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Etihad Etisalat Co. 2023 Annual Results

Revenue

SAR 16.76B

Net Profit

SAR 2.23B

EPS

SAR 2.90

Operating Cash Flow

SAR 5.77B

Etihad Etisalat Co. (7020) reported full year 2023 revenue of SAR 16.76B, up 165.8% from SAR 6.31B in 2022. Net profit came in at SAR 2.23B, up 34.7% year on year. Earnings per share were SAR 2.90. The company generated SAR 5.77B 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 2.59 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 2.59.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 16.76B	SAR 6.31B
Net Profit	SAR 2.23B	SAR 1.66B
Gross Profit		SAR 9.36B
Net Margin	13.3%	26.3%
ROE	12.7%	10.1%
EPS	SAR 2.90
Total Assets	SAR 38.82B	SAR 39.77B
Total Equity	SAR 17.62B	SAR 16.36B
Total Liabilities	SAR 21.19B
Operating Cash Flow	SAR 5.77B

Year on Year Comparison

Revenue increased by 165.8% compared to 2022. Net profit increased by 34.7%. 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: 2024-03-03.