TADCO turns to profit of SAR 81.1M in 2023; Q4 loss at SAR 23.9M

31/03/2024 Argaam Exclusive

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Tabuk Agricultural Development Co. (TADCO) reported a net profit of SAR 81.1 million for 2023, against a loss of SAR 53.7 million a year earlier.

Financials (M)

Item	2022	2023	Change‬
Revenues	134.37	105.50	(21.5 %)
Gross Income	19.67	3.02	(84.6 %)
Operating Income	(52.08)	(63.65)	(22.2 %)
Net Income	(51.47)	80.79	257.0 %
Average Shares	39.18	39.18	-
EPS (Riyals)	(1.31)	2.06	257.0 %

The positive performance was supported by higher profits from investments in companies using the equity method of accounting and lower provision for expected credit losses.

This came despite a decline in revenue year-on-year (YoY) due to the exclusion of the sales of a subsidiary company for Q4 2023, which transformed into an associate company in Q3 2023, and a decrease in revenues of another subsidiary.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2022	Q4 2023	Change‬
Revenues	35.15	9.22	(73.8 %)
Gross Income	(0.80)	(12.71)	(1,480.7 %)
Operating Income	(30.51)	(31.00)	(1.6 %)
Net Income	(29.33)	(24.16)	17.6 %
Average Shares	39.18	39.18	-
EPS (Riyals)	(0.75)	(0.62)	17.6 %

Item	Q3 2023	Q4 2023	Change‬
Revenues	48.07	9.22	(80.8 %)
Gross Income	6.34	(12.71)	(300.4 %)
Operating Income	(11.39)	(31.00)	(172.2 %)
Net Income	127.80	(24.16)	(118.9 %)
Average Shares	39.18	39.18	-
EPS (Riyals)	3.26	(0.62)	(118.9 %)

The company’s losses shrank to SAR 23.8 million in Q4 2023, from SAR 31.5 million in Q4 2022.

Sequentially, the company turned to a loss against a profit of SAR 128.26 million in Q3 2023.

Shareholders’ equity, excluding minority interest, rose to SAR 328.27 million as of Dec. 31, 2023, from SAR 229.90 million a year earlier.

Accumulated losses reached SAR 63.2 million at the end of 2023, representing 16.1% of the company’s capital.

