Below are the financial statements of ADES Holding Company Listed, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of SAR | 2024 | 2023 2022-12-28 - 2023-12-31 |
|---|---|---|
| Revenue | 6,199.02a | 4,331.9a |
| Cost of revenue | -3,839.97a | -2,620.78a |
| Gross profit | 2,359.05a | 1,711.13a |
| General and administrative expenses | -424.34a | -369.83a |
| End of service employment benefits | -51.5a | -42.93a |
| Share-based payments expense | -110.65a | 0a |
| Finance costs, net | -803.92a | -711.26a |
| Other income/(expenses), net | 31.29a | -41.74a |
| IPO expenses | 0a | -15.98a |
| Bargain purchase gain | 7.5a | 0a |
| Acquisition transaction cost | -6.14a | 0a |
| Provision for other taxes | -30.45a | 0a |
| Profit for the year/period before income tax and zakat | 970.85a | 529.38a |
| Income tax and zakat expenses | -154.65a | -77.3a |
| Profit for the year/period | 816.2a | 452.08a |
| Attributable to | — | — |
| Equity holders of the parent | 802.5a | 442.1a |
| Non-controlling interests | 13.7a | 9.98a |
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