Sustained Infrastructure Holding Company

Sustained Infrastructure Holding Company

TTADAWUL:2190
32.58
SAR
-1.60
(-4.68%)
4.18EPS
20.02P/E
2.74BMarket Cap
Nov 04Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
6.34
6.87
7.54
8.47
6.89
6.92
8.28
12.51
12.08
12.18
19.66
16.24
19.74
25.84
Basic EPS, GAAP
0.68
0.96
1.11
1.11
0.72
0.57
0.62
1.71
0.71
0.45
0.87
-0.01
1.19
1.69
Free Cash Flow per Basic Share
1.49
2.27
1.6
0.03
-0.16
1.62
2.73
1.79
1.55
-0.62
-2.69
1.56
2.73
4.38
Dividend per Share
- -
- -
0.43
0.43
- -
0.3
0.4
0.6
1.2
0.8
0.8
0.4
0.8
- -
Book Value per Share
10.13
11.19
11.76
12.36
13.08
13.34
13.37
14.39
18.21
18.58
18.55
18.17
18.37
18.71
Tangible Book Value per Share
-8.26
-6.43
-5.06
-3.67
-2.1
-1.01
0.15
-24.21
-19.31
-18.43
-24.43
-25.99
-29.97
-29.86
Basic Weighted Avg Shares
82
82
82
82
82
82
82
82
82
82
82
81
81
81
Sales/Revenue/Turnover
520
561
616
691
562
565
676
1,021
985
994
1,603
1,321
1,606
2,102
Operating Margin (%)
29.37
29.4
29.31
24.39
13.82
17.11
15.14
34.13
29.76
24.57
20.14
28.97
28.78
29.87
Depreciation Expense
106
110
115
128
138
150
158
164
174
172
191
237
254
266
Net Income, GAAP
56
78
91
90
59
47
51
139
58
37
71
-1
96
137
Effective Tax Rate (%)
6.18
5.81
5.45
6.42
7.63
6.83
7.15
7.05
16.24
24.65
17.09
45.44
13.11
9.34
Profit Margin (%)
10.78
13.92
14.69
13.07
10.46
8.28
7.53
13.66
5.87
3.7
4.44
-0.06
6
6.52
Working Capital
113
159
136
80
-31
6
-6
-27
559
457
492
529
483
532
LT Debt
1,039
946
838
836
840
699
757
750
737
780
1,294
1,180
1,172
1,187
Total Equity
1,220
1,330
1,416
1,485
1,544
1,571
1,591
1,710
2,296
2,316
2,315
2,408
2,501
2,667
Return on Invested Capital (%)
5.72
6.24
6.76
6.22
2.72
3.29
3.43
9.19
8.16
5.42
7.53
5.42
9.65
13.67
Return on Capital (%)
2.17
2.82
3.01
3.27
2.77
3.04
2.6
8.35
6.76
5.66
6.14
2.19
6.52
5.88
Return on Common Equity (%)
7.04
8.98
9.67
9.17
5.67
4.34
4.67
12.31
4.35
2.45
4.71
-0.05
6.49
9.23

Capital Structure

SAR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
176
188
187
LT Borrowings
1,050
1,029
1,043
LT Finance Leases
122
132
144
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
81
81
81
Market Capitalization
2,534
2,787
2,744

Working Capital

SAR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,341
1,409
1,472
Cash, Cash Equivalents & STI
969
938
927
Accounts Receivable, Net
165
203
230
Inventories
27
39
31
Total Current Liabilities
858
925
939
Payables & Accruals
- -
- -
- -
ST Debt
176
188
187
Deferred Revenue
- -
- -
- -

Growth Rates

SAR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.23%
8.6%
3.86%
Free Cash Flow
-166.42%
19.99%
75.36%
Net Income, GAAP
-1,306.9%
-2,639.21%
-13,093.84%
Sales/Revenue/Turnover
12.73%
12.53%
21.54%
Total Cash Common Dividend
- -
- -
100%

Quarterly Revenue

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
267
339
346
369
1,321
2025
351
314
394
546
1,606
2026
439
723
- -
- -
- -

Quarterly Earnings Per Share

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.26
0.13
-0.12
0.24
-0.01
2025
0.3
0.25
0.21
0.43
1.19
2026
0.32
0.73
- -
- -
- -

Quarterly Dividends Per Share

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.4
2025
- -
- -
- -
- -
0.8
2026
- -
- -
- -
- -
- -

Company Description

CEO
Mauricio Zuazua Elizondo
Full Time Employees
30
Sector
Transportation
Industry
Other transportation
Address
Hira Street Jeddah MC Saudi Arabia 23522
IPO Date
Oct 1, 2004
Business
Sustained Infrastructure Holding Company (2190.SR), an investment holding company, engages in ports and logistics, and water solutions businesses in the Kingdom of Saudi Arabia and internationally. The company operates through four main segments: port development and operation, which provides development, establishment, operation, maintenance, handling and unloading of container terminals, shipping, navigation and marine support services for ships; water desalination and distribution, which builds and operates desalination plants and manages public construction, water, irrigation, drainage, water treatment and pumping stations; logistic parks and support services, which constructs, operates and maintains warehouses, provides free zones, bonded and non-bonded logistics parks and zones, customs storage and inspection facilities, warehousing, transportation, value-added services including unbundling, labeling, repacking, consolidation, bonded overland freight, multi-port clearance, specialized services and advanced courier solutions; and corporate office, which handles investment activities and head office functions. Founded in 1984 and headquartered in Jeddah at Saudi Business Center, Suite 501, Al Madinah Road, the company targets industrial estates, maritime logistics, freight and water infrastructure markets primarily in Saudi Arabia. In a recent major development, Sustained Infrastructure Holding Company signed a sale and purchase agreement in September 2025 to acquire a 51% stake in Port Services Company (PSS) for SAR 132.6 million, including a SAR 91.8 million down payment and up to SAR 40.8 million in performance-based earn-outs, subject to regulatory approvals including from the General Authority for Competition; this cash-financed transaction will fully consolidate PSS into its logistics segment from Q4 2025, adding scalable warehousing over 130,000 square meters in Dammam and Jubail with plans for 280,000 more, enhancing synergies with LogiPoint and strengthening its Eastern Province presence.