Eastern Cement Co. posted SAR 202 million in net profit for 2025, down 19% from SAR 248 million in the same period last year.
| Item | 2024 | 2025 | Change |
|---|---|---|---|
| Revenues | 1,211.00 | 1,262.00 | 4.2 % |
| Gross Income | 374.00 | 339.00 | (9.4 %) |
| Operating Income | 297.00 | 262.00 | (11.8 %) |
| Net Income | 248.00 | 202.00 | (18.5 %) |
| Average Shares | 86.00 | 86.00 | - |
| Earnings Per Share before unusual items (Riyals) | 3.34 | 2.50 | (25.2 %) |
| EPS (Riyal) | 2.88 | 2.35 | (18.5 %) |
The profit decline was attributed to a rise in gross profit on higher cost of revenue, lower investment income from dividends and Murabaha, losses from revaluation of investments at fair value through profit or loss (FVTPL), and provisions for expected credit losses (ECL).
On the other hand, the company highlighted a rise in revenue driven by higher cement sales volumes and increased value and volume of precast concrete sales.
Net earnings fell by 35% to SAR 41 million in Q4 2025, from SAR 63 million in Q4 2024.
On a sequential basis, the cement producer’s bottom line grew 15% from SAR 35.66 million in Q3 2025.
| Item | Q4 2024 | Q4 2025 | Change |
|---|---|---|---|
| Revenues | 348.00 | 354.00 | 1.7 % |
| Gross Income | 107.00 | 91.00 | (15.0 %) |
| Operating Income | 85.00 | 70.00 | (17.6 %) |
| Net Income | 63.00 | 41.00 | (34.9 %) |
| Average Shares | 86.00 | 86.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.92 | 0.48 | (48.1 %) |
| EPS (Riyal) | 0.73 | 0.48 | (34.9 %) |
| Item | Q3 2025 | Q4 2025 | Change |
|---|---|---|---|
| Revenues | 298.64 | 354.00 | 18.5 % |
| Gross Income | 58.26 | 91.00 | 56.2 % |
| Operating Income | 38.08 | 70.00 | 83.8 % |
| Net Income | 35.66 | 41.00 | 15.0 % |
| Average Shares | 86.00 | 86.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.46 | 0.48 | 4.3 % |
| EPS (Riyal) | 0.41 | 0.48 | 15.0 % |
Total shareholders’ equity, no minority interest, amounted to SAR 2.34 billion as of Dec. 31, 2025, compared to SAR 2.29 billion a year earlier.
| Company | Estimated | Actual | Change |
|---|---|---|---|
| EPCCO | 68.68 | 41.00 | |
| SMASCO | 41.00 | 40.02 | |
| CITY CEMENT | 21.73 | 32.26 | |
| ALMUNAJEM | 33.50 | 57.20 | |
| NICE ONE | 11.60 | (25.78) | |
| ALUJAIN | 7.55 | (845.44) | |
| BURGERIZZR | 4.20 | 3.99 | |
| SIPCHEM | (282.84) | (417.94) | |
| CHERRY | 14.00 | 17.79 | |
| MASAR | 83.00 | 70.49 |
| Company | Estimated | Actual | Change |
|---|---|---|---|
| EPCCO | 68.68 | 40.91 | |
| SMASCO | 41.00 | 40.02 | |
| CITY CEMENT | 21.73 | 32.26 | |
| ALMUNAJEM | 33.50 | 57.20 | |
| NICE ONE | 11.60 | (25.78) | |
| ALUJAIN | 7.55 | 5.57 | |
| BURGERIZZR | 4.20 | 3.99 | |
| SIPCHEM | (282.84) | (417.94) | |
| CHERRY | 14.00 | 17.79 | |
| MASAR | 83.00 | 70.49 |
Be the first to comment
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments Analysis: