Riyadh Cement earns SAR 147.9M in 9M 2025, SAR 14.8M in Q3

Riyadh Cement Co.’s net earnings declined to SAR 147.9 million during the first nine months of 2025, versus SAR 229.1 million a year ago.

The annual profit decline was mainly due to lower average selling prices and the higher cost of sales, reflecting increased fuel prices. In addition, the company had claimed SAR 25 million from the Zakat, Tax and Customs Authority (ZATCA) in 2024 — which did not recur this year.

These drawbacks were partly offset by higher sales volumes, increased production that helped reduce average costs, and lower Zakat expenses.

In Q3 2025, net profit decreased 84.4% to SAR 14.8 million, from SAR 94.58 million in the year before.

This came amid lower sales volumes, a decline in average selling prices, and higher fuel costs, along with the absence of last year’s SAR 25 million Zakat claim.

Quarterly results were partially supported by higher production efficiency and reduced Zakat expenses.

On a sequential basis, net earnings also plunged by 74% from SAR 57.47 million in the second quarter of this year. This was attributed to lower sales given weaker average selling prices.

Total shareholders’ equity (no minority interest) stood at SAR 1.65 billion by Sept. 30, 2025, compared to SAR 1.69 billion a year earlier.

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