New Risk • Jun 08
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ر.س375.2m (US$99.9m) This is considered a minor risk. Companies with a small market capitalization 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 Risk Earnings have declined by 73% per year over the past 5 years. Minor Risk Market cap is less than US$100m (ر.س375.2m market cap, or US$99.9m). Reported Earnings • May 17
First quarter 2026 earnings released: ر.س0.06 loss per share (vs ر.س0.022 loss in 1Q 2025) First quarter 2026 results: ر.س0.06 loss per share (further deteriorated from ر.س0.022 loss in 1Q 2025). Revenue: ر.س28.1m (down 46% from 1Q 2025). Net loss: ر.س13.8m (loss widened 174% from 1Q 2025). 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. Announcement • Apr 14
Al Kathiri Holding Company, Annual General Meeting, May 07, 2026 Al Kathiri Holding Company, Annual General Meeting, May 07, 2026, at 20:00 Arab Standard Time. Location: riyadh Saudi Arabia Reported Earnings • Apr 10
Full year 2025 earnings released: ر.س0.18 loss per share (vs ر.س0.084 loss in FY 2024) Full year 2025 results: ر.س0.18 loss per share (further deteriorated from ر.س0.084 loss in FY 2024). Revenue: ر.س274.0m (up 49% from FY 2024). Net loss: ر.س40.8m (loss widened 115% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 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. 4 experienced directors. No highly experienced directors. Chairman of Board of Directors Khaled Bin Abdul Mohsen Abdul Al-Khayyal was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Nov 14
Third quarter 2025 earnings released: ر.س0.002 loss per share (vs ر.س0.007 profit in 3Q 2024) Third quarter 2025 results: ر.س0.002 loss per share (down from ر.س0.007 profit in 3Q 2024). Revenue: ر.س75.0m (up 37% from 3Q 2024). Net loss: ر.س454.0k (down 129% from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 16
Second quarter 2025 earnings released: ر.س0.011 loss per share (vs ر.س0.001 profit in 2Q 2024) Second quarter 2025 results: ر.س0.011 loss per share (down from ر.س0.001 profit in 2Q 2024). Revenue: ر.س71.4m (up 68% from 2Q 2024). Net loss: ر.س2.56m (down ر.س2.80m from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Reported Earnings • May 21
First quarter 2025 earnings released: ر.س0.02 loss per share (vs ر.س0.001 profit in 1Q 2024) First quarter 2025 results: ر.س0.02 loss per share (down from ر.س0.001 profit in 1Q 2024). Revenue: ر.س51.8m (up 14% from 1Q 2024). Net loss: ر.س5.04m (down ر.س5.28m from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Announcement • Apr 24
Al Kathiri Holding Company, Annual General Meeting, May 15, 2025 Al Kathiri Holding Company, Annual General Meeting, May 15, 2025, at 19:30 Arab Standard Time. Location: riyadh Saudi Arabia Reported Earnings • Apr 09
Full year 2024 earnings released: ر.س0.08 loss per share (vs ر.س0.018 loss in FY 2023) Full year 2024 results: ر.س0.08 loss per share (further deteriorated from ر.س0.018 loss in FY 2023). Revenue: ر.س183.9m (up 42% from FY 2023). Net loss: ر.س19.0m (loss widened 359% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 12
Third quarter 2024 earnings released: EPS: ر.س0.007 (vs ر.س0.005 in 3Q 2023) Third quarter 2024 results: EPS: ر.س0.007 (up from ر.س0.005 in 3Q 2023). Revenue: ر.س54.7m (up 82% from 3Q 2023). Net income: ر.س1.55m (up 51% from 3Q 2023). Profit margin: 2.8% (down from 3.4% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 11
Second quarter 2024 earnings released: EPS: ر.س0.001 (vs ر.س0.003 in 2Q 2023) Second quarter 2024 results: EPS: ر.س0.001 (down from ر.س0.003 in 2Q 2023). Revenue: ر.س42.5m (up 30% from 2Q 2023). Net income: ر.س238.0k (down 63% from 2Q 2023). Profit margin: 0.6% (down from 2.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. Reported Earnings • May 21
First quarter 2024 earnings released: EPS: ر.س0.001 (vs ر.س0.007 in 1Q 2023) First quarter 2024 results: EPS: ر.س0.001 (down from ر.س0.007 in 1Q 2023). Revenue: ر.س45.6m (up 42% from 1Q 2023). Net income: ر.س242.0k (down 85% from 1Q 2023). Profit margin: 0.5% (down from 4.9% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • May 05
