Declared Dividend • May 02
Dividend of ر.ع0.002 announced Dividend of ر.ع0.002 is the same as last year. Ex-date: 2nd June 2026 Payment date: 1st January 1970 Dividend yield will be 3.5%, which is lower than the industry average of 10%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 64% to shift the payout ratio to a potentially unsustainable range, which is more than the 1.5% EPS decline seen over the last 5 years. Announcement • May 02
Al Suwadi Power Company SAOG to Report Q1, 2026 Results on Apr 29, 2026 Al Suwadi Power Company SAOG announced that they will report Q1, 2026 results on Apr 29, 2026 Reported Earnings • Apr 15
First quarter 2026 earnings released: ر.ع0.038 loss per share (vs ر.ع0.002 loss in 1Q 2025) First quarter 2026 results: ر.ع0.038 loss per share (further deteriorated from ر.ع0.002 loss in 1Q 2025). Revenue: ر.ع15.3m (down 4.0% from 1Q 2025). Net loss: ر.ع26.8m (loss widened ر.ع25.7m from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 86% per year, which means it is well ahead of earnings. New Risk • Apr 01
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 Omani stocks, typically moving 6.0% 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. This is currently the only risk that has been identified for the company. Announcement • Feb 27
Al Suwadi Power Company SAOG Proposes to Distribute Cash Dividends to the Shareholders of the Company in June 2026 and December 2026 Al Suwadi Power Company SAOG proposed to authorize the Board of Directors' to determine and distribute cash dividends to the Shareholders of the Company in June 2026 and December 2026, out of the retained earnings as per the audited financial statements for the financial year ended 31 December 2025, provided that the aggregate amount shall not exceed 7.5 Baizas per share. Reported Earnings • Feb 21
Full year 2025 earnings released: EPS: ر.ع0.023 (vs ر.ع0.02 in FY 2024) Full year 2025 results: EPS: ر.ع0.023 (up from ر.ع0.02 in FY 2024). Revenue: ر.ع90.1m (up 4.1% from FY 2024). Net income: ر.ع16.3m (up 12% from FY 2024). Profit margin: 18% (up from 17% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 74% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 17
Al Suwadi Power Company SAOG, Annual General Meeting, Mar 24, 2026 Al Suwadi Power Company SAOG, Annual General Meeting, Mar 24, 2026. Reported Earnings • Jan 17
Full year 2025 earnings released: EPS: ر.ع0.023 (vs ر.ع0.02 in FY 2024) Full year 2025 results: EPS: ر.ع0.023 (up from ر.ع0.02 in FY 2024). Revenue: ر.ع89.3m (up 3.2% from FY 2024). Net income: ر.ع16.3m (up 12% from FY 2024). Profit margin: 18% (up from 17% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 77% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Dec 08
Less than half of directors are independent There are 7 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: 3 independent directors. 8 non-independent directors. Independent Director Anwar Said Hosni was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • May 28
Less than half of directors are independent 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: 5 independent directors. 6 non-independent directors. Independent Director Anwar Said Hosni was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • May 13
Al Suwadi Power Company SAOG Approves the Appointment of Hitoshi Suzuki as A Temporary Director on the Board On 11th May 2025, the Board of Directors of Al Suwadi Power Company SAOG approved the appointment of Mr. Hitoshi Suzuki as a temporary Director on the Board, replacing Mr. Kazumasa Fujita, who resigned on May 3, 2025. Mr. Hitoshi Suzuki has over 30 years of international and cross-functional experience in the energy, infrastructure, and investment sectors. He holds a B.A. in Law. Declared Dividend • Apr 26
Dividend reduced to ر.ع0.002 Dividend of ر.ع0.002 is 56% lower than last year. Ex-date: 2nd June 2025 Payment date: 1st January 1970 Dividend yield will be 16%, which is higher than the industry average of 10%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 7.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Apr 25
Al Suwadi Power Company SAOG announces Annual dividend Al Suwadi Power Company SAOG announced Annual dividend of OMR 0.0020 per share, ex-date on June 02, 2025 and record date on June 01, 2025. Buy Or Sell Opportunity • Apr 23
Now 21% undervalued Over the last 90 days, the stock has risen 4.5% to ر.ع0.069. The fair value is estimated to be ر.ع0.087, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 8.4%. Board Change • Apr 17
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Anas Al Wahabi 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 • Apr 16
First quarter 2025 earnings released: ر.ع0.002 loss per share (vs ر.ع0.002 loss in 1Q 2024) First quarter 2025 results: ر.ع0.002 loss per share (in line with 1Q 2024). Revenue: ر.ع15.8m (up 4.2% from 1Q 2024). Net loss: ر.ع1.11m (loss narrowed 14% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 12% per year. Announcement • Feb 21
