Saudi Cement H1 2026 profit down 1% to SAR 202.2M; Q2 at SAR 102M

06/08/2026 Argaam Exclusive
Saudi Cement Co. reported a net profit of SAR 202.2 million in H1 2026, a decrease of 1% from SAR 204 million in the prior-year period.


Financials (Million Riyal)

Item 6m 2025 6m 2026 Change‬
Revenues 849.78 817.50 (3.8 %)
Gross Income 327.58 325.20 (0.7 %)
Operating Income 221.80 219.40 (1.1 %)
Net Income 203.95 202.20 (0.9 %)
Average Shares 153.00 153.00 -
Earnings Per Share before unusual items (Riyals) 1.33 1.32 (0.9 %)
EPS (Riyal) 1.33 1.32 (0.9 %)

The profit decline was attributed to the decrease in sales revenue, other revenues, and in the company’s share of profit from an associate.

 

Moreover, the company cited an increase in general and administrative expenses. This came in spite of the decrease in selling and distribution expenses and in finance charges.



Current Quarter Comparison (Million Riyal)

Compared With The
Item Q2 2025 Q2 2026 Change‬
Revenues 431.53 434.80 0.8 %
Gross Income 154.98 168.70 8.8 %
Operating Income 104.90 110.80 5.6 %
Net Income 95.46 102.00 6.8 %
Average Shares 153.00 153.00 -
Earnings Per Share before unusual items (Riyal) 0.62 0.67 6.8 %
EPS (Riyal) 0.62 0.67 6.8 %

Q2 2026 net profit grew 6.8% to SAR 102 million, compared to SAR 95.5 million in Q2 2025.

 

On a sequential basis, net profit was up 1.8% from SAR 1001.7 million in Q1 2026.

 

Shareholders’ equity, no minority interest, reached SAR 2.15 billion by June 30, 2026, compared to SAR 2.06 billion in a year earlier period.

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Share Price

Saudi Cement Co.
28.10
(0.12) (0.43 %)

Saudi Cement Co. (SAUDI CEMENT)

