Financial Results : Eastern Cement profit down 7% to SAR 125.4M in H1 2025; Q2 at SAR 63.4M

Eastern Cement profit down 7% to SAR 125.4M in H1 2025; Q2 at SAR 63.4M

31/07/2025 Argaam Exclusive

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Eastern Province Cement Co. reported a net profit of SAR 125.4 million in H1 2025, a fall of 7% from SAR 134.4 million in the year-earlier period.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 574.33 609.25 6.1 %
Gross Income 187.42 190.17 1.5 %
Operating Income 149.57 153.69 2.8 %
Net Income 134.39 125.43 (6.7 %)
Average Shares 86.00 86.00 -
Earnings Per Share before unusual items (Riyals) 1.67 1.57 (6.5 %)
EPS (Riyal) 1.56 1.46 (6.7 %)

The profit decline was due to higher marketing and sales expenses, as well as lower dividend and Murabaha income.

 

The company also cited lower other income, higher other expenses, and losses on disposal of property, plant, and equipment, as well as an increase in Zakat expenses.

 

However, the cement producer recorded an increase in cement sales volume and value as well as higher precast sales value.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 268.64 311.00 15.8 %
Gross Income 83.93 93.00 10.8 %
Operating Income 66.65 77.00 15.5 %
Net Income 55.38 63.00 13.8 %
Average Shares 86.00 86.00 -
Earnings Per Share before unusual items (Riyal) 0.76 0.79 3.8 %
EPS (Riyal) 0.64 0.73 13.8 %

In Q2 2025, net earnings increased 14.4% to SAR 63.4 million, compared with SAR 55.4 million a year earlier, propelled by a rise in cement sales volume and value as well as higher precast sales value.

 

On a sequential basis, the second-quarter net earnings were up 2% from SAR 62.08 million in Q1 2025.

 

Total shareholders’ equity, no minority interest, fell to SAR 2.30 billion as of June 30, 2025, from SAR 2.44 billion a year earlier.

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