View More Financial Results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2014	20.67	90.8 %	7.26	48.6 %	2.04	43.6 %
Q2 2014	29.12	(24.4 %)	11.36	(26.7 %)	(1.26)	(140.5 %)
Q3 2014	51.12	22.1 %	16.79	(13.0 %)	0.66	(48.8 %)
Q4 2014	53.12	78.3 %	22.04	77.6 %	3.42	149.6 %
2014	154.02	27.3 %	57.45	10.3 %	4.86	551.9 %
Q1 2015	26.54	28.4 %	12.68	74.7 %	5.78	184.1 %
Q2 2015	28.25	(3.0 %)	10.71	(5.7 %)	(2.19)	(74.1 %)
Q3 2015	44.26	(13.4 %)	18.88	12.5 %	4.99	653.5 %
Q4 2015	52.77	(0.6 %)	17.42	(21.0 %)	(2.82)	(182.4 %)
2015	151.82	(1.4 %)	59.70	3.9 %	5.77	18.6 %
Q1 2016	13.27	(50.0 %)	6.22	(51.0 %)	(3.44)	(159.5 %)
Q2 2016	23.45	(17.0 %)	6.09	(43.2 %)	(6.04)	(176.3 %)
Q3 2016	23.90	(46.0 %)	4.59	(75.7 %)	(10.08)	(302.1 %)
Q4 2016	32.39	(38.6 %)	1.29	(92.6 %)	(22.15)	(685.7 %)
2016	93.00	(38.7 %)	18.18	(69.5 %)	(41.72)	(823.6 %)
Q1 2017	20.66	55.7 %	4.80	(22.8 %)	(3.37)	2.1 %
Q2 2017	23.01	(1.9 %)	9.31	53.0 %	(2.15)	64.5 %
Q3 2017	26.65	11.5 %	6.32	37.7 %	(9.94)	1.4 %
Q4 2017	36.85	13.8 %	6.06	368.4 %	(14.89)	32.8 %
2017	107.18	15.2 %	26.48	45.7 %	(30.35)	27.2 %
Q1 2018	20.13	(2.6 %)	2.82	(41.3 %)	(6.17)	(83.1 %)
Q2 2018	26.37	14.6 %	8.08	(13.2 %)	(3.31)	(54.2 %)
Q3 2018	25.20	(5.4 %)	3.76	(40.4 %)	(15.90)	(59.9 %)
Q4 2018	27.28	(26.0 %)	(1.53)	(125.2 %)	(20.75)	(39.3 %)
2018	98.98	(7.7 %)	14.09	(46.8 %)	(46.63)	(53.6 %)
Q1 2019	8.17	(59.4 %)	(11.39)	(504.6 %)	(23.04)	(273.1 %)
Q2 2019	34.71	31.6 %	(13.37)	(265.4 %)	(25.26)	(663.9 %)
Q3 2019	50.67	101.1 %	(1.78)	(147.2 %)	(17.21)	(8.3 %)
Q4 2019	47.80	75.2 %	(7.51)	(391.6 %)	(37.96)	(83.0 %)
2019	146.52	48.0 %	(34.60)	(345.6 %)	(104.99)	(125.2 %)
Q1 2020	34.67	324.2 %	6.49	156.9 %	(4.06)	82.4 %
Q2 2020	37.31	7.5 %	7.05	152.7 %	(4.71)	81.4 %
Q3 2020	47.39	(6.5 %)	9.31	623.6 %	(4.83)	71.9 %
Q4 2020	39.17	(18.0 %)	(8.56)	(13.9 %)	(23.59)	37.9 %
2020	158.54	8.2 %	14.29	141.3 %	(37.19)	64.6 %
Q1 2021	21.45	(38.1 %)	4.00	(38.4 %)	(5.51)	(35.9 %)
Q2 2021	31.69	(15.1 %)	(9.03)	(228.1 %)	(23.93)	(407.9 %)
Q3 2021	35.75	(24.6 %)	6.59	(29.2 %)	(5.81)	(20.3 %)
Q4 2021	27.15	(30.7 %)	(6.95)	18.8 %	(26.23)	(11.2 %)
2021	116.04	(26.8 %)	(5.39)	(137.7 %)	(61.49)	(65.3 %)
Q1 2022	21.58	0.6 %	2.05	(48.7 %)	(9.20)	(66.9 %)
