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Almarai Co. 2023 Annual Results

Revenue

SAR 19.58B

Net Profit

SAR 2.05B

EPS

SAR 2.08

Operating Cash Flow

SAR 4.48B

Almarai Co. (2280) reported full year 2023 revenue of SAR 19.58B, up 49.5% from SAR 13.10B in 2022. Net profit came in at SAR 2.05B, up 16.6% year on year. Earnings per share were SAR 2.08. The company generated SAR 4.48B 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 2.19 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 2.19.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 19.58B	SAR 13.10B
Net Profit	SAR 2.05B	SAR 1.76B
Gross Profit		SAR 5.62B
Net Margin	10.5%	13.4%
ROE	11.5%	10.6%
EPS	SAR 2.08	SAR 1.79
Total Assets	SAR 36.19B	SAR 32.07B
Total Equity	SAR 17.80B	SAR 16.67B
Total Liabilities	SAR 18.39B	SAR 15.09B
Operating Cash Flow	SAR 4.48B	SAR 3.83B

Year on Year Comparison

Revenue increased by 49.5% compared to 2022. Net profit increased by 16.6%. 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: 2026-02-02.