Saudi Cement Reports SAR 363.7M Net Profit in 2025
SAUDI CEMENT 3030.SA | 0.00 |
On 2026-03-10 08:05:09 (Saudi Time), Saudi Cement Co. announced its Annual financial results for the twelve months ended on December 31, 2025.
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 1,671.2 | 1,675.8 | -0.27 | ||
| Gross Profit (Loss) | 603 | 667.4 | -9.65 | ||
| Operational Profit (Loss) | 402.1 | 463 | -13.15 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 363.7 | 421.9 | -13.79 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 361.8 | 425.5 | -14.97 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 2,219.9 | 2,240.5 | -0.92 | ||
| Profit (Loss) per Share | 2.38 | 2.76 | |||
| 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 | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | The reason of the decrease in sales revenues during the current year compared with last year is due to the decrease in average selling prices in spite of the increase in total quantities sold. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The reason for the decrease in the net profit during the current year compared with last year is attributed to the decrease in average selling prices, decrease in other income, decrease in share of profit of investment in an associate and increase in zakat expense in spite of the decrease in selling and distribution expenses and the decrease in finance cost. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) |
Other matter
The consolidated financial statements of the Group for the year ended December 31, 2024 were audited by another auditor who expressed an unmodified opinion on those consolidated financial statements on March 10, 2025. |
| Reclassification of Comparison Items | None |
| Additional Information | None |
Year-on-Year Performance Drivers
Sales remained relatively stable with only a 0.27% YoY decline to SAR 1,671.2 million, as increased quantities sold were offset by lower average selling prices. Net profit decreased 13.79% YoY to SAR 363.7 million, primarily driven by reduced average selling prices, lower other income, decreased share of profit from associate investments, and higher zakat expenses, despite reductions in selling and distribution expenses and finance costs.
Other Items
The external auditor issued an unmodified opinion on the 2025 financial statements. The auditor's report included an "other matter" paragraph noting that "The consolidated financial statements of the Group for the year ended December 31, 2024 were audited by another auditor who expressed an unmodified opinion on those consolidated financial statements on March 10, 2025." No material risks regarding going concern or debt covenant breaches were disclosed. The company maintained strong profitability with earnings per share of SAR 2.38 and total shareholders' equity of SAR 2,219.9 million.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=93558&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.