	3.32M
Other Current Liabilities	9.3M	6.12M	9.81M	6.26M	62.08M
Total Current Liabilities	158M	107M	52.89M	97.28M	291M
Long-Term Debt	108M	-	7.4M	2.75M	34.48M
Long-Term Leases	27.78M	22.03M	23.21M	21.54M	22.51M
Pension & Other Post Retirement Benefits	19.18M	19.2M	19.06M	21.61M	31.2M
Total Liabilities	313M	148M	103M	143M	379M
Common Stock, Total	240M	240M	320M	320M	320M
Retained Earnings	164M	295M	282M	220M	251M
Treasury Stock	-	-	-	-1.03M	-865K
Comprehensive Income and Other	14.24M	635K	-486K	-2.34M	-
Total Common Equity	418M	536M	602M	537M	570M
Minority Interest	-	-	25.57M	20.7M	13.51M
Total Equity	418M	536M	628M	557M	583M
Total Liabilities And Equity	731M	684M	730M	700M	963M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	32M	32M	32M	32.04M	32.13M
ECS Total Common Shares Outstanding	32M	32M	32M	32.04M	32.13M
Book Value / Share	13.06	16.75	18.81	16.75	17.73
Tangible Book Value	418M	536M	602M	537M	480M
Tangible Book Value Per Share	13.06	16.75	18.81	16.75	14.95
Total Debt	234M	86.8M	40.36M	83.7M	212M
Net Debt	122M	60.24M	-42.48M	49.64M	161M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	-	-	31.2M
Debt Equivalent Oper. Leases	498K	3.7M	16.6M	8.25M	1.79M
Minority Interest, Total (Incl. Fin. Div)	-	-	25.57M	20.7M	13.51M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	13.13M	34.52M	11.85M	22.43M	32.45M
Inventories - Work In Process, Total	5.44M	6.62M	7.64M	2.7M	2.97M
Inventories - Finished Goods, Total	10.15M	43.19M	9.84M	8.9M	22.57M
Inventories - Others	8.83M	10.99M	14.41M	16.81M	20.33M
Buildings, Total	105M	105M	105M	105M	183M
Machinery, Total	680M	690M	707M	718M	1.04B
Full Time Employees	-	-	-	-	394
Accumulated Allowance for Doubtful Accounts (Supple)	1.59M	6.98M	4.24M	3.26M	3.61M

Fiscal Period: December	2021 (SAR)	2022 (SAR)	2023 (SAR)	2024 (SAR)	2025 (SAR)
Net Income	174M	178M	67.66M	1.32M	63.16M
Depreciation & Amortization - CF	37.39M	38.95M	39.76M	40.47M	48.39M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	696K
Depreciation & Amortization, Total	37.39M	38.95M	39.76M	40.47M	49.08M
(Gain) Loss From Sale Of Asset	-58	-17.86K	-151K	-348	-901
Provision and Write-off of Bad Debts	509K	5.39M	-2.59M	-878K	-452K
Other Operating Activities, Total	8.48M	2.49M	4.6M	25.13M	-33.16M
Change In Accounts Receivable	-17.6M	-25.58M	-12.48M	9.87M	104M
Change In Inventories	4.45M	-57.77M	51.57M	-7.09M	2.17M
Change In Accounts Payable	4.58M	-13.22M	3.86M	-3.36M	-205M
Change in Other Net Operating Assets	-38.25M	-3.28M	-11.43M	-22.92M	54.43M
Cash from Operations	173M	125M	141M	42.54M	34.56M
Capital Expenditure	-14.19M	-19.37M	-25.62M	-70.37M	-46.37M
Sale of Property, Plant, and Equipment	6.33K	32.38K	168K	348	439K
