Riyadh Cables profit up 58% to SAR 816.9M in 2024; Q4 at SAR 253.7M

Riyadh Cables Group Co. reported a net profit of SAR 816.9 million (before minority interest) in 2024, up 58% from SAR 518.5 million a year earlier.

Financials (M)

Item	2023	2024	Change‬
Revenues	7,825.38	9,007.36	15.1 %
Gross Income	972.76	1,286.52	32.3 %
Operating Income	668.92	977.25	46.1 %
Net Income	518.77	816.69	57.4 %
Average Shares	150.00	150.00	-
Earnings Per Share before unusual items	3.68	5.44	47.9 %
EPS (Riyals)	3.46	5.44	57.4 %

The annual profit hike was due to higher revenues driven by an increase in sales volumes, coupled with a diversified product mix.

The fourth-quarter net profit grew 89.4% to SAR 253.75 million, from SAR 133.96 million in Q4 2023.

The Q4 2024 earnings rose 8.1% from SAR 234.76 million in the previous quarter.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2023	Q4 2024	Change‬
Revenues	1,889.86	2,496.52	32.1 %
Gross Income	238.11	332.28	39.5 %
Operating Income	177.10	294.32	66.2 %
Net Income	134.15	252.34	88.1 %
Average Shares	150.00	150.00	-
Earnings Per Share before unusual items	0.97	1.68	74.0 %
EPS (Riyals)	0.89	1.68	88.1 %

Item	Q3 2024	Q4 2024	Change‬
Revenues	2,433.15	2,496.52	2.6 %
Gross Income	401.47	332.28	(17.2 %)
Operating Income	276.85	294.32	6.3 %
Net Income	234.70	252.34	7.5 %
Average Shares	150.00	150.00	-
Earnings Per Share before unusual items	1.56	1.68	7.5 %
EPS (Riyals)	1.56	1.68	7.5 %

Total shareholders’ equity, excluding minority interest, reached SAR 2.62 billion by the end of 2024, compared to SAR 2.24 billion a year earlier.

View more financial results

View other reports

Share Price

Riyadh Cables Group Co. (RIYADH CABLES)

	Current
Market Cap (M Riyal)	19,290.00
Enterprise Value (EV) (M)	19,631.90
Shares Outstanding ((M))	150.00
EPS ( Riyal) (TTM)	5.44
Book Value (BV) ( Riyal)	17.50
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	23.62
P/E (TTM)	23.62
Price/book	7.35
Return on Average Assets (%) (TTM)	15.3
Return on Average Equity (%) (TTM)	33.5

