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Red Sea International Co. 2024 Annual Results

Revenue

SAR 2.98B

Net Profit

SAR 17M

EPS

SAR -2.06

Operating Cash Flow

SAR -36M

Red Sea International Co. (4230) reported full year 2024 revenue of SAR 2.98B, up 116.5% from SAR 1.38B in 2023. Net profit came in at SAR 17M, up 8.6% year on year. Earnings per share were SAR -2.06. The company generated SAR -36M 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 -2.14 arrived as operating cash flow — indicating Low quality earnings with a cash conversion ratio of -2.14.

Key Financial Metrics

Metric	2024	2023
Revenue	SAR 2.98B	SAR 1.38B
Net Profit	SAR 17M	SAR 16M
Net Margin	0.6%	1.1%
ROE	232.8%	18.6%
EPS	SAR -2.06	SAR -1.16
Total Assets	SAR 2.89B	SAR 2.48B
Total Equity	SAR 7M	SAR 84M
Total Liabilities	SAR 2.39B	SAR 2.15B
Operating Cash Flow	SAR -36M	SAR 20M

Year on Year Comparison

Revenue increased by 116.5% compared to 2023. Net profit increased by 8.6%. 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: 2025-05-06.