Al Kathiri Holding Company, Annual General Meeting, May 26, 2024 Al Kathiri Holding Company, Annual General Meeting, May 26, 2024, at 15:30 Coordinated Universal Time. Agenda: To Review and discuss the Board of Directors Annual Report for the fiscal year ended on Dec. 31, 2023; to review and discuss the Company's Financial Statements for the fiscal year ended on Dec. 31, 2023; to consider voting on the External Auditors Report for the fiscal year ended Dec. 31, 2023; and to consider other matters. New Risk • Apr 08
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.5x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.5x net interest cover). Earnings have declined by 28% per year over the past 5 years. Reported Earnings • Apr 03
Full year 2023 earnings released: ر.س0.02 loss per share (vs ر.س0.008 profit in FY 2022) Full year 2023 results: ر.س0.02 loss per share (down from ر.س0.008 profit in FY 2022). Revenue: ر.س129.2m (flat on FY 2022). Net loss: ر.س4.14m (down 342% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ر.س2.74, the stock trades at a trailing P/E ratio of 69.7x. Average trailing P/E is 27x in the Basic Materials industry in Saudi Arabia. Total loss to shareholders of 30% over the past three years. Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: ر.س0.005 (vs ر.س0.007 in 3Q 2022) Third quarter 2023 results: EPS: ر.س0.005 (down from ر.س0.007 in 3Q 2022). Revenue: ر.س30.0m (down 7.8% from 3Q 2022). Net income: ر.س1.03m (down 35% from 3Q 2022). Profit margin: 3.4% (down from 4.9% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. New Risk • Aug 17
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. 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 (currently running at an operating cash loss). Earnings have declined by 25% per year over the past 5 years. Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: ر.س0.003 (vs ر.س0.015 loss in 2Q 2022) Second quarter 2023 results: EPS: ر.س0.003 (up from ر.س0.015 loss in 2Q 2022). Revenue: ر.س32.7m (up 58% from 2Q 2022). Net income: ر.س666.0k (up ر.س4.13m from 2Q 2022). Profit margin: 2.0% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Board Change • May 13
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Chairman of Board of Directors Khaled Bin Abdul Mohsen Abdul Al-Khayyal was the last director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment deteriorates as stock falls 94% After last week's 94% share price decline to ر.س3.81, the stock trades at a trailing P/E ratio of 25.2x. Average trailing P/E is 26x in the Basic Materials industry in Saudi Arabia. Total loss to shareholders of 90% over the past three years. Reported Earnings • Mar 23
Full year 2022 earnings released: EPS: ر.س0.15 (vs ر.س0.77 in FY 2021) Full year 2022 results: EPS: ر.س0.15 (down from ر.س0.77 in FY 2021). Revenue: ر.س129.4m (flat on FY 2021). Net income: ر.س1.71m (down 80% from FY 2021). Profit margin: 1.3% (down from 6.7% in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 02
Third quarter 2022 earnings released: EPS: ر.س0.14 (vs ر.س0.40 in 3Q 2021) Third quarter 2022 results: EPS: ر.س0.14 (down from ر.س0.40 in 3Q 2021). Revenue: ر.س32.6m (down 22% from 3Q 2021). Net income: ر.س1.62m (down 64% from 3Q 2021). Profit margin: 5.0% (down from 11% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 19
Second quarter 2022 earnings released: ر.س0.31 loss per share (vs ر.س0.27 profit in 2Q 2021) Second quarter 2022 results: ر.س0.31 loss per share (down from ر.س0.27 profit in 2Q 2021). Revenue: ر.س20.7m (down 48% from 2Q 2021). Net loss: ر.س3.47m (down 213% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Reported Earnings • May 22
First quarter 2022 earnings released: ر.س0.18 loss per share (vs ر.س0.37 profit in 1Q 2021) First quarter 2022 results: ر.س0.18 loss per share (down from ر.س0.37 profit in 1Q 2021). Revenue: ر.س25.3m (down 28% from 1Q 2021). Net loss: ر.س2.06m (down 149% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Reported Earnings • Mar 15