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2015	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-
2015	-	-	-	-	-	-
Q1 2016	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-
2016	-	-	-	-	-	-
Q1 2017	-	-	-	-	-	-
Q2 2017	-	-	-	-	-	-
Q3 2017	-	-	-	-	-	-
Q4 2017	-	-	-	-	-	-
2017	-	-	-	-	-	-
Q1 2018	-	-	-	-	-	-
Q2 2018	-	-	-	-	-	-
Q3 2018	-	-	-	-	-	-
Q4 2018	-	-	-	-	-	-
2018	4,302.86	-	356.45	-	200.38	-
Q1 2019	-	-	-	-	-	-
Q2 2019	-	-	-	-	-	-
Q3 2019	-	-	-	-	-	-
Q4 2019	-	-	-	-	-	-
2019	4,565.68	6.1 %	480.02	34.7 %	263.48	31.5 %
Q1 2020	-	-	-	-	-	-
Q2 2020	-	-	-	-	-	-
Q3 2020	-	-	-	-	-	-
Q4 2020	-	-	-	-	-	-
2020	4,086.82	(10.5 %)	436.38	(9.1 %)	277.01	5.1 %
Q1 2021	-	-	-	-	-	-
Q2 2021	-	-	-	-	-	-
Q3 2021	1,251.87	-	103.43	-	53.43	-
Q4 2021	1,396.15	-	129.56	-	99.27	-
2021	4,883.44	19.5 %	463.08	6.1 %	300.51	8.5 %
Q1 2022	1,561.18	-	151.85	-	101.57	-
Q2 2022	1,691.10	-	141.74	-	94.29	-
Q3 2022	1,769.30	41.3 %	163.92	58.5 %	109.26	104.5 %
Q4 2022	1,830.72	31.1 %	189.59	46.3 %	142.16	43.2 %
2022	6,852.31	40.3 %	647.10	39.7 %	447.28	48.8 %
Q1 2023	1,937.28	24.1 %	218.74	44.0 %	161.53	59.0 %
Q2 2023	1,917.53	13.4 %	236.71	67.0 %	157.60	67.1 %
Q3 2023	2,080.72	17.6 %	279.21	70.3 %	164.22	50.3 %
Q4 2023	1,889.86	3.2 %	238.11	25.6 %	177.10	24.6 %
2023	7,825.38	14.2 %	972.76	50.3 %	668.92	49.6 %
Q1 2024	2,031.55	4.9 %	283.20	29.5 %	215.15	33.2 %
Q2 2024	2,046.15	6.7 %	269.57	13.9 %	197.81	25.5 %
Q3 2024	2,433.15	16.9 %	401.47	43.8 %	276.85	68.6 %
Q4 2024	2,496.52	32.1 %	332.28	39.5 %	294.32	66.2 %
2024	9,007.36	15.1 %	1,286.52	32.3 %	977.25	46.1 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2015	-	-	-	-	-	-
2016	-	-	-	-	-	-
2017	-	-	-	-	-	-
2018	4,302.86	-	356.45	-	200.38	-
2019	4,565.68	6.1 %	480.02	34.7 %	263.48	31.5 %
2020	4,086.82	(10.5 %)	436.38	(9.1 %)	277.01	5.1 %
2021	4,883.44	19.5 %	463.08	6.1 %	300.51	8.5 %
2022	6,852.31	40.3 %	647.10	39.7 %	447.28	48.8 %
2023	7,825.38	14.2 %	972.76	50.3 %	668.92	49.6 %
2024	9,007.36	15.1 %	1,286.52	32.3 %	977.25	46.1 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	Earnings Per Share before unusual items
Q1 2015	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-
2015	-	-	-	-	-	-
Q1 2016	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-
2016	-	-	-	-	-	-
Q1 2017	-	-	-	-	-	-
Q2 2017	-	-	-	-	-	-
Q3 2017	-	-	-	-	-	-
Q4 2017	-	-	-	-	-	-
2017	-	-	-	-	-	-
Q1 2018	-	-	-	-	-	-
Q2 2018	-	-	-	-	-	-
Q3 2018	-	-	-	-	-	-
Q4 2018	-	-	-	-	-	-
2018	135.29	-	0.90	-	135.29	0.90
Q1 2019	-	-	-	-	-	-
Q2 2019	-	-	-	-	-	-
Q3 2019	-	-	-	-	-	-
Q4 2019	-	-	-	-	-	-
2019	196.88	45.5 %	1.31	-	196.88	1.31
Q1 2020	-	-	-	-	-	-
Q2 2020	-	-	-	-	-	-
Q3 2020	-	-	-	-	-	-
Q4 2020	-	-	-	-	-	-
2020	218.43	10.9 %	1.46	-	218.43	1.46
Q1 2021	-	-	-	-	-	-
Q2 2021	-	-	-	-	-	-
Q3 2021	36.16	-	0.24	-	36.16	0.24
Q4 2021	84.89	-	0.57	-	84.89	0.57
2021	239.83	9.8 %	1.60	-	239.83	1.60
Q1 2022	85.01	-	0.57	-	85.01	0.57
Q2 2022	68.26	-	0.46	-	68.26	0.46
Q3 2022	92.73	156.4 %	0.62	20.48	72.25	0.48
Q4 2022	106.32	25.3 %	0.71	0.36	105.97	0.71
2022	352.32	46.9 %	2.35	20.84	331.48	2.21
Q1 2023	124.92	46.9 %	0.83	(9.93)	134.85	0.90
Q2 2023	126.97	86.0 %	0.85	(5.33)	132.30	0.88
Q3 2023	132.73	43.1 %	0.88	(7.15)	139.88	0.93
Q4 2023	134.15	26.2 %	0.89	(10.88)	145.02	0.97
2023	518.77	47.2 %	3.46	(33.27)	552.04	3.68
Q1 2024	170.22	36.3 %	1.13	-	170.22	1.13
Q2 2024	159.43	25.6 %	1.06	-	159.43	1.06
Q3 2024	234.70	76.8 %	1.56	-	234.70	1.56
Q4 2024	252.34	88.1 %	1.68	-	252.34	1.68
2024	816.69	57.4 %	5.44	-	816.69	5.44

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	Earnings Per Share before unusual items
2015	-	-	-	-	-	-
2016	-	-	-	-	-	-
2017	-	-	-	-	-	-
2018	135.29	-	0.90	-	135.29	0.90
2019	196.88	45.5 %	1.31	-	196.88	1.31
2020	218.43	10.9 %	1.46	-	218.43	1.46
2021	239.83	9.8 %	1.60	-	239.83	1.60
2022	352.32	46.9 %	2.35	20.84	331.48	2.21
2023	518.77	47.2 %	3.46	(33.27)	552.04	3.68
2024	816.69	57.4 %	5.44	-	816.69	5.44

