K
18.88
-2.07%
Close of 9 Nov 2026, in SAR
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At a glance
Figures in SAR, from our data supplier.
Revenue
SAR 319.0m
FY2016FY2025
Net income
−SAR 34.9m
FY2016FY2025
Free cash flow
−SAR 272.0m
FY2016FY2025
Shareholders' equity
SAR 2.95bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SAR 319.0m | SAR 158.8m | SAR 66.9m | SAR 56.7m | SAR 42.5m | SAR 112.9m | SAR 161.6m | SAR 71.1m | SAR 31.8m | SAR 106.2m |
| Research and development | — | — | — | SAR 0 | SAR 0 | SAR 0 | SAR 0 | SAR 0 | SAR 0 | SAR 0 |
| Operating income | −SAR 24.8m | −SAR 17.8m | −SAR 42.6m | −SAR 39.3m | −SAR 46.1m | −SAR 11.8m | SAR 38.0m | −SAR 36.5m | −SAR 29.7m | SAR 16.3m |
| Net income | −SAR 34.9m | −SAR 21.0m | −SAR 45.6m | −SAR 18.8m | −SAR 22.5m | −SAR 23.8m | SAR 18.2m | −SAR 38.0m | −SAR 21.8m | SAR 15.2m |
| Diluted earnings per share | -0.07 | -0.06 | -0.13 | -0.06 | -0.07 | -0.07 | 0.05 | -0.11 | -0.06 | 0.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SAR 5.63bn | SAR 4.74bn | SAR 3.87bn | SAR 3.51bn | SAR 3.29bn | SAR 3.26bn | SAR 3.35bn | SAR 3.30bn | SAR 3.32bn | SAR 3.35bn |
| Cash and short-term investments | SAR 159.7m | SAR 104.0m | SAR 68.9m | SAR 177.2m | SAR 250.3m | SAR 226.1m | SAR 462.9m | SAR 554.8m | SAR 112.7m | SAR 685.4m |
| Total liabilities | SAR 2.59bn | SAR 1.66bn | SAR 773.3m | SAR 355.8m | SAR 125.2m | SAR 71.4m | SAR 134.9m | SAR 102.5m | SAR 85.6m | SAR 3.35bn |
| Debt | SAR 2.21bn | SAR 1.44bn | SAR 539.8m | SAR 222.2m | SAR 2.6m | SAR 3.8m | SAR 4.3m | — | — | — |
| Shareholders' equity | SAR 2.95bn | SAR 2.99bn | SAR 3.00bn | SAR 3.06bn | SAR 3.08bn | SAR 3.10bn | SAR 3.12bn | SAR 3.10bn | SAR 3.14bn | SAR 3.16bn |
| Shares outstanding | 504m | 339m | 339m | 339m | 339m | 339m | 339m | 339m | 337m | 329m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SAR 102.2m | −SAR 218.1m | SAR 52.2m | −SAR 4.7m | SAR 27.9m | −SAR 62.6m | −SAR 45.5m | −SAR 91.8m | −SAR 37.9m | SAR 49.2m |
| Capital spending | −SAR 169.8m | −SAR 3.3m | −SAR 1.0m | −SAR 1.8m | −SAR 495,832 | −SAR 1.4m | −SAR 1.7m | −SAR 785,160 | −SAR 2.2m | −SAR 9.1m |
| Free cash flow | −SAR 272.0m | −SAR 221.5m | SAR 51.2m | −SAR 6.5m | SAR 27.4m | −SAR 63.9m | −SAR 47.2m | −SAR 92.6m | −SAR 40.1m | SAR 40.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SAR 29.9m | SAR 55.4m | SAR 83.2m | SAR 123.3m | SAR 61.5m | SAR 51.0m | SAR 112.8m | SAR 34.9m |
| Operating income | −SAR 21.1m | −SAR 10.0m | −SAR 8.0m | SAR 27.7m | −SAR 31.5m | −SAR 15.0m | SAR 28.3m | −SAR 12.6m |
| Net income | −SAR 12.9m | −SAR 15.4m | −SAR 8.2m | SAR 28.2m | −SAR 37.7m | −SAR 17.3m | SAR 26.7m | −SAR 8.9m |
