14.33
-1.58%
Close of 9 Nov 2026, in SAR
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At a glance
Figures in SAR, from our data supplier.
Revenue
SAR 114.1m
FY2016FY2025
Net income
−SAR 64.7m
FY2016FY2025
Free cash flow
SAR 64,936
FY2016FY2025
Shareholders' equity
SAR 17.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SAR 114.1m | SAR 155.4m | SAR 177.4m | SAR 159.2m | SAR 131.2m | SAR 127.8m | SAR 230.5m | SAR 232.9m | SAR 262.6m | SAR 299.9m |
| Gross profit | −SAR 11.4m | SAR 1.2m | SAR 9.3m | SAR 6.5m | −SAR 6.2m | −SAR 12.4m | SAR 19.7m | SAR 41.5m | SAR 55.8m | SAR 73.3m |
| Operating income | −SAR 60.1m | −SAR 68.0m | −SAR 24.1m | −SAR 14.8m | −SAR 29.7m | −SAR 33.7m | −SAR 1.4m | SAR 41.5m | SAR 55.8m | SAR 73.3m |
| Net income | −SAR 64.7m | −SAR 73.1m | −SAR 30.9m | −SAR 24.6m | −SAR 42.2m | −SAR 116.8m | −SAR 4.8m | SAR 19.3m | SAR 27.2m | SAR 42.4m |
| Diluted earnings per share | -4.28 | -10.00 | -4.22 | -3.37 | -0.39 | -20.57 | -0.84 | 3.95 | 5.55 | 8.68 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SAR 136.5m | SAR 196.4m | SAR 266.3m | SAR 281.0m | SAR 324.8m | SAR 334.6m | SAR 423.9m | SAR 346.1m | SAR 306.7m | SAR 325.5m |
| Cash and short-term investments | — | SAR 1.2m | SAR 6.5m | SAR 27.5m | SAR 76.2m | SAR 5.4m | SAR 2.2m | SAR 6.0m | SAR 7.3m | SAR 20.4m |
| Total liabilities | SAR 119.4m | SAR 115.5m | SAR 112.2m | SAR 96.0m | SAR 116.9m | SAR 148.7m | SAR 423.9m | SAR 346.1m | SAR 306.7m | SAR 325.5m |
| Debt | — | SAR 72.2m | SAR 72.5m | SAR 65.1m | SAR 73.7m | SAR 98.5m | SAR 82.3m | SAR 14.8m | — | SAR 35.6m |
| Shareholders' equity | SAR 17.1m | SAR 81.0m | SAR 154.1m | SAR 185.0m | SAR 207.9m | SAR 185.9m | SAR 271.4m | SAR 271.2m | SAR 276.0m | SAR 243.1m |
| Shares outstanding | 15m | 7m | 7m | 7m | 108m | 6m | 6m | 5m | 5m | 5m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SAR 1.2m | SAR 16.2m | SAR 5.1m | −SAR 18.6m | −SAR 24.0m | −SAR 7.3m | SAR 18.8m | SAR 51.6m | SAR 38.9m | SAR 70.3m |
| Capital spending | −SAR 1.1m | −SAR 6.2m | −SAR 13.2m | −SAR 29.5m | −SAR 3.9m | −SAR 2.1m | −SAR 22.9m | −SAR 22.9m | −SAR 17.7m | −SAR 17.8m |
| Free cash flow | SAR 64,936 | SAR 9.9m | −SAR 8.1m | −SAR 48.1m | −SAR 27.9m | −SAR 9.4m | −SAR 4.1m | SAR 28.7m | SAR 21.2m | SAR 52.5m |
| Dividends paid | — | — | — | — | — | — | — | −SAR 11.2m | −SAR 11.2m | −SAR 37.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SAR 3.5m | SAR 19.5m | SAR 19.7m | SAR 23.6m | SAR 24.7m | SAR 44.2m | SAR 32.6m | SAR 32.7m |
| Gross profit | −SAR 1.2m | SAR 2.5m | −SAR 2.5m | −SAR 2.6m | −SAR 10.2m | −SAR 726,554 | −SAR 3.2m | −SAR 2.4m |
| Operating income | −SAR 11.3m | −SAR 5.4m | — | −SAR 8.6m | −SAR 14.8m | −SAR 6.9m | −SAR 51.8m | −SAR 11.6m |
| Net income | −SAR 16.2m | −SAR 6.1m | −SAR 36.3m | −SAR 10.1m | −SAR 10.5m | −SAR 7.8m | −SAR 55.5m | −SAR 12.8m |
| Diluted earnings per share | -1.07 | -0.40 | -2.40 | -0.67 | -0.70 | -0.52 | -7.59 | -1.74 |
| Cash from operations | −SAR 1.0m | −SAR 4.0m | −SAR 5.0m | SAR 1.0m | −SAR 1.0m | SAR 6.0m | SAR 2.0m | SAR 2.0m |
| Capital spending | — | — | — | — | — | −SAR 1.0m | −SAR 1.0m | — |
| Free cash flow | — | — | — | — | — | SAR 5.0m | SAR 1.0m | — |
| Total assets | SAR 105.6m | SAR 127.7m | SAR 136.5m | SAR 171.2m | SAR 185.9m | SAR 197.5m | SAR 196.4m | SAR 246.2m |
| Cash and short-term investments | — | — | — | SAR 1.7m | SAR 994,815 | SAR 5.2m | SAR 1.2m | SAR 2.9m |
| Debt | — | — | — | SAR 13.1m | SAR 14.7m | SAR 14.9m | SAR 26.0m | SAR 14.8m |
| Shareholders' equity | −SAR 5.2m | SAR 11.0m | SAR 17.1m | SAR 52.5m | SAR 62.6m | SAR 73.1m | SAR 81.0m | SAR 136.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.5% | -2.2% | -9.6% |
| Operating income | 59.7% | 12.2% | — |
| Net income | 38.0% | -11.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -3.8% | 0.9% | -1.5% | 11.2% |
| Operating margin | -47.5% | -27.5% | -26.6% | -0.5% |
| Net margin | -51.2% | -31.9% | -40.7% | -9.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -5.6 | -4.7 | -13.8 | -13.4 | -236.9 | -7.4 | -96.5 |
| Price to sales | 3.2 | 2.2 | 2.4 | 2.1 | 76.2 | 6.7 | 2.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 27 Jun 2018.
| FY2018 | |
|---|---|
| Paid in the year | 2.308 |
- 100-to-46.26 reverse split · 3 Nov 2025
- 100-to-46.84 reverse split · 6 Oct 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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