Declared Dividend • Apr 01
Dividend of د.أ0.17 announced Shareholders will receive a dividend of د.أ0.17. Ex-date: 21st April 2026 Payment date: 1st January 1970 Dividend yield will be 3.1%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (47% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 3.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Board Change • Mar 30
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. 10 experienced directors. 1 highly experienced director. No independent directors (11 non-independent directors). Chairman of the Board of Directors Samir Ibrahim Al-Mubaideen was the last director to join the board, commencing their role in 2023. 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 02
Third quarter 2025 earnings released: EPS: د.أ0.30 (vs د.أ0.086 in 3Q 2024) Third quarter 2025 results: EPS: د.أ0.30 (up from د.أ0.086 in 3Q 2024). Revenue: د.أ94.4m (up 9.8% from 3Q 2024). Net income: د.أ8.01m (up 244% from 3Q 2024). Profit margin: 8.5% (up from 2.7% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. New Risk • Aug 02
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risks High level of debt (167% net debt to equity). Paying a dividend despite having no free cash flows. Reported Earnings • Aug 02
Second quarter 2025 earnings released: EPS: د.أ0.041 (vs د.أ0.04 in 2Q 2024) Second quarter 2025 results: EPS: د.أ0.041. Revenue: د.أ72.2m (up 1.2% from 2Q 2024). Net income: د.أ1.09m (flat on 2Q 2024). Profit margin: 1.5% (in line with 2Q 2024). New Risk • May 08
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Dividend per share is over 5x earnings per share. The company is paying a dividend despite having no free cash flows. Dividend yield: 5.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 5x earnings per share. Paying a dividend despite having no free cash flows. Minor Risk High level of debt (130% net debt to equity). Reported Earnings • May 04
First quarter 2025 earnings released: د.أ0.028 loss per share (vs د.أ0.013 loss in 1Q 2024) First quarter 2025 results: د.أ0.028 loss per share (further deteriorated from د.أ0.013 loss in 1Q 2024). Revenue: د.أ76.9m (up 6.5% from 1Q 2024). Net loss: د.أ591.2k (loss widened 114% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Board Change • Apr 03
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. 1 highly experienced director. No independent directors (11 non-independent directors). Chairman of the Board of Directors Samir Ibrahim Al-Mubaideen was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. 공시 • Mar 29
Irbid District Electricity Co. Ltd. announces Annual dividend Irbid District Electricity Co. Ltd. announced Annual dividend of JOD 0.3452 per share, ex-date on April 21, 2025 and record date on April 20, 2025. 공시 • Mar 20
Irbid District Electricity Co. Ltd., Annual General Meeting, Apr 20, 2025 Irbid District Electricity Co. Ltd., Annual General Meeting, Apr 20, 2025. Location: amman Jordan Reported Earnings • Feb 19
Full year 2024 earnings released: EPS: د.أ0.48 (vs د.أ0.44 in FY 2023) Full year 2024 results: EPS: د.أ0.48 (up from د.أ0.44 in FY 2023). Revenue: د.أ307.3m (up 8.5% from FY 2023). Net income: د.أ10.1m (up 9.6% from FY 2023). Profit margin: 3.3% (in line with FY 2023). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Reported Earnings • Nov 03
Third quarter 2024 earnings released: EPS: د.أ0.11 (vs د.أ0.29 in 3Q 2023) Third quarter 2024 results: EPS: د.أ0.11 (down from د.أ0.29 in 3Q 2023). Revenue: د.أ86.0m (up 4.5% from 3Q 2023). Net income: د.أ2.33m (down 63% from 3Q 2023). Profit margin: 2.7% (down from 7.5% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Reported Earnings • May 02
First quarter 2024 earnings released: د.أ0.02 loss per share (vs د.أ0.17 profit in 1Q 2023) First quarter 2024 results: د.أ0.02 loss per share (down from د.أ0.17 profit in 1Q 2023). Revenue: د.أ72.2m (up 3.8% from 1Q 2023). Net loss: د.أ276.0k (down 112% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Apr 03
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 2.6% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (2.6% operating cash flow to total debt). High level of non-cash earnings (69% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.3% net profit margin). Reported Earnings • Apr 03
Full year 2023 earnings released: EPS: د.أ0.66 (vs د.أ1.48 in FY 2022) Full year 2023 results: EPS: د.أ0.66 (down from د.أ1.48 in FY 2022). Revenue: د.أ283.2m (flat on FY 2022). Net income: د.أ9.21m (down 56% from FY 2022). Profit margin: 3.3% (down from 7.3% in FY 2022). Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 21% per year. Reported Earnings • Nov 03
Third quarter 2023 earnings released: EPS: د.أ0.44 (vs د.أ0.66 in 3Q 2022) Third quarter 2023 results: EPS: د.أ0.44 (down from د.أ0.66 in 3Q 2022). Revenue: د.أ82.2m (up 4.5% from 3Q 2022). Net income: د.أ6.21m (down 32% from 3Q 2022). Profit margin: 7.5% (down from 12% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: د.أ0.21 (vs د.أ0.40 in 2Q 2022) Second quarter 2023 results: EPS: د.أ0.21 (down from د.أ0.40 in 2Q 2022). Revenue: د.أ64.1m (down 2.5% from 2Q 2022). Net income: د.أ2.88m (down 48% from 2Q 2022). Profit margin: 4.5% (down from 8.5% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 30
Full year 2022 earnings released: EPS: د.أ2.07 (vs د.أ0.69 in FY 2021) Full year 2022 results: EPS: د.أ2.07 (up from د.أ0.69 in FY 2021). Revenue: د.أ282.9m (up 6.1% from FY 2021). Net income: د.أ20.7m (up 200% from FY 2021). Profit margin: 7.3% (up from 2.6% in FY 2021). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: No independent directors. 7 non-independent directors. Director Jamal Abdullah Yousuf Jasim Al-Saleem was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Reported Earnings • Nov 02
Third quarter 2022 earnings released: EPS: د.أ0.92 (vs د.أ0.57 in 3Q 2021) Third quarter 2022 results: EPS: د.أ0.92 (up from د.أ0.57 in 3Q 2021). Revenue: د.أ78.7m (up 1.4% from 3Q 2021). Net income: د.أ9.17m (up 62% from 3Q 2021). Profit margin: 12% (up from 7.3% in 3Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
No independent directors There are 9 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 9 new directors. 1 experienced director. 1 highly experienced director. No independent directors (11 non-independent directors). Vice Chairman Abdul Mulahmeh is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Is New 90 Day High Low • Feb 15
New 90-day high: د.أ9.15 The company is up 8.0% from its price of د.أ8.50 on 17 November 2020. The Jordanian market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Electric Utilities industry, which is up 6.0% over the same period.