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Banan Real Estate Co. 2023 Annual Results

Revenue

SAR 66M

Net Profit

SAR 44M

EPS

SAR 0.14

Operating Cash Flow

SAR 33M

Banan Real Estate Co. (4324) reported full year 2023 revenue of SAR 66M, up 482.5% from SAR 11M in 2022. Net profit came in at SAR 44M, up 18.4% year on year. Earnings per share were SAR 0.14. The company generated SAR 33M 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 0.75 arrived as operating cash flow — indicating Moderate quality earnings with a cash conversion ratio of 0.75.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 66M	SAR 11M
Net Profit	SAR 44M	SAR 37M
Gross Profit		SAR 48M
Net Margin	66.5%	327.4%
ROE	11.6%	10.5%
EPS	SAR 0.14
Total Assets	SAR 661M	SAR 617M
Total Equity	SAR 379M	SAR 353M
Total Liabilities	SAR 116M
Operating Cash Flow	SAR 33M

Year on Year Comparison

Revenue increased by 482.5% compared to 2022. Net profit increased by 18.4%. 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: 2024-03-31.