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
2015	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
2016	-	-	-
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	-	-	-
2017	-	-	-
Q1 2018	-	-	-
Q2 2018	-	-	-
Q3 2018	-	-	-
Q4 2018	-	-	-
2018	8.28 %	6.15 %	3.14 %
Q1 2019	-	-	-
Q2 2019	-	-	-
Q3 2019	-	-	-
Q4 2019	-	-	-
2019	10.51 %	7.27 %	4.31 %
Q1 2020	-	-	-
Q2 2020	-	-	-
Q3 2020	-	-	-
Q4 2020	-	-	-
2020	10.68 %	8.34 %	5.34 %
Q1 2021	-	-	-
Q2 2021	-	-	-
Q3 2021	-	-	-
Q4 2021	-	-	-
2021	9.48 %	7.49 %	4.91 %
Q1 2022	-	-	-
Q2 2022	8.92 %	6.85 %	4.65 %
Q3 2022	9.15 %	7.31 %	4.84 %
Q4 2022	9.44 %	7.46 %	4.84 %
2022	9.44 %	7.46 %	4.84 %
Q1 2023	9.88 %	7.91 %	5.28 %
Q2 2023	10.85 %	8.53 %	5.97 %
Q3 2023	11.90 %	9.01 %	6.61 %
Q4 2023	12.43 %	9.29 %	7.05 %
2023	12.43 %	9.40 %	7.05 %
Q1 2024	13.10 %	9.86 %	7.42 %
Q2 2024	13.30 %	10.19 %	7.64 %
Q3 2024	14.19 %	11.12 %	8.44 %
Q4 2024	14.28 %	11.69 %	9.07 %
2024	14.28 %	11.61 %	9.07 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	8.28 %	6.15 %	3.14 %
2019	10.51 %	7.27 %	4.31 %
2020	10.68 %	8.34 %	5.34 %
2021	9.48 %	7.49 %	4.91 %
2022	9.44 %	7.46 %	4.84 %
2023	12.43 %	9.40 %	7.05 %
2024	14.28 %	11.61 %	9.07 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	-	-	-
Q1 2018	-	-	-
Q2 2018	-	-	-
Q3 2018	-	-	-
Q4 2018	-	-	-
Q1 2019	-	-	-
Q2 2019	-	-	-
Q3 2019	-	-	-
Q4 2019	-	-	-
Q1 2020	-	-	-
Q2 2020	-	-	-
Q3 2020	-	-	-
Q4 2020	-	-	-
Q1 2021	-	-	-
Q2 2021	-	-	-
Q3 2021	8.26 %	-	2.89 %
Q4 2021	9.28 %	8.81 %	6.08 %
Q1 2022	9.73 %	7.52 %	5.45 %
Q2 2022	8.38 %	6.52 %	4.04 %
Q3 2022	9.26 %	6.70 %	4.08 %
Q4 2022	10.36 %	9.01 %	5.79 %
Q1 2023	11.29 %	9.20 %	6.96 %
Q2 2023	12.34 %	9.09 %	6.90 %
Q3 2023	13.42 %	8.75 %	6.72 %
Q4 2023	12.60 %	10.18 %	7.67 %
Q1 2024	13.94 %	11.42 %	8.38 %
Q2 2024	13.17 %	10.46 %	7.79 %
Q3 2024	16.50 %	12.14 %	9.65 %
Q4 2024	13.31 %	12.47 %	10.11 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Earnings Per Share before unusual items (Riyal)	Book Value (BV)
Q1 2015	-	-	-	-
Q2 2015	-	-	-	-
Q3 2015	-	-	-	-
Q4 2015	-	-	-	-
Q1 2016	-	-	-	-
Q2 2016	-	-	-	-
Q3 2016	-	-	-	-
Q4 2016	-	-	-	-
Q1 2017	-	-	-	-
Q2 2017	-	-	-	-
Q3 2017	-	-	-	-
Q4 2017	-	-	-	-
Q1 2018	-	-	-	-
Q2 2018	-	-	-	-
Q3 2018	-	-	-	-
Q4 2018	-	-	-	-
Q1 2019	-	-	-	-
Q2 2019	-	-	-	-
Q3 2019	-	-	-	-
Q4 2019	-	-	-	-
Q1 2020	-	-	-	-
Q2 2020	-	-	-	-
Q3 2020	-	-	-	-
Q4 2020	-	-	-	-
Q1 2021	-	-	-	-
Q2 2021	-	-	-	-
Q3 2021	150.00	-	-	-
Q4 2021	150.00	-	-	13.57
Q1 2022	150.00	-	-	14.07
Q2 2022	150.00	1.83	1.83	12.78
Q3 2022	150.00	2.21	2.07	13.17
Q4 2022	150.00	2.35	2.21	14.14
Q1 2023	150.00	2.61	2.54	15.12
Q2 2023	150.00	3.01	2.97	14.21
Q3 2023	150.00	3.27	3.42	15.16
Q4 2023	150.00	3.46	3.68	14.98
Q1 2024	150.00	3.76	3.92	16.24
Q2 2024	150.00	3.98	4.10	16.03
Q3 2024	150.00	4.66	4.73	17.64
Q4 2024	150.00	5.44	5.44	17.50

