Financial Results : Northern Cement profit dives 84% to SAR 7.8M in Q1 2025

Northern Cement profit dives 84% to SAR 7.8M in Q1 2025

15/05/2025 Argaam Exclusive

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Northern Region Cement Co. posted a net profit of SAR 7.8 million in Q1 2025, a slump of 84.8% from SAR 51.6 million in the year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 139.13 145.05 4.3 %
Gross Income 44.62 46.78 4.9 %
Operating Income 25.57 27.13 6.1 %
Net Income 51.63 7.82 (84.9 %)
Average Shares 180.00 180.00 -
Earnings Per Share before unusual items (Riyal) 0.03 0.04 26.6 %
EPS (Riyal) 0.29 0.04 (84.9 %)

Northern Cement cited realized gains from the partial sale of the company's investments in Iraq last year.

 

On the other hand, the company reported a rise in sales/ revenues in Q1 2025, compared to the corresponding period of 2024, thanks to better volumes.

 

Net earnings dropped 59.5% from SAR 19.3 million in Q4 2024 due to lower sales volumes and higher financing costs.

 

Total shareholders’ equity, after minority interest, rose marginally to SAR 2.26 billion as of March 31, 2025, from SAR 2.25 billion a year earlier.

 

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