Declared Dividend • May 01
Dividend of ر.ع0.006 announced Dividend of ر.ع0.006 is the same as last year. Ex-date: 10th May 2026 Payment date: 1st January 1970 Dividend yield will be 6.8%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has not increased over the past 4 years but payments have been stable during that time. Earnings per share has grown by 16% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 14
First quarter 2026 earnings released: EPS: ر.ع0.006 (vs ر.ع0.005 in 1Q 2025) First quarter 2026 results: EPS: ر.ع0.006 (up from ر.ع0.005 in 1Q 2025). Revenue: ر.ع4.80m (up 5.1% from 1Q 2025). Net income: ر.ع461.0k (up 13% from 1Q 2025). Profit margin: 9.6% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Board Change • Feb 26
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Mungara Njoroge was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 26
Full year 2025 earnings released: EPS: ر.ع0.021 (vs ر.ع0.016 in FY 2024) Full year 2025 results: EPS: ر.ع0.021 (up from ر.ع0.016 in FY 2024). Revenue: ر.ع19.5m (down 2.1% from FY 2024). Net income: ر.ع1.60m (up 29% from FY 2024). Profit margin: 8.2% (up from 6.2% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 7% per year. Aankondiging • Feb 19
Barka Desalination Company SAOG, Annual General Meeting, Mar 29, 2026 Barka Desalination Company SAOG, Annual General Meeting, Mar 29, 2026, at 19:00 Arabian Standard Time. Reported Earnings • Jan 15
Full year 2025 earnings released: EPS: ر.ع0.021 (vs ر.ع0.016 in FY 2024) Full year 2025 results: EPS: ر.ع0.021 (up from ر.ع0.016 in FY 2024). Revenue: ر.ع19.5m (down 2.1% from FY 2024). Net income: ر.ع1.60m (up 29% from FY 2024). Profit margin: 8.2% (up from 6.2% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Aankondiging • Jan 14
Barka Desalination Company SAOG to Report Fiscal Year 2025 Results on Feb 18, 2026 Barka Desalination Company SAOG announced that they will report fiscal year 2025 results on Feb 18, 2026 Board Change • Dec 08
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Chairman Murtadha Sultan was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Jul 15
Barka Desalination Company SAOG to Report First Half, 2025 Results on Jul 23, 2025 Barka Desalination Company SAOG announced that they will report first half, 2025 results on Jul 23, 2025 Board Change • May 28
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Chairman Murtadha Sultan was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 15
First quarter 2025 earnings released: EPS: ر.ع0.005 (vs ر.ع0.002 in 1Q 2024) First quarter 2025 results: EPS: ر.ع0.005 (up from ر.ع0.002 in 1Q 2024). Revenue: ر.ع4.57m (down 9.5% from 1Q 2024). Net income: ر.ع408.0k (up 157% from 1Q 2024). Profit margin: 8.9% (up from 3.1% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 5% per year. Aankondiging • Apr 14
Barka Desalination Company SAOG to Report Q1, 2025 Results on Apr 30, 2025 Barka Desalination Company SAOG announced that they will report Q1, 2025 results on Apr 30, 2025 Aankondiging • Mar 20
Barka Desalination Company SAOG Approves the Proposal to Distribute Cash Dividends for the Financial Year Ended 31 December 2024 Barka Desalination Company SAOG at its AGM approved the proposal authorizing the Board of Directors' to determine and distribute cash dividends to the Company's Shareholders (who are registered with the MCD as of the dates to be decided by the Board of Directors) in May 2025 and November 2025 out of the retained earnings as per the audited financial statements for the financial year ended 31 December 2024, provided that the aggregate amount shall not exceed 12 Baisas per share. Board Change • Mar 06
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Chairman Murtadha Sultan was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Feb 19
Barka Desalination Company SAOG, Annual General Meeting, Mar 19, 2025 Barka Desalination Company SAOG, Annual General Meeting, Mar 19, 2025, at 15:00 Arabian Standard Time. Board Change • Nov 19
High number of new directors There are 8 new directors who have joined the board in the last 3 years. Deputy Chairman John Marshall was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Nov 01
Dividend of ر.ع0.006 announced Dividend of ر.ع0.006 is the same as last year. Ex-date: 4th November 2024 Payment date: 1st January 1970 Dividend yield will be 9.6%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is not covered by earnings (110% earnings payout ratio). However, it is well covered by cash flows (11% cash payout ratio). The dividend has not increased over the past 3 years but payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 23% to bring the payout ratio under control, which is more than the 1.8% EPS growth achieved over the last 3 years. Reported Earnings • Oct 16
Third quarter 2024 earnings released: EPS: ر.ع0.005 (vs ر.ع0.003 in 3Q 2023) Third quarter 2024 results: EPS: ر.ع0.005 (up from ر.ع0.003 in 3Q 2023). Revenue: ر.ع4.99m (down 2.8% from 3Q 2023). Net income: ر.ع356.0k (up 57% from 3Q 2023). Profit margin: 7.1% (up from 4.4% in 3Q 2023). The increase in margin was driven by lower expenses. Aankondiging • Jul 27
