Financial Results : City Cement’s Q1 2025 profit jumps 24% to SAR 51.5M

City Cement’s Q1 2025 profit jumps 24% to SAR 51.5M

01/05/2025 Argaam Exclusive

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City Cement Co. reported a net profit of SAR 51.5 million in Q1 2025, an increase of 24% from SAR 41.6 million in the year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 119.83 149.27 24.6 %
Gross Income 48.57 63.07 29.8 %
Operating Income 38.16 47.26 23.9 %
Net Income 41.59 51.54 23.9 %
Average Shares 140.00 140.00 -
Earnings Per Share before unusual items (Riyal) 0.30 0.37 23.9 %
EPS (Riyal) 0.30 0.37 23.9 %

This was attributed to higher sales volumes and value for the current quarter on increased average selling prices.

 

On a quarterly basis, the three-month net earnings also rose 25.4% from SAR 41.09 million in Q4 2024, driven by the elevated average selling prices and other income.

 

The quarter-on-quarter (QoQ) profit growth came despite lower sales value and volumes on a sequential basis for Q1 2025.

 

Shareholders’ equity, no minority interest, reached SAR 1.84 billion by March 31, 2025, compared to SAR 1.76 billion in the prior-year period.

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