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Saudi Advanced Industries Co. 2024 Annual Results

Revenue

SAR 342M

Net Profit

SAR 295M

EPS

SAR 5.00

Operating Cash Flow

SAR 100M

Saudi Advanced Industries Co. (2120) reported full year 2024 revenue of SAR 342M, up 90.1% from SAR 180M in 2023. Net profit came in at SAR 295M, up 98.3% year on year. Earnings per share were SAR 5.00. The company generated SAR 100M 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 0.34 arrived as operating cash flow — indicating Low quality earnings with a cash conversion ratio of 0.34.

Key Financial Metrics

Metric	2024	2023
Revenue	SAR 342M	SAR 180M
Net Profit	SAR 295M	SAR 149M
Net Margin	86.2%	82.6%
ROE	24.0%	14.9%
EPS	SAR 5.00	SAR 2.52
Total Assets	SAR 1.36B	SAR 1.13B
Total Equity	SAR 1.23B	SAR 995M
Total Liabilities	SAR 126M	SAR 131M
Operating Cash Flow	SAR 100M	SAR 36M

Year on Year Comparison

Revenue increased by 90.1% compared to 2023. Net profit increased by 98.3%. 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: 2025-03-26.