Cash Acquisitions	-	-	-	-	-9.83M
Cash from Investing	-14.19M	-19.34M	-25.45M	-70.37M	-55.76M
Short Term Debt Issued, Total	25.9M	-	-	-	-
Long-Term Debt Issued, Total	-	7.49M	34.28M	111M	190M
Total Debt Issued	25.9M	7.49M	34.28M	111M	190M
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-54.93M	-150M	-93.36M	-66.73M	-119M
Total Debt Repaid	-54.93M	-150M	-93.36M	-66.73M	-119M
Repurchase of Common Stock	-	-	-	-1.03M	-862K
Common Dividends Paid	-24M	-48M	-	-64M	-31.97M
Common & Preferred Stock Dividends Paid	-24M	-48M	-	-64M	-31.97M
Cash from Financing	-53.03M	-191M	-59.08M	-20.95M	37.94M
Net Change in Cash	106M	-85.69M	56.29M	-48.78M	16.73M
Supplemental Items
Cash Interest Paid	-	4.98M	2.38M	4.65M	4.59M
Levered Free Cash Flow	92.22M	40.61M	93.49M	-25.39M	136M
Unlevered Free Cash Flow	95.56M	43.56M	95.62M	-23.33M	140M
Change In Net Working Capital	43.55M	94.01M	-31.23M	-3.71M	-96.51M
Net Debt Issued / Repaid	-29.03M	-143M	-59.08M	44.08M	70.77M

Fiscal Period: December	2021 (SAR)	2022 (SAR)	2023 (SAR)	2024 (SAR)	2025 (SAR)
Profitability
Return on Assets	17.42	16.68	7.11	0.4	4.87
Return on Total Capital	19.71	18.51	7.79	0.44	5.63
Return On Equity %	50.67	37.26	11.01	-0.6	9.82
Return on Common Equity	50.67	37.26	11.89	0.23	11.42
Margin Analysis
Gross Profit Margin %	54.28	51.02	38	32.12	33.84
SG&A Margin	14.14	12.62	19.38	23.05	25.12
EBITDA Margin %	47.83	45.1	30.21	13.39	31.68
EBITA Margin %	40.04	37.59	20.41	1.4	18.45
EBIT Margin %	40.04	37.59	20.41	1.4	18.25
Income From Continuing Operations Margin %	37.49	35.38	16.25	-1.09	15.78
Net Income Margin %	37.49	35.38	17.17	0.4	17.81
Net Avail. For Common Margin %	37.49	35.38	17.17	0.4	17.81
Normalized Net Income Margin	24.24	22.94	11.91	1.68	12.6
Levered Free Cash Flow Margin	19.91	8.09	23.73	-7.76	38.22
Unlevered Free Cash Flow Margin	20.63	8.67	24.27	-7.13	39.39
Asset Turnover
Asset Turnover	0.7	0.71	0.56	0.46	0.43
Fixed Assets Turnover	1.09	1.25	0.98	0.77	0.68
Receivables Turnover (Average Receivables)	3.93	5.04	3.36	2.72	3.53
Inventory Turnover (Average Inventory)	5.46	3.74	3.53	4.72	3.66
Short Term Liquidity
Current Ratio	1.9	2.72	5.99	2.67	0.95
Quick Ratio	1.6	1.28	3.93	1.81	0.48
Operating Cash Flow to Current Liabilities	1.1	1.17	2.66	0.44	0.12
Days Sales Outstanding (Average Receivables)	92.93	72.49	108.73	134.71	103.37
Days Outstanding Inventory (Average Inventory)	66.85	97.55	103.26	77.5	99.77
Average Days Payable Outstanding	51.38	25.13	30.73	28.27	48.89
Cash Conversion Cycle (Average Days)	108.39	144.91	181.27	183.94	154.25
Long Term Solvency
Total Debt/Equity	56.04	16.2	6.43	15.02	36.38
Total Debt / Total Capital	35.91	13.94	6.04	13.06	26.68
