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Modern Mills for Food Products Co. 2024 Annual Results

Revenue

SAR 1.00B

Net Profit

SAR 209M

EPS

SAR 2.57

Operating Cash Flow

SAR 276M

Modern Mills for Food Products Co. (2284) reported full year 2024 revenue of SAR 1.00B, up 6.6% from SAR 939M in 2023. Net profit came in at SAR 209M, up 3.4% year on year. Earnings per share were SAR 2.57. The company generated SAR 276M 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 1.32 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 1.32.

Key Financial Metrics

Metric	2024	2023
Revenue	SAR 1.00B	SAR 939M
Net Profit	SAR 209M	SAR 202M
Net Margin	20.9%	21.5%
ROE	79.5%	81.5%
EPS	SAR 2.57	SAR 2.47
Total Assets	SAR 1.30B	SAR 1.17B
Total Equity	SAR 263M	SAR 248M
Total Liabilities	SAR 1.04B	SAR 921M
Operating Cash Flow	SAR 276M	SAR 236M

Year on Year Comparison

Revenue increased by 6.6% compared to 2023. Net profit increased by 3.4%. Both revenue and profit grew — indicating expanding business.

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2025 2024 2023

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: 2025-03-10.