Watani Iron Steel Co (9513.SR)

Name: Watani Iron Steel Co Financial Statements
Creator: Quarter Results

Basic Materials | Steel

Latest reporting period: 2026-05-24

Latest Quarter

2026-05-24

Revenue

$195M

Net Income

-$3.5M

Operating Margin

-1.2%

Free Cash Flow

$955K

Debt / Assets

37.0%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Watani Iron Steel Co (9513.SR).
Income Statement (Quarterly)	2026-05-24	2025-12-31	2025-06-30	2025-03-31
Revenue	195,038,286	233,656,515	195,038,286	119,470,437
Cost of Revenue	192,352,846	228,239,854	192,352,846	109,534,314
Gross Profit	2,685,440	5,416,660	2,685,440	9,936,123
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	7,810,230	-7,810,230	7,810,230	4,361,745
Operating Expenses	4,960,230	13,457,110	4,960,230	5,786,745
Operating Income	-2,274,790	-8,040,447	-2,274,790	4,149,377
Interest Expense	2,920,676	-2,920,676	2,920,676	1,365,059
Income Before Tax	-3,681,916	3,681,916	-3,681,916	2,987,066
Income Tax Expense	-168,834	168,834	-168,834	114,041
Net Income	-3,513,082	-11,354,806	-3,513,082	2,873,025
Per Share
EPS	-0.02	-0.06	-0.02	0.02
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Watani Iron Steel Co (9513.SR).
Income Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	428,694,801	553,305,344	370,108,596	595,642,245	622,892,946
Cost of Revenue	420,592,700	519,626,248	345,675,477	524,268,463	554,472,510
Gross Profit	8,102,100	33,679,096	24,433,119	71,373,782	68,420,436
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	2,874,848	3,366,985	13,604,018	3,214,384	3,462,214
Operating Expenses	18,417,340	17,917,418	13,802,114	14,870,859	13,685,705
Operating Income	-10,315,237	15,761,678	10,631,005	56,496,335	54,734,731
Interest Expense	5,836,512	6,687,771	7,003,934	6,955,127	6,587,873
Income Before Tax	-14,867,888	10,129,733	4,378,451	50,849,318	48,304,901
Income Tax Expense	0	261,828	133,606	1,296,677	1,247,263
Net Income	-14,867,888	9,867,905	4,244,845	49,552,641	47,057,638
Per Share
EPS	-0.08	0.05	0.02	0.27	3.89
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Watani Iron Steel Co (9513.SR).
Balance Sheet (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Assets
Cash and Cash Equivalents	18,895,422	12,058,909	9,509,407	11,863,798
Short Term Investments	0	0	0	0
Net Receivables	6,961,579	2,680,650	-638,656	5,258,101
Inventory	71,991,944	64,818,665	63,541,537	67,778,728
Total Current Assets	99,060,269	81,316,494	77,335,101	84,940,627
Property Plant Equipment	249,562,811	262,781,392	276,270,255	264,744,092
Goodwill and Intangibles	25,944,262	25,944,262	25,944,262	25,944,262
Total Assets	374,567,342	370,042,149	379,549,618	375,628,981
Liabilities
Account Payables	47,702,286	37,029,918	32,776,071	3,714,851,811
Short Term Debt	70,000,000	64,158,681	91,156,636	76,902,786
Total Current Liabilities	128,519,974	110,443,492	131,001,508	3,825,225,787
Long Term Debt	0	0	0	0
Total Liabilities	138,419,243	118,686,376	137,110,228	138,046,832
Shareholders Equity
Retained Earnings	36,670,333	69,773,277	41,670,316	97,975,471
Total Shareholders Equity	236,148,099	251,355,773	242,439,390	237,582,149

