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Horizon Food Co. 2022 Annual Results

Revenue

SAR 47M

Net Profit

SAR 9M

EPS

SAR 2.41

Operating Cash Flow

SAR 11M

Horizon Food Co. (9564) reported full year 2022 revenue of SAR 47M, up 29.1% from SAR 37M in 2021. Net profit came in at SAR 9M, down 16.0% year on year. Earnings per share were SAR 2.41. The company generated SAR 11M 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 1.20 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 1.20.

Key Financial Metrics

Metric	2022	2021
Revenue	SAR 47M	SAR 37M
Net Profit	SAR 9M	SAR 11M
Gross Profit	SAR 19M	SAR 17M
Net Margin	18.7%	28.7%
ROE	9.5%	12.3%
EPS	SAR 2.41
Total Assets	SAR 101M	SAR 92M
Total Equity	SAR 93M	SAR 86M
Total Liabilities	SAR 8M
Operating Cash Flow	SAR 11M

Year on Year Comparison

Revenue increased by 29.1% compared to 2021. Net profit decreased by 16.0%. 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: 2023-04-13.