Qassim Cement Company Continues Strategic Growth Despite Unprecedented Market Challenges

Qassim Cement Company today announced its interim financial results for the nine-month period ended 30 September 2025, highlighting the continued growth in revenues supported by its expansion strategy and increased domestic demand: 

The CEO and Board of Directors Member, Eng. Omar bin Abdullah Al-Omar, stated that the company was able to achieve revenue growth during the nine-month period ending on 30/09/2025, where the revenues for the current period amounted to SAR 843 million, with an increase of 26.8% compared to the same period of the previous year, and this increase is mainly due to the positive impact of the acquisition of Hail Cement Company as of 10/06/2024, in addition to the increase in the cement demand in the local market by 13% compared to the same period of the previous year.

Despite the growth in revenues and increased demand, Eng. Al-Omar indicated that the gross profit achieved during the period amounted to SAR 197 million, with a decrease of (16%) compared to the same period of the previous year. Net profit for the period reached SAR 191 million, with a decrease of (9.8%) compared to the same period of the previous year, due to the decline in the average selling price of cement, especially during the third quarter, due to the pricing practices. In addition to the rise in fuel costs since beginning of the current year and the impact it has had on operational and logistical costs.

Results for the third quarter compared to the previous quarter:

Eng. Omar Al-Omar confirmed that the company's revenues during the third quarter amounted to SAR 247 million, with a decrease of (15.9%) compared to the previous quarter, despite the increase in sales volume. The gross profit for the third quarter reached SAR 33 million, with a decrease of (54%) compared to the previous quarter. While the net profit for the third quarter reached SAR 41 million, with a decrease of (32%) compared to the previous quarter, These declines are due to pricing practices that are not compatible with the growth in the volume of demand for cement, which led to a significant decrease in the average selling price of cement during the third quarter of this year, which negatively impacted the company's profitability.

Qassim Cement reaffirms its firm commitment to achieving the highest standards of operational efficiency, excellence and strategic growth, and to continue its efforts to ensure sustainability and maintain its outstanding performance and the interests of its shareholders.