Balance sheet annual history for Watani Iron Steel Co (9513.SR).
Balance Sheet (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets
Cash and Cash Equivalents	18,895,422	12,058,909	9,509,407	11,863,798	4,701,456
Short Term Investments	0	0	0	0	0
Net Receivables	6,961,579	2,680,650	-638,656	5,258,101	0
Inventory	71,991,944	64,818,665	63,541,537	67,778,728	50,024,999
Total Current Assets	99,060,269	81,316,494	77,335,101	84,940,627	62,403,849
Property Plant Equipment	249,562,811	262,781,392	276,270,255	264,744,092	282,673,182
Goodwill and Intangibles	25,944,262	25,944,262	25,944,262	25,944,262	25,944,262
Total Assets	374,567,342	370,042,149	379,549,618	375,628,981	371,021,293
Liabilities
Account Payables	47,702,286	37,029,918	32,776,071	3,714,851,811	27,442,732
Short Term Debt	70,000,000	64,158,681	91,156,636	76,902,786	121,626,248
Total Current Liabilities	128,519,974	110,443,492	131,001,508	3,825,225,787	178,305,985
Long Term Debt	0	0	0	0	0
Total Liabilities	138,419,243	118,686,376	137,110,228	138,046,832	183,792,963
Shareholders Equity
Retained Earnings	36,670,333	69,773,277	41,670,316	97,975,471	53,378,094
Total Shareholders Equity	236,148,099	251,355,773	242,439,390	237,582,149	187,228,330

Cash flow quarterly history for Watani Iron Steel Co (9513.SR).
Cash Flow Statement (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Operating Activities
Net Income	-14,867,888	9,867,905	4,244,845	49,552,641
Depreciation & Amortization	16,542,615	21,112,766	19,905,337	156,952
Stock Based Compensation	0	0	0	0
Change in Working Capital	-2,407,291	3,085,113	-4,549,265	-16,663,110
Operating Cash Flow	4,279,229	43,301,473	21,498,405	60,826,903
Investing Activities
Capital Expenditure	-3,324,039	-7,355,616	-31,431,524	-1,981,352
Investments	-3,324,035	-7,355,618	-31,431,524	-1,981,352
Investing Cash Flow	-3,284,035	-7,345,618	-31,431,524	-1,966,352
Financing Activities
Debt Repayment	5,841,319	-28,156,636	13,097,214	-45,626,200
Common Stock Issued/Repurchased	0	0	0	0
Dividends Paid	0	0	0	0
Financing Cash Flow	5,841,319	-33,406,353	7,578,728	-51,698,209
Summary
Free Cash Flow	955,190	35,945,855	-9,933,119	58,845,551
Net Change in Cash	6,836,513	2,549,502	-2,354,391	7,162,342

Cash flow annual history for Watani Iron Steel Co (9513.SR).
Cash Flow Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Operating Activities
Net Income	-14,867,888	9,867,905	4,244,845	49,552,641	47,057,638
Depreciation & Amortization	16,542,615	21,112,766	19,905,337	156,952	19,735,728
Stock Based Compensation	0	0	0	0	0
Change in Working Capital	-2,407,291	3,085,113	-4,549,265	-16,663,110	-15,716,881
Operating Cash Flow	4,279,229	43,301,473	21,498,405	60,826,903	59,706,341
Investing Activities
Capital Expenditure	-3,324,039	-7,355,616	-31,431,524	-1,981,352	-5,416,242
Investments	-3,324,035	-7,355,618	-31,431,524	-1,981,352	-5,416,242
Investing Cash Flow	-3,284,035	-7,345,618	-31,431,524	-1,966,352	-5,416,242
Financing Activities
Debt Repayment	5,841,319	-28,156,636	13,097,214	-45,626,200	-270,552,070
Common Stock Issued/Repurchased	0	0	0	0	0
Dividends Paid	0	0	0	0	0
Financing Cash Flow	5,841,319	-33,406,353	7,578,728	-51,698,209	-58,033,824
Summary
Free Cash Flow	955,190	35,945,855	-9,933,119	58,845,551	54,290,099
Net Change in Cash	6,836,513	2,549,502	-2,354,391	7,162,342	-3,743,725