| Diluted earnings per share | -0.04 | -0.05 | -0.02 | 0.06 | -0.07 | -0.03 | 0.08 | -0.03 |
| Cash from operations | −SAR 106.0m | −SAR 27.0m | −SAR 9.0m | −SAR 55.0m | SAR 5.0m | −SAR 71.0m | −SAR 90.0m | −SAR 16.0m |
| Capital spending | −SAR 20.0m | −SAR 32.0m | −SAR 165.0m | — | −SAR 1.0m | −SAR 1.0m | — | −SAR 2.0m |
| Free cash flow | −SAR 126.0m | −SAR 59.0m | −SAR 174.0m | — | SAR 4.0m | −SAR 72.0m | — | −SAR 18.0m |
| Total assets | SAR 6.10bn | SAR 5.88bn | SAR 5.63bn | SAR 5.38bn | SAR 5.16bn | SAR 4.98bn | SAR 4.74bn | SAR 4.51bn |
| Cash and short-term investments | — | — | SAR 159.7m | SAR 146.9m | SAR 136.3m | SAR 128.8m | SAR 104.0m | SAR 87.3m |
| Debt | SAR 2.46bn | SAR 2.34bn | SAR 2.21bn | SAR 2.04bn | SAR 1.83bn | SAR 1.65bn | SAR 1.44bn | SAR 1.20bn |
| Shareholders' equity | SAR 2.92bn | SAR 2.93bn | SAR 2.95bn | SAR 2.96bn | SAR 2.93bn | SAR 2.97bn | SAR 2.99bn | SAR 2.96bn |
Financial ratios
Data as of 18 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -7.8% | -9.8% | -61.1% | -217.1% | -227.4% | -117.2% | — | — | — |
| Net margin | -10.9% | -13.2% | -68.1% | -33.2% | -53.1% | -21.1% | — | — | — |
| Return on equity | -1.2% | -0.7% | -1.5% | -0.6% | -0.7% | -0.8% | — | — | — |
| Return on assets | -0.6% | -0.4% | -1.2% | -0.5% | -0.7% | -0.7% | — | — | — |
| Free cash flow yield | -0.9% | -3.0% | 0.7% | -0.1% | 0.4% | -0.8% | — | — | — |
| Revenue growth | 100.9% | 137.5% | 17.9% | 33.5% | -62.4% | -30.1% | — | — | — |
| Earnings growth | 66.4% | -54.0% | 141.9% | -16.4% | -5.5% | -231.2% | — | — | — |
| Current ratio | 5.04x | 1.69x | 1.25x | 4.68x | 6.61x | 6.47x | — | — | — |
| Debt to equity | 0.75x | 0.48x | 0.18x | 0.07x | 0.00x | 0.00x | — | — | — |
| Equity ratio | 52.4% | 63.1% | 77.6% | 87.2% | 93.4% | 95.0% | — | — | — |
| Interest coverage | — | -342.38x | -458.44x | -1057.68x | -589.25x | -695.78x | -558.74x | — | — |
| R&D as a share of sales | — | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | -48.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 77.9% | 23.1% | 24.5% |
| Operating income | -14.2% | 16.1% | 1.4% |
| Net income | 22.8% | 7.9% | 11.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -8.9% | -20.7% | -24.1% | -18.6% |
| Net margin | -11.7% | -20.0% | -22.0% | -17.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -164.9 | -241.2 | -104.4 | -193.5 | -243.4 | -169.1 | 185.7 | -81.3 | -198.7 | 390.4 |
| Price to sales | 18.0 | 31.8 | 71.2 | 64.3 | 129.2 | 35.7 | 20.9 | 43.4 | 136.0 | 56.0 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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