Beverage Manufacturing & Distribution (Water Bottling, Soft Drinks, Juices)
Strategic Profile
The company maintains a diversified business model extending beyond water bottling into beverages wholesale, retail distribution, and complementary sectors including livestock breeding and transportation. Naqi emphasizes continuous R&D to deliver quality products at competitive prices, positioning itself as a steady growth player in Saudi Arabia's essential consumer goods market.
Cyborg Score Rationale
Naqi demonstrates stable market presence with leading sector positioning and reasonable profitability (23% EBITDA margin). However, recent financial trends show declining revenue and net income, with H1 2023 sales down 14% YoY, suggesting competitive pressures and market saturation requiring strategic attention.
Top Insights
Among leading players in Saudi water bottling sector with ascending Gulf presence
Diversified operations beyond water including soft drinks, juices, livestock, and transportation reduce single-category dependency
Q2 2023 revenue declined 24% YoY to SAR 59.76M and net income fell 38% to SAR 13.22M, signaling market challenges
Strong 23% EBITDA margin and market cap of ~1.15B SAR (approximately $306M USD) provide financial stability
Named Competitors
Bottled Water & Beverages — Local and multinational bottled water and beverage suppliers in Saudi Arabia
Recent Developments
(June 2023) Q2 2023 results reported showing YoY revenue decline of 24% and net income decline of 38%
(January 2026) Stock trading near 58.80 SAR with 52-week range of 49.06-70.00 SAR
(2024) Dividend yield adjusted to 0.00% with zero payout ratio, down from 1.95% in prior year
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