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Saudi Chemical Co. 2023 Annual Results

Revenue

SAR 4.85B

Net Profit

SAR 184M

EPS

SAR 0.22

Operating Cash Flow

SAR 433M

Saudi Chemical Co. (2230) reported full year 2023 revenue of SAR 4.85B, up 51.3% from SAR 3.21B in 2022. Net profit came in at SAR 184M, up 129.5% year on year. Earnings per share were SAR 0.22. The company generated SAR 433M 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 2.35 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 2.35.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 4.85B	SAR 3.21B
Net Profit	SAR 184M	SAR 80M
Gross Profit		SAR 488M
Net Margin	3.8%	2.5%
ROE	10.2%	4.8%
EPS	SAR 0.22
Total Assets	SAR 4.91B	SAR 4.64B
Total Equity	SAR 1.80B	SAR 1.66B
Total Liabilities	SAR 3.10B
Operating Cash Flow	SAR 433M

Year on Year Comparison

Revenue increased by 51.3% compared to 2022. Net profit increased by 129.5%. 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: 2024-03-18.