Qassim Cement Co. posted SAR 191.1 million in net profit for the first nine months of 2025, down from SAR 211.6 million in the year before.
| Item | 9m 2024 | 9m 2025 | Change |
|---|---|---|---|
| Revenues | 664.60 | 842.98 | 26.8 % |
| Gross Income | 234.05 | 196.57 | (16.0 %) |
| Operating Income | 210.24 | 198.53 | (5.6 %) |
| Net Income | 211.57 | 191.07 | (9.7 %) |
| Average Shares | 97.95 | 110.06 | 12.4 % |
| Earnings Per Share before unusual items (Riyals) | 1.84 | 1.45 | (21.4 %) |
| EPS (Riyal) | 2.16 | 1.74 | (19.6 %) |
The annual profit decline was attributed to weaker average selling prices for 9M 2025, coupled with higher operating expenses on the increase in fuel prices since the year-start.
However, sales volumes improved during the nine-month period, thanks to stronger local cement demand.
| Item | Q3 2024 | Q3 2025 | Change |
|---|---|---|---|
| Revenues | 264.88 | 246.83 | (6.8 %) |
| Gross Income | 73.22 | 33.28 | (54.5 %) |
| Operating Income | 70.19 | 36.40 | (48.1 %) |
| Net Income | 65.93 | 41.39 | (37.2 %) |
| Average Shares | 97.95 | 110.06 | 12.4 % |
| Earnings Per Share before unusual items (Riyal) | 0.50 | 0.38 | (24.9 %) |
| EPS (Riyal) | 0.67 | 0.38 | (44.1 %) |
| Item | Q2 2025 | Q3 2025 | Change |
|---|---|---|---|
| Revenues | 293.47 | 246.83 | (15.9 %) |
| Gross Income | 72.82 | 33.28 | (54.3 %) |
| Operating Income | 73.47 | 36.40 | (50.5 %) |
| Net Income | 61.06 | 41.39 | (32.2 %) |
| Average Shares | 110.06 | 110.06 | - |
| Earnings Per Share before unusual items (Riyal) | 0.39 | 0.38 | (4.0 %) |
| EPS (Riyal) | 0.55 | 0.38 | (32.2 %) |
In Q3 2025, net profit fell 37.2% to SAR 41.4 million, from SAR 65.93 million in Q3 2024.
On a sequential basis, the three-month earnings also dropped 32.2% from SAR 61.06 million in Q2 of this year.
Total shareholders’ equity (no minority interest) amounted to SAR 2.67 billion by the end of 9M 2025, compared to SAR 2.74 billion in the same period a year earlier.
| Company | Estimated | Actual | Change |
|---|---|---|---|
| LUMI | 52.56 | 52.71 | |
| MIS | 22.60 | 25.10 | |
| QACCO | 47.63 | 41.39 | |
| MOUWASAT | 185.26 | 199.66 | |
| TAWUNIYA | 212.10 | 173.26 | |
| ALUJAIN | 22.67 | 16.39 | |
| SAUDI RE | 66.00 | 30.77 | |
| SSP | 30.20 | 26.00 | |
| BUPA ARABIA | 311.58 | 364.01 | |
| NAHDI | 201.00 | 161.20 |
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