Riyadh Cement Reports SAR 110M Net Profit in the Six Months 2026
RIYADH CEMENT 3092.SA | 0.00 |
On 2026-08-06 09:28:43 (Saudi Time), Riyadh 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 | 193 | 191 | 1.047 | 200 | -3.5 |
| Gross Profit (Loss) | 58 | 69 | -15.942 | 73 | -20.547 |
| Operational Profit (Loss) | 49 | 60 | -18.333 | 62 | -20.967 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 50 | 57 | -12.28 | 60 | -16.666 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 51 | 56 | -8.928 | 60 | -15 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 393 | 416 | -5.528 |
| Gross Profit (Loss) | 130 | 155 | -16.129 |
| Operational Profit (Loss) | 111 | 137 | -18.978 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 110 | 133 | -17.293 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 111 | 132 | -15.909 |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,758 | 1,718 | 2.328 |
| Profit (Loss) per Share | 0.92 | 1.11 | |
| 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, Riyadh Cement Co. reported sales/revenue of SAR 393 million, a decline of 5.528% YoY from SAR 416 million, primarily driven by lower sales volumes and selling prices of grey cement, partially offset by increases in both sales volumes and selling prices of white cement. Net profit attributable to shareholders fell 17.293% YoY to SAR 110 million from SAR 133 million, mainly due to the decrease in revenue and an increase in the cost of sales resulting from higher fuel prices.
Quarter-on-Quarter Performance Drivers
QoQ, revenue declined 3.5% to SAR 193 million, driven by lower grey cement sales volumes and selling prices, which outweighed gains from higher white cement volumes and prices. Net profit fell 16.666% QoQ to SAR 50 million, primarily due to the decrease in overall revenue.
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 any other matter, conservation, notice, disclaimer of opinion, or adverse opinion paragraphs. Total shareholders' equity (after deducting minority equity) stood at SAR 1,758 million as of the current period, compared to SAR 1,718 million in the same period of the previous year, representing an increase of 2.328%. Earnings per share for the current period were SAR 0.92, down from SAR 1.11 in the same period of the prior year. No material risks, going concern uncertainties, debt covenant breaches, or accumulated loss disclosures were reported in this announcement.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97342&anCat=1&cs=3092&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/24592_5246_2026-08-06_09-19-06_en.pdfImportant 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.