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WSM for Information Technology Co. 2024 Annual Results

Revenue

SAR 29M

Net Profit

SAR 5M

EPS

SAR 2.52

Operating Cash Flow

SAR 3M

WSM for Information Technology Co. (9595) reported full year 2024 revenue of SAR 29M, up 3.5% from SAR 28M in 2023. Net profit came in at SAR 5M, down 13.0% year on year. Earnings per share were SAR 2.52. The company generated SAR 3M 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 0.63 arrived as operating cash flow — indicating Moderate quality earnings with a cash conversion ratio of 0.63.

Key Financial Metrics

Metric	2024	2023
Revenue	SAR 29M	SAR 28M
Net Profit	SAR 5M	SAR 6M
Net Margin	17.0%	20.2%
ROE	12.5%	16.6%
EPS	SAR 2.52	SAR 2.90
Total Assets	SAR 70M	SAR 45M
Total Equity	SAR 39M	SAR 34M
Total Liabilities	SAR 31M	SAR 11M
Operating Cash Flow	SAR 3M	SAR 6M

Year on Year Comparison

Revenue increased by 3.5% compared to 2023. Net profit decreased by 13.0%. Revenue grew but profit declined — suggesting margin pressure.

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2024 2023

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: 2025-04-20.