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Etihad Etisalat Co. 2024 Annual Results

Revenue

SAR 18.21B

Net Profit

SAR 3.11B

EPS

SAR 4.03

Operating Cash Flow

SAR 6.34B

Etihad Etisalat Co. (7020) reported full year 2024 revenue of SAR 18.21B, up 8.6% from SAR 16.76B in 2023. Net profit came in at SAR 3.11B, up 39.2% year on year. Earnings per share were SAR 4.03. The company generated SAR 6.34B 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 2.04 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 2.04.

Key Financial Metrics

Metric	2024	2023
Revenue	SAR 18.21B	SAR 16.76B
Net Profit	SAR 3.11B	SAR 2.23B
Net Margin	17.1%	13.3%
ROE	16.5%	12.7%
EPS	SAR 4.03	SAR 2.90
Total Assets	SAR 38.52B	SAR 38.82B
Total Equity	SAR 18.88B	SAR 17.62B
Total Liabilities	SAR 19.64B	SAR 21.19B
Operating Cash Flow	SAR 6.34B	SAR 5.77B

Year on Year Comparison

Revenue increased by 8.6% compared to 2023. Net profit increased by 39.2%. 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: 2025-02-26.