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ACWA POWER Co. 2023 Annual Results

Revenue

SAR 6.10B

Net Profit

SAR 1.78B

EPS

SAR 2.27

Operating Cash Flow

SAR 3.34B

ACWA POWER Co. (2082) reported full year 2023 revenue of SAR 6.10B, up 352.8% from SAR -2.41B in 2022. Net profit came in at SAR 1.78B, up 20.6% year on year. Earnings per share were SAR 2.27. The company generated SAR 3.34B 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 1.88 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 1.88.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 6.10B	SAR -2.41B
Net Profit	SAR 1.78B	SAR 1.48B
Gross Profit		SAR 2.87B
Net Margin	29.2%	-61.3%
ROE	9.3%	7.9%
EPS	SAR 2.27
Total Assets	SAR 55.02B	SAR 49.30B
Total Equity	SAR 19.16B	SAR 18.66B
Total Liabilities	SAR 34.31B
Operating Cash Flow	SAR 3.34B

Year on Year Comparison

Revenue increased by 352.8% compared to 2022. Net profit increased by 20.6%. 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: 2026-02-18.