Board Change • May 20
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. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • May 11
National Drilling Company, Annual General Meeting, Jun 04, 2026 National Drilling Company, Annual General Meeting, Jun 04, 2026, at 16:00 Egypt Standard Time. Location: giza Egypt Board Change • May 14
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. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • May 08
National Drilling Company, Annual General Meeting, May 29, 2025 National Drilling Company, Annual General Meeting, May 29, 2025, at 16:00 Egypt Standard Time. Location: giza Egypt Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: US$0.085 (vs US$0.60 in 2Q 2023) Second quarter 2024 results: EPS: US$0.085 (down from US$0.60 in 2Q 2023). Revenue: US$2.80m (down 59% from 2Q 2023). Net income: US$424.3k (down 86% from 2Q 2023). Profit margin: 15% (down from 44% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. New Risk • Mar 21
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% 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 (22% accrual ratio). Minor Risk Market cap is less than US$100m (US$23.5m market cap). Reported Earnings • Mar 14
Full year 2023 earnings released: EPS: US$0.97 (vs US$2.34 in FY 2022) Full year 2023 results: EPS: US$0.97. Revenue: US$17.8m (down 33% from FY 2022). Net income: US$11.7m (up 141% from FY 2022). Profit margin: 66% (up from 18% in FY 2022). The increase in margin was driven by lower expenses. New Risk • Jun 08
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2022. 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 Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Market cap is less than US$100m (US$23.5m market cap). 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. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . 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 • 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. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . 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 21
Third quarter 2021 earnings released: US$0.13 loss per share (vs US$0.11 loss in 3Q 2020) Third quarter 2021 results: Net loss: US$665.8k (loss widened 21% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 21
Second quarter 2021 earnings released: US$0.075 loss per share (vs US$0.26 profit in 2Q 2020) Second quarter 2021 results: Net loss: US$390.2k (down 130% from profit in 2Q 2020). Reported Earnings • Jun 11
First quarter 2021 earnings released: US$0.065 loss per share (vs US$0.046 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: US$596.4k (down 63% from 1Q 2020). Net loss: US$325.7k (loss widened 41% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 04
Full year 2020 earnings released: EPS US$0.035 (vs US$0.20 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$6.93m (up 35% from FY 2019). Net income: US$175.4k (up US$1.16m from FY 2019). Profit margin: 2.5% (up from net loss in FY 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Mar 20
Verto Holding acquired 90% stake in National Drilling Company (CASE:NDRL) from Ahmed Rashad Mohamed Rashad, Ahmed Rashad and Sherif Ahmed Rashad for approximately EGP 330 million. Verto Holding acquired 90% stake in National Drilling Company (CASE:NDRL) from Ahmed Rashad Mohamed Rashad, Ahmed Rashad and Sherif Ahmed Rashad for approximately EGP 330 million ($21.1 million) on March 18, 2021. Verto Holding purchased 4.5 million shares worth $21.1 million (EGP 331.84 million), raising its stake to 90%. Ahmed Rashad Mohamed Rashad sold his entire stake of 89% while Ahmed Rashad and Sherif Ahmed Rashad sold their entire stakes of 0.005% each in National Drilling Company.
Verto Holding completed the acquisition of 90% stake in National Drilling Company (CASE:NDRL) from Ahmed Rashad Mohamed Rashad, Ahmed Rashad and Sherif Ahmed Rashad on March 18, 2021. Reported Earnings • Dec 05
Third quarter 2020 earnings released: US$0.11 loss per share The company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: US$1.53m (up 140% from 3Q 2019). Net loss: US$549.5k (loss narrowed 31% from 3Q 2019). Is New 90 Day High Low • Sep 21
New 90-day low: US$4.69 The company is down 5.0% from its price of US$4.96 on 23 June 2020. The Egyptian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is down 3.0% over the same period.