Financial Results : Al Jouf Cement widens losses to SAR 15.2M in Q1 2025

Al Jouf Cement widens losses to SAR 15.2M in Q1 2025

15/05/2025 Argaam Exclusive

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Al Jouf Cement Co.’s losses widened to SAR 15.2 million in Q1 2025, from SAR 5.8 million in the year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 63.80 68.50 7.4 %
Gross Income 10.04 2.01 (80.0 %)
Operating Income 6.32 (4.27) (167.7 %)
Net Income (5.79) (15.24) (162.9 %)
Average Shares 108.70 108.70 -
Earnings Per Share before unusual items (Riyal) (0.05) (0.16) (197.4 %)
EPS (Riyal) (0.05) (0.14) (162.9 %)

The higher losses were attributed to increased production costs due to a 44% year-on-year (YoY) rise in heavy fuel prices. The company reported higher selling and marketing expenses, as well as financing costs (FCs).

 

This came despite a 7.4% YoY increase in revenue, driven by a higher average selling price.

 

On a sequential basis, the cement producer’s losses deepened from SAR 4.74 million in Q4 2024, driven by an 8.9% YoY decline in revenue due to lower sales volume, higher FCs and a decrease in other income.

 

Total shareholders’ equity, no minority interest, stood at SAR 1.10 billion as of March 31, 2025, from SAR 1.13 billion a year ago.

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