Saudi Basic Industries Full Year 2024 Earnings: EPS Misses Expectations

Saudi Basic Industries (TADAWUL:2010) Full Year 2024 Results

Key Financial Results

• Revenue: ر.س140.0b (down 1.1% from FY 2023).
• Net income: ر.س2.10b (up 61% from FY 2023).
• Profit margin: 1.5% (up from 0.9% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: ر.س0.69 (up from ر.س0.43 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Saudi Basic Industries EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 69%.

Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Chemicals industry in Saudi Arabia.

Performance of the Saudi Chemicals industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Be aware that Saudi Basic Industries is showing 1 warning sign in our investment analysis that you should know about...

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