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Watani Iron Steel Co. 2022 Annual Results

Revenue

SAR 524M

Net Profit

SAR 50M

Watani Iron Steel Co. (9513) reported full year 2022 revenue of SAR 524M, down 5.5% from SAR 554M in 2021. Net profit came in at SAR 50M, up 5.3% year on year. All figures sourced from CMA-mandated XBRL filings on the Saudi Exchange, processed by Sahm Screener.

Key Financial Metrics

Metric	2022	2021
Revenue	SAR 524M	SAR 554M
Net Profit	SAR 50M	SAR 47M
Gross Profit	SAR 71M	SAR 68M
Net Margin	9.4%	8.5%
ROE	20.9%	25.1%
Total Assets	SAR 376M	SAR 371M
Total Equity	SAR 238M	SAR 187M

Year on Year Comparison

Revenue decreased by 5.5% compared to 2021. Net profit increased by 5.3%. Revenue declined but profit grew — indicating improved efficiency or cost control.

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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: 2023-03-01.