Northern Region Cement Reports SAR 31.09M Net Profit in the Six Months 2026
NORTHERN CEMENT 3004.SA | 0.00 |
On 2026-08-06 15:59:16 (Saudi Time), Northern Region 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 | 248,372 | 180,773 | 37.394 | 175,844 | 41.245 |
| Gross Profit (Loss) | 57,274 | 54,874 | 4.373 | 45,190 | 26.74 |
| Operational Profit (Loss) | 38,248 | 32,123 | 19.067 | 28,307 | 35.118 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 19,409 | 13,188 | 47.171 | 11,685 | 66.101 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 19,459 | 10,475 | 85.766 | 11,598 | 67.778 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 424,216 | 325,825 | 30.197 |
| Gross Profit (Loss) | 102,464 | 101,656 | 0.794 |
| Operational Profit (Loss) | 66,555 | 59,253 | 12.323 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 31,094 | 21,007 | 48.017 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 31,057 | 23,042 | 34.784 |
| Total Shareholders Equity (after Deducting Minority Equity) | 2,293,180 | 2,275,255 | 0.787 |
| Profit (Loss) per Share | 0.17 | 0.12 | |
| 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
For the six-month period ending 30 June 2026, sales/revenue increased 30.197% YoY to SAR 424.22 million (from SAR 325.83 million), primarily driven by higher sales volumes resulting from the commencement of operations of certain overseas investments. Net profit attributable to shareholders rose 48.017% YoY to SAR 31.09 million (from SAR 21.01 million), mainly attributable to the increase in sales, with gross profit remaining relatively stable at SAR 102.46 million versus SAR 101.66 million in the prior period, indicating that the profit growth was largely supported by improved operational efficiency and higher revenue contribution from the new overseas operations.
Quarter-on-Quarter Performance Drivers
QoQ revenue surged 41.245% to SAR 248.37 million (from SAR 175.84 million in the previous quarter), driven primarily by higher sales volumes resulting from the commencement of operations of certain overseas investments. Net profit attributable to shareholders rose 66.101% QoQ to SAR 19.41 million (from SAR 11.69 million), with the increase mainly attributable to the growth in sales.
Other Items
The external auditor issued an unmodified conclusion on the interim financial results for the six months ended June 30, 2026. No additional comments were noted in the auditor's report under any other matter, conservation, notice, disclaimer of opinion, or adverse opinion paragraphs. Total shareholders' equity (after deducting minority equity) stood at SAR 2,293,180 thousand as of the current period, compared to SAR 2,275,255 thousand in the same period of the previous year, representing a 0.787% increase. Earnings per share for the current six-month period were SAR 0.17, up from SAR 0.12 in the same period of the prior year. No material risks, going concern uncertainties, accumulated losses, or reclassification of comparison items were disclosed in this announcement.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97357&anCat=1&cs=3004&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.