Financial Results : Southern Cement 9M 2025 net profit drops 69% to SAR 44M; Q3 at SAR 2M

Southern Cement 9M 2025 net profit drops 69% to SAR 44M; Q3 at SAR 2M

11/11/2025 Argaam Exclusive

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Southern Province Cement Co. posted SAR 44 million in net profit for the first nine months of 2025, a fall of 69% from SAR 143 million in 9M 2024.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 697.51 633.74 (9.1 %)
Gross Income 224.43 121.90 (45.7 %)
Operating Income 160.50 69.07 (57.0 %)
Net Income 142.67 44.26 (69.0 %)
Average Shares 140.00 140.00 -
Earnings Per Share before unusual items (Riyals) 0.98 0.32 (67.9 %)
EPS (Riyal) 1.02 0.32 (69.0 %)

The year-on-year (YoY) profit slump was ascribed to weaker revenues. This followed a drop in sales volumes amid a higher cost of sales given the increased cost per sold unit. This was coupled with a decline in financing revenues and other income for 9M 2025.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 232.52 219.18 (5.7 %)
Gross Income 71.52 34.50 (51.8 %)
Operating Income 48.61 16.46 (66.1 %)
Net Income 48.89 2.16 (95.6 %)
Average Shares 140.00 140.00 -
Earnings Per Share before unusual items (Riyal) 0.31 0.02 (95.1 %)
EPS (Riyal) 0.35 0.02 (95.6 %)

The company’s Q3 2025 net profit fell by 95.9% to SAR 2 million, from SAR 49 million in Q3 2024. This was due to the elevated cost of sales, paired with higher financing costs.

 

The three-month net profit also tumbled by 86.7% from SAR 15 million in Q2 2025.

 

Total shareholders’ equity, no minority interest, amounted to SAR 3.29 billion as of Sept. 30, 2025, inching up from SAR 3.24 billion in the same period a year earlier.

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