Cash flow SAL Saudi Logistics Services Company

Stocks

4263

SA15T1L22JH8

Air Freight & Logistics

Market Closed - Saudi Arabian S.E. Other stock markets 13:20:00 20/07/2026 BST			5-day change	1st Jan Change
164.40 ^SAR	-5.41%		-6.48%	+2.49%

07-14	SAL Saudi Logistics Services, Spark Logistics to Collaborate on Saudi Logistics Ecosystem Development	MT
07-12	SAL Saudi Logistics Services Unit Wins Renewable Air Cargo Ground Handling Services Deal	MT

2d9531987da.Cv6qPl6Vb9HkN86I6ZA4b1H-xsl2_J6kVX1yt6a4rRo.e4ntCBvUWbaUBP_G26IVGTKGlqISrMrCPDVG1MmO7lZFidlID_I7gql4gw

Published financial data: SAL SAUDI LOGISTICS SERVICES COMPANY

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	962M	1.22B	1.46B	1.63B	1.71B
Total Revenues	962M	1.22B	1.46B	1.63B	1.71B
Cost of Goods Sold, Total	476M	632M	680M	719M	746M
Gross Profit	486M	591M	776M	915M	962M
Selling General & Admin Expenses, Total	165M	178M	175M	224M	238M
Provision for Bad Debts	-	-	19.41M	-16.63M	-567K
Other Operating Expenses	-24.02M	-5.6M	-4.99M	-1.57M	-2.04M
Other Operating Expenses, Total	141M	172M	189M	206M	235M
Operating Income	345M	419M	586M	709M	727M
Interest Expense, Total	-70.44M	-74.79M	-85.39M	-72.75M	-54.79M
Interest And Investment Income	3.53M	18.88M	51.61M	59.5M	67.24M
Net Interest Expenses	-66.9M	-55.91M	-33.77M	-13.25M	12.45M
Currency Exchange Gains (Loss)	-	-128K	-1.87M	-1.68M	-3.02M
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	279M	363M	551M	694M	737M
Other Unusual Items	-	7.61M	-	-	-
EBT, Incl. Unusual Items	279M	370M	551M	694M	737M
Income Tax Expense	2.96M	8.06M	40.84M	33.04M	38.8M
Earnings From Continuing Operations	276M	362M	510M	661M	698M
Net Income to Company	276M	362M	510M	661M	698M
Net Income - (IS)	276M	362M	510M	661M	698M
Net Income to Common Incl Extra Items	276M	362M	510M	661M	698M
Net Income to Common Excl. Extra Items	276M	362M	510M	661M	698M
Per Share Items
Net EPS - Basic	4.55	4.53	6.37	8.27	8.72
Basic EPS - Continuing Operations	4.55	4.53	6.37	8.27	8.72
Basic Weighted Average Shares Outstanding	60.51M	80M	80M	80M	80M
Net EPS - Diluted	4.55	4.53	6.37	8.27	8.72
Diluted EPS - Continuing Operations	4.55	4.53	6.37	8.27	8.72
Diluted Weighted Average Shares Outstanding	60.51M	80M	80M	80M	80M
Normalized Basic EPS	2.88	2.83	4.3	5.43	5.76
Normalized Diluted EPS	2.88	2.83	4.3	5.43	5.76
Dividend Per Share	-	-	1.51	5.99	6.54
Payout Ratio	36.29	70.36	69.06	74.63	68.55
Supplemental Items
EBITDA	390M	472M	654M	773M	787M
EBITA	349M	422M	589M	713M	731M
EBIT	345M	419M	586M	709M	727M
EBITDAR	-	473M	689M	808M	822M
Effective Tax Rate - (Ratio)	1.06	2.18	7.42	4.76	5.27
Normalized Net Income	174M	227M	344M	434M	460M
Interest Capitalized	9.7M	18.62M	19.59M	20.4M	17.7M
Interest on Long-Term Debt	70.44M	69.75M	68.86M	72.75M	54.79M
Non-Cash Pension Expense	1.48M	2.09M	3.42M	4.02M	5.49M
Supplemental Operating Expense Items
Marketing Expenses	-	-	14.27M	25.46M	18M
Selling and Marketing Expenses	27.87M	30.25M	33.2M	48.44M	41.55M
General and Administrative Expenses	137M	147M	141M	174M	194M
Net Rental Expense, Total	-	296K	35.14M	34.73M	34.52M
Imputed Operating Lease Interest Expense	-	119K	16.7M	17.15M	13.72M
Imputed Operating Lease Depreciation	-	177K	18.44M	17.58M	20.81M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	492M	940M	710M	1.36B	1.54B
Short Term Investments	380M	-	500M	-	-
Total Cash And Short Term Investments	872M	940M	1.21B	1.36B	1.54B
Accounts Receivable, Total	185M	233M	391M	491M	395M
Other Receivables	117M	126M	42.16M	100M	102M
Notes Receivable	-	-	11.79M	11.79M	-
