Qassim Cement Reports SAR 68.72M Net Profit in Three Months 2026
QACCO 3040.SA | 0.00 |
On 2026-05-06 08:37:25 (Saudi Time), QASSIM CEMENT COMPANY announced its Interim 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 | 292,794,530 | 302,683,904 | -3.267 | 290,320,967 | 0.852 |
| Gross Profit (Loss) | 76,879,299 | 90,471,153 | -15.023 | 64,052,231 | 20.025 |
| Operational Profit (Loss) | 72,585,971 | 88,665,232 | -18.134 | 68,427,539 | 6.077 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 68,721,990 | 88,616,441 | -22.45 | 68,862,026 | -0.203 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 68,721,990 | 88,616,441 | -22.45 | 67,784,936 | 1.382 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 2,638,681,118 | 2,750,953,873 | -4.081 |
| Profit (Loss) per Share | 0.63 | 0.81 | |
| 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
Sales declined 3.267% YoY to SAR 292.79 million primarily due to a decline in average selling prices. Net profit decreased 22.45% YoY to SAR 68.72 million, driven by lower average selling prices and increased operating costs following higher fuel prices since the beginning of the current year.
Quarter-on-Quarter Performance Drivers
QoQ revenue increased 0.852% to 292.79 million due to higher average selling prices, despite lower sales volumes during Ramadan and Eid El-Fitr. Net profit declined 0.203% to 68.72 million as increased G&A and S&M expenses offset the revenue gains and reduced cost of sales.
Other Items
The auditor issued an unmodified conclusion for the interim financial statements. The external auditor noted that the consolidated financial statements for the period ended March 31, 2025, were audited by another auditor who expressed an unmodified opinion on May 15, 2025. The company completed the acquisition of 100% of Hail Cement Company shares on June 10, 2024, accounting for it under IFRS 3 (Business Combinations) with provisional values pending fair value determination within 12 months. Following completion of asset and liability valuation, the accounting impact was reflected in the interim consolidated financial statements as of March 31, 2025. Some comparative figures were reclassified to align with current year presentation, and previous quarter figures were adjusted in accordance with IFRS 3.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95006&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.