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Watani Iron Steel Co. 2024 Annual Results

Revenue
SAR 553M
Net Profit
SAR 10M
EPS
SAR 0.05
Operating Cash Flow
SAR 43M

Watani Iron Steel Co. (9513) reported full year 2024 revenue of SAR 553M, up 49.5% from SAR 370M in 2023. Net profit came in at SAR 10M, up 132.5% year on year. Earnings per share were SAR 0.05. The company generated SAR 43M 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 4.39 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 4.39.

Key Financial Metrics

Metric20242023
RevenueSAR 553MSAR 370M
Net ProfitSAR 10MSAR 4M
Net Margin1.8%1.1%
ROE3.9%1.8%
EPSSAR 0.05SAR 0.02
Total AssetsSAR 370MSAR 380M
Total EquitySAR 251MSAR 242M
Total LiabilitiesSAR 119MSAR 137M
Operating Cash FlowSAR 43MSAR 21M

Year on Year Comparison

Revenue increased by 49.5% compared to 2023. Net profit increased by 132.5%. 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: 2025-03-03.