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Saudi Arabian Mining Co. 2023 Annual Results

Revenue

SAR 29.27B

Net Profit

SAR 1.70B

EPS

SAR 0.43

Operating Cash Flow

SAR 7.53B

Saudi Arabian Mining Co. (1211) reported full year 2023 revenue of SAR 29.27B, up 21.8% from SAR 24.03B in 2022. Net profit came in at SAR 1.70B, down 81.8% year on year. Earnings per share were SAR 0.43. The company generated SAR 7.53B in operating cash flow. All figures sourced from CMA-mandated XBRL filings on the Saudi Exchange, processed by Sahm Screener.

Earnings Quality

Of every SAR 1.00 in reported net profit, SAR 4.43 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 4.43.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 29.27B	SAR 24.03B
Net Profit	SAR 1.70B	SAR 9.32B
Gross Profit		SAR 16.25B
Net Margin	5.8%	38.8%
ROE	3.7%	20.7%
EPS	SAR 0.43
Total Assets	SAR 111.87B	SAR 111.59B
Total Equity	SAR 46.42B	SAR 45.07B
Total Liabilities	SAR 55.06B
Operating Cash Flow	SAR 7.53B

Year on Year Comparison

Revenue increased by 21.8% compared to 2022. Net profit decreased by 81.8%. Revenue grew but profit declined — suggesting margin pressure.

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Financial data sourced from CMA-mandated XBRL filings published on the Saudi Exchange (Tadawul). Data processed and structured by Sahm Screener (sahmscreener.com). Updated nightly. Last updated: 2024-02-29.