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Saudi Basic Industries Corp. 2023 Annual Results

Revenue

SAR 141.54B

Net Profit

SAR 3.69B

EPS

SAR -0.92

Operating Cash Flow

SAR 24.45B

Saudi Basic Industries Corp. (2010) reported full year 2023 revenue of SAR 141.54B, down 9.2% from SAR 155.79B in 2022. Net profit came in at SAR 3.69B, down 77.7% year on year. Earnings per share were SAR -0.92. The company generated SAR 24.45B 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 6.62 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 6.62.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 141.54B	SAR 155.79B
Net Profit	SAR 3.69B	SAR 16.53B
Gross Profit		SAR 42.67B
Net Margin	2.6%	10.6%
ROE	2.2%	8.9%
EPS	SAR -0.92
Total Assets	SAR 294.38B	SAR 313.11B
Total Equity	SAR 167.43B	SAR 186.05B
Total Liabilities	SAR 99.10B
Operating Cash Flow	SAR 24.45B

Year on Year Comparison

Revenue decreased by 9.2% compared to 2022. Net profit decreased by 77.7%. Both revenue and profit declined year on year.

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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: 2024-03-07.