New Risk • May 19
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -د.أ70k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-د.أ70k free cash flow). Earnings have declined by 14% per year over the past 5 years. Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (د.أ1.25m market cap, or US$1.76m). Buy Or Sell Opportunity • May 06
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.3% to د.أ0.49. The fair value is estimated to be د.أ0.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 58% over the last 3 years. Earnings per share has grown by 16%. New Risk • Apr 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 39% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 21% per year over the past 5 years. Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (د.أ1.27m market cap, or US$1.79m). 공시 • Apr 21
Jordan Industrial Resources Company, Annual General Meeting, May 14, 2026 Jordan Industrial Resources Company, Annual General Meeting, May 14, 2026. Location: amman Jordan Board Change • Apr 09
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Non-Executive Director Hossam Zahi Ammari was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 04
Third quarter 2025 earnings released Third quarter 2025 results: Net loss: د.أ11.1k (loss narrowed 82% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 17% per year. Reported Earnings • Aug 06
First half 2025 earnings released First half 2025 results: Net loss: د.أ68.5k (loss narrowed 49% from 1H 2024). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. New Risk • May 18
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -د.أ29k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-د.أ29k free cash flow). Share price has been highly volatile over the past 3 months (7.0% average weekly change). Earnings have declined by 53% per year over the past 5 years. Revenue is less than US$1m (د.أ206k revenue, or US$291k). Market cap is less than US$10m (د.أ827.3k market cap, or US$1.17m). New Risk • Apr 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -د.أ143k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-د.أ143k free cash flow). Share price has been highly volatile over the past 3 months (7.0% average weekly change). Earnings have declined by 63% per year over the past 5 years. Revenue is less than US$1m (د.أ267k revenue, or US$377k). Market cap is less than US$10m (د.أ809.3k market cap, or US$1.14m). 공시 • Apr 10
Jordan Industrial Resources Company, Annual General Meeting, Apr 30, 2025 Jordan Industrial Resources Company, Annual General Meeting, Apr 30, 2025. Location: amman Jordan Board Change • Apr 08
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Non-Executive Director Hossam Zahi Ammari was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 19
Full year 2024 earnings released: د.أ0.14 loss per share (vs د.أ2.23 loss in FY 2023) Full year 2024 results: د.أ0.14 loss per share (improved from د.أ2.23 loss in FY 2023). Net loss: د.أ246.4k (loss narrowed 94% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 31
Third quarter 2024 earnings released Third quarter 2024 results: Net loss: د.أ60.7k (loss narrowed 97% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Board Change • Oct 22
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Non-Executive Director Hossam Zahi Ammari was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 04
First quarter 2024 earnings released First quarter 2024 results: Net loss: د.أ70.4k (loss widened 6.3% from 1Q 2023). Reported Earnings • Apr 04
Full year 2023 earnings released: د.أ0.64 loss per share (vs د.أ0.051 loss in FY 2022) Full year 2023 results: د.أ0.64 loss per share (further deteriorated from د.أ0.051 loss in FY 2022). Net loss: د.أ4.01m (loss widened د.أ3.69m from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. New Risk • Feb 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Jordanian stocks, typically moving 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-د.أ565k free cash flow). Revenue is less than US$1m (د.أ324k revenue, or US$457k). Market cap is less than US$10m (د.أ1.19m market cap, or US$1.68m). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (5.3% average weekly change). New Risk • Feb 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-د.أ565k free cash flow). Revenue is less than US$1m (د.أ324k revenue, or US$457k). Market cap is less than US$10m (د.أ1.32m market cap, or US$1.86m). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Reported Earnings • Aug 02
Second quarter 2023 earnings released Second quarter 2023 results: Net loss: د.أ60.9k (loss narrowed 11% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 06
First quarter 2023 earnings released First quarter 2023 results: Net loss: د.أ66.3k (loss widened 19% from 1Q 2022). Board Change • Apr 05
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. No independent directors (5 non-independent directors). Director Faraj Al Dababineh was the last director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. No independent directors (5 non-independent directors). Director Faraj Al Dababineh was the last director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 06
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: د.أ164.3k (up 5.6% from 3Q 2021). Net loss: د.أ13.2k (loss narrowed 57% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. No independent directors (5 non-independent directors). Director Faraj Al Dababineh was the last director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Buying Opportunity • Apr 04
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 46%. The fair value is estimated to be د.أ0.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.4% over the last 3 years. Earnings per share has grown by 3.1%. Reported Earnings • Mar 28
Full year 2021 earnings released: د.أ0.026 loss per share (vs د.أ0.075 loss in FY 2020) Full year 2021 results: د.أ0.026 loss per share (up from د.أ0.075 loss in FY 2020). Net loss: د.أ162.0k (loss narrowed 66% from FY 2020). Over the last 3 years on average, earnings per share has increased by 3% per year and the company’s share price has also increased by 3% per year. Is New 90 Day High Low • Feb 17
New 90-day low: د.أ0.30 The company is down 3.0% from its price of د.أ0.31 on 19 November 2020. The Jordanian market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 60% over the same period. Is New 90 Day High Low • Nov 26
New 90-day high: د.أ0.33 The company is up 94% from its price of د.أ0.17 on 27 August 2020. The Jordanian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 7.0% over the same period. Is New 90 Day High Low • Sep 21
New 90-day high: د.أ0.21 The company is up 17% from its price of د.أ0.18 on 23 June 2020. The Jordanian market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 8.0% over the same period.