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Saudi Networkers Services Co. 2023 Annual Results

Revenue

SAR 555M

Net Profit

SAR 37M

EPS

SAR 6.20

Operating Cash Flow

SAR 45M

Saudi Networkers Services Co. (9543) reported full year 2023 revenue of SAR 555M, up 33.5% from SAR 415M in 2022. Net profit came in at SAR 37M, up 14.4% year on year. Earnings per share were SAR 6.20. The company generated SAR 45M 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 1.23 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 1.23.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 555M	SAR 415M
Net Profit	SAR 37M	SAR 32M
Gross Profit		SAR 63M
Net Margin	6.7%	7.8%
ROE	36.9%	39.1%
EPS	SAR 6.20
Total Assets	SAR 212M	SAR 185M
Total Equity	SAR 100M	SAR 83M
Total Liabilities	SAR 112M
Operating Cash Flow	SAR 45M

Year on Year Comparison

Revenue increased by 33.5% compared to 2022. Net profit increased by 14.4%. 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: 2024-04-02.