LT Debt/Equity	32.62	4.11	4.88	4.36	9.77
Long-Term Debt / Total Capital	20.9	3.54	4.58	3.79	7.16
Total Liabilities / Total Assets	42.84	21.66	14.05	20.44	39.41
EBIT / Interest Expense	34.71	40.03	23.6	1.39	9.83
EBITDA / Interest Expense	41.7	48.29	35.26	13.62	17.28
(EBITDA - Capex) / Interest Expense	39.05	44.18	27.75	-7.65	10.24
Total Debt / EBITDA	1.05	0.38	0.34	1.86	1.86
Net Debt / EBITDA	0.55	0.26	-0.35	1.1	1.42
Total Debt / (EBITDA - Capex)	1.12	0.42	0.43	-3.31	3.15
Net Debt / (EBITDA - Capex)	0.58	0.29	-0.45	-1.96	2.39
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	77.26	8.41	-21.55	-16.97	8.42
Gross Profit, 1 Yr. Growth %	223.69	1.89	-41.57	-29.82	14.26
EBITDA, 1 Yr. Growth %	264.65	2.22	-47.44	-63.19	157.74
EBITA, 1 Yr. Growth %	593.8	1.79	-57.41	-94.3	1.4K
EBIT, 1 Yr. Growth %	593.8	1.79	-57.41	-94.3	1.39K
Earnings From Cont. Operations, 1 Yr. Growth %	904.21	2.28	-63.96	-105.55	-1.68K
Net Income, 1 Yr. Growth %	904.21	2.28	-61.91	-98.05	4.69K
Normalized Net Income, 1 Yr. Growth %	788.22	2.61	-59.27	-88.26	732.05
Diluted EPS Before Extra, 1 Yr. Growth %	904.21	2.28	-61.91	-98.05	4.7K
Accounts Receivable, 1 Yr. Growth %	46.8	22.53	13.71	-7.2	-26.68
Inventory, 1 Yr. Growth %	-10.17	158.14	-54.15	16.45	53.52
Net Property, Plant and Equip., 1 Yr. Growth %	-4.74	-5.79	5.43	7.27	35.06
Total Assets, 1 Yr. Growth %	21.91	-6.41	6.73	-4.07	37.44
Tangible Book Value, 1 Yr. Growth %	56.06	28.25	12.34	-10.87	-10.47
Common Equity, 1 Yr. Growth %	56.06	28.25	12.34	-10.87	6.2
Cash From Operations, 1 Yr. Growth %	183.98	-27.37	13.01	-69.79	-18.77
Capital Expenditures, 1 Yr. Growth %	-53.17	36.51	32.24	174.66	-34.11
Levered Free Cash Flow, 1 Yr. Growth %	203.51	-55.96	130.21	-127.16	-630.92
Unlevered Free Cash Flow, 1 Yr. Growth %	183.03	-54.42	119.52	-124.4	-695.23
Dividend Per Share, 1 Yr. Growth %	-	-	-	-50	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	34.03	38.62	-7.78	-19.29	-5.12
Gross Profit, 2 Yr. CAGR %	65.47	81.6	-22.84	-35.96	-10.46
EBITDA, 2 Yr. CAGR %	71.44	93.06	-26.71	-56.02	-2.85
EBITA, 2 Yr. CAGR %	110.74	165.74	-34.16	-84.42	-9.79
EBIT, 2 Yr. CAGR %	110.74	165.74	-34.16	-84.42	-10.27
Earnings From Cont. Operations, 2 Yr. CAGR %	150.4	220.49	-39.28	-85.86	-6.5
Net Income, 2 Yr. CAGR %	150.4	220.49	-37.58	-91.39	-3.39
Normalized Net Income, 2 Yr. CAGR %	134.94	201.89	-35.36	-78.13	-2.43
Diluted EPS Before Extra, 2 Yr. CAGR %	148.44	220.49	-37.58	-91.39	-3.35
Accounts Receivable, 2 Yr. CAGR %	26.23	7.2	18.04	2.73	-17.51
Inventory, 2 Yr. CAGR %	-18.75	52.28	8.79	-26.93	33.71
Net Property, Plant and Equip., 2 Yr. CAGR %	-2.27	-5.27	-0.34	6.35	20.37
