Home / Riyadh Steel Co. / 2024 Annual Results

Riyadh Steel Co. 2024 Annual Results

Revenue

SAR 163M

Net Profit

SAR 2M

EPS

SAR 0.03

Operating Cash Flow

SAR 25M

Riyadh Steel Co. (9588) reported full year 2024 revenue of SAR 163M, up 21.1% from SAR 134M in 2023. Net profit came in at SAR 2M, down 82.1% year on year. Earnings per share were SAR 0.03. The company generated SAR 25M 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 12.64 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 12.64.

Key Financial Metrics

Metric	2024	2023
Revenue	SAR 163M	SAR 134M
Net Profit	SAR 2M	SAR 11M
Net Margin	1.2%	8.3%
ROE	2.6%	14.9%
EPS	SAR 0.03	SAR 0.16
Total Assets	SAR 105M	SAR 126M
Total Equity	SAR 78M	SAR 75M
Total Liabilities	SAR 27M	SAR 51M
Operating Cash Flow	SAR 25M	SAR -1M

Year on Year Comparison

Revenue increased by 21.1% compared to 2023. Net profit decreased by 82.1%. Revenue grew but profit declined — suggesting margin pressure.

View full company profile →

View all years:

2025 2024 2023 2022

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.