Yamama Cement's Q2 2025 financials: What analysts expect?
In this report, Argaam highlights the expected financial results of Yamama Cement Co. for the second quarter of 2025, as well as its key events, performance, and profit indicators.
The second-quarter revenue is projected to rise 61.45% year-on-year (YoY) to SAR 393.5 million.
Quarter Revenue Changes (M Riyal)
| Item | Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 (Average Estimate) |
|---|---|---|---|---|---|
| Sales | 243.72 | 285.18 | 370.36 | 349.03 | 384.27 |
| Change % | 11.32% | 34.70% | 64.84% | 27.52% | 57.67% |
Quarter Net Income Changes (M Riyal)
| Item | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 (Average Estimate) |
|---|---|---|---|---|---|
| Net Income | 84.62 | 97.93 | 123.12 | 142.08 | 139.84 |
| Extraordinary income/expense | 3.32 | 6.03 | 4.71 | 9.54 | - |
| Net Profit Before Unusual Items | 81.29 | 91.91 | 118.41 | 132.54 | - |
| EPS Before Unusual Items (Riyal/Share) | 0.40 | 0.45 | 0.58 | 0.65 | 0.69 |
Key events in Q2 2025
Shareholders approved the board recommendation to distribute cash dividends at 10% of capital, or SAR 1 per share, for 2024.
According to a report by the General Authority for Statistics (GASTAT), the average price of a 50-kg bag of cement rose by about 0.7% YoY to stand at SAR 14.4 in Q2 2025, compared to SAR 14.3 a year earlier, while the price remained stable quarter-on-quarter (QoQ).
Quarterly Profit and Revenue (M Riyal)
Monthly data indicated a nearly 50.5% YoY rise in the company’s sales volumes in Q2 2025, reaching 1.93 million tons from 1.28 million tons in the same period a year earlier. Sales volumes also grew 15.3% on a quarterly basis, as shown in the table below:
Total quarterly sales - thousand tons
| Q2 - 2025 | Q2 - 2024 | Change (%) | Q1 - 2025 | Change (%) | |
|---|---|---|---|---|---|
| Cement Sales | 1,932.00 | 1,284.00 | 50.47 % | 1,675.00 | 15.34 % |
Average forecasts
Yamama Cement’s Q2 2025 net profit is expected to jump 77.6% YoY to reach SAR 144.4 million, up from SAR 81.3 million (before one-offs) in Q2 2024, according to average estimates of seven research houses.
Quarterly Actuals vs Estimates (M Riyal)
Average Estimate (M Riyal)
| Analyst | Million Riyals |
|---|---|
| Riyad Capital | 167.00 |
| United Securities Company | 158.00 |
| AlJazira Capital Company | 148.30 |
| Al Rajhi Capital Company | 146.00 |
| SNB Capital Company | 144.00 |
| Value Capital Co. | 138.12 |
| SICO Bank | 109.00 |
| U-Capital Co. | 108.30 |
| Average | 139.84 |
| Net Profit Before Unusual Items (2024 - Q2) | 81.29 |
| Change % | 72.02% |
Performance & profitability indicators
The following table shows the stock’s performance trailing 12 months (TTM) and year to date, as well as its P/E and earnings per share.
Stock Performance
| Item | The Company | TASI |
|---|---|---|
| YTD | (31.75 %) | (8.60 %) |
| Change(12M) | (29.54 %) | (8.62 %) |
| Previous Close | 35.50 | 11,038.74 |
| Recurring P/E (x) | 15.54 | 20.87 |
| EPS (TTM) before unusual items (SAR/Share) | 2.09 | - |
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Valuation Data (Latest Share Price)
| P/E (TTM) | 11.48 |
| P/E Before Unusual Items (TTM) | 12.39 |
| P/BV | 0.98 |
| Dividend Yield | 2.85 % |
| Market Cap. (M) | 4,843.80 |
| Return on Average Assets | 5.82 % |
| Return on Average Equity | 8.64 % |
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