Barka Desalination Company SAOG Announces CEO Changes Barka Desalination Company SAOG announced Mr. Patrick Thienpont, has resigned from his position, due to the end of contract. The Company accepted his resignation, and agreed that his last working day is 31 August 2024. Also, the Company has approved the appointment of Mr. Asim Ali Salim Al Rashdi as the new CEO of the Company, as from 1st September 2024. Mr. Asim Al Rashdi has a Diploma in Process Operation Technology from International Maritime College Oman (IMCO). He has 14 years of professional experience in environmental services, currently working as contract manager for BP Khazzan Raw Water Treatment Plant, Sewage Treatment Plant & Waste Management Area plants. Part of the leading experts team in the environmental services for Veolia Oman, in the water department as well as sustainable energy. Aankondiging • Jul 26
Barka Desalination Company SAOG to Report Q2, 2024 Results on Jul 24, 2024 Barka Desalination Company SAOG announced that they will report Q2, 2024 results on Jul 24, 2024 Reported Earnings • Jul 13
Second quarter 2024 earnings released: EPS: ر.ع0.005 (vs ر.ع0.002 in 2Q 2023) Second quarter 2024 results: EPS: ر.ع0.005 (up from ر.ع0.002 in 2Q 2023). Revenue: ر.ع4.90m (down 7.2% from 2Q 2023). Net income: ر.ع362.0k (up 207% from 2Q 2023). Profit margin: 7.4% (up from 2.2% in 2Q 2023). The increase in margin was driven by lower expenses. Reported Earnings • Apr 19
First quarter 2024 earnings released: EPS: ر.ع0.002 (vs ر.ع0.004 in 1Q 2023) First quarter 2024 results: EPS: ر.ع0.002 (down from ر.ع0.004 in 1Q 2023). Revenue: ر.ع5.05m (up 13% from 1Q 2023). Net income: ر.ع159.0k (down 45% from 1Q 2023). Profit margin: 3.1% (down from 6.4% in 1Q 2023). The decrease in margin was driven by higher expenses. Aankondiging • Mar 26
Barka Desalination Company SAOG Announces Board Changes Barka Desalination Company SAOG announced that it has resolved the following at the meeting of the Board of Directors number 2/2024 held on 25th March 2024. Appointment of Mr. Murtadha Ahmed Sultan as the Chairman of the Board, Appointment of Mr. Brian Marshall as the Deputy Chairman of the Board, Appointment of Mr. Zain Ahmed Siddiqui as Board Secretary, Appointment of the members of the Audit Committee as follows: Mr. Harib Al Kitani, Mr. Brain Marshal, Ms. Yasmine Souissi, Appointment of the members of the Nomination and Remuneration Committee: Mr. Pascal Grante, Mr. Yaqoub Al Harthi, Mr. Alexander Peterson. Aankondiging • Feb 23
Barka Desalination Company SAOG, Annual General Meeting, Mar 25, 2024 Barka Desalination Company SAOG, Annual General Meeting, Mar 25, 2024. New Risk • Jan 16
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.0% Last year net profit margin: 7.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Earnings have declined by 14% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (4.0% net profit margin). Market cap is less than US$100m (ر.ع8.91m market cap, or US$23.1m). Aankondiging • Jan 16
Barka Desalination Company SAOG to Report Fiscal Year 2023 Results on Feb 21, 2024 Barka Desalination Company SAOG announced that they will report fiscal year 2023 results on Feb 21, 2024 Aankondiging • May 16
Barka Desalination Company SAOG Appoints Ya'qoub Harbi Al Harthi as Temporary Member of the Board of Directors Barka Desalination Company SAOG announced the appointment of Mr. Ya'qoub Harbi Al Harthi as a temporary member of the board of directors of the Company until the next ordinary general meeting of the Company. Mr. Ya'qoub has a bachelor's mechanical engineering from Sultan Qaboos University and Master in Mechanical engineering in Sultan Qaboos University (in Progress). Mr. Ya'qoub has more than 20 years of experience in managerial roles in the Power, Water and Energy industry, specifically in commissioning, Operation, and HSE Management. He is currently working as CEO of STOMO-Suez Tractebel O & M Oman (LLC). Reported Earnings • Apr 27
First quarter 2023 earnings released: EPS: ر.ع0.004 (vs ر.ع0.005 in 1Q 2022) First quarter 2023 results: EPS: ر.ع0.004 (down from ر.ع0.005 in 1Q 2022). Revenue: ر.ع4.48m (up 8.1% from 1Q 2022). Net income: ر.ع288.0k (down 18% from 1Q 2022). Profit margin: 6.4% (down from 8.5% in 1Q 2022). The decrease in margin was driven by higher expenses. Reported Earnings • Jan 14
Full year 2022 earnings released: EPS: ر.ع0.017 (vs ر.ع0.015 in FY 2021) Full year 2022 results: EPS: ر.ع0.017 (up from ر.ع0.015 in FY 2021). Revenue: ر.ع18.9m (up 2.8% from FY 2021). Net income: ر.ع1.28m (up 11% from FY 2021). Profit margin: 6.7% (up from 6.3% in FY 2021). The increase in margin was driven by higher revenue. Reported Earnings • Oct 30
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: ر.ع5.22m (up 4.3% from 3Q 2021). Net income: ر.ع399.0k (up ر.ع399.0k from 3Q 2021). Profit margin: 7.6% (up from 0% in 3Q 2021). Reported Earnings • Mar 18
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ر.ع0.015 (up from ر.ع0.003 in FY 2020). Revenue: ر.ع18.4m (up 5.9% from FY 2020). Net income: ر.ع1.15m (up 415% from FY 2020). Profit margin: 6.3% (up from 1.3% in FY 2020). Revenue was in line with analyst estimates. 
