Najran Cement Co. reported a net profit of SAR 17.2 million in Q1 2025, a 4% decline from SAR 17.9 million in Q1 2024.
| Item | Q1 2024 | Q1 2025 | Change |
|---|---|---|---|
| Revenues | 138.13 | 135.24 | (2.1 %) |
| Gross Income | 36.48 | 33.83 | (7.2 %) |
| Operating Income | 24.67 | 22.74 | (7.8 %) |
| Net Income | 17.90 | 17.19 | (3.9 %) |
| Average Shares | 170.00 | 170.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.11 | 0.10 | (3.9 %) |
| EPS (Riyal) | 0.11 | 0.10 | (3.9 %) |
| Item | Q4 2024 | Q1 2025 | Change |
|---|---|---|---|
| Revenues | 148.55 | 135.24 | (9.0 %) |
| Gross Income | 54.19 | 33.83 | (37.6 %) |
| Operating Income | 39.98 | 22.74 | (43.1 %) |
| Net Income | 31.59 | 17.19 | (45.6 %) |
| Average Shares | 170.00 | 170.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.19 | 0.10 | (45.6 %) |
| EPS (Riyal) | 0.19 | 0.10 | (45.6 %) |
The annual profit drop was mainly due to weaker sales value and volumes for the three-month period, despite lower financing costs (FCs).
On a sequential basis, net profit slumped 45.6% from SAR 31.6 million in Q4 2024, given elevated feedstock costs, although general & administrative expenses and financing costs contracted quarter-on-quarter in Q1 2025.
Total shareholders’ equity, no minority interest, stood at SAR 2.05 billion as of March 31, 2025, inching up from SAR 1.99 billion a year earlier.
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