Q2 2022	25.25	(20.3 %)	0.66	107.3 %	(14.46)	39.6 %
Q3 2022	52.39	46.6 %	17.76	169.4 %	2.09	136.0 %
Q4 2022	35.15	29.5 %	(0.80)	88.4 %	(30.51)	(16.3 %)
2022	134.37	15.8 %	19.67	465.1 %	(52.08)	15.3 %
Q1 2023	21.30	(1.3 %)	3.83	86.6 %	(9.41)	(2.3 %)
Q2 2023	26.90	6.5 %	4.67	612.3 %	(11.15)	22.9 %
Q3 2023	48.07	(8.3 %)	6.34	(64.3 %)	(11.39)	(644.9 %)
Q4 2023	9.22	(73.8 %)	(12.71)	(1,480.7 %)	(31.00)	(1.6 %)
2023	105.50	(21.5 %)	3.02	(84.6 %)	(63.65)	(22.2 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2014	154.02	27.3 %	57.45	10.3 %	4.86	551.9 %
2015	151.82	(1.4 %)	59.70	3.9 %	5.77	18.6 %
2016	93.00	(38.7 %)	18.18	(69.5 %)	(41.72)	(823.6 %)
2017	107.18	15.2 %	26.48	45.7 %	(30.35)	27.2 %
2018	98.98	(7.7 %)	14.09	(46.8 %)	(46.63)	(53.6 %)
2019	146.52	48.0 %	(34.60)	(345.6 %)	(104.99)	(125.2 %)
2020	158.54	8.2 %	14.29	141.3 %	(37.19)	64.6 %
2021	116.04	(26.8 %)	(5.39)	(137.7 %)	(61.49)	(65.3 %)
2022	134.37	15.8 %	19.67	465.1 %	(52.08)	15.3 %
2023	105.50	(21.5 %)	3.02	(84.6 %)	(63.65)	(22.2 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2014	1.74	15.1 %	0.08	-	1.74	0.08
Q2 2014	0.50	(79.9 %)	0.02	-	0.50	0.02
Q3 2014	3.27	211.2 %	0.15	-	3.27	0.15
Q4 2014	1.68	108.5 %	0.07	-	1.68	0.07
2014	7.20	148.5 %	0.32	-	7.20	0.32
Q1 2015	4.53	159.8 %	0.13	-	4.53	0.13
Q2 2015	0.18	(64.6 %)	0.01	-	0.18	0.01
Q3 2015	3.45	5.4 %	0.10	-	3.45	0.10
Q4 2015	(2.86)	(270.1 %)	(0.08)	-	(2.86)	(0.08)
2015	5.39	(25.2 %)	0.16	-	5.39	0.16
Q1 2016	(6.77)	(249.7 %)	(0.20)	-	(6.77)	(0.20)
Q2 2016	(4.61)	(2691.0 %)	(0.14)	-	(4.61)	(0.14)
Q3 2016	(11.26)	(426.7 %)	(0.33)	-	(11.26)	(0.33)
Q4 2016	(19.58)	(584.4 %)	(0.58)	(6.46)	(13.12)	(0.39)
2016	(42.22)	(884.1 %)	(1.25)	(6.46)	(35.77)	(1.06)
Q1 2017	(3.74)	44.8 %	(0.11)	-	(3.74)	(0.11)
Q2 2017	(2.15)	53.4 %	(0.06)	-	(2.15)	(0.06)
Q3 2017	(13.44)	(19.4 %)	(0.40)	-	(13.44)	(0.40)
Q4 2017	(10.92)	44.2 %	(0.32)	4.18	(15.09)	(0.45)
2017	(30.29)	28.3 %	(0.90)	4.18	(34.47)	(1.02)
Q1 2018	(5.66)	(51.2 %)	(0.17)	0.42	(6.07)	(0.18)
Q2 2018	6.61	407.8 %	0.20	10.75	(4.14)	(0.12)
Q3 2018	(7.51)	44.1 %	(0.22)	9.08	(16.59)	(0.49)
Q4 2018	(55.54)	(408.8 %)	(1.65)	(32.39)	(23.15)	(0.69)
2018	(62.10)	(105.0 %)	(1.84)	(12.14)	(49.96)	(1.48)
Q1 2019	(23.51)	(315.6 %)	(0.70)	(0.36)	(23.15)	(0.69)
