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Naseej for Technology Co. 2024 Annual Results

Revenue

SAR 247M

Net Profit

SAR 4M

EPS

SAR 0.76

Operating Cash Flow

SAR 46M

Naseej for Technology Co. (9538) reported full year 2024 revenue of SAR 247M, up 14.7% from SAR 215M in 2023. Net profit came in at SAR 4M, down 69.6% year on year. Earnings per share were SAR 0.76. The company generated SAR 46M 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 11.43 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 11.43.

Key Financial Metrics

Metric	2024	2023
Revenue	SAR 247M	SAR 215M
Net Profit	SAR 4M	SAR 13M
Net Margin	1.6%	6.2%
ROE	3.0%	10.3%
EPS	SAR 0.76	SAR 2.61
Total Assets	SAR 278M	SAR 255M
Total Equity	SAR 134M	SAR 129M
Total Liabilities	SAR 143M	SAR 125M
Operating Cash Flow	SAR 46M	SAR -6M

Year on Year Comparison

Revenue increased by 14.7% compared to 2023. Net profit decreased by 69.6%. Revenue grew but profit declined — suggesting margin pressure.

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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: 2025-09-10.