Arabian Cement Reports SAR 90.3M Net Profit in the Six Months 2026
ACC 3010.SA | 0.00 |
On 2026-07-27 08:01:11 (Saudi Time), Arabian Cement Company announced its Interim financial results for the six months ended on June 30, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 229 | 232.8 | -1.632 | 250.2 | -8.473 |
| Gross Profit (Loss) | 54.8 | 37.3 | 46.916 | 77.6 | -29.381 |
| Operational Profit (Loss) | 36.3 | 19.1 | 90.052 | 61.1 | -40.589 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 30.4 | 20.5 | 48.292 | 59.9 | -49.248 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 21 | 10.7 | 96.261 | 63.3 | -66.824 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 479.1 | 470.9 | 1.741 |
| Gross Profit (Loss) | 132.4 | 85.2 | 55.399 |
| Operational Profit (Loss) | 97.5 | 51 | 91.176 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 90.3 | 44.1 | 104.761 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 84.3 | 31.4 | 168.471 |
| Total Shareholders Equity (after Deducting Minority Equity) | 2,562 | 2,521.8 | 1.594 |
| Profit (Loss) per Share | 0.9 | 0.44 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
For the six-month period ending 30 June 2026, Arabian Cement Company's sales/revenue increased modestly by 1.741% YoY to SAR 479.1 million (from SAR 470.9 million), driven primarily by higher export sales volume from the subsidiary company. Net profit attributable to shareholders surged 104.761% YoY to SAR 90.3 million (from SAR 44.1 million), mainly due to an increase in average selling price for the parent company, a decrease in depreciation expense resulting from a revision to the estimated economic useful lives of plant equipment, and increased export sales volume from the subsidiary company, along with the absence of a one-off income tax expense recorded for the subsidiary in the prior year period due to prior years' tax differences, despite higher energy mix purchase costs for the parent company.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 8.473% to SAR 229 million (vs. SAR 250.2 million in the prior quarter), primarily driven by lower sales volume at the parent company due to the overlap of the period with Eid Al-Adha, compounded by a decrease in average selling price. Net profit fell 49.248% QoQ to SAR 30.4 million (from SAR 59.9 million), attributable to the same factors of reduced sales volume and lower average selling prices.
Other Items
The external auditor issued an unmodified conclusion with no additional comments or reservations noted. No accumulated losses were reported. Total shareholders' equity (after deducting minority equity) stood at SAR 2,562 million as of the current period, compared to SAR 2,521.8 million in the same period of the prior year, reflecting a 1.594% increase. Earnings per share for the current six-month period were SAR 0.9, up from SAR 0.44 in the same period last year. No material risks, going concern uncertainties, debt covenant breaches, or reclassification of comparison items were disclosed.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96998&anCat=1&cs=3010&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.