NATIONAL ALUMINIUM PRODUCTS COMPANY SAOG

Cash flow National Aluminium Products Company SAOG

Equities

NAPI

OM0000001319

Aluminum

End-of-day quote Muscat Exchange Other stock markets 2026-03-12			5-day change	1st Jan Change
0.3010 ^OMR	0.00%		0.00%	+173.64%

Jan. 15	National Aluminium Products Company SAOG Reports Earnings Results for the Full Year Ended December 31, 2025	CI
Jan. 14	National Aluminium Products FY group loss 673,000 rials	RE

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Published financial data: NATIONAL ALUMINIUM PRODUCTS COMPANY SAOG

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	35.48M	28.54M	24.45M	25.93M	20.85M
Total Revenues	35.48M	28.54M	24.45M	25.93M	20.85M
Cost of Goods Sold, Total	33.17M	28.11M	25.47M	25.69M	19.81M
Gross Profit	2.31M	429K	-1.02M	243K	1.04M
Selling General & Admin Expenses, Total	2.18M	2.39M	2.78M	2.28M	1.23M
Provision for Bad Debts	286K	-	-	-	-
Other Operating Expenses	-	-288K	-226K	-12.39K	-121K
Other Operating Expenses, Total	2.46M	2.1M	2.55M	2.27M	1.1M
Operating Income	-155K	-1.67M	-3.57M	-2.03M	-62.4K
Interest Expense, Total	-1.3M	-1.34M	-1.23M	-1.26M	-1.32M
Interest And Investment Income	186K	120K	22	11	12.42K
Net Interest Expenses	-1.12M	-1.22M	-1.23M	-1.26M	-1.31M
Currency Exchange Gains (Loss)	-9.74K	-42.45K	21.65K	19.12K	-28.48K
Other Non Operating Income (Expenses)	50.76K	-138K	-176K	-70.92K	-81.59K
EBT, Excl. Unusual Items	-1.23M	-3.07M	-4.96M	-3.34M	-1.48M
Gain (Loss) On Sale Of Assets	4.47K	15.14K	-	13.5K	19.43K
Asset Writedown	-25K	-15K	-	-	-
Insurance Settlements	7.27K	5.49K	27.23K	24.02K	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	-1.25M	-3.07M	-4.93M	-3.3M	-1.46M
Income Tax Expense	-163K	-163K	-628K	413K	-
Earnings From Continuing Operations	-1.08M	-2.9M	-4.3M	-3.71M	-1.46M
Net Income to Company	-1.08M	-2.9M	-4.3M	-3.71M	-1.46M
Net Income - (IS)	-1.08M	-2.9M	-4.3M	-3.71M	-1.46M
Net Income to Common Incl Extra Items	-1.08M	-2.9M	-4.3M	-3.71M	-1.46M
Net Income to Common Excl. Extra Items	-1.08M	-2.9M	-4.3M	-3.71M	-1.46M
Per Share Items
Net EPS - Basic	-0.13	-0.34	-0.5	-0.43	-0.17
Basic EPS - Continuing Operations	-0.13	-0.34	-0.5	-0.43	-0.17
Basic Weighted Average Shares Outstanding	8.57M	8.57M	8.57M	8.57M	8.57M
Net EPS - Diluted	-0.13	-0.34	-0.5	-0.43	-0.17
Diluted EPS - Continuing Operations	-0.13	-0.34	-0.5	-0.43	-0.17
Diluted Weighted Average Shares Outstanding	8.57M	8.57M	8.57M	8.57M	8.57M
Normalized Basic EPS	-0.09	-0.22	-0.36	-0.24	-0.11
Normalized Diluted EPS	-0.09	-0.22	-0.36	-0.24	-0.11
Dividend Per Share	-	-	-	-	-
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	1.25M	-117K	-2.1M	-1.11M	741K
EBITA	-151K	-1.65M	-3.55M	-2M	-37.99K
EBIT	-155K	-1.67M	-3.57M	-2.03M	-62.4K
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	13.08	5.32	12.75	-12.5	-
Total Current Taxes	-	-	-	-	-
Total Deferred Taxes	-163K	-163K	-628K	413K	-
Normalized Net Income	-770K	-1.92M	-3.1M	-2.09M	-927K
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	38.35K	71.35K	71.75K	72.84K	74.17K
Non-Cash Pension Expense	69.95K	47.6K	55.09K	108K	-7.53K
Supplemental Operating Expense Items
Advertising Expense	19.68K	35.82K	36.1K	27.03K	4.71K
Selling and Marketing Expenses	1.28M	1M	812K	868K	488K
General and Administrative Expenses	892K	1.39M	1.97M	1.42M	737K
Maintenance & Repair Expenses, Total	119K	92.23K	83.9K	102K	64.94K

