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Tam Development Co. 2024 Annual Results

Revenue

SAR 273M

Net Profit

SAR 30M

EPS

SAR 9.15

Operating Cash Flow

SAR -2M

Tam Development Co. (9570) reported full year 2024 revenue of SAR 273M, up 45.1% from SAR 188M in 2023. Net profit came in at SAR 30M, down 25.8% year on year. Earnings per share were SAR 9.15. The company generated SAR -2M 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 -0.05 arrived as operating cash flow — indicating Low quality earnings with a cash conversion ratio of -0.05.

Key Financial Metrics

Metric	2024	2023
Revenue	SAR 273M	SAR 188M
Net Profit	SAR 30M	SAR 41M
Net Margin	11.0%	21.6%
ROE	22.0%	37.0%
EPS	SAR 9.15	SAR 12.33
Total Assets	SAR 229M	SAR 189M
Total Equity	SAR 137M	SAR 110M
Total Liabilities	SAR 93M	SAR 79M
Operating Cash Flow	SAR -2M	SAR 6M

Year on Year Comparison

Revenue increased by 45.1% compared to 2023. Net profit decreased by 25.8%. 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: 2025-03-23.