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Saudi Energy Co. 2023 Annual Results

Revenue

SAR 75.33B

Net Profit

SAR 10.25B

EPS

SAR 0.62

Operating Cash Flow

SAR 32.62B

Saudi Energy Co. (5110) reported full year 2023 revenue of SAR 75.33B, up 44.0% from SAR 52.32B in 2022. Net profit came in at SAR 10.25B, down 32.3% year on year. Earnings per share were SAR 0.62. The company generated SAR 32.62B 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 3.18 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 3.18.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 75.33B	SAR 52.32B
Net Profit	SAR 10.25B	SAR 15.14B
Gross Profit		SAR 19.76B
Net Margin	13.6%	28.9%
ROE	4.0%	5.9%
EPS	SAR 0.62
Total Assets	SAR 500.79B	SAR 479.48B
Total Equity	SAR 256.32B	SAR 257.05B
Total Liabilities	SAR 244.47B
Operating Cash Flow	SAR 32.62B

Year on Year Comparison

Revenue increased by 44.0% compared to 2022. Net profit decreased by 32.3%. 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: 2024-03-12.