Qassim Cement Reports SAR 120.50M Net Profit in the Six Months 2026
QACCO 3040.SA | 0.00 |
On 2026-07-29 16:20:40 (Saudi Time), QASSIM 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 | 274,565,628 | 293,469,724 | -6.441 | 292,794,530 | -6.225 |
| Gross Profit (Loss) | 57,471,307 | 72,824,087 | -21.082 | 76,879,299 | -25.244 |
| Operational Profit (Loss) | 56,165,089 | 73,470,554 | -23.554 | 72,585,971 | -22.622 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 51,775,841 | 61,064,129 | -15.21 | 68,721,990 | -24.658 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 51,775,841 | 61,064,129 | -15.21 | 68,721,990 | -24.658 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 567,360,158 | 596,153,628 | -4.829 |
| Gross Profit (Loss) | 134,350,606 | 163,295,240 | -17.725 |
| Operational Profit (Loss) | 128,751,060 | 162,135,786 | -20.59 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 120,497,831 | 149,680,570 | -19.496 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 120,497,831 | 149,680,570 | -19.496 |
| Total Shareholders Equity (after Deducting Minority Equity) | 2,602,648,441 | 2,724,209,484 | -4.462 |
| Profit (Loss) per Share | 1.1 | 1.36 | |
| 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, Qassim Cement Company's sales/revenue declined 4.829% YoY to SAR 567.36 million (from SAR 596.15 million), primarily driven by a decline in the average selling price and lower sales volumes. Net profit attributable to shareholders fell 19.496% YoY to SAR 120.50 million (from SAR 149.68 million), with the steeper decline relative to revenue mainly attributable to the same pricing and volume pressures, compounded by an increase in operating costs resulting from higher fuel prices since the beginning of the current year, as well as a decrease in returns from financial investments.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 6.225% to SAR 274.57 million (from SAR 292.79 million), driven by a fall in average selling prices and lower sales volumes. Net profit dropped 24.658% QoQ to SAR 51.78 million (from SAR 68.72 million), attributable to the same pricing and volume pressures, compounded by higher operating expenses and reduced returns from financial investments.
Other Items
The external auditor issued an unmodified conclusion on the interim financial results for the six months ended 30 June 2026. No material risks, going concern issues, debt defaults, or other matters were flagged in the auditor's report. Total shareholders' equity (after deducting minority equity) stood at SAR 2,602,648,441 as of the current period, compared to SAR 2,724,209,484 in the same period of the previous year, a decline of 4.462%. Profit per share for the current period was SAR 1.1, down from SAR 1.36 in the corresponding period of the prior year. No accumulated losses or 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=97076&anCat=1&cs=3040&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.