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Arabian Drilling Co. 2023 Annual Results

Revenue

SAR 3.48B

Net Profit

SAR 605M

EPS

SAR 6.79

Operating Cash Flow

SAR 1.36B

Arabian Drilling Co. (2381) reported full year 2023 revenue of SAR 3.48B, up 282.8% from SAR -1.90B in 2022. Net profit came in at SAR 605M, up 8.4% year on year. Earnings per share were SAR 6.79. The company generated SAR 1.36B 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 2.25 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 2.25.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 3.48B	SAR -1.90B
Net Profit	SAR 605M	SAR 558M
Gross Profit		SAR 801M
Net Margin	17.4%	-29.3%
ROE	10.1%	10.0%
EPS	SAR 6.79
Total Assets	SAR 10.69B	SAR 9.55B
Total Equity	SAR 5.96B	SAR 5.59B
Total Liabilities	SAR 4.73B
Operating Cash Flow	SAR 1.36B

Year on Year Comparison

Revenue increased by 282.8% compared to 2022. Net profit increased by 8.4%. 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: 2024-03-19.