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Saudi Ground Services Co. 2023 Annual Results

Revenue

SAR 2.46B

Net Profit

SAR 211M

EPS

SAR 1.12

Operating Cash Flow

SAR 342M

Saudi Ground Services Co. (4031) reported full year 2023 revenue of SAR 2.46B, up 46.1% from SAR 1.68B in 2022. Net profit came in at SAR 211M, up 186.5% year on year. Earnings per share were SAR 1.12. The company generated SAR 342M 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 1.62 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 1.62.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 2.46B	SAR 1.68B
Net Profit	SAR 211M	SAR -244M
Gross Profit		SAR 295M
Net Margin	8.6%	-14.5%
ROE	9.1%	-11.6%
EPS	SAR 1.12
Total Assets	SAR 4.23B	SAR 4.37B
Total Equity	SAR 2.33B	SAR 2.10B
Total Liabilities	SAR 1.90B
Operating Cash Flow	SAR 342M

Year on Year Comparison

Revenue increased by 46.1% compared to 2022. Net profit increased by 186.5%. 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: 2024-03-25.