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ر.س0.77 (down from ر.س1.48 in FY 2020). Revenue: ر.س128.8m (up 23% from FY 2020). Net income: ر.س8.67m (down 10% from FY 2020). Profit margin: 6.7% (down from 9.2% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improved over the past week After last week's 16% share price gain to ر.س72.80, the stock trades at a trailing P/E ratio of 50.1x. Average trailing P/E is 20x in the Basic Materials industry in Saudi Arabia. Total returns to shareholders of 332% over the past three years. Reported Earnings • Nov 10
Third quarter 2021 earnings released: EPS ر.س0.40 (vs ر.س0.47 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: ر.س41.5m (up 56% from 3Q 2020). Net income: ر.س4.49m (up 70% from 3Q 2020). Profit margin: 11% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Reported Earnings • Aug 21
Second quarter 2021 earnings released: EPS ر.س0.28 (vs ر.س0.23 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ر.س40.2m (up 164% from 2Q 2020). Net income: ر.س3.10m (up ر.س4.40m from 2Q 2020). Profit margin: 7.7% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 44% per year, which means it is well ahead of earnings. Reported Earnings • May 24
First quarter 2021 earnings released: EPS ر.س0.46 (vs ر.س0.80 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: ر.س35.2m (up 38% from 1Q 2020). Net income: ر.س4.20m (up 16% from 1Q 2020). Profit margin: 12% (down from 14% in 1Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Mar 18
Full year 2020 earnings released: EPS ر.س2.14 (vs ر.س3.74 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: ر.س104.4m (up 17% from FY 2019). Net income: ر.س9.66m (down 40% from FY 2019). Profit margin: 9.2% (down from 18% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 58% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 22
New 90-day high: ر.س115 The company is up 23% from its price of ر.س92.80 on 24 November 2020. The Saudi market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 17% over the same period. Is New 90 Day High Low • Feb 01
New 90-day high: ر.س104 The company is up 21% from its price of ر.س86.00 on 03 November 2020. The Saudi market is up 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Basic Materials industry, which is up 26% over the same period. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improved over the past week After last week's 18% share price gain to ر.س104, the stock is trading at a trailing P/E ratio of 50.7x, up from the previous P/E ratio of 42.9x. This compares to an average P/E of 21x in the Basic Materials industry in Saudi Arabia. Total returns to shareholders over the past three years are 648%. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS ر.س0.58 The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: ر.س26.6m (up 47% from 3Q 2019). Net income: ر.س2.64m (down 36% from 3Q 2019). Profit margin: 9.9% (down from 23% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 78% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 30
Market pulls back on stock over the past week After last week's 20% share price decline to ر.س79.90, the stock is trading at a trailing P/E ratio of 33.5x, down from the previous P/E ratio of 41.8x. This compares to an average P/E of 18x in the Basic Materials industry in Saudi Arabia. Total returns to shareholders over the past three years are 901%. Is New 90 Day High Low • Oct 05
New 90-day high: ر.س169 The company is up 73% from its price of ر.س97.80 on 07 July 2020. The Saudi market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 18% over the same period. Announcement • Sep 21
Al Kathiri Holding Company Announces Board and Committee Changes Al Kathiri Holding Company announced the decision of the Board of Directors to pass by accepting the resignation of Mr. Mahmoud Hanfy Megely Oquel from the membership of the Audit Committee, and the Board of Directors, with effect from Sep. 19, 2020 also approved the appointment of Mr. Saud Mohammed Abdullah Al Shraim to the Audit Committee until the end of the current session of the board and submitting this to the general assembly for approval, with effect from Sep. 19, 2020. Mr. Saud Al Shuraim has managerial and practical experience as he is- He chairs the board of directors of Lynn Al-Khair Trading Company, Al-Mansa Agricultural Company.