Saudi Ceramic Co. (Saudi Ceramics) reported a net profit spike to SAR 140 million (before excluding minority interest) for the first nine months of 2025, compared to SAR 9.2 million in the year-ago period.
| Item | 9m 2024 | 9m 2025 | Change |
|---|---|---|---|
| Revenues | 966.49 | 1,030.46 | 6.6 % |
| Gross Income | 218.19 | 273.85 | 25.5 % |
| Operating Income | 55.04 | 183.79 | 233.9 % |
| Net Income | 9.24 | 140.02 | 1414.8 % |
| Average Shares | 100.00 | 100.00 | - |
| Earnings Per Share before unusual items (Riyals) | 0.02 | 0.15 | 629.2 % |
| EPS (Riyal) | 0.09 | 1.40 | 1414.8 % |
Sales rose on increased sales of tiles, water heaters, accessories, and red bricks during the current period compared to the same period last year. This led to a rise in gross profit by SAR 55.7 million and higher profit margins across most products.
The company received an insurance settlement of SAR 120 million in compensation for the damages resulting from the fire at the second sanitaryware factory that occurred on July 15, 2023.
The third-quarter net profit grew by 17% to SAR 6.7 million, from SAR 5.77 million in Q3 2024.
| Item | Q3 2024 | Q3 2025 | Change |
|---|---|---|---|
| Revenues | 344.57 | 355.73 | 3.2 % |
| Gross Income | 73.24 | 100.97 | 37.9 % |
| Operating Income | 20.41 | 23.58 | 15.5 % |
| Net Income | 5.77 | 6.75 | 17.0 % |
| Average Shares | 100.00 | 100.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.03 | 0.07 | 134.7 % |
| EPS (Riyal) | 0.06 | 0.07 | 17.0 % |
| Item | Q2 2025 | Q3 2025 | Change |
|---|---|---|---|
| Revenues | 290.13 | 355.73 | 22.6 % |
| Gross Income | 71.26 | 100.97 | 41.7 % |
| Operating Income | 125.98 | 23.58 | (81.3 %) |
| Net Income | 112.45 | 6.75 | (94.0 %) |
| Average Shares | 100.00 | 100.00 | - |
| Earnings Per Share before unusual items (Riyal) | (0.13) | 0.07 | 153.7 % |
| EPS (Riyal) | 1.12 | 0.07 | (94.0 %) |
Sequentially, the three-month bottom line plunged 94% from SAR 112.45 million in Q2 2025, mainly due to the receipt of an insurance settlement of SAR 120 million in the previous quarter for the fire at the sanitaryware factory on 15 July 2023.
Shareholders’ equity, after minority interest, stood at SAR 1.51 billion by the end of Sept. 30, 2025, compared to SAR 1.50 billion in the year-earlier period.
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