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Financial Ratios
Current
Market Cap (M Riyal) 4,299.30
Enterprise Value (EV) (M Riyal) 4,395.47
Shares Outstanding ((M)) 153.00
Recurring EPS ( Riyal) (TTM) 2.37
Book Value (BV) ( Riyal) 14.03
Par Value ( Riyal) 10.00
Recurring P/E (TTM) 11.88
P/E (TTM) 11.88
Price/book 2.00
Dividend Yield (%) (Last Year) 6.41
Return on Average Assets (%) (TTM) 11.3
Return on Average Equity (%) (TTM) 17.2
EV/Revenues 2.68
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Financial results (Million Riyal)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2003 208.61 - 103.86 - 86.23 -
Q2 2003 225.50 - 110.47 - 94.04 -
Q3 2003 218.25 - 111.40 - 99.90 -
Q4 2003 - - 109.63 - 95.67 -
Q1 2004 234.93 12.6 % 115.30 11.0 % 97.87 13.5 %
Q2 2004 245.09 8.7 % 119.46 8.1 % 104.86 11.5 %
Q3 2004 241.01 10.4 % 125.51 12.7 % 112.27 12.4 %
Q4 2004 219.43 - 109.33 (0.3 %) 95.33 (0.4 %)
Q1 2005 253.85 8.1 % 130.80 13.4 % 124.55 27.3 %
Q2 2005 276.44 12.8 % 141.56 18.5 % 135.52 29.2 %
Q3 2005 296.10 22.9 % 134.56 7.2 % 128.88 14.8 %
Q4 2005 289.95 32.1 % 121.85 11.5 % 82.28 (13.7 %)
Q1 2006 293.03 15.4 % 162.87 24.5 % 148.40 19.2 %
Q2 2006 325.97 17.9 % 183.72 29.8 % 166.64 23.0 %
Q3 2006 297.11 0.3 % 169.37 25.9 % 154.29 19.7 %
Q4 2006 284.13 (2.0 %) 160.07 31.4 % 143.94 74.9 %
Q1 2007 341.45 16.5 % 182.42 12.0 % 164.68 11.0 %
Q2 2007 348.71 7.0 % 200.11 8.9 % 184.00 10.4 %
Q3 2007 338.30 13.9 % 176.46 4.2 % 158.66 2.8 %
Q4 2007 333.49 17.4 % 187.99 17.4 % 165.45 14.9 %
Q1 2008 342.69 0.4 % 190.29 4.3 % 167.14 1.5 %
Q2 2008 350.17 0.4 % 188.73 (5.7 %) 165.43 (10.1 %)
Q3 2008 325.22 (3.9 %) 174.45 (1.1 %) 149.54 (5.7 %)
Q4 2008 241.54 (27.6 %) 151.15 (19.6 %) 123.57 (25.3 %)
Q1 2009 350.67 2.3 % 182.93 (3.9 %) 160.22 (4.1 %)
Q2 2009 357.18 2.0 % 180.97 (4.1 %) 162.38 (1.8 %)
Q3 2009 307.74 (5.4 %) 148.14 (15.1 %) 128.17 (14.3 %)
Q4 2009 330.29 36.7 % 167.49 10.8 % 146.88 18.9 %
Q1 2010 410.89 17.2 % 205.89 12.5 % 182.91 14.2 %
Q2 2010 420.42 17.7 % 219.99 21.6 % 197.77 21.8 %
Q3 2010 327.10 6.3 % 163.93 10.7 % 143.03 11.6 %
Q4 2010 367.74 11.3 % 179.09 6.9 % 157.67 7.4 %
Q1 2011 423.13 3.0 % 243.65 18.3 % 217.86 19.1 %
Q2 2011 462.98 10.1 % 243.45 10.7 % 222.65 12.6 %
Q3 2011 387.26 18.4 % 224.21 36.8 % 204.55 43.0 %
Q4 2011 442.73 20.4 % 239.69 33.8 % 220.01 39.5 %
Q1 2012 639.29 51.1 % 352.60 44.7 % 329.36 51.2 %
Q2 2012 591.03 27.7 % 316.21 29.9 % 294.07 32.1 %
Q3 2012 433.14 11.8 % 238.40 6.3 % 218.54 6.8 %
Q4 2012 539.99 22.0 % 322.00 34.3 % 300.09 36.4 %
Q1 2013 612.75 (4.2 %) 374.11 6.1 % 350.59 6.4 %
Q2 2013 626.42 6.0 % 339.99 7.5 % 316.31 7.6 %
Q3 2013 455.13 5.1 % 260.41 9.2 % 237.85 8.8 %
