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Saudi Steel Pipe Co. 2024 Annual Results

Revenue
SAR 1.63B
Net Profit
SAR 250M
EPS
SAR 3.57
Operating Cash Flow
SAR 37M

Saudi Steel Pipe Co. (1320) reported full year 2024 revenue of SAR 1.63B, up 22.1% from SAR 1.33B in 2023. Net profit came in at SAR 250M, up 15.1% year on year. Earnings per share were SAR 3.57. The company generated SAR 37M 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 0.15 arrived as operating cash flow — indicating Low quality earnings with a cash conversion ratio of 0.15.

Key Financial Metrics

Metric20242023
RevenueSAR 1.63BSAR 1.33B
Net ProfitSAR 250MSAR 217M
Net Margin15.3%16.3%
ROE29.0%30.1%
EPSSAR 3.57SAR 3.42
Total AssetsSAR 2.02BSAR 2.04B
Total EquitySAR 862MSAR 722M
Total LiabilitiesSAR 913MSAR 1.15B
Operating Cash FlowSAR 37MSAR 315M

Year on Year Comparison

Revenue increased by 22.1% compared to 2023. Net profit increased by 15.1%. Both revenue and profit grew — indicating expanding business.

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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: 2025-05-13.