Financial Results : Southern Cement H1 2025 profit drops 59% to SAR 42M; Q2 at SAR 15M

Southern Cement H1 2025 profit drops 59% to SAR 42M; Q2 at SAR 15M

06/08/2025 Argaam Exclusive

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Southern Province Cement Co. reported a 59% profit fall to SAR 42 million in H1 2025, from SAR 102 million in the year-earlier period.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 464.99 414.56 (10.8 %)
Gross Income 152.92 87.40 (42.8 %)
Operating Income 111.89 52.60 (53.0 %)
Net Income 101.87 42.10 (58.7 %)
Average Shares 140.00 140.00 -
Earnings Per Share before unusual items (Riyals) 0.73 0.30 (58.7 %)
EPS (Riyal) 0.73 0.30 (58.7 %)

This was attributed to lower revenue, due to a decline in sales volume, a rise in the cost of sales, and lower financing income.

 

The cement producer's Q2 2025 earnings fell 49% to SAR 15 million from SAR 30 million in Q2 2024, mainly due to lower revenues.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 214.32 195.00 (9.0 %)
Gross Income 54.55 40.24 (26.2 %)
Operating Income 33.20 21.15 (36.3 %)
Net Income 30.00 15.27 (49.1 %)
Average Shares 140.00 140.00 -
Earnings Per Share before unusual items (Riyal) 0.21 0.11 (49.1 %)
EPS (Riyal) 0.21 0.11 (49.1 %)

On a sequential basis, the company's Q2 2025 net earnings tumbled 43.1% from SAR 26.8 million in Q1 2025.

 

Shareholders’ equity, excluding minority interest, rose to SAR 3.31 billion as of June 30, 2025, compared to SAR 3.28 billion a year earlier.

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