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Flynas Co. 2023 Annual Results

Revenue

SAR 6.36B

Net Profit

SAR 401M

EPS

SAR 2.62

Operating Cash Flow

SAR 1.31B

Flynas Co. (4264) reported full year 2023 revenue of SAR 6.36B, up 32.3% from SAR 4.81B in 2022. Net profit came in at SAR 401M, up 133.7% year on year. Earnings per share were SAR 2.62. The company generated SAR 1.31B 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 3.25 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 3.25.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 6.36B	SAR 4.81B
Net Profit	SAR 401M	SAR 172M
Net Margin	6.3%	3.6%
ROE	32.7%	20.5%
EPS	SAR 2.62	SAR 1.12
Total Assets	SAR 12.86B	SAR 9.65B
Total Equity	SAR 1.23B	SAR 839M
Total Liabilities	SAR 11.64B	SAR 8.81B
Operating Cash Flow	SAR 1.31B	SAR 522M

Year on Year Comparison

Revenue increased by 32.3% compared to 2022. Net profit increased by 133.7%. 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: 2025-06-19.