Below are the financial statements of Saudi Electricity, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
All figures in millions of SAR | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Operating revenues | 88,665.64a | 75,329.67a | 72,079.42a | 69,338.04a | 68,708.92a |
Cost of sales | -71,179.37a | -59,808.3a | -52,319.61a | -48,796.08a | -60,386.39a |
Gross profit | 17,486.27a | 15,521.38a | 19,759.82a | 20,541.96a | 8,322.53a |
General and administrative expenses | -1,594.54a | -1,552.1a | -1,609.52a | -884.91a | -1,167.37a |
Total operating expenses | -72,773.9a | -61,360.4a | -53,929.13a | -49,680.98a | -61,553.76a |
Other income/(expenses), net | 1,330.43a | 46.5a | 1,214.12a | -812.88a | 1,610.39a |
Fuel settlement expense | -5,687.33a | 0a | 0a | -207.93a | -808.09a |
Reversal/(provision) on financial asset | 235.09a | 149.87a | -1,378.48a | -1,074.93a | -253.64a |
Operating profit for the year | 11,769.92a | 14,165.64a | 17,985.94a | 17,561.32a | 7,703.82a |
Financing expenses, net | -4,849.61a | -3,651.03a | -2,680.67a | -2,558.93a | -4,890.05a |
Share of gain (loss) on equity accounted investees | 134.06a | 83.67a | 307.75a | -10.2a | 4.34a |
Zakat and income tax expense | -187.43a | -348.98a | -416.62a | -455.93a | -285.49a |
Net profit for the year from continuing operations | 6,866.94a | 10,249.3a | 15,196.4a | 14,536.26a | 3,103.59a |
Discontinued operations | 0a | 0a | 0a | 0a | 0a |
Net loss from discontinued operations | 0a | 0a | -61.18a | -145.39a | -78.04a |
Net profit of the year | 6,866.94a | 10,249.3a | 15,135.22a | 14,390.87a | 3,025.55a |
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