Financial Results : Yanbu Cement profit sinks 49% in Q1 2025 to SAR 29.9M

Yanbu Cement profit sinks 49% in Q1 2025 to SAR 29.9M

15/05/2025 Argaam Exclusive

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Yanbu Cement Co. reported a 49% drop in net profit to SAR 29.9 million in Q1 2025, from SAR 58.3 million a year earlier.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 242.36 266.44 9.9 %
Gross Income 91.99 75.09 (18.4 %)
Operating Income 65.26 35.88 (45.0 %)
Net Income 58.31 29.91 (48.7 %)
Average Shares 157.50 157.50 -
Earnings Per Share before unusual items (Riyal) 0.37 0.19 (48.7 %)
EPS (Riyal) 0.37 0.19 (48.7 %)

The company attributed the profit drop during Q1 2025 to an increase in the cost of revenues, resulting from higher export volumes and a decline in the average selling price of domestic sales.

 

This is despite an increase in revenues during the current quarter.

 

On a sequential basis, the three-month bottom line rose 7% from SAR 27.9 million in Q4 2024.

 

Total shareholders’ equity, no minority interest, declined to SAR 2.63 billion as of March 2025, from SAR 2.71 billion in the year before.

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