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Gas Arabian Services Co. 2023 Annual Results

Revenue

SAR 722M

Net Profit

SAR 81M

EPS

SAR 0.52

Operating Cash Flow

SAR 60M

Gas Arabian Services Co. (4146) reported full year 2023 revenue of SAR 722M, up 90.5% from SAR 379M in 2022. Net profit came in at SAR 81M, up 20.9% year on year. Earnings per share were SAR 0.52. The company generated SAR 60M 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 0.73 arrived as operating cash flow — indicating Moderate quality earnings with a cash conversion ratio of 0.73.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 722M	SAR 379M
Net Profit	SAR 81M	SAR 67M
Gross Profit		SAR 117M
Net Margin	11.3%	17.8%
ROE	22.6%	21.3%
EPS	SAR 0.52	SAR 4.26
Total Assets	SAR 586M	SAR 499M
Total Equity	SAR 361M	SAR 317M
Total Liabilities	SAR 226M	SAR 182M
Operating Cash Flow	SAR 60M	SAR 66M

Year on Year Comparison

Revenue increased by 90.5% compared to 2022. Net profit increased by 20.9%. 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: 2024-03-17.