Home / Axelerated Solutions for Information and Communication Technology Co. / 2023 Annual Results

Axelerated Solutions for Information and Communication Technology Co. 2023 Annual Results

Revenue

SAR 271M

Net Profit

SAR 39M

EPS

SAR 1.55

Operating Cash Flow

SAR -8M

Axelerated Solutions for Information and Communication Technology Co. (9637) reported full year 2023 revenue of SAR 271M. Net profit came in at SAR 39M. Earnings per share were SAR 1.55. The company generated SAR -8M 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 -0.21 arrived as operating cash flow — indicating Low quality earnings with a cash conversion ratio of -0.21.

Key Financial Metrics

Metric	2023
Revenue	SAR 271M
Net Profit	SAR 39M
Net Margin	14.3%
ROE	32.3%
EPS	SAR 1.55
Total Assets	SAR 217M
Total Equity	SAR 120M
Total Liabilities	SAR 97M
Operating Cash Flow	SAR -8M

View full company profile →

View all years:

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: 2025-06-02.