Financial Results : Qassim Cement profit jumps 27% in Q1 2025 to SAR 94.1M

Qassim Cement profit jumps 27% in Q1 2025 to SAR 94.1M

08/05/2025 Argaam Exclusive

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Qassim Cement Co. (QACCO) reported a 27% rise in net profit to SAR 94.1 million in Q1 2025, compared to SAR 74.2 million in Q1 2024.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 196.42 302.68 54.1 %
Gross Income 82.78 93.54 13.0 %
Operating Income 65.42 77.98 19.2 %
Net Income 74.22 94.08 26.8 %
Average Shares 105.45 110.56 4.8 %
Earnings Per Share before unusual items (Riyal) 0.70 0.73 3.4 %
EPS (Riyal) 0.70 0.85 20.9 %

The profit growth was driven by higher revenue on increased sales volumes and the consolidation of Hail Cement’s results following its acquisition, completed on June 10, 2024, despite a decline in average selling prices.

 

The company also reported lower selling, marketing, and general and administrative expenses, along with higher other income.

 

These gains were partly offset by a slight drop in sales volume and lower returns from financial investments.

 

Total shareholders’ equity, no minority interest, stood at SAR 2.77 billion by March 2025, compared to SAR 1.59 billion a year earlier.

 

Total shareholders’ equity, no minority interest, stood at SAR 2.77 billion by March 2025, compared to SAR 1.59 billion a year earlier.

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