Q4 2013 492.95 (8.7 %) 309.75 (3.8 %) 281.63 (6.2 %)
Q1 2014 534.76 (12.7 %) 326.08 (12.8 %) 303.59 (13.4 %)
Q2 2014 538.38 (14.1 %) 322.82 (5.0 %) 295.78 (6.5 %)
Q3 2014 425.74 (6.5 %) 264.43 1.5 % 237.23 (0.3 %)
Q4 2014 525.71 6.6 % 315.73 1.9 % 286.84 1.8 %
Q1 2015 550.88 3.0 % 339.26 4.0 % 310.22 2.2 %
Q2 2015 499.63 (7.2 %) 283.93 (12.0 %) 258.44 (12.6 %)
Q3 2015 398.31 (6.4 %) 232.75 (12.0 %) 209.94 (11.5 %)
Q4 2015 483.58 (8.0 %) 280.09 (11.3 %) 251.17 (12.4 %)
Q1 2016 506.93 (8.0 %) 295.22 (13.0 %) 271.34 (12.5 %)
Q2 2016 498.78 (0.2 %) 282.36 (0.6 %) 257.31 (0.4 %)
Q3 2016 375.05 (5.8 %) 232.19 (0.2 %) 208.61 (0.6 %)
Q4 2016 397.38 (17.8 %) 220.82 (21.2 %) 194.85 (22.4 %)
Q1 2017 346.35 (31.7 %) 191.19 (35.2 %) 168.27 (38.0 %)
Q2 2017 269.45 (46.0 %) 121.16 (57.1 %) 99.09 (61.5 %)
Q3 2017 250.19 (33.3 %) 115.58 (50.2 %) 93.71 (55.1 %)
Q4 2017 318.54 (19.8 %) 140.88 (36.2 %) 112.45 (42.3 %)
Q1 2018 330.46 (4.6 %) 169.32 (11.4 %) 148.47 (11.8 %)
Q2 2018 245.75 (8.8 %) 96.13 (20.7 %) 64.13 (35.3 %)
Q3 2018 239.55 (4.3 %) 113.12 (2.1 %) 80.61 (14.0 %)
Q4 2018 303.80 (4.6 %) 159.42 13.2 % 123.59 9.9 %
Q1 2019 390.36 18.1 % 181.04 6.9 % 141.00 (5.0 %)
Q2 2019 338.61 37.8 % 140.28 45.9 % 99.70 55.5 %
Q3 2019 310.12 29.5 % 131.84 16.5 % 92.84 15.2 %
Q4 2019 402.54 32.5 % 196.64 23.3 % 157.45 27.4 %
Q1 2020 450.36 15.4 % 202.77 12.0 % 157.77 11.9 %
Q2 2020 297.45 (12.2 %) 123.67 (11.8 %) 82.92 (16.8 %)
Q3 2020 386.81 24.7 % 163.18 23.8 % 113.99 22.8 %
Q4 2020 435.01 8.1 % 176.75 (10.1 %) 124.38 (21.0 %)
Q1 2021 429.07 (4.7 %) 173.63 (14.4 %) 124.68 (21.0 %)
Q2 2021 348.12 17.0 % 138.70 12.2 % 91.96 10.9 %
Q3 2021 304.93 (21.2 %) 109.05 (33.2 %) 62.75 (45.0 %)
Q4 2021 327.45 (24.7 %) 109.01 (38.3 %) 64.91 (47.8 %)
Q1 2022 315.06 (26.6 %) 100.74 (42.0 %) 60.08 (51.8 %)
Q2 2022 348.97 0.2 % 145.97 5.2 % 102.95 11.9 %
Q3 2022 328.05 7.6 % 124.36 14.0 % 85.75 36.6 %
Q4 2022 427.74 30.6 % 197.81 81.5 % 155.14 139.0 %
Q1 2023 409.63 30.0 % 175.78 74.5 % 123.74 106.0 %
Q2 2023 356.26 2.1 % 145.08 (0.6 %) 93.75 (8.9 %)
Q3 2023 315.00 (4.0 %) 114.42 (8.0 %) 60.68 (29.2 %)
Q4 2023 380.94 (10.9 %) 137.66 (30.4 %) 84.22 (45.7 %)
Q1 2024 426.52 4.1 % 174.76 (0.6 %) 119.32 (3.6 %)
Q2 2024 378.13 6.1 % 144.01 (0.7 %) 84.06 (10.3 %)
Q3 2024 387.11 22.9 % 154.31 34.9 % 97.98 61.5 %
Q4 2024 484.00 27.1 % 194.28 41.1 % 129.90 54.2 %
Q1 2025 418.25 (1.9 %) 172.60 (1.2 %) 115.99 (2.8 %)
Q2 2025 431.53 14.1 % 154.98 7.6 % 104.90 24.8 %
Q3 2025 363.93 (6.0 %) 107.89 (30.1 %) 64.60 (34.1 %)
Q4 2025 457.50 (5.5 %) 167.50 (13.8 %) 115.70 (10.9 %)
Q1 2026 382.75 (8.5 %) 156.49 (9.3 %) 108.60 (6.4 %)
Q2 2026 434.80 0.8 % 168.70 8.8 % 110.80 5.6 %


