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Najran Cement Co. 2023 Annual Results

Revenue

SAR 486M

Net Profit

SAR 55M

EPS

SAR 0.32

Operating Cash Flow

SAR 115M

Najran Cement Co. (3002) reported full year 2023 revenue of SAR 486M, up 33.4% from SAR 364M in 2022. Net profit came in at SAR 55M, down 51.5% year on year. Earnings per share were SAR 0.32. The company generated SAR 115M 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 2.09 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 2.09.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 486M	SAR 364M
Net Profit	SAR 55M	SAR 114M
Gross Profit		SAR 172M
Net Margin	11.4%	31.3%
ROE	2.8%	5.7%
EPS	SAR 0.32
Total Assets	SAR 2.48B	SAR 2.42B
Total Equity	SAR 1.97B	SAR 1.99B
Total Liabilities	SAR 504M
Operating Cash Flow	SAR 115M

Year on Year Comparison

Revenue increased by 33.4% compared to 2022. Net profit decreased by 51.5%. Revenue grew but profit declined — suggesting margin pressure.

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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: 2025-03-26.