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Morabaha Marina Financing Co. 2023 Annual Results

Revenue

SAR 169M

Net Profit

SAR 31M

EPS

SAR 0.60

Operating Cash Flow

SAR -73M

Morabaha Marina Financing Co. (4082) reported full year 2023 revenue of SAR 169M, up 683.2% from SAR -29M in 2022. Net profit came in at SAR 31M, down 33.1% year on year. Earnings per share were SAR 0.60. The company generated SAR -73M 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 -2.35 arrived as operating cash flow — indicating Low quality earnings with a cash conversion ratio of -2.35.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 169M	SAR -29M
Net Profit	SAR 31M	SAR 46M
Gross Profit		SAR 132M
Net Margin	18.3%	-159.4%
ROE	3.7%	8.3%
EPS	SAR 0.60
Total Assets	SAR 1.34B	SAR 1.22B
Total Equity	SAR 842M	SAR 559M
Total Liabilities	SAR 500M
Operating Cash Flow	SAR -73M

Year on Year Comparison

Revenue increased by 683.2% compared to 2022. Net profit decreased by 33.1%. 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: 2024-07-07.