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National Environmental Recycling Co. 2023 Annual Results

Revenue

SAR 632M

Net Profit

SAR 26M

EPS

SAR 0.43

Operating Cash Flow

SAR -22M

National Environmental Recycling Co. (9540) reported full year 2023 revenue of SAR 632M, up 269.9% from SAR -372M in 2022. Net profit came in at SAR 26M, up 41.0% year on year. Earnings per share were SAR 0.43. The company generated SAR -22M 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 -0.85 arrived as operating cash flow — indicating Low quality earnings with a cash conversion ratio of -0.85.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 632M	SAR -372M
Net Profit	SAR 26M	SAR 18M
Gross Profit		SAR 33M
Net Margin	4.0%	-4.9%
ROE	12.7%	11.6%
EPS	SAR 0.43	SAR 0.34
Total Assets	SAR 330M	SAR 216M
Total Equity	SAR 202M	SAR 156M
Total Liabilities	SAR 128M	SAR 59M
Operating Cash Flow	SAR -22M	SAR -13M

Year on Year Comparison

Revenue increased by 269.9% compared to 2022. Net profit increased by 41.0%. 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: 2025-04-10.