Q2 2019	(62.28)	(1042.5 %)	(1.85)	(36.30)	(25.98)	(0.77)
Q3 2019	(55.67)	(641.4 %)	(1.65)	(24.42)	(31.26)	(0.93)
Q4 2019	(37.57)	32.4 %	(1.11)	(2.12)	(35.45)	(1.05)
2019	(179.79)	(189.5 %)	(5.33)	(63.20)	(116.58)	(3.46)
Q1 2020	(5.08)	78.4 %	(0.15)	-	(5.08)	(0.15)
Q2 2020	(5.53)	91.1 %	(0.16)	-	(5.53)	(0.16)
Q3 2020	(6.96)	87.5 %	(0.21)	-	(6.96)	(0.21)
Q4 2020	(34.99)	6.9 %	(1.04)	(7.27)	(27.73)	(0.82)
2020	(53.19)	70.4 %	(1.58)	(7.27)	(45.92)	(1.36)
Q1 2021	(1.91)	62.4 %	(0.06)	4.24	(6.15)	(0.18)
Q2 2021	(24.03)	(334.5 %)	(0.61)	-	(24.03)	(0.61)
Q3 2021	(13.28)	(90.9 %)	(0.34)	(6.04)	(7.24)	(0.18)
Q4 2021	(31.33)	10.5 %	(0.80)	(10.14)	(21.19)	(0.54)
2021	(70.55)	(32.6 %)	(1.80)	(11.94)	(58.61)	(1.50)
Q1 2022	(10.56)	(453.1 %)	(0.27)	-	(10.56)	(0.27)
Q2 2022	(18.08)	24.7 %	(0.46)	-	(18.08)	(0.46)
Q3 2022	5.16	138.9 %	0.13	-	5.16	0.13
Q4 2022	(29.33)	6.4 %	(0.75)	-	(29.33)	(0.75)
2022	(51.47)	27.0 %	(1.31)	-	(51.47)	(1.31)
Q1 2023	(13.92)	(31.8 %)	(0.36)	-	(13.92)	(0.36)
Q2 2023	(9.39)	48.1 %	(0.24)	-	(9.39)	(0.24)
Q3 2023	127.80	2375.4 %	3.26	148.44	(20.64)	(0.53)
Q4 2023	(24.16)	17.6 %	(0.62)	(6.43)	(17.73)	(0.45)
2023	80.79	257.0 %	2.06	142.01	(61.22)	(1.56)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2014	7.20	148.5 %	0.32	-	7.20	0.32
2015	5.39	(25.2 %)	0.16	-	5.39	0.16
2016	(42.22)	(884.1 %)	(1.25)	(6.46)	(35.77)	(1.06)
2017	(30.29)	28.3 %	(0.90)	4.18	(34.47)	(1.02)
2018	(62.10)	(105.0 %)	(1.84)	(12.14)	(49.96)	(1.48)
2019	(179.79)	(189.5 %)	(5.33)	(63.20)	(116.58)	(3.46)
2020	(53.19)	70.4 %	(1.58)	(7.27)	(45.92)	(1.36)
2021	(70.55)	(32.6 %)	(1.80)	(11.94)	(58.61)	(1.50)
2022	(51.47)	27.0 %	(1.31)	-	(51.47)	(1.31)
2023	80.79	257.0 %	2.06	142.01	(61.22)	(1.56)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	41.64 %	17.93 %	(11.17 %)
Q2 2014	41.45 %	15.87 %	(13.67 %)
Q3 2014	36.59 %	14.30 %	(11.00 %)
Q4 2014	37.30 %	18.84 %	4.67 %
2014	37.30 %	18.84 %	4.67 %
Q1 2015	39.32 %	20.78 %	6.24 %
Q2 2015	39.13 %	20.69 %	6.07 %
Q3 2015	42.27 %	24.88 %	6.46 %
Q4 2015	39.32 %	21.25 %	3.48 %
2015	39.32 %	21.25 %	3.55 %
Q1 2016	38.42 %	16.98 %	(4.34 %)
Q2 2016	36.34 %	9.76 %	(8.07 %)
Q3 2016	30.26 %	(7.71 %)	(22.49 %)
Q4 2016	19.55 %	(9.91 %)	(38.46 %)