Period	Shares Outstanding (M)	EPS (Riyal)	Earnings Per Share before unusual items (Riyal)	Book Value (BV)
2015	-	-	-	-
2016	-	-	-	-
2017	-	-	-	-
2018	150.00	0.90	0.90	12.94
2019	150.00	1.31	1.31	12.79
2020	150.00	1.46	1.46	13.06
2021	150.00	1.60	1.60	13.57
2022	150.00	2.35	2.21	14.14
2023	150.00	3.46	3.68	14.98
2024	150.00	5.44	5.44	17.50

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	-	-	-
Q1 2018	-	-	-
Q2 2018	-	-	-
Q3 2018	-	-	-
Q4 2018	-	-	-
Q1 2019	-	-	-
Q2 2019	-	-	-
Q3 2019	-	-	-
Q4 2019	-	-	-
Q1 2020	-	-	-
Q2 2020	-	-	-
Q3 2020	-	-	-
Q4 2020	-	-	-
Q1 2021	-	-	-
Q2 2021	-	-	-
Q3 2021	-	-	-
Q4 2021	-	-	-
Q1 2022	-	-	-
Q2 2022	-	-	-
Q3 2022	-	-	-
Q4 2022	15.43	16.40	2.56
Q1 2023	20.23	20.81	3.50
Q2 2023	21.75	22.03	4.60
Q3 2023	21.05	20.15	4.55
Q4 2023	26.77	25.16	6.18
Q1 2024	26.22	25.18	6.07
Q2 2024	25.10	24.36	6.23
Q3 2024	21.28	20.96	5.62
Q4 2024	25.31	25.31	7.88

Period	P/E	Adjusted P/E	Price/book
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	-	-	-
2020	-	-	-
2021	-	-	-
2022	15.43	16.40	2.56
2023	26.77	25.16	6.18
2024	25.31	25.31	7.88

Business Segments (Million)

Compared With The

Period	Cables and Wires	HV Projects	Other
Q3 2021	1,204.66	22.08	25.11
Q4 2021	1,372.71	16.66	6.79
Q1 2022	1,550.30	6.39	4.50
Q2 2022	1,666.11	19.40	5.59
Q3 2022	1,772.57	-	(3.27)
Q4 2022	1,783.67	44.14	2.91
Q1 2023	1,878.44	51.73	7.11
Q2 2023	1,880.78	27.76	8.98
Q3 2023	1,999.08	72.25	9.38
Q4 2023	1,823.78	66.15	(0.06)
Q1 2024	1,970.33	55.64	5.58
Q2 2024	1,901.61	140.39	4.15
Q3 2024	2,365.59	60.88	6.68
Q4 2024	2,408.39	82.44	5.69

Period	Cables and Wires	HV Projects	Other
2020	4,009.91	20.39	56.52
2021	4,763.10	79.53	40.81
2022	6,772.65	69.93	9.73
2023	7,582.07	217.89	25.41
2024	8,645.91	339.35	22.10

Analysts Estimates (Million)

Item	Q4 2024 (e)	Q4 2024 (net income)	Change‬
Average	230.94	252.34	9.27 %

Estimates vs Actual (Million)

Item	Q4 2024 (e)	Q4 2024 (net income)	Change
SNB Capital	247.00	252.34	2.2 %
GIB Capital	242.00	252.34	4.3 %
AlJazira Capital	223.70	252.34	12.8 %
Riyad Capital	223.00	252.34	13.2 %
Al Rajhi Capital	219.00	252.34	15.2 %

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Riyadh Cables profit up 58% to SAR 816.9M in 2024; Q4 at SAR 253.7M

Financials (M)

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Riyadh Cables profit up 58% to SAR 816.9M in 2024; Q4 at SAR 253.7M

Financials (M)

Current Quarter Comparison (M)

View other reports

Share Price

Riyadh Cables Group Co. (RIYADH CABLES)

Financial Ratios

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q4 2024

Revenue by Business Segment (Latest) 2024 Q4

Analysts Estimates (Million)

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