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Group Five Pipe Saudi Co. 2024 Annual Results

Revenue

SAR 977M

Net Profit

SAR 39M

EPS

SAR 1.38

Operating Cash Flow

SAR -57M

Group Five Pipe Saudi Co. (9523) reported full year 2024 revenue of SAR 977M, up 114.5% from SAR 455M in 2023. Net profit came in at SAR 39M, up 310.9% year on year. Earnings per share were SAR 1.38. The company generated SAR -57M 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 -1.49 arrived as operating cash flow — indicating Low quality earnings with a cash conversion ratio of -1.49.

Key Financial Metrics

Metric	2024	2023
Revenue	SAR 977M	SAR 455M
Net Profit	SAR 39M	SAR 9M
Net Margin	3.9%	2.1%
ROE	10.7%	2.9%
EPS	SAR 1.38	SAR 0.33
Total Assets	SAR 1.72B	SAR 1.28B
Total Equity	SAR 362M	SAR 324M
Total Liabilities	SAR 1.35B	SAR 956M
Operating Cash Flow	SAR -57M	SAR -33M

Year on Year Comparison

Revenue increased by 114.5% compared to 2023. Net profit increased by 310.9%. 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: 2025-03-19.