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Riyadh Steel Co. 2023 Annual Results

Revenue

SAR 134M

Net Profit

SAR 11M

EPS

SAR 0.16

Operating Cash Flow

SAR -1M

Riyadh Steel Co. (9588) reported full year 2023 revenue of SAR 134M, down 14.0% from SAR 156M in 2022. Net profit came in at SAR 11M, up 118.8% year on year. Earnings per share were SAR 0.16. The company generated SAR -1M 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 -0.12 arrived as operating cash flow — indicating Low quality earnings with a cash conversion ratio of -0.12.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 134M	SAR 156M
Net Profit	SAR 11M	SAR 5M
Net Margin	8.3%	3.3%
ROE	14.9%	7.9%
EPS	SAR 0.16	SAR 1.02
Total Assets	SAR 126M	SAR 85M
Total Equity	SAR 75M	SAR 64M
Total Liabilities	SAR 51M	SAR 21M
Operating Cash Flow	SAR -1M	SAR 9M

Year on Year Comparison

Revenue decreased by 14.0% compared to 2022. Net profit increased by 118.8%. Revenue declined but profit grew — indicating improved efficiency or cost control.

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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: 2025-04-07.