Home / Arabian Drilling Co. / 2024 Annual Results

Arabian Drilling Co. 2024 Annual Results

Revenue

SAR 3.62B

Net Profit

SAR 321M

EPS

SAR 3.61

Operating Cash Flow

SAR 1.75B

Arabian Drilling Co. (2381) reported full year 2024 revenue of SAR 3.62B, up 4.1% from SAR 3.48B in 2023. Net profit came in at SAR 321M, down 46.9% year on year. Earnings per share were SAR 3.61. The company generated SAR 1.75B 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 5.44 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 5.44.

Key Financial Metrics

Metric	2024	2023
Revenue	SAR 3.62B	SAR 3.48B
Net Profit	SAR 321M	SAR 605M
Net Margin	8.9%	17.4%
ROE	5.4%	10.1%
EPS	SAR 3.61	SAR 6.79
Total Assets	SAR 10.53B	SAR 10.69B
Total Equity	SAR 5.94B	SAR 5.96B
Total Liabilities	SAR 4.60B	SAR 4.73B
Operating Cash Flow	SAR 1.75B	SAR 1.36B

Year on Year Comparison

Revenue increased by 4.1% compared to 2023. Net profit decreased by 46.9%. Revenue grew but profit declined — suggesting margin pressure.

View full company profile →

View all years:

2025 2024 2023 2022 2021

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: 2025-03-16.