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Adeer Real Estate Co. 2023 Annual Results

Revenue

SAR 108M

Net Profit

SAR 50M

EPS

SAR 10.06

Operating Cash Flow

SAR 57M

Adeer Real Estate Co. (9634) reported full year 2023 revenue of SAR 108M, up 32.2% from SAR 82M in 2022. Net profit came in at SAR 50M, up 22.6% year on year. Earnings per share were SAR 10.06. The company generated SAR 57M 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 1.14 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 1.14.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 108M	SAR 82M
Net Profit	SAR 50M	SAR 41M
Net Margin	46.5%	50.1%
ROE	61.7%	38.5%
EPS	SAR 10.06	SAR 8.21
Total Assets	SAR 97M	SAR 118M
Total Equity	SAR 82M	SAR 106M
Total Liabilities	SAR 15M	SAR 11M
Operating Cash Flow	SAR 57M	SAR 39M

Year on Year Comparison

Revenue increased by 32.2% compared to 2022. Net profit increased by 22.6%. Both revenue and profit grew — indicating expanding business.

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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: 2025-06-12.