M 
Middle East Specialized Cables Company SJSC 2370.SR · SAR
Industrials · Tadawul · 🇸🇦 Saudi Arabia
29.08
+1.04%
Close of 9 Nov 2026, in SAR
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At a glance
Figures in SAR, from our data supplier.
Revenue
SAR 1.48bn
FY2016FY2025
Net income
SAR 101.7m
FY2016FY2025
Free cash flow
−SAR 19.3m
FY2016FY2025
Shareholders' equity
SAR 538.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SAR 1.48bn | SAR 1.14bn | SAR 926.9m | SAR 814.4m | SAR 516.5m | SAR 525.6m | SAR 468.2m | SAR 591.9m | SAR 675.1m | SAR 836.2m |
| Gross profit | SAR 237.5m | SAR 194.2m | SAR 151.7m | SAR 74.9m | SAR 52.3m | SAR 80.6m | SAR 53.4m | SAR 47.4m | SAR 89.7m | SAR 122.1m |
| Operating income | SAR 134.2m | SAR 111.7m | SAR 77.1m | SAR 19.9m | −SAR 6.4m | SAR 30.9m | −SAR 9.7m | −SAR 53.3m | SAR 32.5m | SAR 28.6m |
| Net income | SAR 101.7m | SAR 91.0m | SAR 48.9m | −SAR 11.8m | −SAR 22.7m | SAR 2.1m | −SAR 24.6m | −SAR 80.1m | SAR 12.5m | SAR 79.8m |
| Diluted earnings per share | 2.41 | 2.27 | 1.22 | -0.29 | -0.21 | 0.05 | -0.61 | -2.00 | 0.31 | 2.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SAR 1.18bn | SAR 928.7m | SAR 771.1m | SAR 768.1m | SAR 666.2m | SAR 673.8m | SAR 674.3m | SAR 747.8m | SAR 857.4m | SAR 1.04bn |
| Cash and short-term investments | — | SAR 19.3m | SAR 21.0m | SAR 43.5m | SAR 68.0m | SAR 49.4m | SAR 14.3m | SAR 15.7m | SAR 14.2m | SAR 26.8m |
| Total liabilities | SAR 642.0m | SAR 464.4m | SAR 393.5m | SAR 439.8m | SAR 327.8m | SAR 312.7m | SAR 314.7m | SAR 362.9m | SAR 392.1m | SAR 1.04bn |
| Debt | SAR 40.3m | SAR 92.4m | SAR 16.1m | SAR 106.5m | SAR 83.4m | SAR 115.3m | SAR 117.2m | SAR 122.4m | SAR 171.6m | SAR 295.2m |
| Shareholders' equity | SAR 538.8m | SAR 464.3m | SAR 377.6m | SAR 328.3m | SAR 338.4m | SAR 361.1m | SAR 359.5m | SAR 384.9m | SAR 465.3m | SAR 458.3m |
| Shares outstanding | 42m | 40m | 40m | 40m | 108m | 40m | 40m | 40m | 40m | 40m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SAR 5.0m | −SAR 52.2m | SAR 81.6m | −SAR 43.3m | SAR 62.6m | SAR 39.9m | SAR 18.3m | SAR 54.6m | SAR 51.8m | SAR 54.6m |
| Capital spending | −SAR 24.3m | −SAR 26.8m | −SAR 13.3m | −SAR 3.8m | −SAR 11.5m | −SAR 3.3m | −SAR 3.8m | −SAR 3.5m | −SAR 15.4m | −SAR 4.7m |
| Free cash flow | −SAR 19.3m | −SAR 79.0m | SAR 68.3m | −SAR 47.1m | SAR 51.1m | SAR 36.6m | SAR 14.5m | SAR 51.1m | SAR 36.4m | SAR 49.9m |
| Dividends paid | −SAR 40.0m | — | — | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SAR 505.6m | SAR 462.5m | SAR 381.6m | SAR 380.5m | SAR 380.9m | SAR 339.0m | SAR 313.5m | SAR 289.2m |
| Gross profit | SAR 76.3m | SAR 76.7m | SAR 66.8m | SAR 59.9m | SAR 60.1m | SAR 50.7m | SAR 48.5m | SAR 47.3m |
| Operating income | SAR 41.5m | SAR 45.3m | SAR 66.8m | SAR 29.2m | SAR 34.8m | SAR 27.7m | SAR 27.7m | SAR 26.6m |
| Net income | SAR 32.3m | SAR 32.6m | SAR 32.3m | SAR 20.3m | SAR 29.9m | SAR 19.2m | SAR 22.3m | SAR 20.9m |
| Diluted earnings per share | 0.81 | 0.81 | 0.76 | 0.48 | 0.71 | 0.45 | 0.56 | 0.52 |
| Cash from operations | −SAR 15.0m | −SAR 76.0m | SAR 14.0m | SAR 111.0m | −SAR 102.0m | −SAR 18.0m | −SAR 28.0m | −SAR 3.0m |
| Capital spending | −SAR 8.0m | −SAR 3.0m | −SAR 12.0m | — | −SAR 8.0m | −SAR 2.0m | −SAR 16.0m | −SAR 3.0m |
| Free cash flow | −SAR 23.0m | −SAR 79.0m | SAR 2.0m | — | −SAR 110.0m | −SAR 20.0m | −SAR 44.0m | −SAR 6.0m |
| Total assets | SAR 1.52bn | SAR 1.41bn | SAR 1.18bn | SAR 1.07bn | SAR 1.09bn | SAR 1.05bn | SAR 928.7m | SAR 878.3m |
| Cash and short-term investments | — | — | — | SAR 23.2m | SAR 24.9m | SAR 45.3m | SAR 19.3m | SAR 37.9m |
| Debt | SAR 36.0m | SAR 38.2m | SAR 40.3m | SAR 132.9m | SAR 224.1m | SAR 134.0m | SAR 86.6m | SAR 58.8m |
| Shareholders' equity | SAR 565.9m | SAR 558.1m | SAR 538.8m | SAR 518.6m | SAR 498.8m | SAR 490.6m | SAR 464.3m | SAR 446.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 22.1% | 23.0% | 5.3% |
| Operating income | 88.8% | 34.1% | — |
| Net income | — | 118.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 16.4% | 15.1% | 14.6% | 13.4% |
| Operating margin | 9.4% | 7.9% | 6.8% | 2.8% |
| Net margin | 7.3% | 5.3% | 3.9% | 1.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 8.8 | 19.1 | 18.3 | -33.6 | -95.9 | 298.4 | -15.4 | -6.2 | 40.8 | 6.2 |
| Price to sales | 0.6 | 1.5 | 1.0 | 0.5 | 4.2 | 1.2 | 0.8 | 0.8 | 0.8 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 1 Dec 2025.
| FY2025 | FY2010 | FY2009 | FY2008 | |
|---|---|---|---|---|
| Paid in the year | 1.00 | 1.50 | 1.80 | 0.75 |
- 100-to-66.67 reverse split · 7 Nov 2018
- 5-for-4 split · 19 Jul 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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