Home / Naqi Water Co. / 2023 Annual Results

Naqi Water Co. 2023 Annual Results

Revenue

SAR 239M

Net Profit

SAR 43M

EPS

SAR 2.15

Operating Cash Flow

SAR 63M

Naqi Water Co. (2282) reported full year 2023 revenue of SAR 239M, up 27.5% from SAR 187M in 2022. Net profit came in at SAR 43M, down 11.8% year on year. Earnings per share were SAR 2.15. The company generated SAR 63M 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 239M	SAR 187M
Net Profit	SAR 43M	SAR 49M
Gross Profit		SAR 87M
Net Margin	18.0%	26.0%
ROE	17.0%	19.5%
EPS	SAR 2.15
Total Assets	SAR 293M	SAR 291M
Total Equity	SAR 253M	SAR 249M
Total Liabilities	SAR 39M
Operating Cash Flow	SAR 63M

Year on Year Comparison

Revenue increased by 27.5% compared to 2022. Net profit decreased by 11.8%. Revenue grew but profit declined — suggesting margin pressure.

View full company profile →

View all years:

2024 2023 2022

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: 2024-03-10.