2016	19.55 %	(9.91 %)	(38.46 %)
Q1 2017	16.70 %	(9.62 %)	(32.61 %)
Q2 2017	20.00 %	1.76 %	(30.28 %)
Q3 2017	21.14 %	3.21 %	(31.59 %)
Q4 2017	24.71 %	(1.20 %)	(32.11 %)
2017	24.71 %	(1.20 %)	(32.16 %)
Q1 2018	22.97 %	(2.70 %)	(34.46 %)
Q2 2018	21.15 %	(3.44 %)	(35.22 %)
Q3 2018	19.08 %	(2.94 %)	(38.59 %)
Q4 2018	13.27 %	(15.31 %)	(50.47 %)
2018	14.23 %	(15.82 %)	(50.47 %)
Q1 2019	(1.23 %)	(37.02 %)	(77.03 %)
Q2 2019	(23.62 %)	(57.49 %)	(93.19 %)
Q3 2019	(23.23 %)	(47.24 %)	(85.69 %)
Q4 2019	(24.09 %)	(50.93 %)	(81.94 %)
2019	(23.61 %)	(50.16 %)	(79.57 %)
Q1 2020	(9.63 %)	(31.19 %)	(58.25 %)
Q2 2020	2.49 %	(18.96 %)	(45.36 %)
Q3 2020	9.17 %	(11.61 %)	(31.71 %)
Q4 2020	9.01 %	(4.88 %)	(28.57 %)
2020	9.01 %	(4.88 %)	(28.97 %)
Q1 2021	8.12 %	(6.84 %)	(31.90 %)
Q2 2021	(3.06 %)	(21.02 %)	(46.43 %)
Q3 2021	(5.46 %)	(24.25 %)	(50.87 %)
Q4 2021	(4.64 %)	(29.60 %)	(50.51 %)
2021	(4.64 %)	(29.60 %)	(50.51 %)
Q1 2022	(6.32 %)	(33.39 %)	(54.25 %)
Q2 2022	2.14 %	(24.90 %)	(52.02 %)
Q3 2022	10.70 %	(16.80 %)	(35.35 %)
Q4 2022	14.64 %	(18.15 %)	(39.30 %)
2022	14.64 %	(18.15 %)	(38.30 %)
Q1 2023	15.99 %	(18.70 %)	(41.89 %)
Q2 2023	18.75 %	(17.92 %)	(34.98 %)
Q3 2023	10.68 %	(30.32 %)	(55.77 %)
Q4 2023	2.02 %	(38.20 %)	(58.48 %)
2023	2.86 %	(38.85 %)	(58.03 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2014	37.30 %	18.84 %	4.67 %
2015	39.32 %	21.25 %	3.55 %
2016	19.55 %	(9.91 %)	(38.46 %)
2017	24.71 %	(1.20 %)	(32.16 %)
2018	14.23 %	(15.82 %)	(50.47 %)
2019	(23.61 %)	(50.16 %)	(79.57 %)
2020	9.01 %	(4.88 %)	(28.97 %)
2021	(4.64 %)	(29.60 %)	(50.51 %)
2022	14.64 %	(18.15 %)	(38.30 %)
2023	2.86 %	(38.85 %)	(58.03 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	35.13 %	38.16 %	8.43 %
Q2 2014	39.00 %	16.30 %	1.73 %
Q3 2014	32.85 %	13.19 %	6.40 %
Q4 2014	41.50 %	18.14 %	3.17 %
Q1 2015	47.78 %	45.57 %	17.05 %
Q2 2015	37.93 %	15.67 %	0.63 %
Q3 2015	42.66 %	26.45 %	7.79 %
Q4 2015	33.01 %	7.63 %	(5.42 %)
Q1 2016	46.84 %	25.32 %	(51.05 %)
Q2 2016	25.95 %	(25.77 %)	(19.67 %)
Q3 2016	19.20 %	(42.19 %)	(47.12 %)
Q4 2016	3.99 %	10.94 %	(40.52 %)
Q1 2017	23.23 %	14.13 %	(18.11 %)
Q2 2017	40.45 %	23.38 %	(9.33 %)
Q3 2017	23.70 %	(32.04 %)	(50.42 %)
Q4 2017	16.43 %	(2.83 %)	(40.95 %)
Q1 2018	13.99 %	6.57 %	(30.18 %)