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	447K	201K	261K	187K	156K
Total Cash And Short Term Investments	447K	201K	261K	187K	156K
Accounts Receivable, Total	17.8M	10.79M	7.38M	6.45M	5.93M
Other Receivables	-	585K	297K	-	-
Total Receivables	17.8M	11.37M	7.68M	6.45M	5.93M
Inventory	3.48M	3.28M	2.4M	2.95M	2.15M
Prepaid Expenses	124K	83.18K	110K	265K	31.84K
Other Current Assets, Total	163K	1.27M	70.24K	-	231K
Total Current Assets	22.02M	16.21M	10.52M	9.85M	8.49M
Gross Property Plant And Equipment	35.16M	35.36M	35.69M	36.13M	35.92M
Accumulated Depreciation	-21.37M	-22.55M	-23.99M	-24.86M	-25.05M
Net Property Plant And Equipment	13.79M	12.82M	11.7M	11.28M	10.87M
Other Intangibles, Total	109K	86.54K	71.27K	46.92K	22.51K
Deferred Tax Assets Long-Term	-	-	628K	216K	190K
Other Long-Term Assets, Total	475K	460K	460K	400K	390K
Total Assets	36.39M	29.57M	23.38M	21.79M	19.97M
Liabilities
Accounts Payable, Total	2.93M	1.72M	3.79M	5.01M	4.26M
Accrued Expenses, Total	1.38M	1.01M	905K	1.34M	1.36M
Short-term Borrowings	19.16M	19.02M	15.96M	13.45M	8.02M
Current Portion of Long-Term Debt	1.82M	426K	-	-	-
Current Portion of Leases	65.13K	65.13K	65.13K	66.78K	70.04K
Current Income Taxes Payable	-	-	-	-	-
Other Current Liabilities	1.32M	729K	319K	640K	524K
Total Current Liabilities	26.68M	22.96M	21.04M	20.5M	14.23M
Long-Term Debt	-	-	-	2.62M	8.44M
Long-Term Leases	1.02M	1.05M	1.07M	1.09M	1.11M
Pension & Other Post Retirement Benefits	351K	292K	299K	330K	257K
Deferred Tax Liability Non Current	163K	-	-	-	-
Total Liabilities	28.22M	24.3M	22.41M	24.54M	24.03M
Common Stock, Total	3.36M	3.36M	3.36M	857K	857K
Retained Earnings	2.88M	165K	-3.94M	-4.96M	-6.23M
Comprehensive Income and Other	1.94M	1.74M	1.55M	1.36M	1.31M
Total Common Equity	8.17M	5.27M	967K	-2.75M	-4.06M
Total Equity	8.17M	5.27M	967K	-2.75M	-4.06M
Total Liabilities And Equity	36.39M	29.57M	23.38M	21.79M	19.97M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	8.57M	8.57M	8.57M	8.57M	8.57M
ECS Total Common Shares Outstanding	8.57M	8.57M	8.57M	8.57M	8.57M
Book Value / Share	0.95	0.61	0.11	-0.32	-0.47
Tangible Book Value	8.06M	5.18M	896K	-2.79M	-4.09M
Tangible Book Value Per Share	0.94	0.6	0.1	-0.33	-0.48
Total Debt	22.07M	20.55M	17.1M	17.23M	17.63M
Net Debt	21.62M	20.35M	16.84M	17.04M	17.48M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	1.17M	1.15M	890K	1.17M	672K
Inventories - Work In Process, Total	505K	281K	75.27K	362K	270K
Inventories - Finished Goods, Total	947K	861K	408K	447K	354K
Inventories - Others	1.14M	1.27M	1.28M	1.28M	1.22M
Buildings, Total	7.41M	7.41M	7.41M	7.43M	7.6M
Machinery, Total	26.6M	26.84M	27.28M	27.72M	27.36M
Full Time Employees	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	933K	1.34M	2.3M	2.72M	2.72M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-1.08M	-2.9M	-4.3M	-3.71M	-1.46M
Depreciation & Amortization - CF	1.43M	1.57M	1.48M	938K	823K
Amortization of Goodwill and Intangible Assets - (CF)	3.77K	22.58K	24.13K	24.35K	24.41K
Depreciation & Amortization, Total	1.43M	1.59M	1.5M	962K	847K
(Gain) Loss From Sale Of Asset	-	-	-	-13.5K	-19.43K
(Gain) Loss on Sale of Investments - (CF)	-	-	-	60K	10K
Other Operating Activities, Total	5.62M	1.37M	790K	2.25M	1.38M
Change In Accounts Receivable	-	5.37M	4.87M	718K	691K
Change In Inventories	-	197K	881K	-598K	745K
Change In Accounts Payable	-	-1.23M	1.68M	1.97M	-1.01M
Change in Other Net Operating Assets	-	-	-29.39K	-	-
Cash from Operations	5.96M	4.39M	5.39M	1.63M	1.18M
Capital Expenditure	-927K	-594K	-360K	-483K	-228K
Sale of Property, Plant, and Equipment	4.47K	15.14K	-	13.5K	19.43K
Sale (Purchase) of Intangible assets	-	-	-8.87K	-	-
Other Investing Activities, Total	31	107	22	11	12.42K
Cash from Investing	-923K	-579K	-369K	-469K	-196K
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	-	-	2.62M	388K
Total Debt Issued	-	-	-	2.62M	388K
Short Term Debt Repaid, Total	-3.08M	-	-	-	-
Long-Term Debt Repaid, Total	-487K	-2.61M	-3.53M	-2.6M	-72.04K
Total Debt Repaid	-3.56M	-2.61M	-3.53M	-2.6M	-72.04K
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-1.47M	-1.45M	-1.43M	-1.26M	-1.33M
Cash from Financing	-5.03M	-4.06M	-4.96M	-1.24M	-1.01M
Net Change in Cash	8.8K	-246K	59.53K	-73.46K	-30.87K
Supplemental Items
Cash Interest Paid	1.47M	1.45M	1.43M	1.26M	1.33M
Cash Income Tax Paid (Refund)	-	-	-	-	-
Levered Free Cash Flow	3.87M	3.45M	5.44M	989K	239K
Unlevered Free Cash Flow	4.69M	4.28M	6.21M	1.78M	1.07M
Change In Net Working Capital	-4.28M	-4.33M	-7.3M	-2.56M	-486K
Net Debt Issued / Repaid	-3.56M	-2.61M	-3.53M	20.83K	316K

