New Risk • Apr 12
New major risk - Revenue and earnings growth Earnings have declined by 3.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.7% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (ر.س74.7m market cap, or US$19.9m). Reported Earnings • Apr 12
Full year 2025 earnings released: EPS: ر.س1.12 (vs ر.س2.11 in FY 2024) Full year 2025 results: EPS: ر.س1.12 (down from ر.س2.11 in FY 2024). Revenue: ر.س54.9m (down 60% from FY 2024). Net income: ر.س3.37m (down 47% from FY 2024). Profit margin: 6.1% (up from 4.6% in FY 2024). The increase in margin was driven by lower expenses. New Risk • Mar 21
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (ر.س77.6m market cap, or US$20.7m). Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment deteriorates as stock falls 33% After last week's 33% share price decline to ر.س31.04, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 17x in the Logistics industry in Asia. Total loss to shareholders of 50% over the past year. New Risk • Oct 13
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. 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: Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (ر.س91.0m market cap, or US$24.3m). New Risk • Sep 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Saudi stocks, typically moving 8.0% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.0% average weekly change). Minor Risk Market cap is less than US$100m (ر.س95.8m market cap, or US$25.5m). Upcoming Dividend • Sep 14
Upcoming dividend of ر.س0.75 per share Eligible shareholders must have bought the stock before 21 September 2025. Payment date: 28 September 2025. Trailing yield: 1.7%. Lower than top quartile of Saudi dividend payers (5.7%). Lower than average of industry peers (2.5%). Announcement • Jul 08
Munawla Cargo Co. Ltd. Announces Board Appointments, Effective July 05, 2025 Munawla Cargo Co. Ltd. at its AGM held on June 26, 2025, appointed Mr. Abdulrahman Hamad Abdullah Al-Zoman as (Member from outside the Board) (Chairman of the Committee). Date of membership commencement: July 05, 2025. He held several positions, including: at the Ministry of Finance for two years, and 26 years at SABIC, where he held positions in several financial, accounting, zakat, and tax departments. He was also Director of the International Transport and Shipping Company and Director of Global Corporate Control. Mr. /Mohammed Abdulaziz Mohammed Alhamoudi – (Member from outside the council) (Committee member)- Date of membership start: July 05, 2025- A brief overview of the appointed member's resume:He has held several positions, including: Director of Finance at the Arab Center for Security Studies and Training, then moved to SABIC where he held various positions as Collection Manager, Control Manager, Customer Service Manager, and led several projects before moving to Al-Khreeji Industrial Company as Finance Manager. Mr. /Abdullah Abdulrahman Abdullah Al Sheikh – (Member from outside the council) (Committee member) - Date of membership start: July 05, 2025 - A brief summary of the appointed member's biography: He holds a bachelor's degree in accounting from King Saud University and a master's degree in business and accounting from the University of Aberdeen, United Kingdom. He has held several positions, including: Ministry of Finance and National Economy (Chief Auditor and Financial Controller) and worked at Al-Maktab Company as Assistant General Manager for Financial and Administrative Affairs, Financial Manager, Executive Director of Internal Audit, General Manager of Financial Control, Internal Audit, Budgeting, and Planning in the King Fahd National Guard Hospital Program, Head of Internal Audit at Tadawul, Financial Manager at King Faisal Specialist Hospital and Research Center, Financial Manager at Saudi Medical Care Group, and Financial Manager at the Abdullah bin Abdulaziz Al Rajhi Endowment. New Risk • Jul 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Saudi stocks, typically moving 8.3% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2022 fiscal period end). Share price has been highly volatile over the past 3 months (8.3% average weekly change). Minor Risk Market cap is less than US$100m (ر.س111.5m market cap, or US$29.7m). Announcement • Jun 04
Munawla Cargo Co. Ltd., Annual General Meeting, Jun 26, 2025 Munawla Cargo Co. Ltd., Annual General Meeting, Jun 26, 2025, at 18:30 Arab Standard Time. Location: dammam Saudi Arabia New Risk • May 13
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 Saudi stocks, typically moving 6.5% 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: Major Risks Latest financial reports are more than 1 year old (reported December 2021 fiscal period end). High level of non-cash earnings (39% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (ر.س117.4m market cap, or US$31.3m). Announcement • Apr 04
Munawla Cargo Co. Announces Resignation Audit Committee Members Munawla Company announced the acceptance of the resignation of the Chairman of the Audit Committee /Walid Khaled Al-Eidan, (an independent member from outside the Board of Directors), the member /Ibrahim Abdullah Al-qusaiyr, (an independent member from outside the Board of Directors), and the member /Abdul Majeed Bin Hassan (an independent member from outside the Board of Directors), who submitted their resignation from the membership of the Audit Committee as of 01-10-1446 AH corresponding to March 31, 2025 AD, for the following reasons: Failure to implement some of the committee’s recommendations. New Risk • Dec 08
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 Saudi stocks, typically moving 5.8% 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: Major Risks Latest financial reports are more than 1 year old (reported December 2021 fiscal period end). High level of non-cash earnings (39% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Market cap is less than US$100m (ر.س141.4m market cap, or US$37.7m). Announcement • Jun 08
Munawla Cargo Co. Ltd., Annual General Meeting, Jun 27, 2024 Munawla Cargo Co. Ltd., Annual General Meeting, Jun 27, 2024, at 20:30 Arab Standard Time. Location: dammam Saudi Arabia 
