Najran Cement Reports SAR 6.11M Net Profit in Three Months 2026
NAJRAN CEMENT 3002.SA | 0.00 |
On 2026-05-11 09:01:48 (Saudi Time), Najran Cement Company announced its quarterly financial results for the three months ended on March 31, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 123,018 | 135,240 | -9.037 | 133,516 | -7.862 |
| Gross Profit (Loss) | 22,872 | 33,834 | -32.399 | 33,368 | -31.455 |
| Operational Profit (Loss) | 11,332 | 22,744 | -50.175 | 22,165 | -48.874 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 6,108 | 17,190 | -64.467 | 11,965 | -48.951 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 6,108 | 17,190 | -64.467 | 11,729 | -47.923 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 2,041,086 | 2,053,046 | -0.582 |
| Profit (Loss) per Share | 0.04 | 0.1 | |
| All figures are in (Thousands) 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 (Thousands) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales revenue declined 9.037% YoY to SAR 123.02 million from SAR 135.24 million, primarily due to decreases in both sales prices and sales volumes. Net profit dropped significantly by 64.467% YoY to SAR 6.11 million from SAR 17.19 million, driven by the combined impact of lower sales prices, reduced sales volumes, and increased production input costs, despite a decrease in finance costs.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 7.862% to SAR 123.02 million due to reduced sales volumes affected by limited demand during Ramadan and Eid Al-Fitr. Net profit dropped 48.951% to SAR 6.11 million, driven by the same demand-related revenue decline that impacted the quarter.
Other Items
Auditors issued a qualified opinion due to insufficient appropriate audit evidence to evaluate the reasonableness of key assumptions and forecasts used in management's impairment assessment of property, plant and equipment with a carrying amount of SAR 1,921 million as of March 31, 2026. The impairment assessment was conducted due to indicators including declining net profit compared to prior years and underutilization of main production lines. Auditors were unable to determine whether any adjustments might be necessary to the financial statements. Total shareholders equity decreased 0.582% to SAR 2,041,086 thousand, while earnings per share declined from SAR 0.1 to SAR 0.04.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95228&anCat=1&cs=3002&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.