Yanbu Cement Reports SAR 37.54M Net Profit in Three Months 2026
YCC 3060.SA | 0.00 |
On 2026-05-10 15:35:17 (Saudi Time), Yanbu Cement Company announced its Interim financial results for the three months ended on March 31, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 254.09 | 266.44 | -4.635 | 245.69 | 3.418 |
| Gross Profit (Loss) | 75.69 | 75.09 | 0.799 | 61.27 | 23.535 |
| Operational Profit (Loss) | 42.75 | 35.88 | 19.147 | 34.62 | 23.483 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 37.54 | 29.91 | 25.509 | 24.57 | 52.787 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 37.54 | 29.91 | 25.509 | 24.94 | 50.521 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 2,549.9 | 2,635.99 | -3.265 |
| Profit (Loss) per Share | 0.24 | 0.19 | |
| 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 | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales declined 4.635% YoY to SAR 254.09 million primarily due to lower export sales volumes, despite stable domestic sales volumes and improved average selling prices. Net profit increased 25.509% YoY to SAR 37.54 million, driven by improved average selling prices, lower cost of revenues, reduced selling and distribution expenses from lower export volumes, and decreased financing costs.
Quarter-on-Quarter Performance Drivers
QoQ revenue increased 3.418% to 254.09 million SAR, driven by higher export sales and increased average local selling prices. Net profit surged 52.787% to 37.54 million SAR, primarily due to the higher export sales and increased average domestic selling prices, despite a decline in domestic sales volumes.
Other Items
The auditor issued an unmodified conclusion with no comments mentioned in other matter, conservation, notice, disclaimer of opinion, or adverse opinion paragraphs. No accumulated losses were reported, with the accumulated losses percentage of capital showing zero. Total shareholders equity decreased 3.265% to SAR 2,549.9 million compared to the previous year period. Earnings per share improved to SAR 0.24 from SAR 0.19 in the comparable prior year quarter.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95178&anCat=1&cs=3060&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.