Total Receivables	302M	360M	444M	603M	497M
Inventory	-	30.76M	-	-	-
Prepaid Expenses	7.64M	8.84M	7.46M	9.36M	10.47M
Other Current Assets, Total	36.75M	11.84M	1.46M	4M	3.49M
Total Current Assets	1.22B	1.35B	1.66B	1.98B	2.05B
Gross Property Plant And Equipment	2.14B	2.23B	1.96B	1.54B	2.06B
Accumulated Depreciation	-202M	-313M	-360M	-297M	-402M
Net Property Plant And Equipment	1.94B	1.92B	1.6B	1.24B	1.65B
Other Intangibles, Total	15.43M	14.3M	14.26M	11.69M	11.82M
Loans Receivable Long-Term	-	-	11.79M	-	-
Other Long-Term Assets, Total	-	-	-	-	10.39M
Total Assets	3.18B	3.28B	3.28B	3.23B	3.73B
Liabilities
Accounts Payable, Total	15.81M	64.92M	44.74M	127M	119M
Accrued Expenses, Total	221M	186M	193M	222M	235M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	36.24M	57M	81.8M
Current Portion of Leases	29.56M	63.72M	68.96M	34.38M	25.54M
Current Income Taxes Payable	2.04M	7.44M	40.85M	38.04M	42.09M
Other Current Liabilities	51.36M	21.98M	1.22M	7.97M	12.09M
Total Current Liabilities	320M	344M	385M	487M	516M
Long-Term Debt	500M	500M	567M	560M	480M
Long-Term Leases	1.32B	1.29B	1.01B	684M	997M
Pension & Other Post Retirement Benefits	72.58M	77.98M	87.18M	100M	114M
Total Liabilities	2.21B	2.21B	2.05B	1.83B	2.11B
Common Stock, Total	800M	800M	800M	800M	800M
Additional Paid In Capital	-	-	-	-	-
Retained Earnings	183M	291M	448M	616M	721M
Comprehensive Income and Other	-20.81M	-17.38M	-14.1M	-13.75M	102M
Total Common Equity	962M	1.07B	1.23B	1.4B	1.62B
Total Equity	962M	1.07B	1.23B	1.4B	1.62B
Total Liabilities And Equity	3.18B	3.28B	3.28B	3.23B	3.73B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	80M	80M	80M	80M	80M
ECS Total Common Shares Outstanding	80M	80M	80M	80M	80M
Book Value / Share	12.03	13.41	15.43	17.53	20.28
Tangible Book Value	947M	1.06B	1.22B	1.39B	1.61B
Tangible Book Value Per Share	11.84	13.24	15.25	17.38	20.13
Total Debt	1.85B	1.85B	1.68B	1.33B	1.58B
Net Debt	980M	912M	473M	-27.32M	42.31M
Debt Equivalent of Unfunded Proj. Benefit Obligation	72.58M	77.98M	87.18M	100M	114M
Debt Equivalent Oper. Leases	-	2.37M	281M	278M	276M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Work In Process, Total	-	30.76M	-	-	-
Machinery, Total	145M	237M	241M	256M	305M
Full Time Employees	968	933	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	12.66M	29.18M	48.58M	31.96M	31.39M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	276M	362M	510M	661M	698M
Depreciation & Amortization - CF	106M	116M	132M	105M	108M
Amortization of Goodwill and Intangible Assets - (CF)	4.06M	2.86M	3.03M	3.29M	3.31M
Depreciation & Amortization, Total	110M	119M	135M	109M	112M
Amortization of Deferred Charges, Total - (CF)	-	-	250K	-	-
(Gain) Loss From Sale Of Asset	3K	-	-20K	98K	-
Asset Writedown & Restructuring Costs	-	-	762K	-	-
Provision and Write-off of Bad Debts	9.16M	16.52M	19.41M	-16.63M	-567K
Other Operating Activities, Total	78.68M	75.77M	115M	59.85M	51.63M
Change In Accounts Receivable	17.44M	-64.18M	-177M	-73.19M	96.36M
Change In Inventories	-	-30.76M	30.76M	-	-
Change In Accounts Payable	372K	49.11M	-20.19M	82.66M	-8.4M
Change in Other Net Operating Assets	-104M	28.03M	82.23M	-27.11M	8.79M
Cash from Operations	387M	556M	696M	796M	957M
Capital Expenditure	-145M	-96.54M	-69.65M	-71.27M	-140M
Sale of Property, Plant, and Equipment	-	-	79K	-	-
Sale (Purchase) of Intangible assets	-2.51M	-1.73M	-3.2M	-721K	-3.45M
Investment in Marketable and Equity Securities, Total	-380M	380M	-500M	500M	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-23.58M	-	-
Cash from Investing	-528M	282M	-596M	428M	-144M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	500M	-	103M	55.45M	-
Total Debt Issued	500M	-	103M	55.45M	-
Short Term Debt Repaid, Total	-385M	-	-	-	-
Long-Term Debt Repaid, Total	-97.29M	-64.3M	-23.75M	-106M	-104M
Total Debt Repaid	-482M	-64.3M	-23.75M	-106M	-104M
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-100M	-255M	-352M	-494M	-478M
Common & Preferred Stock Dividends Paid	-100M	-255M	-352M	-494M	-478M
Other Financing Activities, Total	-	-69.75M	-56.38M	-28.39M	-51.22M
Cash from Financing	-82.08M	-389M	-329M	-572M	-634M
Net Change in Cash	-223M	448M	-230M	652M	180M
Supplemental Items
Cash Interest Paid	-	69.75M	74.77M	49.85M	62.79M
Levered Free Cash Flow	59.27M	161M	332M	387M	506M
Unlevered Free Cash Flow	103M	208M	386M	433M	541M
Change In Net Working Capital	74.71M	74.52M	42.7M	47.57M	-118M
Net Debt Issued / Repaid	17.92M	-64.3M	79.35M	-50.3M	-104M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	7.08	8.11	11.16	13.61	13.06
Return on Total Capital	8.03	9.13	12.54	15.68	15.29
Return On Equity %	31.21	35.61	44.18	50.18	46.15
Return on Common Equity	31.21	35.61	44.18	50.18	46.15
Margin Analysis
Gross Profit Margin %	50.51	48.34	53.28	56.01	56.33
SG&A Margin	17.11	14.53	12.02	13.71	13.91
EBITDA Margin %	40.58	38.63	44.94	47.32	46.07
EBITA Margin %	36.32	34.5	40.48	43.62	42.76
EBIT Margin %	35.9	34.26	40.27	43.42	42.57
Income From Continuing Operations Margin %	28.64	29.64	35.01	40.48	40.85
Net Income Margin %	28.64	29.64	35.01	40.48	40.85
Net Avail. For Common Margin %	28.64	29.64	35.01	40.48	40.85
Normalized Net Income Margin	18.09	18.55	23.64	26.56	26.95
Levered Free Cash Flow Margin	6.16	13.18	22.84	23.69	29.63
Unlevered Free Cash Flow Margin	10.73	17.01	26.48	26.48	31.64
Asset Turnover
Asset Turnover	0.32	0.38	0.44	0.5	0.49
Fixed Assets Turnover	0.5	0.63	0.83	1.15	1.18
Receivables Turnover (Average Receivables)	4.67	5.84	4.67	3.71	3.86
Short Term Liquidity
Current Ratio	3.81	3.92	4.32	4.06	3.98
Quick Ratio	3.67	3.77	4.26	4.01	3.95
Operating Cash Flow to Current Liabilities	1.21	1.61	1.81	1.64	1.86
Days Sales Outstanding (Average Receivables)	78.17	62.48	78.22	98.71	94.63
Average Days Payable Outstanding	79.56	-	-	43.83	60.27
Long Term Solvency
Total Debt/Equity	192.36	172.55	136.41	95.18	97.67
Total Debt / Total Capital	65.8	63.31	57.7	48.77	49.41
LT Debt/Equity	189.29	166.61	127.88	88.66	91.06
Long-Term Debt / Total Capital	64.75	61.13	54.09	45.43	46.06
Total Liabilities / Total Assets	69.7	67.32	62.43	56.62	56.5
EBIT / Interest Expense	4.9	5.6	6.87	9.75	13.27
EBITDA / Interest Expense	6.46	7.19	8.44	11.25	15.31
(EBITDA - Capex) / Interest Expense	4.4	5.9	7.63	10.27	12.75
Total Debt / EBITDA	4.07	3.44	2.34	1.63	1.89
Net Debt / EBITDA	2.15	1.7	0.66	-0.03	0.05
Total Debt / (EBITDA - Capex)	5.97	4.2	2.58	1.79	2.27
Net Debt / (EBITDA - Capex)	3.16	2.07	0.73	-0.04	0.06
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	42.02	27.07	19.06	12.24	4.56
Gross Profit, 1 Yr. Growth %	52.76	21.6	31.24	18.01	5.14
EBITDA, 1 Yr. Growth %	40.62	20.97	38.5	18.19	1.8
EBITA, 1 Yr. Growth %	38.42	20.68	39.71	20.96	2.51
EBIT, 1 Yr. Growth %	37.75	21.27	39.94	21.02	2.52
Earnings From Cont. Operations, 1 Yr. Growth %	44.86	31.52	40.65	29.77	5.51
Net Income, 1 Yr. Growth %	44.86	31.52	40.65	29.77	5.51
Normalized Net Income, 1 Yr. Growth %	45.03	30.28	51.73	26.14	6.08
Diluted EPS Before Extra, 1 Yr. Growth %	-99.88	-0.53	40.65	29.77	5.51
Accounts Receivable, 1 Yr. Growth %	-18.42	26.06	67.32	25.69	-19.52
Net Property, Plant and Equip., 1 Yr. Growth %	2.07	-1.29	-16.83	-22.1	33.09
Total Assets, 1 Yr. Growth %	8.55	3.38	0.04	-1.6	15.37
Tangible Book Value, 1 Yr. Growth %	20.41	11.83	15.21	14	15.8
Common Equity, 1 Yr. Growth %	19.78	11.52	15	13.63	15.68
Cash From Operations, 1 Yr. Growth %	9.94	43.76	25.18	14.4	20.97
Capital Expenditures, 1 Yr. Growth %	-18.14	-33.45	-27.86	2.34	110
Levered Free Cash Flow, 1 Yr. Growth %	-	171.96	106.24	16.46	30.46
Unlevered Free Cash Flow, 1 Yr. Growth %	-	101.3	85.42	12.21	24.68
Dividend Per Share, 1 Yr. Growth %	-	-	-	296.69	9.18
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	34.34	23	15.6	8.33
Gross Profit, 2 Yr. CAGR %	-	36.3	26.33	24.45	11.39
EBITDA, 2 Yr. CAGR %	-	30.43	29.44	27.95	9.69
EBITA, 2 Yr. CAGR %	-	29.25	29.85	29.99	11.35
EBIT, 2 Yr. CAGR %	-	29.25	30.27	30.13	11.38
Earnings From Cont. Operations, 2 Yr. CAGR %	-	38.03	36.01	35.1	17.01
Net Income, 2 Yr. CAGR %	-	38.03	36.01	35.1	17.01
Normalized Net Income, 2 Yr. CAGR %	-	37.46	40.6	38.34	15.68
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-96.55	18.28	35.1	17.01
Accounts Receivable, 2 Yr. CAGR %	-	1.41	45.23	45.02	0.58
Net Property, Plant and Equip., 2 Yr. CAGR %	-	0.38	-9.39	-19.51	1.83
Total Assets, 2 Yr. CAGR %	-	5.93	1.7	-0.78	6.55
Tangible Book Value, 2 Yr. CAGR %	-	16.04	13.5	14.6	14.9
Common Equity, 2 Yr. CAGR %	-	15.58	13.25	14.31	14.65
Cash From Operations, 2 Yr. CAGR %	-	25.72	34.15	19.67	17.31
Capital Expenditures, 2 Yr. CAGR %	-	-26.19	-30.71	-14.08	41.97
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	136.83	54.98	23.41
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	93.2	44.24	18.41
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	108.11
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	29.04	19.31	11.8
Gross Profit, 3 Yr. CAGR %	-	-	34.59	23.49	17.65
EBITDA, 3 Yr. CAGR %	-	-	33.07	25.58	18.56
EBITA, 3 Yr. CAGR %	-	-	32.64	26.81	20.1
EBIT, 3 Yr. CAGR %	-	-	32.72	27.11	20.19
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	38.9	33.89	24.41
Net Income, 3 Yr. CAGR %	-	-	38.9	33.89	24.41
Normalized Net Income, 3 Yr. CAGR %	-	-	42.06	35.6	26.62
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-88.13	21.99	24.41
Accounts Receivable, 3 Yr. CAGR %	-	-	19.83	38.4	19.17
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-5.72	-13.84	-4.82
Total Assets, 3 Yr. CAGR %	-	-	3.93	0.59	4.34
Tangible Book Value, 3 Yr. CAGR %	-	-	15.76	13.67	15
Common Equity, 3 Yr. CAGR %	-	-	15.38	13.37	14.77
Cash From Operations, 3 Yr. CAGR %	-	-	25.54	27.21	19.87
Capital Expenditures, 3 Yr. CAGR %	-	-	-26.75	-21.09	13.29
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	86.93	46.45
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	61.19	37.5
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	20.32
Gross Profit, 5 Yr. CAGR %	-	-	-	-	24.78
EBITDA, 5 Yr. CAGR %	-	-	-	-	23.17
EBITA, 5 Yr. CAGR %	-	-	-	-	23.68
EBIT, 5 Yr. CAGR %	-	-	-	-	23.73
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	29.69
Net Income, 5 Yr. CAGR %	-	-	-	-	29.69
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	30.85
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	-70.35
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	11.72
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	-2.77
Total Assets, 5 Yr. CAGR %	-	-	-	-	4.97
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	15.41
Common Equity, 5 Yr. CAGR %	-	-	-	-	15.09
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	22.18
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	-4.56