Edarat Communication and Information Technology Co (9557.SR) reported a standout QQ4 2024, with revenue of SAR 58.95 million, up 192.1% year-over-year and 110.4% quarter-over-quarter. The quarterly performance features strong profitability alongside meaningful operating leverage: gross profit of SAR 24.40 million for a gross margin of 41.39%, and operating income of SAR 14.83 million for an operating margin of 25.15%. Net income reached SAR 13.08 million, delivering a net margin of 22.19% and an EPS of SAR 5.19. EBITDA stood at SAR 16.92 million, yielding an EBITDA margin of approximately 28.7%.
Key Performance Indicators
Revenue
Increasing
58.95M
QoQ: 110.44% | YoY: 192.06%
Gross Profit
Increasing
24.40M
41.39% margin
QoQ: 65.99% | YoY: 172.99%
Operating Income
Increasing
14.83M
QoQ: 40.15% | YoY: 162.54%
Net Income
Increasing
13.08M
QoQ: 35.42% | YoY: 187.42%
EPS
Increasing
5.19
QoQ: 35.51% | YoY: 186.74%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue: SAR 58.95m; YoY growth: 192.1%; QoQ growth: 110.4%. Gross Profit: SAR 24.40m; Gross Margin: 41.39%; YoY Gross Profit growth: 172.99%; QoQ: 65.99%. Operating Income: SAR 14.83m; Operating Margin: 25.15%; YoY: 162.54%; QoQ: 40.15%. Net Income: SAR 13.08m; Net Margin: 22.19%; YoY: 187.42%; QoQ: 35.42%. EPS: SAR 5.19; YoY: 186.74%; QoQ: 35.51%. EBITDA: SAR 16.92m; EBITDA Margin: ~28.70%. Operating Cash Flow: SAR 0.55m; Free Cash Flow: SAR -1.55m; Capex: SAR -2.10m; Depreciation & Amortization: SAR 1.94m; Net cash provided by operating activities: SAR 0.55m; Net change in cash (end period): not disclosed in the standalone summary.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
58.95M
192.06%
110.44%
Gross Profit
24.40M
172.99%
65.99%
Operating Income
14.83M
162.54%
40.15%
Net Income
13.08M
187.42%
35.42%
EPS
5.19
186.74%
35.51%
Key Financial Ratios
Gross Profit Margin
Good
41.40%
Gross profit margin is healthy and competitive within industry standards
Operating Profit Margin
Excellent
25.20%
Operating margin is exceptional, indicating strong pricing power and operational efficiency
Net Profit Margin
Excellent
22.20%
Net profit margin is exceptional, indicating strong pricing power and operational efficiency
Return on Assets
Good
14.60%
Return on assets shows solid performance and effective asset utilization
Return on Equity
Strong
20.80%
Return on equity demonstrates excellent capital efficiency and value creation
Current Ratio
Strong
3.84
Current ratio indicates excellent liquidity and financial flexibility
Debt to Equity
Conservative
0.06
Debt-to-equity shows conservative leverage and low financial risk
P/E Ratio
Growth
33.10x
Elevated P/E suggests growth expectations or premium valuation
Price to Book
High Premium
27.55x
Very high premium suggests asset-light business model or lofty expectations
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