Umm Al-Qura Cement Reports SAR 37.42M Net Profit in the Six Months 2026
UACC 3005.SA | 0.00 |
On 2026-08-05 15:52:10 (Saudi Time), Umm Al-Qura 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 | 77,890 | 62,070 | 25.487 | 88,343 | -11.832 |
| Gross Profit (Loss) | 20,081 | 18,505 | 8.516 | 32,065 | -37.374 |
| Operational Profit (Loss) | 16,466 | 14,405 | 14.307 | 28,268 | -41.75 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 12,776 | 9,900 | 29.05 | 24,648 | -48.166 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 12,787 | 9,855 | 29.751 | 24,644 | -48.113 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 166,233 | 122,526 | 35.671 |
| Gross Profit (Loss) | 52,147 | 37,440 | 39.281 |
| Operational Profit (Loss) | 44,733 | 29,267 | 52.844 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 37,424 | 20,810 | 79.836 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 37,430 | 20,736 | 80.507 |
| Total Shareholders Equity (after Deducting Minority Equity) | 896,467 | 834,329 | 7.447 |
| Profit (Loss) per Share | 0.68 | 0.38 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
For the six-month period ending June 30, 2026, sales/revenue increased 35.671% YoY to SAR 166.23 million (from SAR 122.53 million), driven by higher sales volume and an improvement in the average selling price per ton. Net profit attributable to shareholders surged 79.836% YoY to SAR 37.42 million (from SAR 20.81 million), supported by the increase in sales quantity and value, alongside a reduction in selling, marketing, general and administrative expenses, as well as lower financing costs.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 11.832% to SAR 77.89 million (from SAR 88.34 million in the previous quarter), driven primarily by a lower average selling price per ton, which more than offset an increase in sales volume. Net profit fell sharply by 48.166% QoQ to SAR 12.78 million (from SAR 24.65 million), with the decrease in the selling price per ton cited as the main driver of the profit contraction.
Other Items
The external auditor issued an unmodified conclusion on the condensed interim financial information for the three-month and six-month periods ended June 30, 2026. As noted in the auditor's report, the financial statements of Umm Al-Qura Cement Co. for the year ended December 31, 2025, were audited by another auditor who issued an unmodified opinion on March 15, 2026, and the condensed interim financial information for the comparable periods ended June 30, 2025, was also reviewed by another auditor who issued an unmodified opinion on August 4, 2025. No accumulated losses were reported. Total shareholders' equity (after deducting minority equity) stood at SAR 896,467 thousand as of the current period, compared to SAR 834,329 thousand in the same period of the prior year, representing a 7.447% increase. Earnings per share for the current six-month period were SAR 0.68, up from SAR 0.38 in the same period of the previous year. Some comparative figures for the previous year have been reclassified in line with the current year's classification. No material risks or going concern issues were identified in the disclosure.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97301&anCat=1&cs=3005&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.