New Risk • Aug 19
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -ر.س27m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-ر.س27m free cash flow). Negative equity (-ر.س16m). Earnings have declined by 41% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change). Reported Earnings • Aug 17
First half 2026 earnings released: ر.س0.21 loss per share (vs ر.س0.10 loss in 1H 2025) First half 2026 results: ر.س0.21 loss per share (further deteriorated from ر.س0.10 loss in 1H 2025). Revenue: ر.س169.2m (down 9.8% from 1H 2025). Net loss: ر.س25.6m (loss widened 115% from 1H 2025). 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. Duyuru • Apr 24
Mayar Holding Company, Annual General Meeting, May 14, 2026 Mayar Holding Company, Annual General Meeting, May 14, 2026, at 18:30 Arab Standard Time. Location: riyadh Saudi Arabia Reported Earnings • Apr 04
Full year 2025 earnings released: ر.س0.39 loss per share (vs ر.س0.14 profit in FY 2024) Full year 2025 results: ر.س0.39 loss per share (down from ر.س0.14 profit in FY 2024). Revenue: ر.س399.2m (down 11% from FY 2024). Net loss: ر.س46.3m (down 380% from profit in FY 2024). Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ر.س1.25, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 23x in the Machinery industry in Asia. Total loss to shareholders of 58% over the past year. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ر.س2.20, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 25x in the Machinery industry in Asia. Total loss to shareholders of 34% over the past year. New Risk • Dec 24
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 6.9% 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 Interest payments are not well covered by earnings (1.0x net interest cover). Share price has been highly volatile over the past 3 months (6.9% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Market cap is less than US$100m (ر.س220.7m market cap, or US$58.9m). Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ر.س2.01, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 24x in the Machinery industry in Asia. Total loss to shareholders of 42% over the past year. New Risk • Oct 28
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: Major Risk Interest payments are not well covered by earnings (1.0x net interest cover). 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 (7.2% average weekly change). Market cap is less than US$100m (ر.س275.9m market cap, or US$73.6m). Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ر.س3.00, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 24x in the Machinery industry in Asia. Total loss to shareholders of 12% over the past year. Duyuru • May 16
Mayar Holding Company, Annual General Meeting, Jun 04, 2025 Mayar Holding Company, Annual General Meeting, Jun 04, 2025, at 19:45 Arab Standard Time. Location: riyadh Saudi Arabia Reported Earnings • Apr 13
Full year 2024 earnings released: EPS: ر.س0.14 (vs ر.س0.32 loss in FY 2023) Full year 2024 results: EPS: ر.س0.14 (up from ر.س0.32 loss in FY 2023). Revenue: ر.س446.7m (up 26% from FY 2023). Net income: ر.س16.6m (up ر.س54.8m from FY 2023). Profit margin: 3.7% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. New Risk • Mar 03
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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: Major Risks Share price has been highly volatile over the past 3 months (7.2% average weekly change). Earnings have declined by 55% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (ر.س373.1m market cap, or US$99.5m). New Risk • Feb 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ر.س374.3m (US$99.8m) 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 55% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (ر.س374.3m market cap, or US$99.8m). New Risk • Dec 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ر.س371.9m (US$99.1m) 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 Risks Share price has been highly volatile over the past 3 months (8.0% average weekly change). Earnings have declined by 55% per year over the past 5 years. Minor Risk Market cap is less than US$100m (ر.س371.9m market cap, or US$99.1m). Duyuru • Apr 30
Mayar Holding Company, Annual General Meeting, May 22, 2024 Mayar Holding Company, Annual General Meeting, May 22, 2024, at 16:30 Coordinated Universal Time. Agenda: To Reviewing and discussing the Board of Directors’ report for the financial year ending 12-31-2023; to vote on the company’s auditor’s report for the fiscal year ending on 31-12-2023; to Review and discuss the company’s financial statements for the fiscal year ending on 12-31-2023; to Vote to absolve the members of the board of directors from liability for the fiscal year ending on 31-12 2023; to consider voting on appointing the auditors for the Company from among the candidates based on the Audit Committee's recommendation. The appointed auditors shall examine, review and audit the quarterly financial statements ; to consider voting to pay remuneration to the Board members for the fiscal year ending on 31-12-2023; and to consider other related matters. Reported Earnings • Apr 26
Full year 2023 earnings released: ر.س0.32 loss per share (vs ر.س0.012 profit in FY 2022) Full year 2023 results: ر.س0.32 loss per share (down from ر.س0.012 profit in FY 2022). Revenue: ر.س355.0m (down 14% from FY 2022). Net loss: ر.س38.2m (down ر.س39.6m from profit in FY 2022). New Risk • Mar 22
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. 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: Major Risk Less than 1 year of cash runway based on free cash flow trend (-ر.س40m free cash flow). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (6.6% average weekly change). Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improves as stock rises 45% After last week's 45% share price gain to ر.س100.00, the stock trades at a trailing P/E ratio of 32.9x. Average trailing P/E is 21x in the Machinery industry in Asia. Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ر.س70.00, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 21x in the Machinery industry in Asia. Board Change • Apr 11
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. 
