ADES Holding Company (2382.SR)

Key financials

ROE: 12.33%; 2025 (actual)
ROA: 3.08%; 2025 (actual)
Gross Margin: 37.87%; 2025 (actual)
Net Margin: 12.23%; 2025 (actual)
Total Assets: SAR 31,411.71M; 2025 (actual)
Net Income: SAR 818.02M; 2025 (actual)
Valuation: SAR 18,810.29M; 2025 (actual)
Stock Price: SAR 17.04; 2025 (actual)

Historical & projected performance

Reported figures and Equlion model projections for the next 5 years.

Metric	2025 (actual)	2026	2027	2028	2029	2030
ROE	12.33%	6.85%	9.53%	7.05%	6.8%	5.94%
Sector average	9.2%	8.87%	9.85%	7.26%	5.83%	3.69%
ROA	3.08%	1.52%	2.24%	1.76%	1.79%	1.63%
Sector average	5.06%	5.12%	5.3%	4.55%	4.16%	3.68%
Gross Margin	37.87%	37.87%	37.87%	37.87%

Amounts in SAR (millions); stock price per share. Values that are missing or fail Equlion's automated data-quality checks are shown as “-”. Stock price and valuation carry no data date: they are the Equlion model's estimate for 2025. Projections are model estimates, not investment advice.

Want the full financial forecast report for ADES Holding Company? It covers the balance sheet, income statement and Equlion model projections.

Net Margin	12.23%	6.96%	10.38%	8.23%	8.39%	7.69%
Sector average	7.79%	8.06%	9.3%	8.47%	8.5%	8.12%

Total Assets	SAR 31,411.71M	SAR 32,031.90M	SAR 32,811.83M	SAR 33,453.06M	SAR 34,117.67M	SAR 34,744.43M
Sector average	SAR 242,499.11M	SAR 273,635.52M	SAR 301,952.23M	SAR 330,339.60M	SAR 359,172.28M	SAR 388,393.18M

Net Income	SAR 818.02M	SAR 481.03M	SAR 726.70M	SAR 584.13M	SAR 603.51M	SAR 561.52M
Sector average	SAR 25,834.21M	SAR 26,626.02M	SAR 27,473.24M	SAR 27,481.62M	SAR 27,864.16M	SAR 28,094.32M

Valuation	SAR 18,810.29M	SAR 18,745.78M	SAR 18,167.05M	SAR 18,104.56M	SAR 18,149.73M	SAR 18,480.35M
Sector average	SAR 408,363.71M	SAR 411,650.82M	SAR 408,502.65M	SAR 409,565.18M	SAR 413,535.69M	SAR 421,565.13M

Stock Price	SAR 17.04	SAR 16.98	SAR 16.45	SAR 16.40	SAR 16.44	SAR 16.74
Sector average	SAR 55.56	SAR 52.83	SAR 49.35	SAR 51.78	SAR 52.62	SAR 58.05