Profit Performance (Million Riyal)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS(Riyal)
Q1 2003 90.48 - 0.59 - 90.48 0.59
Q2 2003 94.46 - 0.62 - 94.46 0.62
Q3 2003 122.44 - 0.80 - 122.44 0.80
Q4 2003 95.16 - 0.62 - 95.16 0.62
Q1 2004 95.13 5.1 % 0.62 - 95.13 0.62
Q2 2004 104.94 11.1 % 0.69 - 104.94 0.69
Q3 2004 113.19 (7.6 %) 0.74 - 113.19 0.74
Q4 2004 124.24 30.6 % 0.81 - 124.24 0.81
Q1 2005 128.07 34.6 % 0.84 - 128.07 0.84
Q2 2005 138.15 31.7 % 0.90 - 138.15 0.90
Q3 2005 128.78 13.8 % 0.84 - 128.78 0.84
Q4 2005 89.29 (28.1 %) 0.58 - 89.29 0.58
Q1 2006 152.64 19.2 % 1.00 - 152.64 1.00
Q2 2006 174.99 26.7 % 1.14 - 174.99 1.14
Q3 2006 155.49 20.7 % 1.02 - 155.49 1.02
Q4 2006 154.64 73.2 % 1.01 - 154.64 1.01
Q1 2007 169.00 10.7 % 1.10 - 169.00 1.10
Q2 2007 189.47 8.3 % 1.24 - 189.47 1.24
Q3 2007 159.43 2.5 % 1.04 - 159.43 1.04
Q4 2007 168.49 9.0 % 1.10 - 168.49 1.10
Q1 2008 173.30 2.5 % 1.13 - 173.30 1.13
Q2 2008 171.59 (9.4 %) 1.12 - 171.59 1.12
Q3 2008 144.73 (9.2 %) 0.95 - 144.73 0.95
Q4 2008 131.70 (21.8 %) 0.86 - 131.70 0.86
Q1 2009 152.00 (12.3 %) 0.99 - 152.00 0.99
Q2 2009 167.66 (2.3 %) 1.10 - 167.66 1.10
Q3 2009 123.14 (14.9 %) 0.80 - 123.14 0.80
Q4 2009 139.59 6.0 % 0.91 - 139.59 0.91
Q1 2010 176.58 16.2 % 1.15 - 176.58 1.15
Q2 2010 190.62 13.7 % 1.25 - 190.62 1.25
Q3 2010 140.28 13.9 % 0.92 - 140.28 0.92
Q4 2010 152.04 8.9 % 0.99 - 152.04 0.99
Q1 2011 210.85 19.4 % 1.38 - 210.85 1.38
Q2 2011 213.76 12.1 % 1.40 - 213.76 1.40
Q3 2011 195.26 39.2 % 1.28 - 195.26 1.28
Q4 2011 211.37 39.0 % 1.38 - 211.37 1.38
Q1 2012 325.56 54.4 % 2.13 - 325.56 2.13
Q2 2012 290.24 35.8 % 1.90 - 290.24 1.90
Q3 2012 209.45 7.3 % 1.37 - 209.45 1.37
Q4 2012 276.54 30.8 % 1.81 - 276.54 1.81
Q1 2013 340.30 4.5 % 2.22 - 340.30 2.22
Q2 2013 307.14 5.8 % 2.01 - 307.14 2.01
Q3 2013 229.06 9.4 % 1.50 - 229.06 1.50
Q4 2013 247.30 (10.6 %) 1.62 - 247.30 1.62
Q1 2014 286.05 (15.9 %) 1.87 - 286.05 1.87
Q2 2014 288.30 (6.1 %) 1.88 - 288.30 1.88
