Yamama Cement Reports SAR 265.39M Net Profit in the Six Months 2026
YC 3020.SA | 0.00 |
On 2026-08-03 09:26:21 (Saudi Time), Yamama 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 | 354,959 | 362,387 | -2.049 | 339,797 | 4.462 |
| Gross Profit (Loss) | 150,154 | 156,995 | -4.357 | 154,708 | -2.943 |
| Operational Profit (Loss) | 123,143 | 134,074 | -8.152 | 132,277 | -6.905 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 121,514 | 121,004 | 0.421 | 143,871 | -15.539 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 121,916 | 121,138 | 0.642 | 144,854 | -15.835 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 694,756 | 711,416 | -2.341 |
| Gross Profit (Loss) | 304,862 | 327,831 | -7.006 |
| Operational Profit (Loss) | 255,420 | 282,623 | -9.625 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 265,385 | 263,083 | 0.875 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 266,770 | 262,904 | 1.47 |
| Total Shareholders Equity (after Deducting Minority Equity) | 5,033,961 | 4,903,737 | 2.655 |
| Profit (Loss) per Share | 1.31 | 1.3 | |
| 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 | - | - | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
For the six-month period ending 30 June 2026, Yamama Cement Co. reported sales/revenue of SAR 694.76 million, down 2.341% YoY from SAR 711.42 million, primarily driven by a decrease in the average selling price despite an increase in sales volume. Net profit attributable to shareholders rose marginally by 0.875% YoY to SAR 265.39 million from SAR 263.08 million, supported by higher other income from the sale of certain production line accessories and gas turbines from the old plant as well as income from other investments, alongside a decrease in other finance expenses.
Quarter-on-Quarter Performance Drivers
QoQ revenue rose 4.462% to SAR 354.96 million (from SAR 339.80 million), driven by higher sales volume despite a decline in the average selling price. Net profit, however, fell 15.539% QoQ to SAR 121.51 million (from SAR 143.87 million), primarily due to the lower average selling price, a decrease in other income from reduced proceeds on the sale of old plant production line accessories compared to the prior quarter, and higher administrative and selling expenses.
Other Items
The external auditor issued an unmodified conclusion with no additional comments or reservations noted. Certain comparative figures have been reclassified to conform to the presentation of the current period. Total shareholders' equity (after deducting minority equity) stood at SAR 5,033,961 thousand as of the current period, up 2.655% from SAR 4,903,737 thousand in the same period of the prior year. Earnings per share for the current period were SAR 1.31, compared to SAR 1.30 in the same period of the previous year. No material risks, going concern uncertainties, debt covenant breaches, or accumulated losses were reported.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97193&anCat=1&cs=3020&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.