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	-0.27	-3.17	-8.43	-5.62	-0.19
Return on Total Capital	-0.31	-3.67	-10.17	-7.79	-0.28
Return On Equity %	-14.03	-43.23	-137.95	417.25	42.98
Return on Common Equity	-14.03	-43.23	-137.95	417.25	42.98
Margin Analysis
Gross Profit Margin %	6.5	1.5	-4.17	0.94	5
SG&A Margin	6.13	8.38	11.36	8.81	5.88
EBITDA Margin %	3.53	-0.41	-8.6	-4.27	3.56
EBITA Margin %	-0.43	-5.79	-14.51	-7.73	-0.18
EBIT Margin %	-0.44	-5.87	-14.61	-7.82	-0.3
Income From Continuing Operations Margin %	-3.05	-10.18	-17.59	-14.32	-7.02
Net Income Margin %	-3.05	-10.18	-17.59	-14.32	-7.02
Net Avail. For Common Margin %	-3.05	-10.18	-17.59	-14.32	-7.02
Normalized Net Income Margin	-2.17	-6.73	-12.67	-8.05	-4.45
Levered Free Cash Flow Margin	10.91	12.08	22.24	3.81	1.15
Unlevered Free Cash Flow Margin	13.21	15.01	25.39	6.85	5.11
Asset Turnover
Asset Turnover	0.98	0.87	0.92	1.15	0.99
Fixed Assets Turnover	2.83	2.14	1.99	2.26	1.88
Receivables Turnover (Average Receivables)	1.97	2	2.69	3.75	3.37
Inventory Turnover (Average Inventory)	8.23	8.31	8.96	9.6	7.77
Short Term Liquidity
Current Ratio	0.83	0.71	0.5	0.48	0.6
Quick Ratio	0.68	0.5	0.38	0.32	0.43
Operating Cash Flow to Current Liabilities	0.22	0.19	0.26	0.08	0.08
Days Sales Outstanding (Average Receivables)	185.84	182.83	135.6	97.31	108.65
Days Outstanding Inventory (Average Inventory)	44.48	43.91	40.74	38.03	47.09
Average Days Payable Outstanding	28.5	30.38	40.84	61.16	90.9
Cash Conversion Cycle (Average Days)	201.81	196.36	135.5	74.18	64.84
Long Term Solvency
Total Debt/Equity	270.06	390.25	1.77K	-626.93	-433.91
Total Debt / Total Capital	72.98	79.6	94.65	118.98	129.95
LT Debt/Equity	12.52	19.84	110.45	-135.06	-234.88
Long-Term Debt / Total Capital	3.38	4.05	5.91	25.63	70.34
Total Liabilities / Total Assets	77.55	82.19	95.86	112.61	120.35
EBIT / Interest Expense	-0.12	-1.25	-2.9	-1.61	-0.05
EBITDA / Interest Expense	0.98	-0.06	-1.68	-0.85	0.59
(EBITDA - Capex) / Interest Expense	0.27	-0.51	-1.97	-1.23	0.42
Total Debt / EBITDA	17.31	-251.23	-8.27	-16.14	22.47
Net Debt / EBITDA	16.96	-248.77	-8.14	-15.97	22.27
Total Debt / (EBITDA - Capex)	63.45	-30.39	-7.04	-11.11	31.66
Net Debt / (EBITDA - Capex)	62.17	-30.1	-6.93	-10.99	31.38
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-17.5	-19.56	-14.33	6.08	-19.6
Gross Profit, 1 Yr. Growth %	-23.51	-81.38	-337.19	-123.89	328.14
EBITDA, 1 Yr. Growth %	-16.68	-108.2	1.74K	-47.39	-167