Q3 2014 231.72 1.2 % 1.51 - 231.72 1.51
Q4 2014 268.02 8.4 % 1.75 - 268.02 1.75
Q1 2015 303.10 6.0 % 1.98 - 303.10 1.98
Q2 2015 253.82 (12.0 %) 1.66 - 253.82 1.66
Q3 2015 207.57 (10.4 %) 1.36 - 207.57 1.36
Q4 2015 175.70 (34.4 %) 1.15 (66.15) 241.85 1.58
Q1 2016 262.57 (13.4 %) 1.72 - 262.57 1.72
Q2 2016 249.46 (1.7 %) 1.63 - 249.46 1.63
Q3 2016 202.28 (2.5 %) 1.32 - 202.28 1.32
Q4 2016 186.66 6.2 % 1.22 - 186.66 1.22
Q1 2017 164.70 (37.3 %) 1.08 - 164.70 1.08
Q2 2017 93.95 (62.3 %) 0.61 - 93.95 0.61
Q3 2017 87.35 (56.8 %) 0.57 - 87.35 0.57
Q4 2017 107.45 (42.4 %) 0.70 - 107.45 0.70
Q1 2018 142.23 (13.6 %) 0.93 - 142.23 0.93
Q2 2018 58.05 (38.2 %) 0.38 - 58.05 0.38
Q3 2018 75.41 (13.7 %) 0.49 - 75.41 0.49
Q4 2018 124.83 16.2 % 0.82 - 124.83 0.82
Q1 2019 132.44 (6.9 %) 0.87 - 132.44 0.87
Q2 2019 92.34 59.1 % 0.60 - 92.34 0.60
Q3 2019 83.02 10.1 % 0.54 - 83.02 0.54
Q4 2019 143.60 15.0 % 0.94 - 143.60 0.94
Q1 2020 148.51 12.1 % 0.97 - 148.51 0.97
Q2 2020 75.70 (18.0 %) 0.49 - 75.70 0.49
Q3 2020 107.64 29.7 % 0.70 - 107.64 0.70
Q4 2020 124.12 (13.6 %) 0.81 - 124.12 0.81
Q1 2021 119.42 (19.6 %) 0.78 - 119.42 0.78
Q2 2021 86.37 14.1 % 0.56 - 86.37 0.56
Q3 2021 58.72 (45.4 %) 0.38 - 58.72 0.38
Q4 2021 67.40 (45.7 %) 0.44 - 67.40 0.44
Q1 2022 61.13 (48.8 %) 0.40 - 61.13 0.40
Q2 2022 102.54 18.7 % 0.67 - 102.54 0.67
Q3 2022 80.65 37.3 % 0.53 - 80.65 0.53
Q4 2022 154.52 129.3 % 1.01 - 154.52 1.01
Q1 2023 123.79 102.5 % 0.81 8.84 114.95 0.75
Q2 2023 85.19 (16.9 %) 0.56 - 85.19 0.56
Q3 2023 68.26 (15.4 %) 0.45 - 68.26 0.45
Q4 2023 103.79 (32.8 %) 0.68 - 103.79 0.68
Q1 2024 113.76 (8.1 %) 0.74 - 113.76 0.74
Q2 2024 87.35 2.5 % 0.57 - 87.35 0.57
Q3 2024 100.18 46.8 % 0.65 - 100.18 0.65
Q4 2024 120.60 16.2 % 0.79 - 120.60 0.79
Q1 2025 108.49 (4.6 %) 0.71 - 108.49 0.71
Q2 2025 95.46 9.3 % 0.62 - 95.46 0.62
Q3 2025 53.23 (46.9 %) 0.35 - 53.23 0.35
Q4 2025 106.50 (11.7 %) 0.70 - 106.50 0.70
Q1 2026 100.17 (7.7 %) 0.65 - 100.17 0.65
Q2 2026 102.00 6.8 % 0.67 - 102.00 0.67