Q2 2018	30.64 %	16.95 %	(15.71 %)
Q3 2018	14.94 %	(31.51 %)	(65.82 %)
Q4 2018	(5.60 %)	(47.70 %)	(84.88 %)
Q1 2019	(139.38 %)	(192.54 %)	(283.25 %)
Q2 2019	(38.51 %)	(52.26 %)	(74.84 %)
Q3 2019	(3.51 %)	(20.13 %)	(61.69 %)
Q4 2019	(15.71 %)	(58.40 %)	(74.16 %)
Q1 2020	18.71 %	11.27 %	(14.65 %)
Q2 2020	18.89 %	5.08 %	(14.82 %)
Q3 2020	19.64 %	5.68 %	(14.68 %)
Q4 2020	(21.84 %)	(41.45 %)	(70.78 %)
Q1 2021	18.64 %	7.92 %	(28.65 %)
Q2 2021	(28.49 %)	(55.32 %)	(75.84 %)
Q3 2021	18.45 %	2.84 %	(20.25 %)
Q4 2021	(25.61 %)	(71.96 %)	(78.06 %)
Q1 2022	9.50 %	(12.67 %)	(48.94 %)
Q2 2022	2.60 %	(24.02 %)	(71.63 %)
Q3 2022	33.90 %	13.56 %	9.85 %
Q4 2022	(2.29 %)	(64.57 %)	(83.44 %)
Q1 2023	17.96 %	(16.06 %)	(65.34 %)
Q2 2023	17.37 %	(19.76 %)	(34.92 %)
Q3 2023	13.20 %	(17.51 %)	(42.95 %)
Q4 2023	(137.83 %)	(250.99 %)	(192.30 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2014	22.48	(0.65)	(0.65)	15.61
Q2 2014	22.48	(0.74)	(0.74)	15.57
Q3 2014	22.48	(0.64)	(0.64)	15.72
Q4 2014	22.48	0.32	0.32	15.79
Q1 2015	33.73	0.30	0.30	18.07
Q2 2015	33.73	0.29	0.29	18.08
Q3 2015	33.73	0.29	0.29	18.18
Q4 2015	33.73	0.16	0.16	18.10
Q1 2016	33.73	(0.18)	(0.18)	17.99
Q2 2016	33.73	(0.32)	(0.32)	17.18
Q3 2016	33.73	(0.76)	(0.76)	16.81
Q4 2016	33.73	(1.25)	(1.06)	16.39
Q1 2017	33.73	(1.16)	(0.97)	16.28
Q2 2017	33.73	(1.09)	(0.90)	16.22
Q3 2017	33.73	(1.15)	(0.96)	15.82
Q4 2017	33.73	(0.90)	(1.02)	15.50
Q1 2018	33.73	(0.95)	(1.09)	15.33
Q2 2018	33.73	(0.69)	(1.15)	15.46
Q3 2018	33.73	(0.52)	(1.24)	15.24
Q4 2018	33.73	(1.84)	(1.48)	13.58
Q1 2019	33.73	(2.37)	(1.99)	12.89
Q2 2019	33.73	(4.41)	(2.63)	10.91
Q3 2019	33.73	(5.84)	(3.07)	9.24
Q4 2019	33.73	(5.31)	(3.43)	8.28
Q1 2020	33.73	(4.76)	(2.90)	8.15
Q2 2020	33.73	(3.08)	(2.29)	7.93
Q3 2020	33.73	(1.63)	(1.57)	7.78
Q4 2020	33.73	(1.56)	(1.34)	6.70
Q1 2021	33.73	(1.46)	(1.37)	6.65
Q2 2021	39.18	(1.73)	(1.66)	8.73
Q3 2021	39.18	(1.89)	(1.66)	8.42
Q4 2021	39.18	(1.80)	(1.50)	7.60
Q1 2022	39.18	(2.02)	(1.61)	7.34
Q2 2022	39.18	(1.87)	(1.46)	6.86
Q3 2022	39.18	(1.40)	(1.14)	6.64
Q4 2022	39.18	(1.35)	(1.35)	5.87
Q1 2023	39.18	(1.43)	(1.43)	5.98
Q2 2023	39.18	(1.21)	(1.21)	6.12
Q3 2023	39.18	1.92	(1.87)	8.98
Q4 2023	39.18	2.05	(1.57)	8.38

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2014	22.48	0.32	0.32	15.79
2015	33.73	0.16	0.16	18.10
2016	33.73	(1.25)	(1.06)	16.39
2017	33.73	(0.90)	(1.02)	15.50
2018	33.73	(1.84)	(1.48)	13.58
2019	33.73	(5.33)	(3.46)	8.28
2020	33.73	(1.58)	(1.36)	6.70
2021	39.18	(1.80)	(1.50)	7.60
2022	39.18	(1.31)	(1.31)	5.87
2023	39.18	2.06	(1.56)	8.38

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2014	NEG	NEG	3.58
Q2 2014	NEG	NEG	4.03
Q3 2014	NEG	NEG	4.29
Q4 2014	More than 100	More than 100	2.50
Q1 2015	91.17	91.17	1.49
Q2 2015	94.02	94.02	1.49
Q3 2015	66.76	66.76	1.07
Q4 2015	More than 100	More than 100	1.11
Q1 2016	NEG	NEG	0.92
Q2 2016	NEG	NEG	1.13
Q3 2016	NEG	NEG	0.82
Q4 2016	NEG	NEG	1.08
Q1 2017	NEG	NEG	1.17
Q2 2017	NEG	NEG	1.25
Q3 2017	NEG	NEG	1.33
Q4 2017	NEG	NEG	1.31
Q1 2018	NEG	NEG	1.22
Q2 2018	NEG	NEG	1.16
Q3 2018	NEG	NEG	1.02
Q4 2018	NEG	NEG	1.13
Q1 2019	NEG	NEG	1.21
Q2 2019	NEG	NEG	1.27
Q3 2019	NEG	NEG	1.33
Q4 2019	NEG	NEG	1.74
Q1 2020	NEG	NEG	1.32
Q2 2020	NEG	NEG	1.75
Q3 2020	NEG	NEG	4.11
Q4 2020	NEG	NEG	4.03
Q1 2021	NEG	NEG	4.67
Q2 2021	NEG	NEG	4.58
Q3 2021	NEG	NEG	4.76
Q4 2021	NEG	NEG	3.93
Q1 2022	NEG	NEG	3.66
Q2 2022	NEG	NEG	2.81
Q3 2022	NEG	NEG	2.59
Q4 2022	NEG	NEG	2.59
Q1 2023	NEG	NEG	2.96
Q2 2023	NEG	NEG	3.02
Q3 2023	8.80	NEG	1.88
Q4 2023	8.42	NEG	2.06

