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Saudi Ground Services Co. 2024 Annual Results

Revenue

SAR 2.68B

Net Profit

SAR 327M

EPS

SAR 1.74

Operating Cash Flow

SAR 495M

Saudi Ground Services Co. (4031) reported full year 2024 revenue of SAR 2.68B, up 9.2% from SAR 2.46B in 2023. Net profit came in at SAR 327M, up 54.6% year on year. Earnings per share were SAR 1.74. The company generated SAR 495M 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 1.51 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 1.51.

Key Financial Metrics

Metric	2024	2023
Revenue	SAR 2.68B	SAR 2.46B
Net Profit	SAR 327M	SAR 211M
Net Margin	12.2%	8.6%
ROE	13.0%	9.1%
EPS	SAR 1.74	SAR 1.12
Total Assets	SAR 4.27B	SAR 4.23B
Total Equity	SAR 2.51B	SAR 2.33B
Total Liabilities	SAR 1.75B	SAR 1.90B
Operating Cash Flow	SAR 495M	SAR 342M

Year on Year Comparison

Revenue increased by 9.2% compared to 2023. Net profit increased by 54.6%. 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: 2025-03-13.