Al Jouf Cement reports SAR 21.6M loss in Q1 2026

Al Jouf Cement Co.’s losses widened to SAR 21.6 million in Q1 2025, from SAR 15.2 million in the year-earlier period.

The higher losses were attributed to a decline in revenue during the quarter compared with the same period last year, driven by lower domestic sales volumes.

This came despite an improvement in average selling prices and an increase in export volumes.

On a sequential basis, the cement producer’s losses shrank from SAR 142.83 million in Q4 2025, driven by a decline in operating costs, as well as the absence of an inventory loss of SAR 97.8 million recorded in the previous quarter of 2025.

However, this was partly offset by lower revenues in the three-month period compared with the previous one due to reduced domestic sales volumes during Ramadan and the Eid Al-Fitr holiday period, despite an improvement in average selling prices.

Total shareholders’ equity, with no minority interest, stood at SAR 888.49 million as of March 31, 2026, from SAR 1.10 billion a year ago.

Accumulated losses at the end of the period reached SAR 152.45 million, representing 14.02% of its capital.

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