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National Environmental Recycling Co. 2022 Annual Results

Revenue

SAR -372M

Net Profit

SAR 18M

EPS

SAR 0.34

Operating Cash Flow

SAR -13M

National Environmental Recycling Co. (9540) reported full year 2022 revenue of SAR -372M, down 175.7% from SAR -135M in 2021. Net profit came in at SAR 18M, up 64.9% year on year. Earnings per share were SAR 0.34. The company generated SAR -13M 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 -0.71 arrived as operating cash flow — indicating Low quality earnings with a cash conversion ratio of -0.71.

Key Financial Metrics

Metric	2022	2021
Revenue	SAR -372M	SAR -135M
Net Profit	SAR 18M	SAR 11M
Gross Profit	SAR 33M	SAR 19M
Net Margin	-4.9%	-8.1%
ROE	11.6%	7.9%
EPS	SAR 0.34
Total Assets	SAR 216M	SAR 171M
Total Equity	SAR 156M	SAR 139M
Total Liabilities	SAR 59M
Operating Cash Flow	SAR -13M

Year on Year Comparison

Revenue decreased by 175.7% compared to 2021. Net profit increased by 64.9%. 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: 2023-04-06.