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Saudi Aramco Base Oil Co. 2023 Annual Results

Revenue

SAR 9.49B

Net Profit

SAR 1.51B

EPS

SAR 8.98

Operating Cash Flow

SAR 2.32B

Saudi Aramco Base Oil Co. (2223) reported full year 2023 revenue of SAR 9.49B, up 222.1% from SAR -7.77B in 2022. Net profit came in at SAR 1.51B, down 23.7% year on year. Earnings per share were SAR 8.98. The company generated SAR 2.32B 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 1.54 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 1.54.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 9.49B	SAR -7.77B
Net Profit	SAR 1.51B	SAR 1.98B
Gross Profit		SAR 2.84B
Net Margin	15.9%	-25.4%
ROE	31.0%	38.9%
EPS	SAR 8.98
Total Assets	SAR 8.86B	SAR 8.64B
Total Equity	SAR 4.87B	SAR 5.08B
Total Liabilities	SAR 3.99B
Operating Cash Flow	SAR 2.32B

Year on Year Comparison

Revenue increased by 222.1% compared to 2022. Net profit decreased by 23.7%. 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: 2024-03-07.