Tabuk Cement Reports SAR 4.61M Net Profit in the Six Months 2026
TCC 3090.SA | 0.00 |
On 2026-08-11 16:08:10 (Saudi Time), Tabuk Cement Co.(3090.SA) 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 | 50.64 | 69.41 | -27.042 | 62.55 | -19.04 |
| Gross Profit (Loss) | 6.7 | 20.49 | -67.301 | 9.96 | -32.73 |
| Operational Profit (Loss) | 1.72 | 15.43 | -88.852 | 5.48 | -68.613 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 0.51 | 14.13 | -96.39 | 4.1 | -87.56 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 0.51 | -3.61 | - | 3.75 | -86.4 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 113.19 | 137.09 | -17.433 |
| Gross Profit (Loss) | 16.66 | 40.98 | -59.346 |
| Operational Profit (Loss) | 7.2 | 30.71 | -76.554 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 4.61 | 27.17 | -83.032 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 4.26 | 8.68 | -50.921 |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,128.87 | 1,188.41 | -5.01 |
| Profit (Loss) per Share | 0.05 | 0.3 | |
| 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, Tabuk Cement Co. reported a 17.433% YoY decline in sales/revenue to SAR 113.19 million (from SAR 137.09 million), primarily driven by weakened business demand for cement due to the suspension of some major projects in the region. Net profit attributable to shareholders fell sharply by 83.032% YoY to SAR 4.61 million (from SAR 27.17 million), with the decline compounded not only by lower sales volumes but also by a significant increase in fuel costs, which squeezed gross profit by 59.346% and operational profit by 76.554% over the same period.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 19.04% to SAR 50.64 million (from SAR 62.55 million in the previous quarter), driven by weakened business demand for cement due to the suspension of some major projects in the region. Net profit attributable to shareholders fell sharply by 87.56% to SAR 0.51 million (from SAR 4.1 million), primarily as a result of the decline in sales. Gross profit also contracted 32.73% QoQ to SAR 6.7 million, reflecting the combined pressure of lower revenues and elevated fuel costs.
Other Items
The external auditor issued an unmodified conclusion on Tabuk Cement Co.'s interim financial results for the six months ended June 30, 2026. No material risks, going concern uncertainties, or debt covenant breaches were flagged in the auditor's report, and no additional comments were noted under any emphasis of matter, reservation, or adverse opinion paragraphs. Total shareholders' equity (after deducting minority equity) stood at SAR 1,128.87 million as of the current period, compared to SAR 1,188.41 million in the same period of the prior year, a decline of 5.01%. Earnings per share for the current period were SAR 0.05, down from SAR 0.3 in the same period of the prior year. The company also noted that certain comparative figures for the previous year have been reclassified to be consistent with the classification in the current year.
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