22.84
+0.88%
Close of 9 Nov 2026, in SAR
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At a glance
Figures in SAR, from our data supplier.
Revenue
SAR 1.30bn
FY2016FY2025
Net income
−SAR 833.9m
FY2016FY2025
Free cash flow
−SAR 291.5m
FY2016FY2025
Shareholders' equity
SAR 2.51bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SAR 1.30bn | SAR 1.56bn | SAR 1.40bn | SAR 1.91bn | SAR 519.3m | SAR 14.4m | SAR 23.7m | SAR 25.9m | SAR 28.3m | SAR 1.44bn |
| Research and development | — | — | — | — | — | — | SAR 6,000 | SAR 44,000 | — | SAR 8.8m |
| Operating income | −SAR 153.6m | SAR 108.8m | SAR 69.1m | SAR 221.2m | SAR 1.69bn | SAR 210.0m | SAR 204.8m | SAR 105.9m | SAR 121.0m | SAR 288.1m |
| Net income | −SAR 833.9m | −SAR 50.7m | −SAR 82.2m | SAR 170.1m | SAR 1.62bn | SAR 207.3m | SAR 191.2m | SAR 104.8m | SAR 136.2m | SAR 112.7m |
| Diluted earnings per share | -12.05 | -0.73 | -1.62 | 3.46 | 32.88 | 3.00 | 2.76 | 1.51 | 1.97 | 1.63 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SAR 3.95bn | SAR 5.49bn | SAR 4.62bn | SAR 4.87bn | SAR 5.20bn | SAR 1.71bn | SAR 1.50bn | SAR 1.33bn | SAR 1.24bn | SAR 3.23bn |
| Cash and short-term investments | SAR 346.0m | SAR 919.3m | SAR 353.3m | SAR 295.2m | SAR 411.0m | SAR 5.5m | SAR 12.8m | SAR 9.4m | SAR 20.9m | SAR 394.1m |
| Total liabilities | SAR 423.6m | SAR 490.5m | SAR 1.55bn | SAR 1.42bn | SAR 1.76bn | SAR 13.9m | SAR 18.0m | SAR 20.7m | SAR 20.1m | SAR 1.26bn |
| Debt | SAR 567,000 | SAR 26.0m | SAR 1.10bn | SAR 1.03bn | SAR 1.19bn | SAR 1.3m | SAR 6.3m | — | — | — |
| Shareholders' equity | SAR 2.51bn | SAR 3.49bn | SAR 3.03bn | SAR 2.64bn | SAR 2.61bn | SAR 1.69bn | SAR 1.48bn | SAR 1.30bn | SAR 1.22bn | SAR 1.16bn |
| Shares outstanding | 69m | 69m | 51m | 49m | 49m | 69m | 69m | 69m | 69m | 69m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SAR 177.7m | SAR 197.6m | SAR 416.8m | SAR 357.6m | SAR 80.7m | −SAR 63.8m | −SAR 1.0m | −SAR 9.9m | −SAR 19.0m | SAR 398.5m |
| Capital spending | −SAR 469.2m | −SAR 597.3m | −SAR 191.6m | −SAR 130.7m | −SAR 20.0m | −SAR 470,000 | −SAR 88,000 | −SAR 1.3m | −SAR 973,000 | −SAR 36.2m |
| Free cash flow | −SAR 291.5m | −SAR 399.7m | SAR 225.2m | SAR 226.9m | SAR 60.7m | −SAR 64.2m | −SAR 1.1m | −SAR 11.2m | −SAR 19.9m | SAR 362.3m |
| Dividends paid | −SAR 154.7m | — | — | −SAR 73.7m | −SAR 68.5m | −SAR 68.5m | −SAR 68.5m | −SAR 348,000 | −SAR 68.2m | −SAR 68.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SAR 541.9m | SAR 365.5m | SAR 326.8m | SAR 364.1m | SAR 342.9m | SAR 267.7m | SAR 358.1m | SAR 338.2m |
| Operating income | SAR 141.4m | SAR 19.3m | −SAR 120.4m | SAR 11.9m | SAR 6.8m | −SAR 41.5m | −SAR 99.2m | SAR 22.6m |
| Net income | SAR 91.9m | SAR 12.2m | −SAR 845.4m | SAR 16.4m | SAR 12.4m | −SAR 17.2m | −SAR 116.8m | SAR 45.8m |
