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Naqi Water Co. 2024 Annual Results

Revenue

SAR 219M

Net Profit

SAR 30M

EPS

SAR 1.51

Operating Cash Flow

SAR 45M

Naqi Water Co. (2282) reported full year 2024 revenue of SAR 219M, down 8.2% from SAR 239M in 2023. Net profit came in at SAR 30M, down 29.7% year on year. Earnings per share were SAR 1.51. The company generated SAR 45M 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 1.49 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 1.49.

Key Financial Metrics

Metric	2024	2023
Revenue	SAR 219M	SAR 239M
Net Profit	SAR 30M	SAR 43M
Net Margin	13.8%	18.0%
ROE	11.0%	17.0%
EPS	SAR 1.51	SAR 2.15
Total Assets	SAR 309M	SAR 293M
Total Equity	SAR 274M	SAR 253M
Total Liabilities	SAR 35M	SAR 39M
Operating Cash Flow	SAR 45M	SAR 63M

Year on Year Comparison

Revenue decreased by 8.2% compared to 2023. Net profit decreased by 29.7%. Both revenue and profit declined year on year.

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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: 2025-04-09.