EBITA, 1 Yr. Growth %	-166.04	-7.85K	114.71	-43.47	-98.11
EBIT, 1 Yr. Growth %	-167.68	-9.65K	113.26	-43.17	-96.92
Earnings From Cont. Operations, 1 Yr. Growth %	39.82	168.29	48.02	-13.61	-60.59
Net Income, 1 Yr. Growth %	39.82	168.29	48.02	-13.61	-60.59
Normalized Net Income, 1 Yr. Growth %	16.88	149.39	61.23	-32.61	-55.59
Diluted EPS Before Extra, 1 Yr. Growth %	39.82	168.28	48.02	-13.61	-60.59
Accounts Receivable, 1 Yr. Growth %	-2.32	-39.41	-31.59	-12.61	-8.04
Inventory, 1 Yr. Growth %	-24.05	-5.65	-26.84	22.88	-27.31
Net Property, Plant and Equip., 1 Yr. Growth %	22	-7.09	-8.73	-3.59	-3.6
Total Assets, 1 Yr. Growth %	1.45	-18.75	-20.95	-6.77	-9.08
Tangible Book Value, 1 Yr. Growth %	11.08	-35.75	-82.71	-411.96	46.21
Common Equity, 1 Yr. Growth %	12.59	-35.55	-81.64	-384.12	47.89
Cash From Operations, 1 Yr. Growth %	355.36	-12.43	22.81	-69.16	-27.72
Capital Expenditures, 1 Yr. Growth %	-35.65	-35.9	-39.46	34.14	-52.83
Levered Free Cash Flow, 1 Yr. Growth %	-394.84	13.86	57.67	-81.81	-75.79
Unlevered Free Cash Flow, 1 Yr. Growth %	-1.11K	11.48	44.84	-71.39	-39.94
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-13.85	-18.54	-16.99	-4.67	-7.65
Gross Profit, 2 Yr. CAGR %	-25.6	-62.26	-33.54	-24.73	1.13
EBITDA, 2 Yr. CAGR %	-33.67	-72.14	21.63	211.25	-40.63
EBITA, 2 Yr. CAGR %	-70.23	168.42	1.19K	10.17	-89.65
EBIT, 2 Yr. CAGR %	-69.86	170.25	1.33K	10.08	-86.78
Earnings From Cont. Operations, 2 Yr. CAGR %	15.37	93.68	99.28	13.08	-41.65
Net Income, 2 Yr. CAGR %	15.37	93.68	99.28	13.08	-41.65
Normalized Net Income, 2 Yr. CAGR %	35.18	70.73	100.52	4.24	-45.29
Diluted EPS Before Extra, 2 Yr. CAGR %	15.37	93.68	99.28	13.08	-41.65
Accounts Receivable, 2 Yr. CAGR %	-3.08	-23.07	-35.62	-22.68	-10.35
Inventory, 2 Yr. CAGR %	-16.61	-15.35	-16.92	-5.18	-5.49
Net Property, Plant and Equip., 2 Yr. CAGR %	12.73	6.47	-7.91	-6.2	-3.59
Total Assets, 2 Yr. CAGR %	-1.15	-9.21	-19.86	-14.15	-7.58
Tangible Book Value, 2 Yr. CAGR %	-2.7	-15.52	-66.67	-26.55	113.57
Common Equity, 2 Yr. CAGR %	-2.04	-14.81	-65.6	-27.77	104.98
Cash From Operations, 2 Yr. CAGR %	202.78	83.07	3.7	-39.03	-52.79
Capital Expenditures, 2 Yr. CAGR %	-8.32	-35.78	-37.71	-9.88	-20.45
Levered Free Cash Flow, 2 Yr. CAGR %	33.99	61.99	34.04	-46.44	-79.01
Unlevered Free Cash Flow, 2 Yr. CAGR %	78.04	203.68	27.1	-35.62	-58.55
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	6.61	-15.8	-17.16	-9.92	-9.93
