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Quara Finance Co. 2024 Annual Results

Revenue

SAR 206M

Net Profit

SAR 43M

EPS

SAR 1.44

Operating Cash Flow

SAR -35M

Quara Finance Co. (9596) reported full year 2024 revenue of SAR 206M, up 9.9% from SAR 188M in 2023. Net profit came in at SAR 43M, down 19.6% year on year. Earnings per share were SAR 1.44. The company generated SAR -35M 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 -0.82 arrived as operating cash flow — indicating Low quality earnings with a cash conversion ratio of -0.82.

Key Financial Metrics

Metric	2024	2023
Revenue	SAR 206M	SAR 188M
Net Profit	SAR 43M	SAR 54M
Net Margin	21.0%	28.7%
ROE	9.4%	13.7%
EPS	SAR 1.44	SAR 1.79
Total Assets	SAR 877M	SAR 765M
Total Equity	SAR 459M	SAR 393M
Total Liabilities	SAR 418M	SAR 373M
Operating Cash Flow	SAR -35M	SAR 101M

Year on Year Comparison

Revenue increased by 9.9% compared to 2023. Net profit decreased by 19.6%. 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: 2025-03-06.