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Tanmiah Food Co. 2023 Annual Results

Revenue

SAR 2.09B

Net Profit

SAR 89M

EPS

SAR 3.80

Operating Cash Flow

SAR 132M

Tanmiah Food Co. (2281) reported full year 2023 revenue of SAR 2.09B, up 69.8% from SAR 1.23B in 2022. Net profit came in at SAR 89M, down 52.1% year on year. Earnings per share were SAR 3.80. The company generated SAR 132M 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 1.48 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 1.48.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 2.09B	SAR 1.23B
Net Profit	SAR 89M	SAR 187M
Gross Profit		SAR 494M
Net Margin	4.3%	15.2%
ROE	14.4%	30.4%
EPS	SAR 3.80
Total Assets	SAR 2.01B	SAR 1.80B
Total Equity	SAR 619M	SAR 614M
Total Liabilities	SAR 1.33B
Operating Cash Flow	SAR 132M

Year on Year Comparison

Revenue increased by 69.8% compared to 2022. Net profit decreased by 52.1%. 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: 2024-02-18.