City Cement Reports SAR 44.77M Net Profit in the Six Months 2026
CITY CEMENT 3003.SA | 0.00 |
On 2026-08-06 15:51:16 (Saudi Time), City Cement Co. 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 | 105,652,492 | 139,491,390 | -24.258 | 119,908,270 | -11.888 |
| Gross Profit (Loss) | 22,905,933 | 51,024,714 | -55.108 | 38,995,145 | -41.259 |
| Operational Profit (Loss) | 10,967,269 | 33,479,096 | -67.241 | 25,884,750 | -57.63 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 14,594,485 | 36,381,279 | -59.884 | 30,178,883 | -51.64 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 14,451,617 | 36,110,055 | -59.978 | 30,577,349 | -52.737 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 225,560,762 | 288,757,308 | -21.885 |
| Gross Profit (Loss) | 61,901,078 | 112,192,257 | -44.825 |
| Operational Profit (Loss) | 36,852,019 | 81,449,850 | -54.754 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 44,773,367 | 87,920,490 | -49.075 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 45,028,965 | 87,504,166 | -48.54 |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,807,470,367 | 1,882,634,198 | -3.992 |
| Profit (Loss) per Share | 0.32 | 0.63 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
For the six-month period ending 30 June 2026, City Cement Co. reported sales/revenue of SAR 225,560,762 (SAR 22.56 million), down 21.885% YoY from SAR 288,757,308 (SAR 28.88 million), driven by a decline in both sales volume and average selling price. Net profit attributable to shareholders fell 49.075% YoY to SAR 44,773,367 (SAR 4.48 million) from SAR 87,920,490 (SAR 8.79 million), as the revenue decline was compounded by higher cost of sales due to elevated fuel prices, which significantly compressed gross profit margins by 44.825% YoY. These negative impacts were only partially offset by reductions in general and administrative expenses as well as selling and marketing expenses.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 11.888% to SAR 105.65 million (from SAR 119.91 million in the previous quarter), driven by a decrease in both sales volume and average selling price. Net profit attributable to shareholders fell 51.64% QoQ to SAR 14.59 million (from SAR 30.18 million), primarily due to the same factors — lower sales volume and reduced average selling price — which compressed gross profit margin significantly (gross profit dropped 41.259% QoQ to SAR 22.91 million).
Other Items
The external auditor issued an unmodified conclusion on City Cement Co.'s interim financial results for the six months ended June 30, 2026, with no additional comments, reservations, or qualifications noted. No material risks such as going concern uncertainties or debt covenant breaches were flagged. Some comparative figures have been reclassified to conform with the current period's presentation. Total shareholders' equity (after deducting minority equity) stood at SAR 1,807,470,367 as of the current period, compared to SAR 1,882,634,198 in the same period of the prior year, a decline of 3.992%. Earnings per share for the current six-month period were SAR 0.32, down from SAR 0.63 in the same period of the previous year. No fair value changes in investment properties were reported.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97351&anCat=1&cs=3003&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.