Gross Profit, 3 Yr. CAGR %	-11.27	-53.11	-30.35	-52.75	34.36
EBITDA, 3 Yr. CAGR %	-4.71	-65.52	11.88	-8.01	86.54
EBITA, 3 Yr. CAGR %	-17.17	-1.11	149.17	354.82	-71.56
EBIT, 3 Yr. CAGR %	-16.48	-0.66	149.73	387.3	-66.6
Earnings From Cont. Operations, 3 Yr. CAGR %	33.51	52.85	77.08	50.82	-20.42
Net Income, 3 Yr. CAGR %	33.51	52.85	77.08	50.82	-20.42
Normalized Net Income, 3 Yr. CAGR %	42.82	65.79	67.5	39.41	-21.56
Diluted EPS Before Extra, 3 Yr. CAGR %	33.51	52.85	77.08	50.82	-20.42
Accounts Receivable, 3 Yr. CAGR %	10.18	-17.13	-26.02	-28.71	-18.08
Inventory, 3 Yr. CAGR %	-11.23	-13.11	-19.37	-5.34	-13.22
Net Property, Plant and Equip., 3 Yr. CAGR %	8.21	5.69	1.14	-6.5	-5.34
Total Assets, 3 Yr. CAGR %	5.23	-7.4	-13.31	-15.71	-12.27
Tangible Book Value, 3 Yr. CAGR %	1.53	-15.27	-50.21	-29.76	-7.61
Common Equity, 3 Yr. CAGR %	1.99	-14.8	-48.92	-30.46	-8.28
Cash From Operations, 3 Yr. CAGR %	9.55	88.96	60.26	-31.21	-35.47
Capital Expenditures, 3 Yr. CAGR %	6.02	-18.63	-37.03	-19.56	-27.37
Levered Free Cash Flow, 3 Yr. CAGR %	-14.95	16.91	60.57	-31.12	-58.9
Unlevered Free Cash Flow, 3 Yr. CAGR %	-6.76	42.54	137.31	-22.68	-37.1
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	7.54	7.12	-3.54	-11.51	-13.48
Gross Profit, 5 Yr. CAGR %	7.36	-9.13	-20.95	-43.34	-19.15
EBITDA, 5 Yr. CAGR %	-6.85	-38.1	7.78	-17.21	-13.17
EBITA, 5 Yr. CAGR %	-30.97	42.18	67.83	3.26	-30.2
EBIT, 5 Yr. CAGR %	-30.63	42.57	68.05	3.5	-22.91
Earnings From Cont. Operations, 5 Yr. CAGR %	6.82	173.36	56.71	35.49	13.58
Net Income, 5 Yr. CAGR %	6.82	173.36	56.71	35.49	13.58
Normalized Net Income, 5 Yr. CAGR %	7.05	119.93	63.58	37.71	7.06
Diluted EPS Before Extra, 5 Yr. CAGR %	6.82	173.37	56.71	35.49	13.58
Accounts Receivable, 5 Yr. CAGR %	15.37	4.25	-11.13	-19.39	-20.11
Inventory, 5 Yr. CAGR %	-10.12	-17.4	-13.55	-10.02	-14.08
Net Property, Plant and Equip., 5 Yr. CAGR %	3.87	1.91	1.44	0.77	-0.78
Total Assets, 5 Yr. CAGR %	5.68	-0.48	-5.63	-10.16	-11.06
Tangible Book Value, 5 Yr. CAGR %	-1.23	-8.68	-34.97	-19.98	-10.86
Common Equity, 5 Yr. CAGR %	-0.96	-8.38	-33.97	-20.25	-10.95
Cash From Operations, 5 Yr. CAGR %	15.49	27.31	3.51	20.19	-2.07
Capital Expenditures, 5 Yr. CAGR %	-33.92	-13.84	-14.29	-15.24	-30.86
Levered Free Cash Flow, 5 Yr. CAGR %	-4.08	2.79	-2.88	-14.44	-28.85
Unlevered Free Cash Flow, 5 Yr. CAGR %	0.2	9.13	1.42	3.73	18.09
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-	-