Total Assets, 2 Yr. CAGR %	7.66	6.81	-0.06	1.19	14.82
Tangible Book Value, 2 Yr. CAGR %	27.83	41.47	20.03	0.06	-10.67
Common Equity, 2 Yr. CAGR %	27.83	41.47	20.03	0.06	-2.71
Cash From Operations, 2 Yr. CAGR %	100.28	42.92	-9.4	-41.57	-50.46
Capital Expenditures, 2 Yr. CAGR %	-27.43	-20.05	34.36	90.58	34.53
Levered Free Cash Flow, 2 Yr. CAGR %	-	15.61	0.69	-20.92	20.42
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	13.58	0.03	-26.82	20.87
Dividend Per Share, 2 Yr. CAGR %	-	-	63.3	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	24.88	14.66	-10.95	-10.95
Gross Profit, 3 Yr. CAGR %	-	40.77	24.44	-25.24	-22.33
EBITDA, 3 Yr. CAGR %	-	44.3	25.12	-41.74	-20.84
EBITA, 3 Yr. CAGR %	-	65.35	44.35	-70.87	-29.76
EBIT, 3 Yr. CAGR %	-	65.35	44.35	-70.87	-30.01
Earnings From Cont. Operations, 3 Yr. CAGR %	-	85.79	54.7	-72.65	-31.95
Net Income, 3 Yr. CAGR %	-	85.79	57.57	-80.35	-29.16
Normalized Net Income, 3 Yr. CAGR %	-	78.25	54.83	-63.39	-27.08
Diluted EPS Before Extra, 3 Yr. CAGR %	-	84.82	57.57	-80.35	-29.14
Accounts Receivable, 3 Yr. CAGR %	-	7.65	9.33	8.94	-8.19
Inventory, 3 Yr. CAGR %	-	19.45	2.06	11.28	-6.41
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-3.46	-1.83	2.14	15.17
Total Assets, 3 Yr. CAGR %	-	2.75	6.79	-1.41	12.06
Tangible Book Value, 3 Yr. CAGR %	-	27.97	31.01	8.69	-3.58
Common Equity, 3 Yr. CAGR %	-	27.97	31.01	8.69	2.07
Cash From Operations, 3 Yr. CAGR %	-	42.36	32.16	-37.18	-34.79
Capital Expenditures, 3 Yr. CAGR %	-	-10.42	-5.45	70.52	33.76
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	45.45	-34.94	49.45
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	41.48	-37.5	47.47
Dividend Per Share, 3 Yr. CAGR %	-	-	-	10.06	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	4.87	6.3
Gross Profit, 5 Yr. CAGR %	-	-	-	2.73	9.09
EBITDA, 5 Yr. CAGR %	-	-	-	-10.28	13.08
EBITA, 5 Yr. CAGR %	-	-	-	-35.72	19.61
EBIT, 5 Yr. CAGR %	-	-	-	-35.72	19.35
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-33.68	26.48
Net Income, 5 Yr. CAGR %	-	-	-	-45.61	29.57
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-22.99	28.72
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-45.79	29.59
Accounts Receivable, 5 Yr. CAGR %	-	-	-	5.65	-2.32
Inventory, 5 Yr. CAGR %	-	-	-	-1.87	13.7
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	0.35	6.51
Total Assets, 5 Yr. CAGR %	-	-	-	2.12	9.93
Tangible Book Value, 5 Yr. CAGR %	-	-	-	15.98	12.4
Common Equity, 5 Yr. CAGR %	-	-	-	15.98	16.31
Cash From Operations, 5 Yr. CAGR %	-	-	-	-0.3	-10.75
Capital Expenditures, 5 Yr. CAGR %	-	-	-	21.16	8.88
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	34.87
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	32.84