New Risk • Apr 21
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: 100% Last year net profit margin: 1,243% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (134% accrual ratio). Market cap is less than US$10m (ر.ع3.76m market cap, or US$9.76m). Minor Risk Profit margins are more than 30% lower than last year (100% net profit margin). New Risk • Apr 18
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 20% 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 (20% operating cash flow to total debt). Market cap is less than US$10m (ر.ع3.76m market cap, or US$9.76m). Announcement • Apr 13
Sohar Power Company SAOG to Report Q1, 2026 Results on Apr 15, 2026 Sohar Power Company SAOG announced that they will report Q1, 2026 results at 10:00 AM, Arabian Standard Time on Apr 15, 2026 Announcement • Feb 25
Sohar Power Company SAOG, Annual General Meeting, Mar 10, 2026 Sohar Power Company SAOG, Annual General Meeting, Mar 10, 2026, at 15:00 Arabian Standard Time. Board Change • Feb 01
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. 4 experienced directors. 1 highly experienced director. Independent Director Ezzeddine Bizri was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 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: 45% Last year net profit margin: 78% 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 Risk Market cap is less than US$10m (ر.ع3.76m market cap, or US$9.77m). Minor Risks High level of debt (229% net debt to equity). Profit margins are more than 30% lower than last year (45% net profit margin). Announcement • Jan 15
Sohar Power Company SAOG to Report Fiscal Year 2025 Results on Feb 16, 2026 Sohar Power Company SAOG announced that they will report fiscal year 2025 results on Feb 16, 2026 Announcement • Oct 07
Sohar Power Company SAOG to Report Nine Months, 2025 Results on Oct 15, 2025 Sohar Power Company SAOG announced that they will report nine months, 2025 results on Oct 15, 2025 Announcement • Jul 16
Sohar Power Company SAOG to Report First Half, 2025 Results on Jul 22, 2025 Sohar Power Company SAOG announced that they will report first half, 2025 results on Jul 22, 2025 Announcement • Jun 20
Sohar Power Company SAOG Announces Partial Outage at the Plant Sohar Power Company SAOG announced that on 25 May 2025, one of the gas turbines at the Plant suffered a forced outage. Following a trip, it led to loss of power that prevented a safe shut down of the unit, which resulted in extensive damages, especially to the bearings and some blades /vanes. In addition to the repair costs, the Company will also incur loss of revenues on account of this shutdown; the impact of which cannot be determined at this time. The repair to the Gas Turbine is ongoing and the financial impact of the event shall be intimated to the market in due course. The remaining two gas turbines remain available to the grid. Announcement • Mar 10
Sohar Power Company SAOG, Annual General Meeting, Mar 25, 2025 Sohar Power Company SAOG, Annual General Meeting, Mar 25, 2025, at 19:00 Arabian Standard Time. Announcement • Jan 15
Sohar Power Company SAOG to Report Fiscal Year 2024 Results on Feb 11, 2025 Sohar Power Company SAOG announced that they will report fiscal year 2024 results on Feb 11, 2025 New Risk • Sep 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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 (-ر.ع1.1m free cash flow). Negative equity (-ر.ع34m). Earnings have declined by 25% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (ر.ع3.76m market cap, or US$9.76m). Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). New Risk • Mar 19
New major risk - Revenue size The company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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 (-ر.ع1.1m free cash flow). Negative equity (-ر.ع34m). Earnings have declined by 25% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (ر.ع3.76m market cap, or US$9.76m). New Risk • Nov 04
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 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 Negative equity (-ر.ع31m). Earnings have declined by 46% per year over the past 5 years. Market cap is less than US$10m (ر.ع3.76m market cap, or US$9.76m). Minor Risk Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Reported Earnings • Apr 20
First quarter 2023 earnings released First quarter 2023 results: Revenue: ر.ع901.0k (down 87% from 1Q 2022). Net loss: ر.ع393.0k (down 122% from profit in 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Board Change • Feb 01
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. 7 experienced directors. 2 highly experienced directors. Non-Independent Chairman Luciano Guffanti was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Jan 12
Full year 2022 earnings released: ر.ع0.015 loss per share (vs ر.ع0.16 loss in FY 2021) Full year 2022 results: ر.ع0.015 loss per share (improved from ر.ع0.16 loss in FY 2021). Revenue: ر.ع11.4m (down 63% from FY 2021). Net loss: ر.ع3.37m (loss narrowed 90% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 28
Second quarter 2022 earnings released: EPS: ر.ع0.002 (vs ر.ع0.005 in 2Q 2021) Second quarter 2022 results: EPS: ر.ع0.002 (down from ر.ع0.005 in 2Q 2021). Revenue: ر.ع3.54m (down 51% from 2Q 2021). Net income: ر.ع428.0k (down 58% from 2Q 2021). Profit margin: 12% (down from 14% in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Announcement • Jun 09
Sohar Power Company SAOG, Annual General Meeting, Jun 22, 2022 Sohar Power Company SAOG, Annual General Meeting, Jun 22, 2022, at 11:00 Coordinated Universal Time. Location: Holiday Inn, Salwa Ballroom , Mawaleh Muscat Oman Agenda: To consider and approve the proposal to enter into a related party transaction in accordance with the information set out in the Annexure and to authorise the executive management to undertake all necessary steps to implement this transaction; and to elect one (1) new member to the board of directors to fill the vacant seat. Reported Earnings • Mar 08
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: ر.ع0.033 loss per share (down from ر.ع0.01 profit in FY 2020). Revenue: ر.ع31.0m (up 14% from FY 2020). Net loss: ر.ع7.25m (down 422% from profit in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 14
Second quarter 2021 earnings released: EPS ر.ع0.005 (vs ر.ع0.003 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: ر.ع7.00m (flat on 2Q 2020). Net income: ر.ع1.01m (up 34% from 2Q 2020). Profit margin: 14% (up from 11% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 13
First quarter 2021 earnings released: EPS ر.ع0.001 (vs ر.ع0.001 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: ر.ع6.87m (down 5.1% from 1Q 2020). Net income: ر.ع290.0k (up 148% from 1Q 2020). Profit margin: 4.2% (up from 1.6% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Announcement • Mar 09
Sohar Power Company SAOG, Annual General Meeting, Mar 25, 2021 Sohar Power Company SAOG, Annual General Meeting, Mar 25, 2021, at 11:00 Coordinated Universal Time. Agenda: To consider and approve the Board of Director's Report for the financial year ended 31 December 2020; to consider the Auditor's Report and to approve the Financial Statements (Balance Sheet and Profit and Loss Account) of the Company for the financial year ended 31 December 2020; to consider and ratify the Board and Committees' sitting fees paid during the preceding year and specify the Board and Committees sitting fees for the coming year; to consider and approve the proposal to allocate up to OMR 40,000 for Corporate Social Responsibility activities for the financial year ending 31 December 2021; to appoint the statutory auditors for the financial year ending 31 December 2021 and approve their remuneration; and to consider other things. Reported Earnings • Jan 19
Full year 2020 earnings released: EPS ر.ع0.01 The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: ر.ع27.3m (down 46% from FY 2019). Net income: ر.ع2.12m (up 84% from FY 2019). Profit margin: 7.8% (up from 2.3% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings. Announcement • Jul 17
Sohar Power Company SAOG to Report First Half, 2020 Results on Jul 23, 2020 Sohar Power Company SAOG announced that they will report first half, 2020 results on Jul 23, 2020 
