Yanbu National Petrochemical Full Year 2024 Earnings: Misses Expectations

Yanbu National Petrochemical (TADAWUL:2290) Full Year 2024 Results

Key Financial Results

• Revenue: ر.س6.16b (up 36% from FY 2023).
• Net income: ر.س420.3m (up from ر.س485.1m loss in FY 2023).
• Profit margin: 6.8% (up from net loss in FY 2023). The move to profitability was driven by higher revenue.
• EPS: ر.س0.75 (up from ر.س0.86 loss in FY 2023).

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

Yanbu National Petrochemical Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 25%.

Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Chemicals industry in Saudi Arabia.

Performance of the Saudi Chemicals industry.

The company's shares are down 4.6% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Yanbu National Petrochemical that you should be aware of before investing here.

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