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National Industrialization Co. 2024 Annual Results

Revenue
SAR 3.90B
Net Profit
SAR 103M
EPS
SAR 0.15
Operating Cash Flow
SAR -70M

National Industrialization Co. (2060) reported full year 2024 revenue of SAR 3.90B, up 9.4% from SAR 3.57B in 2023. Net profit came in at SAR 103M, down 41.1% year on year. Earnings per share were SAR 0.15. The company generated SAR -70M 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 -0.68 arrived as operating cash flow — indicating Low quality earnings with a cash conversion ratio of -0.68.

Key Financial Metrics

Metric20242023
RevenueSAR 3.90BSAR 3.57B
Net ProfitSAR 103MSAR 175M
Net Margin2.6%4.9%
ROE1.1%1.8%
EPSSAR 0.15SAR 0.26
Total AssetsSAR 26.38BSAR 25.38B
Total EquitySAR 9.65BSAR 9.65B
Total LiabilitiesSAR 14.36BSAR 13.19B
Operating Cash FlowSAR -70MSAR 150M

Year on Year Comparison

Revenue increased by 9.4% compared to 2023. Net profit decreased by 41.1%. 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: 2025-03-23.