Qassim Cement Co. (QACCO) reported a net profit of SAR 259.9 million in 2025, down from SAR 287.5 million in 2024.
| Item | 2024 | 2025 | Change |
|---|---|---|---|
| Revenues | 967.58 | 1,133.30 | 17.1 % |
| Gross Income | 325.36 | 260.63 | (19.9 %) |
| Operating Income | 278.43 | 266.96 | (4.1 %) |
| Net Income | 287.49 | 259.93 | (9.6 %) |
| Average Shares | 101.04 | 109.76 | 8.6 % |
| Earnings Per Share before unusual items (Riyals) | 2.44 | 1.93 | (21.2 %) |
| EPS (Riyal) | 2.85 | 2.37 | (16.8 %) |
The company attributed the decline to a drop in the average selling price and higher operating costs resulting from increased fuel prices since the beginning of the year.
On the other hand, revenues rose due to higher sales volumes, supported by strong local demand for cement and the consolidation of the subsidiary’s results following the acquisition of Hail Cement Co., effective June 10, 2024.
Qassim Cement’s Q4 2025 net profit fell 9.3% to SAR 68.86 million, compared with SAR 75.92 million in the prior-year period.
| Item | Q4 2024 | Q4 2025 | Change |
|---|---|---|---|
| Revenues | 302.98 | 290.32 | (4.2 %) |
| Gross Income | 91.31 | 64.05 | (29.9 %) |
| Operating Income | 68.19 | 68.43 | 0.3 % |
| Net Income | 75.92 | 68.86 | (9.3 %) |
| Average Shares | 101.04 | 109.76 | 8.6 % |
| Earnings Per Share before unusual items (Riyal) | 0.66 | 0.63 | (4.5 %) |
| EPS (Riyal) | 0.75 | 0.63 | (16.5 %) |
| Item | Q3 2025 | Q4 2025 | Change |
|---|---|---|---|
| Revenues | 246.83 | 290.32 | 17.6 % |
| Gross Income | 33.28 | 64.05 | 92.5 % |
| Operating Income | 16.25 | 68.43 | 321.2 % |
| Net Income | 41.39 | 68.86 | 66.4 % |
| Average Shares | 109.76 | 109.76 | - |
| Earnings Per Share before unusual items (Riyal) | 0.22 | 0.63 | 181.6 % |
| EPS (Riyal) | 0.38 | 0.63 | 66.4 % |
On a quarterly basis, net earnings rose 66.4% from SAR 41.39 million in Q3 2025.
Total shareholders’ equity - no minority interest - stood at SAR 2.66 billion as of Dec. 31, 2025, compared to SAR 2.75 billion a year earlier.
| Company | Estimated | Actual | Change |
|---|---|---|---|
| QACCO | 53.90 | 68.86 | |
| ETIHAD ETISALAT | 887.42 | 952.97 | |
| YC | 75.25 | 183.93 | |
| SOLUTIONS | 392.83 | 279.00 | |
| ACC | 47.93 | 55.44 | |
| TANMIAH | (27.50) | (22.40) | |
| TAMKEEN | 24.80 | 18.84 | |
| SULAIMAN ALHABIB | 614.93 | 651.16 | |
| ADVANCED | 32.10 | 0.87 | |
| SADAFCO | 96.30 | 49.08 |
| Company | Estimated | Actual | Change |
|---|---|---|---|
| QACCO | 53.90 | 68.86 | |
| ETIHAD ETISALAT | 887.42 | 952.97 | |
| YC | 75.25 | 183.93 | |
| SOLUTIONS | 392.83 | 279.00 | |
| ACC | 47.93 | 55.44 | |
| TANMIAH | (27.50) | (22.40) | |
| TAMKEEN | 24.80 | 18.84 | |
| SULAIMAN ALHABIB | 614.93 | 651.16 | |
| ADVANCED | 32.10 | 0.87 | |
| SADAFCO | 96.30 | 49.08 |
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