Period	P/E	Adjusted P/E	Price/book
2014	More than 100	More than 100	2.50
2015	More than 100	More than 100	1.11
2016	NEG	NEG	1.08
2017	NEG	NEG	1.31
2018	NEG	NEG	1.13
2019	NEG	NEG	1.74
2020	NEG	NEG	4.03
2021	NEG	NEG	3.93
2022	NEG	NEG	2.59
2023	8.37	NEG	2.06

Business Segments (Million)

Compared With The

Period	Frozen meat	Cereals	Fruits	Feeding	Others	Vegetables	Food products	Sales - Sheep	Sales - trees
Q1 2016	-	0.02	-	5.50	-	5.85	1.71	-	0.20
Q2 2016	-	2.13	13.90	3.32	-	2.60	1.39	-	0.10
Q3 2016	-	1.03	12.60	5.20	-	5.41	(0.41)	-	(0.04)
Q4 2016	-	2.62	0.47	15.27	-	11.57	2.24	0.15	0.18
Q1 2017	-	2.29	0.05	11.32	-	5.41	1.52	0.02	0.05
Q2 2017	-	1.46	11.56	6.64	-	2.08	1.09	0.07	0.12
Q3 2017	-	2.97	8.97	10.88	-	2.87	0.77	0.11	0.07
Q4 2017	-	6.37	2.46	19.52	-	5.38	2.62	0.07	0.45
Q1 2018	-	3.52	1.69	10.18	-	2.58	1.34	0.04	0.79
Q2 2018	-	(3.52)	9.20	11.22	9.50	2.14	(1.34)	(0.04)	(0.79)
Q3 2018	-	18.73	8.22	(2.64)	(1.97)	2.85	-	-	-
Q4 2018	-	(7.65)	8.04	18.84	(1.96)	10.00	-	-	-
Q1 2019	-	1.21	0.07	2.52	1.44	2.93	-	-	-
Q2 2019	-	1.00	9.53	9.41	1.06	0.60	-	-	-
Q3 2019	-	9.77	9.55	(0.14)	7.67	4.42	-	-	-
Q1 2020	7.27	2.68	1.48	19.60	0.93	2.71	-	-	-
Q2 2020	2.78	6.81	8.84	17.67	1.13	0.08	-	-	-
Q3 2020	6.52	6.79	6.19	27.11	0.74	0.05	-	-	-
Q4 2020	10.67	9.16	1.16	16.32	1.33	0.53	-	-	-
Q1 2021	11.40	1.08	1.45	6.53	0.99	-	-	-	-
Q2 2021	10.71	8.97	6.79	4.31	0.92	-	-	-	-
Q3 2021	14.47	6.85	6.94	5.63	1.86	-	-	-	-
Q4 2021	17.17	5.60	0.44	2.74	1.20	-	-	-	-
Q1 2022	18.58	0.15	0.08	0.90	1.87	-	-	-	-
Q2 2022	17.12	0.79	5.76	0.45	1.13	-	-	-	-
Q3 2022	15.30	23.07	7.60	4.45	1.97	-	-	-	-
Q4 2022	15.65	9.66	1.64	3.35	3.35	1.50	-	-	-
Q1 2023	13.29	1.55	0.63	0.81	3.94	1.09	-	-	-
Q4 2023	-	4.38	2.71	0.46	1.62	0.05	-	-	-

Period	Frozen meat	Cereals	Fruits	Feeding	Others	Vegetables	Food products	Sales - Sheep	Sales - trees
2016	-	5.80	26.98	29.29	-	25.42	4.93	0.15	0.44
2017	-	13.10	23.03	48.36	-	15.74	6.00	0.26	0.69
2018	-	11.09	27.15	37.61	5.57	17.57	-	-	-
2019	22.73	20.66	20.18	68.45	1.10	13.40	-	-	-
2020	27.24	25.44	17.68	80.70	4.12	3.37	-	-	-
2021	53.75	22.49	15.61	19.21	4.97	-	-	-	-
2022	66.65	33.67	15.08	9.14	8.33	1.50	-	-	-
2023	40.16	32.54	19.15	2.00	9.46	2.19	-	-	-

Financial Ratios

	Current
Market Cap (M Riyal)	599.30
Enterprise Value (EV) (M)	665.48
Shares Outstanding ((M))	39.17
EPS ( Riyal) (TTM)	(1.72)
Book Value (BV) ( Riyal)	7.17
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	2.13
Return on Average Assets (%) (TTM)	(13.42 )
Return on Average Equity (%) (TTM)	(21.32 )

Tabuk Agricultural Development Co. (TADCO)

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TADCO turns to profit of SAR 81.1M in 2023; Q4 loss at SAR 23.9M

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Financials (M)

Current Quarter Comparison (M)

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)

Revenue by Business Segment (Latest) 2023 Q4

Financial Ratios

Share Price

Tabuk Agricultural Development Co. (TADCO)

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TADCO turns to profit of SAR 81.1M in 2023; Q4 loss at SAR 23.9M

View other reports

Financials (M)

Current Quarter Comparison (M)

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 2023

Revenue by Business Segment (Latest) 2023 Q4

Financial Ratios

Share Price

Tabuk Agricultural Development Co. (TADCO)

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Business Segments (Million)