Saudi Cement Reports SAR 202.2M Net Profit in the Six Months 2026
SAUDI CEMENT 3030.SA | 0.00 |
On 2026-08-06 15:46:30 (Saudi Time), Saudi 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 | 434.8 | 431.5 | 0.764 | 382.8 | 13.584 |
| Gross Profit (Loss) | 168.7 | 155 | 8.838 | 156.5 | 7.795 |
| Operational Profit (Loss) | 110.8 | 104.9 | 5.624 | 108.6 | 2.025 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 102 | 95.5 | 6.806 | 100.2 | 1.796 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 102 | 95.5 | 6.806 | 100.2 | 1.796 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 817.5 | 849.8 | -3.8 |
| Gross Profit (Loss) | 325.2 | 327.6 | -0.732 |
| Operational Profit (Loss) | 219.4 | 221.8 | -1.082 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 202.2 | 204 | -0.882 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 202.2 | 204 | -0.882 |
| Total Shareholders Equity (after Deducting Minority Equity) | 2,146.7 | 2,062 | 4.107 |
| Profit (Loss) per Share | 1.32 | 1.33 | |
| 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, Saudi Cement Co. reported a YoY decline in sales/revenue of 3.8% to SAR 817.5 million (from SAR 849.8 million), driven by a decrease in total value and quantities sold. Net profit attributable to shareholders fell marginally by 0.882% YoY to SAR 202.2 million (from SAR 204.0 million), impacted by lower sales revenue, reduced other revenues, and a decreased share of profit from an associate, as well as higher general and administrative expenses, partially offset by lower selling and distribution expenses and reduced finance charges.
Quarter-on-Quarter Performance Drivers
QoQ revenue rose 13.584% to SAR 434.8 million, driven by an increase in total value and quantities sold. Net profit attributable to shareholders grew 1.796% QoQ to SAR 102 million, supported by higher sales revenue and an increased share of profit from an associate, despite headwinds from higher selling and distribution expenses, higher general and administrative expenses, higher finance charges, and lower other revenues.
Other Items
The external auditor issued an unmodified conclusion with no additional comments or reservations noted. No material risks, going concern uncertainties, debt covenant breaches, or reclassification of comparison items were reported. Total shareholders' equity (after deducting minority equity) stood at SAR 2,146.7 million as of the current period, compared to SAR 2,062.0 million in the same period of the prior year, reflecting a 4.107% increase. Earnings per share for the current period were SAR 1.32, compared to SAR 1.33 in the same period of the prior year. No profits or losses resulting from changes in investment property fair value were recorded.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97346&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.