Saudi Energy Company

SASE:5110 Stock Report

Market Cap: ر.س73.3b

Saudi Energy Past Earnings Performance

Past criteria checks 2/6

Saudi Energy's earnings have been declining at an average annual rate of -35.9%, while the Electric Utilities industry saw earnings growing at 6.4% annually. Revenues have been growing at an average rate of 8.6% per year. Saudi Energy's return on equity is 5.3%, and it has net margins of 4.6%.

Key information

-35.86%

Earnings growth rate

-35.86%

EPS growth rate

Electric Utilities Industry Growth7.32%
Revenue growth rate8.61%
Return on equity5.33%
Net Margin4.62%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Narrative Update • Jun 26

5110: Rabigh Expansion Exposure Will Likely Limit Future Return Potential

Analysts have adjusted their fair value estimate for Saudi Energy from SAR15.60 to SAR16.21, citing updated assumptions around the discount rate, profit margin and future P/E expectations as key drivers of the new price target. What's in the News Saudi Energy signed a Power Purchase Agreement with Saudi Power Procurement Company for the Rabigh 2 IPP Expansion Project, a large-scale combined cycle gas turbine power plant in Makkah province with a production capacity of 2,313.5 MW and readiness to add a carbon capture unit.
New Narrative • Jun 10

Expect a Revenue Jump of 22.08% from Saudi Energy's Ambitious Plans

Overview of Saudi Electricity Company (Tadawul: 5110) utilizing updated financial data up to mid-2026, here is a comprehensive breakdown of the company's fundamental and technical position. P/E Ratio: 14.5x (Based on operating profits, considering net income volatility due to the Mudaraba instrument).
New Narrative • Mar 07

Long-Term Grid Expansion And Energy Transition Will Support A Stable Outlook

Catalysts About Saudi Energy Saudi Energy operates an integrated electricity generation, transmission and distribution business across the Kingdom of Saudi Arabia. What are the underlying business or industry changes driving this perspective?
Analysis Article • Jan 12

Saudi Electricity (TADAWUL:5110) Is Experiencing Growth In Returns On Capital

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically...

Revenue & Expenses Breakdown

How Saudi Energy makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

SASE:5110 Revenue, expenses and earnings (SAR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 26104,0544,8092,32471
31 Dec 25102,2184,0172,09576
30 Sep 25100,382-2,5722,20748
30 Jun 2597,650-9312,12935
31 Mar 2592,308-1,8301,94120
31 Dec 2488,666-1,9251,9308
30 Sep 2484,9873,5361,80717
30 Jun 2480,4712,7601,29416
31 Mar 2477,8092,7081,40014
31 Dec 2375,3302,5881,4128
30 Sep 2373,2934,6641,8680
30 Jun 2372,2435,2552,5920
31 Mar 2371,9276,4672,9540
31 Dec 2272,0797,5353,1510
30 Sep 2271,2605,6742,4920
30 Jun 2270,3426,4462,1730
31 Mar 2269,5216,7121,4560
31 Dec 2169,3386,8751,6420
30 Sep 2173,88611,9681,8900
30 Jun 2172,5718,8921,7410
31 Mar 2170,6604,4392,1090
31 Dec 2068,7092,1761,5570
30 Sep 2064,877-1,7011,2030
30 Jun 2065,191-1,2221,2760
31 Mar 2065,0424359720
31 Dec 1965,0401,3889130
30 Sep 1961,777-1,8221,0500
30 Jun 1962,8774249900
31 Mar 1964,0581,4829800
31 Dec 1864,0641,7571,0970
30 Sep 1862,509373,8750
30 Jun 1857,5653733,9780
31 Mar 1853,1667584,1800
31 Dec 1750,6856,9084,4520
30 Sep 1749,84810,6021,6040
30 Jun 1749,99410,2691,6960
31 Mar 1749,88710,2791,7690
31 Dec 1649,8614,5451,4030
30 Sep 1648,1814,9641,3030
30 Jun 1644,2242,9561,0170
31 Mar 1642,9472,6857670
31 Dec 1541,5391,5446080
30 Sep 1540,9931,1465530

Quality Earnings: 5110 has high quality earnings.

Growing Profit Margin: 5110 became profitable in the past.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 5110's earnings have declined by 35.9% per year over the past 5 years.

Accelerating Growth: 5110 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 5110 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electric Utilities industry (2.4%).

Return on Equity

High ROE: 5110's Return on Equity (5.3%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/19 14:19
End of Day Share Price 2026/07/19 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Saudi Energy Company is covered by 12 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Salma KharbachiAlphaMena
Kais KriaaAlphaMena
Soha SaniourArqaam Capital Research Offshore S.A.L.