Saudi Cement Reports SAR 100.2M Net Profit in Three Months 2026
SAUDI CEMENT 3030.SA | 0.00 |
On 2026-05-05 15:39:56 (Saudi Time), Saudi 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 | 382.8 | 418.2 | -8.464 | 457.5 | -16.327 |
| Gross Profit (Loss) | 156.5 | 172.6 | -9.327 | 167.5 | -6.567 |
| Operational Profit (Loss) | 108.6 | 116.9 | -7.1 | 115.7 | -6.136 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 100.2 | 108.5 | -7.649 | 106.5 | -5.915 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 100.2 | 108.5 | -7.649 | 104.7 | -4.297 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 2,320 | 2,349 | -1.234 |
| Profit (Loss) per Share | 0.65 | 0.71 | |
| 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
Sales declined 8.464% YoY to SAR 382.8 million due to decreased total quantity and value sold. Net profit decreased 7.649% YoY to SAR 100.2 million, primarily driven by lower sales revenue and reduced share of profit from associate investments, despite cost savings from lower selling and distribution expenses, reduced finance costs, and increased other revenues.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 16.33% from 457.5 million to 382.8 million SAR due to decreased total quantity and value sold. Net profit dropped 5.92% from 106.5 million to 100.2 million SAR, primarily driven by lower sales revenue and reduced share of profit from associate investments, despite benefits from decreased selling expenses, lower finance costs, and increased other revenues.
Other Items
Auditors issued an unmodified conclusion with an other matter paragraph noting that the condensed consolidated interim financial statements for the three-month period ended March 31, 2025 were reviewed by another auditor who expressed an unmodified conclusion on May 13, 2025. Total shareholders equity decreased 1.234% to SAR 2,320 million. Earnings per share declined from SAR 0.71 to SAR 0.65.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94971&anCat=1&cs=3030&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.