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.
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.
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 % |
Item | Q1 2025 | Q2 2025 | Change |
---|---|---|---|
Revenues | 145.05 | 180.77 | 24.6 % |
Gross Income | 46.78 | 54.87 | 17.3 % |
Operating Income | 27.13 | 32.12 | 18.4 % |
Net Income | 7.82 | 13.19 | 68.7 % |
Average Shares | 180.00 | 180.00 | - |
Earnings Per Share before unusual items (Riyal) | 0.04 | 0.07 | 68.7 % |
EPS (Riyal) | 0.04 | 0.07 | 68.7 % |
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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