Riyadh Cables Group Co. — Earnings Release 2024

Mar 10, 2025

Riyadh Cables Group Co. announces its Annual Financial results for the period ending on 2024-12-31

4142 · 10/03/2025 16:15:27 · Announcement #85679 · View on Saudi Exchange

Riyadh Cables Group Co. announces its Annual Financial results for the period ending on 2024-12-31

Element List	Current Year	Previous Year	%Change
Sales/Revenue	9,007,361	7,825,378	15.1
Gross Profit (Loss)	1,286,522	972,763	32.25
Operational Profit (Loss)	968,439	647,607	49.54
Net profit (Loss)	816,881	518,493	57.55
Total Comprehensive Income	818,953	513,846	59.38
Total Shareholders Equity (after Deducting Minority Equity)	2,624,354	2,246,744	16.81
Profit (Loss) per Share	5.46	3.46
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-1,480	-0
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year	The reason of the increase in the sales/revenues is due to the increase in the volumes sold
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	The increase in net profit is mainly driven by the increase in sales/revenue coupled with product mix
Statement of the type of external auditor's report	Unmodified opinion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)	N/A
Reclassification of Comparison Items	N/A
Additional Information	N/A

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.