National Environmental Recycling Company (TADAWUL:9540)

Saudi Arabia · Delayed Price · Currency is SAR

4.560

-0.040 (-0.87%)

Jul 23, 2026, 2:59 PM AST

TADAWUL:9540 Financials Overview

Financials in millions SAR. Fiscal year is January - December.

Millions SAR. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,463	1,237	806.05	631.91	402.45	153.6
Revenue Growth	67.64%	53.49%	27.56%	57.02%	162.01%	123.08%
Gross Profit	100.48	98.8	58.17	41.45	30.88	18.64
Operating Income	82.5	80.17	45.93	31.18	23.38	10.67
Net Income	63.11	60.89	36.16	25.8	18.12	11.26
Earnings Per Share	0.28	0.27	0.16	0.11	0.08	0.06
EPS Growth	54.71%	70.89%	49.08%	37.65%	19.36%	-12.23%

Revenue by Geography

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Export	1,102	875.58	505.97	505.61	365.07	113.76
Kingdom of Saudi Arabia	361.76	361.63	300.07	126.3	37.38	39.84
Total	1,463	1,237	806.05	631.91	402.45	153.6

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	18.47	17.2	16.49	9.8	3.31	41.94
Total Debt	367.97	346.5	169.16	97.88	44.93	17.32
Net Cash (Debt)	-349.49	-329.31	-152.67	-88.08	-41.62	24.62
Net Cash Growth	-	-	-	-	-	339.53%
Net Cash Per Share	-1.54	-1.46	-0.67	-0.36	-0.18	0.14

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	-49.56	-71.62	-6.42	-21.72	-12.87	-41.83
Capital Expenditures	-87.41	-89.42	-47.65	-36.07	-53.07	-17.8
Free Cash Flow	-136.97	-161.04	-54.07	-57.79	-65.94	-59.63
Free Cash Flow Growth	-	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	6.87%	7.99%	7.22%	6.56%	7.67%	12.14%
Operating Margin	5.64%	6.48%	5.70%	4.93%	5.81%	6.94%
Pretax Margin	4.63%	5.27%	4.84%	4.42%	5.51%	8.43%
Profit Margin	4.31%	4.92%	4.49%	4.08%	4.50%	7.33%
FCF Margin	-9.36%	-13.02%	-6.71%	-9.14%	-16.38%	-38.82%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 26, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	16.35	13.11	26.30	17.65	18.59	-
PS Ratio	0.71	0.65	1.18	0.72	0.84	-