First Milling Co

SAU:2283Consumer DefensiveTADAWUL:TFBItasi

SAR 48.50−1.06%At closeAt close · Mon 19 Oct · ≈ AED 47.50 · Market cap $717.8M · Next earnings Tue 3 Nov

Ratio	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	Current · undated	YoY
Gross margin	35.7%	41.4%	43.6%	42.2%	43.6%	42.1%	—	—
Operating margin	27.9%	26.6%	28.0%	29.8%	30.4%	29.6%	29.6%	+0.0 pts
Net margin	26.6%	24.8%	23.8%	22.8%	23.9%	24.2%	24.2%	+0.0 pts
EBITDA margin	33.9%	32.3%	33.7%	37.9%	38.4%	35.1%	—	—
Return on equity	17.6%	29.8%	29.0%	24.7%	26.5%	26.0%	25.9%	−0.1 pts
Return on assets	12.9%	17.2%	9.0%	8.9%	10.1%	10.7%	10.7%	+0.0 pts
Return on capital employed	14.2%	21.3%	12.2%	13.2%	14.9%	15.4%	—	—
Debt / equity	0.3×	0.5×	2.0×	1.5×	1.4×	1.2×	1.2×	−0.3%
Debt / assets	22.4%	31.0%	62.7%	55.9%	54.1%	48.8%	—	—
Interest coverage	15.0×	18.0×	6.9×	3.1×	3.5×	4.6×	—	—
Current ratio	8.4×	1.9×	1.2×	1.2×	1.1×	0.9×	0.9×	+0.0%
Quick ratio	6.8×	1.2×	0.9×	0.7×	0.7×	0.4×	—	—
Cash ratio	6.7×	1.0×	0.4×	0.7×	0.2×	0.2×	0.2×	+0.0%
Asset turnover	0.5×	0.7×	0.4×	0.4×	0.4×	0.4×	—	—
Inventory turnover	3.9×	4.1×	4.3×	3.8×	3.5×	3.6×	—	—
Receivables turnover	—	81.3×	13.6×	189.8×	56.5×	22.9×	—	—
Dividend payout	0.0%	309.6%	82.5%	34.5%	65.2%	55.1%	—	—

Margins, returns, leverage and liquidityUpdated 31 Dec 2025 ·

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Current snapshot ratios have no reporting date and are shown separately from fiscal periods.