Financial Results : Al Jouf Cement loses SAR 38.6M in H1 2025, SAR 23.4M in Q2

Al Jouf Cement loses SAR 38.6M in H1 2025, SAR 23.4M in Q2

07/08/2025 Argaam Exclusive

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Al Jouf Cement Co. slid into a deeper loss of SAR 38.6 million in H1 2025, compared to SAR 15.9 million in the year-earlier period.


Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 123.56 137.73 11.5 %
Gross Income 19.80 5.21 (73.7 %)
Operating Income 11.25 (9.82) (187.3 %)
Net Income (15.87) (38.63) (143.5 %)
Average Shares 108.70 108.70 -
Earnings Per Share before unusual items (Riyals) (0.15) (0.38) (160.2 %)
EPS (Riyal) (0.15) (0.36) (143.5 %)

The cement producer attributed the wider losses to higher production costs following the application of a second increase in heavy fuel prices in early 2025. General and financing expenses also rose, although Zakat expenses declined over the six-month period.

 

On the other hand, revenues grew by 11.5% year-on-year on an increase in the average selling price.

 

The second-quarter net losses more than doubled to SAR 23.3 million from SAR 10 million in Q2 2024.

 

Al Jouf Cement widened losses quarter-on-quarter (QoQ) from SAR 15.2 million in Q1 2025.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 59.77 69.23 15.8 %
Gross Income 9.76 3.20 (67.2 %)
Operating Income 4.93 (5.55) (212.5 %)
Net Income (10.07) (23.39) (132.3 %)
Average Shares 108.70 108.70 -
Earnings Per Share before unusual items (Riyal) (0.09) (0.22) (138.7 %)
EPS (Riyal) (0.09) (0.22) (132.3 %)

Total shareholders’ equity, no minority interest, decreased to SAR 1.07 billion as of June 30, 2025, from SAR 1.12 billion a year earlier.

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