Al Suwadi Power Company SAOG Proposes to Distribute Cash Dividends to the Shareholders of the Company in June 2025 and December 2025 Al Suwadi Power Company SAOG at its Annual General Meeting to be held on March 13, 2025, proposed to authorize the Board of Directors' to determine and distribute cash dividends to the Shareholders of the Company in June 2025 and December 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 7.5 Baizas per share. Reported Earnings • Oct 11
Third quarter 2024 earnings released: EPS: ر.ع0.013 (vs ر.ع0.012 in 3Q 2023) Third quarter 2024 results: EPS: ر.ع0.013 (up from ر.ع0.012 in 3Q 2023). Revenue: ر.ع28.0m (flat on 3Q 2023). Net income: ر.ع9.00m (flat on 3Q 2023). Profit margin: 32% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 14% per year. Buy Or Sell Opportunity • Jul 21
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.6% to ر.ع0.074. The fair value is estimated to be ر.ع0.093, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 11%. Reported Earnings • Jul 13
Second quarter 2024 earnings released: EPS: ر.ع0.013 (vs ر.ع0.012 in 2Q 2023) Second quarter 2024 results: EPS: ر.ع0.013 (up from ر.ع0.012 in 2Q 2023). Revenue: ر.ع28.0m (flat on 2Q 2023). Net income: ر.ع8.98m (up 4.0% from 2Q 2023). Profit margin: 32% (up from 31% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 12% per year. Buy Or Sell Opportunity • Jun 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.1% to ر.ع0.075. The fair value is estimated to be ر.ع0.095, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 11%. Board Change • Mar 07
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Kazumasa Fujita was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 21
Full year 2023 earnings released: EPS: ر.ع0.02 (vs ر.ع0.018 in FY 2022) Full year 2023 results: EPS: ر.ع0.02 (up from ر.ع0.018 in FY 2022). Revenue: ر.ع84.6m (flat on FY 2022). Net income: ر.ع14.5m (up 13% from FY 2022). Profit margin: 17% (up from 15% in FY 2022). Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 6% per year. Reported Earnings • Jan 16
Full year 2023 earnings released: EPS: ر.ع0.02 (vs ر.ع0.018 in FY 2022) Full year 2023 results: EPS: ر.ع0.02 (up from ر.ع0.018 in FY 2022). Revenue: ر.ع84.1m (flat on FY 2022). Net income: ر.ع14.5m (up 13% from FY 2022). Profit margin: 17% (up from 15% in FY 2022). 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. New Risk • Jul 27
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 Omani stocks, typically moving 5.0% 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: Minor Risks High level of debt (85% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.0% average weekly change). Market cap is less than US$100m (ر.ع20.0m market cap, or US$51.9m). Board Change • Jun 28
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Kazumasa Fujita was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 01
First quarter 2023 earnings released: ر.ع0.002 loss per share (vs ر.ع0.003 loss in 1Q 2022) First quarter 2023 results: ر.ع0.002 loss per share (improved from ر.ع0.003 loss in 1Q 2022). Revenue: ر.ع12.9m (up 7.3% from 1Q 2022). Net loss: ر.ع1.67m (loss narrowed 15% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Reported Earnings • Jan 16
Full year 2022 earnings released: EPS: ر.ع0.018 (vs ر.ع0.016 in FY 2021) Full year 2022 results: EPS: ر.ع0.018 (up from ر.ع0.016 in FY 2021). Revenue: ر.ع83.7m (up 1.5% from FY 2021). Net income: ر.ع12.9m (up 14% from FY 2021). Profit margin: 15% (up from 14% in FY 2021). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Anwar Said Hosni was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 31
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: ر.ع28.5m (up 7.5% from 2Q 2021). Net income: ر.ع8.34m (up 4.7% from 2Q 2021). Profit margin: 29% (in line with 2Q 2021). Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Anwar Said Hosni was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 19
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Anwar Said Hosni was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Executive Departure • Sep 21
Non Independent & Nominee Director Yoshitetsu Fujisawa has left the company On the 14th of September, Yoshitetsu Fujisawa's tenure as Non Independent & Nominee Director ended after 2.0 years in the role. We don't have any record of a personal shareholding under Yoshitetsu's name. Yoshitetsu is the only executive to leave the company over the last 12 months. Reported Earnings • Jul 14
Second quarter 2021 earnings released The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: ر.ع26.5m (up 2.6% from 2Q 2020). Net income: ر.ع7.97m (up 4.9% from 2Q 2020). Profit margin: 30% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 17
First quarter 2021 earnings released The company reported a solid first quarter result with improved revenues and control over costs, although losses increased. First quarter 2021 results: Revenue: ر.ع13.8m (up 25% from 1Q 2020). Net loss: ر.ع2.44m (loss widened 11% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 15
Third quarter earnings released Over the last 12 months the company has reported total profits of ر.ع10.3m, up 2.6% from the prior year. Total revenue was ر.ع73.9m over the last 12 months, down 4.8% from the prior year.