Umm Al-Qura Cement Co. reported a net profit of SAR 10.9 million for the three months ended March 31, 2025, falling 25% from SAR 14.5 million in the year-earlier period.
Item | Q1 2024 | Q1 2025 | Change |
---|---|---|---|
Revenues | 64.68 | 60.46 | (6.5 %) |
Gross Income | 23.63 | 18.93 | (19.9 %) |
Operating Income | 19.51 | 14.86 | (23.8 %) |
Net Income | 14.47 | 10.91 | (24.6 %) |
Average Shares | 55.00 | 55.00 | - |
Earnings Per Share before unusual items (Riyal) | 0.26 | 0.20 | (24.6 %) |
EPS (Riyal) | 0.26 | 0.20 | (24.6 %) |
Item | Q4 2024 | Q1 2025 | Change |
---|---|---|---|
Revenues | 72.55 | 60.46 | (16.7 %) |
Gross Income | 15.79 | 18.93 | 19.9 % |
Operating Income | 10.88 | 14.86 | 36.6 % |
Net Income | 7.67 | 10.91 | 42.3 % |
Average Shares | 55.00 | 55.00 | - |
Earnings Per Share before unusual items (Riyal) | 0.14 | 0.20 | 42.3 % |
EPS (Riyal) | 0.14 | 0.20 | 42.3 % |
This profit decline was due to lower sales value and volumes, alongside weaker average selling prices.
On a quarterly basis, the Saudi cement producer's three-month net earnings leapt 42.3% from SAR 7.67 million in Q4 2024, lifted by lower general, administrative, selling, and distribution expenses. Financing costs also tumbled on a quarter-on-quarter basis in Q1 2025.
Total shareholders’ equity, no minority interest, grew to SAR 824.47 million by March 31, 2025, compared to SAR 780.54 million a year earlier.
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