| Diluted earnings per share | 1.33 | 0.18 | -12.22 | 0.24 | 0.18 | -0.25 | -1.69 | 0.66 |
| Cash from operations | SAR 6.0m | SAR 80.0m | SAR 115.0m | −SAR 7.0m | SAR 80.0m | −SAR 11.0m | −SAR 3.0m | SAR 77.0m |
| Capital spending | −SAR 191.0m | −SAR 89.0m | −SAR 111.0m | −SAR 58.0m | −SAR 128.0m | −SAR 169.0m | −SAR 222.0m | −SAR 184.0m |
| Free cash flow | −SAR 185.0m | −SAR 9.0m | SAR 4.0m | −SAR 65.0m | −SAR 48.0m | −SAR 180.0m | −SAR 225.0m | −SAR 107.0m |
| Total assets | SAR 4.39bn | SAR 4.21bn | SAR 3.95bn | SAR 5.55bn | SAR 5.31bn | SAR 5.36bn | SAR 5.49bn | SAR 5.53bn |
| Cash and short-term investments | — | — | SAR 346.0m | SAR 634.9m | SAR 442.2m | SAR 624.6m | SAR 919.3m | SAR 950.6m |
| Debt | — | — | SAR 567,000 | SAR 253.9m | SAR 2.2m | SAR 12.0m | SAR 11.6m | SAR 22.3m |
| Shareholders' equity | SAR 2.56bn | SAR 2.47bn | SAR 2.51bn | SAR 3.35bn | SAR 3.38bn | SAR 3.48bn | SAR 3.49bn | SAR 3.61bn |
Financial ratios
Data as of 31 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -98.9% | -6.2% | 2.6% | 8.9% | 324.7% | -182.5% | — | — | — | — | — |
| Net margin | -64.1% | -3.3% | -5.9% | 8.9% | 312.4% | 1441.7% | — | — | — | — | — |
| Return on equity | -33.3% | -1.5% | -2.7% | 6.4% | 62.1% | 12.3% | — | — | — | — | — |
| Return on assets | -21.1% | -0.9% | -1.8% | 3.5% | 31.2% | 12.2% | — | — | — | — | — |
| Free cash flow yield | 36.2% | 44.5% | 46.6% | 38.4% | 7.9% | -3.5% | — | — | — | — | — |
| Revenue growth | -16.3% | 11.4% | -26.9% | 268.0% | 3511.8% | -39.4% | — | — | — | — | — |
| Earnings growth | 1544.6% | -38.4% | -148.4% | -89.5% | 682.6% | 8.4% | — | — | — | — | — |
| Current ratio | 3.65x | 4.64x | 3.09x | 2.35x | 2.21x | 5.46x | — | — | — | — | — |
| Debt to equity | 0.00x | 0.00x | 0.36x | 0.38x | 0.45x | 0.00x | — | — | — | — | — |
| Equity ratio | 63.4% | 63.6% | 65.6% | 54.3% | 50.2% | 99.2% | — | — | — | — | — |
| Interest coverage | -145.01x | -2.75x | 0.55x | 4.10x | 199.06x | -44.63x | — | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.0% | 0.2% | 0.6% | 0.5% | 0.3% |
| Buybacks as a share of market value | 0.0% | -36.7% | -2.9% | 0.3% | 28.7% | 0.0% | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -12.0% | 146.2% | -1.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -1.6% | 4.0% | 32.0% | 32.6% |
| Net margin | -31.0% | -12.9% | 15.4% | 17.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.2 | -52.3 | -24.8 | 10.8 | 1.6 | 15.7 | 10.9 | 12.9 | 10.8 | 12.0 |
| Price to sales | 1.4 | 1.7 | 1.5 | 1.0 | 5.1 | 226.4 | 87.5 | 52.0 | 52.0 | 0.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 11 Aug 2026.
| FY2026 | FY2025 | FY2021 | FY2017 | |
|---|---|---|---|---|
| Paid in the year | 1.50 | 2.25 | 2.50 | 1.00 |
- 5-for-1 split · 15 Apr 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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