Yanbu Cement Reports SAR 68.80M Net Profit in the Six Months 2026
YCC 3060.SA | 0.00 |
On 2026-08-06 08:08:59 (Saudi Time), Yanbu Cement Company 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 | 233.25 | 274.3 | -14.965 | 254.09 | -8.201 |
| Gross Profit (Loss) | 67.54 | 69.57 | -2.917 | 75.69 | -10.767 |
| Operational Profit (Loss) | 35.84 | 27.94 | 28.274 | 42.75 | -16.163 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 31.26 | 21.62 | 44.588 | 37.54 | -16.728 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 31.26 | 21.62 | 44.588 | 37.54 | -16.728 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 487.33 | 540.74 | -9.877 |
| Gross Profit (Loss) | 143.22 | 144.66 | -0.995 |
| Operational Profit (Loss) | 78.59 | 63.82 | 23.143 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 68.8 | 51.53 | 33.514 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 68.8 | 51.53 | 33.514 |
| Total Shareholders Equity (after Deducting Minority Equity) | 2,463.04 | 2,657.61 | -7.321 |
| Profit (Loss) per Share | 0.2 | 0.14 | |
| 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 ended 30 June 2026, Yanbu Cement Company reported sales/revenue of SAR 487.33 million, a decline of 9.877% YoY from SAR 540.74 million, primarily driven by lower sales volumes in both domestic and export markets, despite higher selling prices. Net profit attributable to shareholders rose 33.514% YoY to SAR 68.8 million from SAR 51.53 million, mainly due to lower cost of sales, reduced selling and administrative expenses, and decreased finance costs.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 8.201% to SAR 233.25 million (from SAR 254.09 million in the previous quarter), driven by lower domestic and export sales volumes. Net profit fell 16.728% to SAR 31.26 million (from SAR 37.54 million), primarily due to the reduced revenue from both domestic and export sales, which outweighed the benefit of lower general and administrative expenses.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, reservations, or other matters noted. No reclassification of comparison items was reported, and no additional information was disclosed. Total shareholders' equity (after deducting minority equity) stood at SAR 2,463.04 million as of the current period, compared to SAR 2,657.61 million in the same period of the previous year, a decline of 7.321%. Earnings per share for the current period were SAR 0.2, up from SAR 0.14 in the corresponding period of the prior 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=97331&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.