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Saudi Advanced Industries Co. 2023 Annual Results

Revenue

SAR 180M

Net Profit

SAR 149M

EPS

SAR 2.52

Operating Cash Flow

SAR 36M

Saudi Advanced Industries Co. (2120) reported full year 2023 revenue of SAR 180M, up 55.2% from SAR 116M in 2022. Net profit came in at SAR 149M, up 48.5% year on year. Earnings per share were SAR 2.52. The company generated SAR 36M 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 0.24 arrived as operating cash flow — indicating Low quality earnings with a cash conversion ratio of 0.24.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 180M	SAR 116M
Net Profit	SAR 149M	SAR 100M
Gross Profit		SAR 116M
Net Margin	82.6%	86.3%
ROE	14.9%	11.1%
EPS	SAR 2.52
Total Assets	SAR 1.13B	SAR 909M
Total Equity	SAR 995M	SAR 901M
Total Liabilities	SAR 131M
Operating Cash Flow	SAR 36M

Year on Year Comparison

Revenue increased by 55.2% compared to 2022. Net profit increased by 48.5%. 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: 2024-03-17.