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Axelerated Solutions for Information and Communication Technology Co. 2024 Annual Results

Revenue

SAR 419M

Net Profit

SAR 49M

EPS

SAR 1.97

Operating Cash Flow

SAR 24M

Axelerated Solutions for Information and Communication Technology Co. (9637) reported full year 2024 revenue of SAR 419M, up 54.8% from SAR 271M in 2023. Net profit came in at SAR 49M, up 25.5% year on year. Earnings per share were SAR 1.97. The company generated SAR 24M 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 0.50 arrived as operating cash flow — indicating Low quality earnings with a cash conversion ratio of 0.50.

Key Financial Metrics

Metric	2024	2023
Revenue	SAR 419M	SAR 271M
Net Profit	SAR 49M	SAR 39M
Net Margin	11.6%	14.3%
ROE	29.7%	32.3%
EPS	SAR 1.97	SAR 1.55
Total Assets	SAR 297M	SAR 217M
Total Equity	SAR 164M	SAR 120M
Total Liabilities	SAR 133M	SAR 97M
Operating Cash Flow	SAR 24M	SAR -8M

Year on Year Comparison

Revenue increased by 54.8% compared to 2023. Net profit increased by 25.5%. Both revenue and profit grew — indicating expanding business.

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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: 2025-06-02.