Profitability

Period Gross Margin Adjusted EBITDA margin Net Margin Before Unusual Items
Q1 2003 - - -
Q2 2003 - - -
Q3 2003 - - -
Q4 2003 - - -
Q1 2004 - - -
Q2 2004 - - -
Q3 2004 - - -
Q4 2004 49.93 % 57.69 % 46.52 %
Q1 2005 50.56 % 59.35 % 49.04 %
Q2 2005 51.19 % 60.58 % 50.84 %
Q3 2005 49.36 % 58.95 % 49.65 %
Q4 2005 47.37 % 54.10 % 43.38 %
Q1 2006 48.54 % 54.34 % 44.04 %
Q2 2006 50.04 % 54.72 % 45.28 %
Q3 2006 52.88 % 56.73 % 47.46 %
Q4 2006 56.32 % 62.10 % 53.14 %
Q1 2007 55.71 % 61.92 % 52.39 %
Q2 2007 56.00 % 61.15 % 52.59 %
Q3 2007 54.78 % 59.25 % 51.24 %
Q4 2007 54.85 % 58.25 % 50.40 %
Q1 2008 55.37 % 57.03 % 50.67 %
Q2 2008 54.48 % 56.10 % 49.30 %
Q3 2008 54.86 % 55.84 % 48.69 %
Q4 2008 55.94 % 56.60 % 49.33 %
Q1 2009 55.01 % 57.42 % 47.34 %
Q2 2009 54.10 % 58.91 % 46.77 %
Q3 2009 52.76 % 60.33 % 45.70 %
Q4 2009 50.49 % 60.28 % 43.27 %
Q1 2010 49.96 % 59.64 % 43.17 %
Q2 2010 50.47 % 59.49 % 42.87 %
Q3 2010 50.87 % 59.53 % 43.47 %
Q4 2010 50.38 % 58.59 % 43.22 %
Q1 2011 52.44 % 59.80 % 45.10 %
Q2 2011 52.51 % 59.80 % 45.35 %
Q3 2011 54.26 % 60.47 % 47.04 %
Q4 2011 55.42 % 61.26 % 48.44 %
Q1 2012 54.86 % 60.51 % 48.96 %
Q2 2012 54.98 % 60.04 % 49.62 %
Q3 2012 54.45 % 59.94 % 49.22 %
Q4 2012 55.79 % 60.94 % 50.00 %
Q1 2013 57.45 % 62.67 % 51.29 %
Q2 2013 57.61 % 62.66 % 51.23 %
Q3 2013 58.03 % 62.90 % 51.61 %
Q4 2013 58.72 % 63.38 % 51.38 %
Q1 2014 58.61 % 63.45 % 50.71 %
Q2 2014 60.31 % 65.26 % 51.98 %
Q3 2014 61.40 % 66.27 % 52.88 %
Q4 2014 60.71 % 65.63 % 53.05 %
Q1 2015 60.87 % 65.62 % 53.47 %
Q2 2015 60.11 % 65.26 % 52.78 %
Q3 2015 59.34 % 64.97 % 52.29 %
Q4 2015 58.79 % 64.64 % 52.08 %
Q1 2016 57.82 % 64.19 % 51.14 %
Q2 2016 57.77 % 64.19 % 50.94 %
Q3 2016 58.46 % 65.04 % 51.29 %
Q4 2016 57.96 % 65.13 % 50.67 %
Q1 2017 57.28 % 65.04 % 49.65 %
Q2 2017 55.13 % 64.08 % 46.65 %
Q3 2017 51.35 % 60.90 % 42.16 %
Q4 2017 48.02 % 57.56 % 38.28 %
Q1 2018 46.80 % 56.48 % 36.88 %
Q2 2018 45.58 % 54.48 % 34.51 %
Q3 2018 45.79 % 53.62 % 33.78 %
Q4 2018 48.05 % 55.18 % 35.77 %
Q1 2019 46.61 % 51.94 % 33.13 %
Q2 2019 46.68 % 51.15 % 33.40 %
Q3 2019 45.62 % 49.70 % 32.22 %
Q4 2019 45.07 % 48.88 % 31.31 %
Q1 2020 44.72 % 48.26 % 31.13 %
Q2 2020 44.84 % 48.72 % 30.87 %
Q3 2020 44.64 % 47.79 % 30.93 %
Q4 2020 42.45 % 44.85 % 29.05 %
Q1 2021 41.16 % 43.35 % 27.57 %
Q2 2021 40.79 % 42.52 % 27.36 %
Q3 2021 39.43 % 41.52 % 25.62 %
