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First Milling Co. 2023 Annual Results

Revenue

SAR 964M

Net Profit

SAR 220M

EPS

SAR 3.97

Operating Cash Flow

SAR 318M

First Milling Co. (2283) reported full year 2023 revenue of SAR 964M, up 305.4% from SAR -469M in 2022. Net profit came in at SAR 220M, up 1.3% year on year. Earnings per share were SAR 3.97. The company generated SAR 318M 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 1.44 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 1.44.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 964M	SAR -469M
Net Profit	SAR 220M	SAR 217M
Gross Profit		SAR 444M
Net Margin	22.8%	-46.3%
ROE	24.7%	29.0%
EPS	SAR 3.97
Total Assets	SAR 2.47B	SAR 2.43B
Total Equity	SAR 892M	SAR 751M
Total Liabilities	SAR 1.58B
Operating Cash Flow	SAR 318M

Year on Year Comparison

Revenue increased by 305.4% compared to 2022. Net profit increased by 1.3%. 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: 2024-03-11.