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Horizon Food Co. 2023 Annual Results

Revenue

SAR 55M

Net Profit

SAR 9M

EPS

SAR 1.16

Operating Cash Flow

SAR 16M

Horizon Food Co. (9564) reported full year 2023 revenue of SAR 55M, up 16.4% from SAR 47M in 2022. Net profit came in at SAR 9M, up 4.6% year on year. Earnings per share were SAR 1.16. The company generated SAR 16M 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 1.68 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 1.68.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 55M	SAR 47M
Net Profit	SAR 9M	SAR 9M
Gross Profit		SAR 19M
Net Margin	16.8%	18.7%
ROE	9.0%	9.5%
EPS	SAR 1.16	SAR 2.41
Total Assets	SAR 110M	SAR 101M
Total Equity	SAR 102M	SAR 93M
Total Liabilities	SAR 8M	SAR 8M
Operating Cash Flow	SAR 16M	SAR 11M

Year on Year Comparison

Revenue increased by 16.4% compared to 2022. Net profit increased by 4.6%. 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: 2025-05-06.