ACWA Power reported a net profit of SAR 1.75 billion for 2024, an increase of 6% from SAR 1.66 billion in 2023.
Item | 2023 | 2024 | Change |
---|---|---|---|
Revenues | 6,095.01 | 6,297.30 | 3.3 % |
Gross Income | 3,495.18 | 3,330.59 | (4.7 %) |
Operating Income | 2,188.91 | 1,357.51 | (38.0 %) |
Net Income | 1,661.71 | 1,757.06 | 5.7 % |
Average Shares | 732.56 | 732.56 | - |
Earnings Per Share before unusual items | 2.10 | 1.35 | (36.1 %) |
EPS (Riyals) | 2.27 | 2.40 | 5.7 % |
The company’s consolidated revenues for 2024 were up 3.3% year-on-year (YoY), mainly due to higher operation and maintenance revenue, higher earnings from sale of electricity, higher share in net results of equity accounted investees, gain from capital recycling and higher net finance income.
The revenue increase was partially offset by lower services income from the projects, lower gross profit on account of higher operating costs, higher project development costs on account of increased business development activity and higher general & administrative expenses in parallel with accelerated growth.
Item | Q4 2023 | Q4 2024 | Change |
---|---|---|---|
Revenues | 1,809.52 | 1,735.53 | (4.1 %) |
Gross Income | 1,122.08 | 873.34 | (22.2 %) |
Operating Income | 715.73 | 404.57 | (43.5 %) |
Net Income | 579.64 | 502.17 | (13.4 %) |
Average Shares | 732.56 | 732.56 | - |
Earnings Per Share before unusual items | 0.75 | 0.57 | (23.7 %) |
EPS (Riyals) | 0.79 | 0.69 | (13.4 %) |
Q4 2024 net earnings fell 13% YoY to SAR 502.2 million from SAR 579.64 million.
On a quarterly basis, net profit grew 53.1% from SAR 328.1 million in Q3 2024.
Total shareholders’ equity, after minority interest, stood at SAR 21.85 billion by Dec. 31, 2024, compared to SAR 19.15 billion a year earlier.
Attached Documents
Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | Earnings Per Share before unusual items |
---|---|---|---|---|---|---|
Q1 2024 | 296.17 | 9.8 % | 0.40 | 245.79 | 50.38 | 0.07 |
Q2 2024 | 630.62 | 52.2 % | 0.86 | 401.70 | 228.92 | 0.31 |
Q3 2024 | 328.10 | (17.6 %) | 0.45 | 40.07 | 288.03 | 0.39 |
Q4 2024 | 502.17 | (13.4 %) | 0.69 | 83.84 | 418.33 | 0.57 |
2024 | 1,757.06 | 5.7 % | 2.40 | 771.40 | 985.66 | 1.35 |
Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
---|---|---|---|---|---|---|
Q1 2024 | 1,251.76 | (6.0 %) | 620.55 | (11.5 %) | 249.92 | (41.6 %) |
Q2 2024 | 1,562.57 | 10.7 % | 836.91 | 5.4 % | 358.64 | (29.7 %) |
Q3 2024 | 1,747.44 | 13.3 % | 999.79 | 13.9 % | 344.54 | (35.6 %) |
Q4 2024 | 1,735.53 | (4.1 %) | 873.34 | (22.2 %) | 404.57 | (43.5 %) |
2024 | 6,297.30 | 3.3 % | 3,330.59 | (4.7 %) | 1,357.51 | (38.0 %) |
Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
---|---|---|---|
Q1 2024 | 56.76 % | 41.21 % | 21.98 % |
Q2 2024 | 56.07 % | 37.78 % | 18.43 % |
Q3 2024 | 56.18 % | 33.69 % | 17.51 % |
Q4 2024 | 52.89 % | 29.86 % | 15.65 % |
2024 | 52.89 % | 29.86 % | 15.65 % |
Period | Shares Outstanding (M) | EPS (Riyal) | Earnings Per Share before unusual items (Riyal) | Book Value (BV) |
---|---|---|---|---|
Q1 2024 | 732.56 | 2.30 | 1.80 | 28.28 |
Q2 2024 | 732.56 | 2.60 | 1.55 | 28.14 |
Q3 2024 | 732.56 | 2.50 | 1.52 | 25.28 |
Q4 2024 | 732.56 | 2.40 | 1.35 | 29.84 |
Period | P/E | Adjusted P/E | Price/book |
---|---|---|---|
Q1 2024 | More than 100 | More than 100 | 11.54 |
Q2 2024 | More than 100 | More than 100 | 12.51 |
Q3 2024 | More than 100 | More than 100 | 19.56 |
Q4 2024 | More than 100 | More than 100 | 13.45 |
Q3 2024
Period | Electricity Generation and Thermal Water Desalination | Renewable Energy Sources | Other activities | Water and power generation parts | services segment |
---|---|---|---|---|---|
Q1 2024 | 1,041.16 | 206.24 | 4.36 | - | - |
Q2 2024 | 1,151.80 | 405.70 | 5.07 | - | - |
Q3 2024 | 1,227.05 | 508.21 | 12.18 | - | - |
Item | Q4 2024 (e) | Q4 2024 (a) | Change |
---|---|---|---|
Average | 419.00 | 502.17 | 19.85 % |
Item | Q4 2024 (e) | Q4 2024 (a) | Change |
---|---|---|---|
Al Rajhi Capital | 419.00 | 502.17 | 19.8 % |
Current | |
Market Cap (M Riyal) | 258,740.19 |
Enterprise Value (EV) (M) | 283,378.55 |
Shares Outstanding ((M)) | 732.56 |
EPS ( Riyal) (TTM) | 2.40 |
Book Value (BV) ( Riyal) | 29.84 |
Par Value ( Riyal) | 10.00 |
Adjusted P/E (Last12) | More than 100 |
P/E (TTM) | More than 100 |
Price/book | 11.84 |
Return on Average Assets (%) (TTM) | 3.1 |
Return on Average Equity (%) (TTM) | 4.6 |
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