Ades Holding Co

SAU:2382EnergyTADAWUL:TENItasi

SAR 16.20+0.31%At closeAt close · Tue 20 Oct · ≈ AED 15.87 · Market cap $4.82B · Next earnings Mon 9 Nov · Extended SAR 16.20 +0.00%

Ratio	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	Current · undated	YoY
Gross margin	35.2%	34.1%	35.4%	39.5%	38.1%	36.9%	—	—
Operating margin	24.2%	7.0%	13.5%	30.0%	28.1%	29.6%	29.6%	+0.0 pts
Net margin	4.3%	7.1%	15.8%	10.2%	12.9%	12.2%	12.2%	+0.0 pts
EBITDA margin	36.5%	46.6%	47.0%	48.1%	49.3%	52.7%	—	—
Return on equity	4.4%	5.7%	17.6%	7.7%	12.4%	12.1%	12.0%	−0.1 pts
Return on assets	1.4%	1.6%	2.7%	2.3%	3.7%	2.6%	2.6%	+0.0 pts
Return on capital employed	9.7%	1.9%	2.7%	8.0%	9.4%	7.6%	—	—
Debt / equity	1.6×	2.2×	4.9×	1.9×	1.9×	3.1×	3.0×	−0.5%
Debt / assets	52.7%	61.3%	74.6%	56.6%	58.1%	66.0%	—	—
Interest coverage	1.9×	0.4×	1.1×	1.7×	2.0×	2.0×	—	—
Current ratio	1.1×	1.2×	0.8×	0.7×	1.1×	1.1×	1.1×	+0.0%
Quick ratio	0.9×	1.0×	0.7×	0.6×	0.9×	0.9×	—	—
Cash ratio	0.2×	0.2×	0.1×	0.1×	0.2×	0.5×	0.5×	+0.0%
Asset turnover	0.3×	0.2×	0.2×	0.2×	0.3×	0.2×	—	—
Inventory turnover	6.2×	6.7×	8.6×	7.9×	7.3×	4.5×	—	—
Receivables turnover	4.2×	3.2×	5.0×	3.5×	4.5×	4.0×	—	—
Dividend payout	0.0%	0.0%	0.0%	1.5%	29.6%	57.9%	—	—