Financial Results : Northern Cement profit reaches SAR 22M in H1 2025, SAR 14M in Q2

Northern Cement profit reaches SAR 22M in H1 2025, SAR 14M in Q2

06/08/2025 Argaam Exclusive

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Northern Region Cement Co. reported a net profit after minority interest of SAR 22 million in H1 2025, compared to SAR 63 million in the year-earlier period.

 

The cement producer’s first-half net profit before minority interest stood at SAR 21 million, down from SAR 63.4 million in H1 2024.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 286.65 325.83 13.7 %
Gross Income 91.81 101.66 10.7 %
Operating Income 53.17 59.25 11.4 %
Net Income 63.39 21.01 (66.9 %)
Average Shares 180.00 180.00 -
Earnings Per Share before unusual items (Riyals) 0.10 0.12 17.1 %
EPS (Riyal) 0.35 0.12 (66.9 %)

Profit declined as the H1 2024 financial statements included realized gains from the sale of the company’s investment in Iraq.

 

Moreover, sales-to-revenues during the current period increased, thanks to better volumes.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 147.52 180.77 22.5 %
Gross Income 47.19 54.87 16.3 %
Operating Income 27.60 32.12 16.4 %
Net Income 11.77 13.19 12.1 %
Average Shares 180.00 180.00 -
Earnings Per Share before unusual items (Riyal) 0.07 0.07 12.1 %
EPS (Riyal) 0.07 0.07 12.1 %

In Q2 2025, net earnings rose by 19% from SAR 11.7 million in the prior-year period.

 

Likewise, net earnings leapt 79% from SAR 7.8 million in Q1 2025 on higher sales value.

 

Total shareholders’ equity, excluding minority interest, amounted to SAR 2.27 billion as of June 30, 2025, from SAR 2.25 billion a year ago.

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