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Saudi Aramco Base Oil Co. 2024 Annual Results

Revenue

SAR 10.04B

Net Profit

SAR 972M

EPS

SAR 5.78

Operating Cash Flow

SAR 1.81B

Saudi Aramco Base Oil Co. (2223) reported full year 2024 revenue of SAR 10.04B, up 5.8% from SAR 9.49B in 2023. Net profit came in at SAR 972M, down 35.6% year on year. Earnings per share were SAR 5.78. The company generated SAR 1.81B 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 1.86 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 1.86.

Key Financial Metrics

Metric	2024	2023
Revenue	SAR 10.04B	SAR 9.49B
Net Profit	SAR 972M	SAR 1.51B
Net Margin	9.7%	15.9%
ROE	22.1%	31.0%
EPS	SAR 5.78	SAR 8.98
Total Assets	SAR 7.74B	SAR 8.86B
Total Equity	SAR 4.40B	SAR 4.87B
Total Liabilities	SAR 3.34B	SAR 3.99B
Operating Cash Flow	SAR 1.81B	SAR 2.32B

Year on Year Comparison

Revenue increased by 5.8% compared to 2023. Net profit decreased by 35.6%. 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: 2025-02-25.