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

$35.9M

Debt / Assets

32.1%

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	2025-06-30	2025-03-31	2024-12-31
Revenue	195,038,286	195,038,286	119,470,437	139,653,733
Cost of Revenue	192,352,846	192,352,846	109,534,314	130,293,810
Gross Profit	2,685,440	2,685,440	9,936,123	9,359,923
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	7,810,230	7,810,230	4,361,745	4,743,483
Operating Expenses	4,960,230	4,960,230	5,786,745	4,603,797
Operating Income	-2,274,790	-2,274,790	4,149,377	4,756,126
Interest Expense	2,920,676	2,920,676	1,365,059	0
Income Before Tax	-3,681,916	-3,681,916	2,987,066	3,307,326
Income Tax Expense	-168,834	-168,834	114,041	78,547
Net Income	-3,513,082	-3,513,082	2,873,025	3,228,779
Per Share
EPS	-0.02	-0.02	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)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Revenue	553,305,344	370,108,596	595,642,245	622,892,946	459,411,422
Cost of Revenue	519,626,248	345,675,477	524,268,463	554,472,510	403,014,955
Gross Profit	33,679,096	24,433,119	71,373,782	68,420,436	56,396,467
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	3,366,985	13,604,018	3,214,384	3,462,214	4,787,872
Operating Expenses	17,917,418	13,802,114	14,870,859	13,685,705	13,549,925
Operating Income	15,761,678	10,631,005	56,496,335	54,734,731	42,846,542
Interest Expense	6,687,771	7,003,934	6,955,127	6,587,873	7,497,309
Income Before Tax	10,129,733	4,378,451	50,849,318	48,304,901	32,020,501
Income Tax Expense	261,828	133,606	1,296,677	1,247,263	939,516
Net Income	9,867,905	4,244,845	49,552,641	47,057,638	31,080,985
Per Share
EPS	0.05	0.02	0.27	3.89	2.57
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)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets
Cash and Cash Equivalents	12,058,909	9,509,407	11,863,798	4,701,456
Short Term Investments	0	0	0	0
Net Receivables	2,680,650	-638,656	5,258,101	0
Inventory	64,818,665	63,541,537	67,778,728	50,024,999
Total Current Assets	81,316,494	77,335,101	84,940,627	62,403,849
Property Plant Equipment	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
Total Assets	370,042,149	379,549,618	375,628,981	371,021,293
Liabilities
Account Payables	37,029,918	32,776,071	3,714,851,811	27,442,732
Short Term Debt	64,158,681	91,156,636	76,902,786	121,626,248
Total Current Liabilities	110,443,492	131,001,508	3,825,225,787	178,305,985
Long Term Debt	0	0	0	0
Total Liabilities	118,686,376	137,110,228	138,046,832	183,792,963
Shareholders Equity
Retained Earnings	69,773,277	41,670,316	97,975,471	53,378,094
Total Shareholders Equity	251,355,773	242,439,390	237,582,149	187,228,330

Balance sheet annual history for Watani Iron Steel Co (9513.SR).
Balance Sheet (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Assets
Cash and Cash Equivalents	12,058,909	9,509,407	11,863,798	4,701,456	8,445,181
Short Term Investments	0	0	0	0	0
Net Receivables	2,680,650	-638,656	5,258,101	0	0
Inventory	64,818,665	63,541,537	67,778,728	50,024,999	52,082,743
Total Current Assets	81,316,494	77,335,101	84,940,627	62,403,849	64,336,890
Property Plant Equipment	262,781,392	276,270,255	264,744,092	282,673,182	297,021,778
Goodwill and Intangibles	25,944,262	25,944,262	25,944,262	25,944,262	25,944,262
Total Assets	370,042,149	379,549,618	375,628,981	371,021,293	387,302,930
Liabilities
Account Payables	37,029,918	32,776,071	3,714,851,811	27,442,732	27,289,353
Short Term Debt	64,158,681	91,156,636	76,902,786	121,626,248	129,700,000
Total Current Liabilities	110,443,492	131,001,508	3,825,225,787	178,305,985	200,230,257
Long Term Debt	0	0	0	0	42,300,000
Total Liabilities	118,686,376	137,110,228	138,046,832	183,792,963	246,974,521
Shareholders Equity
Retained Earnings	69,773,277	41,670,316	97,975,471	53,378,094	11,026,220
Total Shareholders Equity	251,355,773	242,439,390	237,582,149	187,228,330	140,328,409

Cash flow quarterly history for Watani Iron Steel Co (9513.SR).
Cash Flow Statement (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Operating Activities
Net Income	9,867,905	4,244,845	49,552,641	47,057,638
Depreciation & Amortization	21,112,766	19,905,337	156,952	19,735,728
Stock Based Compensation	0	0	0	0
Change in Working Capital	-714,346	-4,549,265	-16,663,110	-15,716,881
Operating Cash Flow	43,301,473	21,498,405	60,826,903	59,706,341
Investing Activities
Capital Expenditure	-7,355,616	-31,431,524	-1,981,352	-5,416,242
Investments	-7,355,618	-31,431,524	-1,981,352	-5,416,242
Investing Cash Flow	-7,345,618	-31,431,524	-1,966,352	-5,416,242
Financing Activities
Debt Repayment	-28,156,636	13,097,214	-45,626,200	-270,552,070
Common Stock Issued/Repurchased	0	0	0	0
Dividends Paid	0	0	0	0
Financing Cash Flow	-33,406,353	7,578,728	-51,698,209	-58,033,824
Summary
Free Cash Flow	35,945,855	-9,933,119	58,845,551	54,290,099
Net Change in Cash	2,549,502	-2,354,391	7,162,342	-3,743,725

Cash flow annual history for Watani Iron Steel Co (9513.SR).
Cash Flow Statement (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Operating Activities
Net Income	9,867,905	4,244,845	49,552,641	47,057,638	31,080,985
Depreciation & Amortization	21,112,766	19,905,337	156,952	19,735,728	19,743,670
Stock Based Compensation	0	0	0	0	0
Change in Working Capital	-714,346	-4,549,265	-16,663,110	-15,716,881	10,922,068
Operating Cash Flow	43,301,473	21,498,405	60,826,903	59,706,341	75,349,621
Investing Activities
Capital Expenditure	-7,355,616	-31,431,524	-1,981,352	-5,416,242	-550,708
Investments	-7,355,618	-31,431,524	-1,981,352	-5,416,242	-515,083
Investing Cash Flow	-7,345,618	-31,431,524	-1,966,352	-5,416,242	-550,708
Financing Activities
Debt Repayment	-28,156,636	13,097,214	-45,626,200	-270,552,070	-303,980,000
Common Stock Issued/Repurchased	0	0	0	0	100,000
Dividends Paid	0	0	0	0	-35,800,000
Financing Cash Flow	-33,406,353	7,578,728	-51,698,209	-58,033,824	-78,171,083
Summary
Free Cash Flow	35,945,855	-9,933,119	58,845,551	54,290,099	74,798,913
Net Change in Cash	2,549,502	-2,354,391	7,162,342	-3,743,725	-3,372,170