Eastern Province Cement Reports SAR 141M Net Profit in the Six Months 2026
EPCCO 3080.SA | 0.00 |
On 2026-07-26 15:41:48 (Saudi Time), Eastern Province 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 | 344 | 311 | 10.61 | 354 | -2.824 |
| Gross Profit (Loss) | 100 | 93 | 7.526 | 100 | - |
| Operational Profit (Loss) | 80 | 77 | 3.896 | 81 | -1.234 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 69 | 63 | 9.523 | 72 | -4.166 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 90 | 34 | 164.705 | 81 | 11.111 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 698 | 609 | 14.614 |
| Gross Profit (Loss) | 200 | 190 | 5.263 |
| Operational Profit (Loss) | 161 | 154 | 4.545 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 141 | 125 | 12.8 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 170 | 93 | 82.795 |
| Total Shareholders Equity (after Deducting Minority Equity) | 2,460 | 2,301 | 6.91 |
| Profit (Loss) per Share | 0.8 | 0.74 | |
| 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 | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
For the six-month period ending 30 June 2026, Eastern Province Cement Co. reported sales/revenue of SAR 698 million, up 14.614% YoY from SAR 609 million, driven by higher volumes of cement sales and increased precast sales value. Net profit attributable to shareholders rose 12.8% YoY to SAR 141 million from SAR 125 million, primarily due to higher gross profit resulting from the revenue increase, a greater share of results from the associate company, a decrease in other expenses, and increased gains from the revaluation of investments at fair value through profit and loss.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 2.824% to SAR 344 million, driven by lower cement sales volumes and reduced precast sales value. Net profit fell 4.166% QoQ to SAR 69 million, as the revenue decline compressed gross profit, while higher general and administrative expenses, lower dividend and murabaha deposit income, reduced fair value gains on investments, and newly recognized expected credit loss provisions further weighed on the bottom line.
Other Items
The external auditor issued an unmodified conclusion on the interim financial results for the six months ended June 30, 2026. Total comprehensive income attributable to shareholders for the current period reached SAR 170 million, up 82.795% from SAR 93 million in the same period of the prior year, while total shareholders' equity (after deducting minority equity) stood at SAR 2,460 million, compared to SAR 2,301 million a year earlier, representing a 6.91% increase. Earnings per share for the current period were SAR 0.8, versus SAR 0.74 in the prior-year period. No additional comments, reservations, or other matters were noted in the auditor's report, and no reclassification of comparison items was applicable.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96989&anCat=1&cs=3080&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.