Q4 2021 37.63 % 40.55 % 23.55 %
Q1 2022 35.31 % 39.14 % 21.12 %
Q2 2022 35.85 % 40.06 % 22.35 %
Q3 2022 36.38 % 41.24 % 23.62 %
Q4 2022 40.07 % 44.71 % 28.09 %
Q1 2023 42.52 % 46.04 % 29.89 %
Q2 2023 42.26 % 44.96 % 28.61 %
Q3 2023 41.96 % 43.43 % 28.03 %
Q4 2023 39.19 % 39.84 % 25.46 %
Q1 2024 38.68 % 38.93 % 25.09 %
Q2 2024 38.04 % 37.81 % 24.87 %
Q3 2024 38.83 % 38.37 % 25.76 %
Q4 2024 39.82 % 38.75 % 25.18 %
Q1 2025 39.89 % 38.76 % 24.98 %
Q2 2025 39.29 % 38.69 % 24.68 %
Q3 2025 37.09 % 37.31 % 22.25 %
Q4 2025 36.08 % 36.97 % 21.76 %
2025 36.08 % 35.69 % 21.76 %
Q1 2026 35.88 % 37.42 % 21.72 %
Q2 2026 36.64 % - 22.08 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Earnings Per Share before unusual items (Riyal) Book Value (BV)
Q1 2003 153.00 - - 10.70
Q2 2003 153.00 - - 11.32
Q3 2003 153.00 - - 12.12
Q4 2003 153.00 2.63 2.63 12.74
Q1 2004 153.00 2.66 2.66 11.08
Q2 2004 153.00 2.73 2.73 11.77
Q3 2004 153.00 2.67 2.67 12.51
Q4 2004 153.00 2.86 2.86 13.32
Q1 2005 153.00 3.07 3.07 11.69
Q2 2005 153.00 3.29 3.29 11.34
Q3 2005 153.00 3.39 3.39 12.13
Q4 2005 153.00 3.17 3.17 12.87
Q1 2006 153.00 3.33 3.33 12.66
Q2 2006 153.00 3.57 3.57 13.80
Q3 2006 153.00 3.74 3.74 14.82
Q4 2006 153.00 4.17 4.17 15.83
Q1 2007 153.00 4.28 4.28 14.52
Q2 2007 153.00 4.37 4.37 15.76
Q3 2007 153.00 4.40 4.40 16.80
Q4 2007 153.00 4.49 4.49 17.90
Q1 2008 153.00 4.51 4.51 15.68
Q2 2008 153.00 4.40 4.40 16.81
Q3 2008 153.00 4.30 4.30 17.75
Q4 2008 153.00 4.06 4.06 18.61
Q1 2009 153.00 3.92 3.92 17.26
Q2 2009 153.00 3.90 3.90 18.35
Q3 2009 153.00 3.75 3.75 19.16
Q4 2009 153.00 3.81 3.81 20.07
Q1 2010 153.00 3.97 3.97 18.88
Q2 2010 153.00 4.12 4.12 20.12
Q3 2010 153.00 4.23 4.23 21.05
Q4 2010 153.00 4.31 4.31 22.03
Q1 2011 153.00 4.53 4.53 23.41
Q2 2011 153.00 4.69 4.69 18.80
Q3 2011 153.00 5.05 5.05 20.07
Q4 2011 153.00 5.43 5.43 21.45
Q1 2012 153.00 6.18 6.18 19.07
Q2 2012 153.00 6.68 6.68 17.46
Q3 2012 153.00 6.78 6.78 18.83
Q4 2012 153.00 7.20 7.20 20.64
Q1 2013 153.00 7.30 7.30 19.35
Q2 2013 153.00 7.41 7.41 17.86
Q3 2013 153.00 7.54 7.54 19.35
Q4 2013 153.00 7.35 7.35 20.97
Q1 2014 153.00 6.99 6.99 19.33
Q2 2014 153.00 6.87 6.87 17.38
Q3 2014 153.00 6.88 6.88 18.90
Q4 2014 153.00 7.02 7.02 20.65
Q1 2015 153.00 7.13 7.13 20.12
Q2 2015 153.00 6.91 6.91 18.77
Q3 2015 153.00 6.75 6.75 20.13
Q4 2015 153.00 6.15 6.58 21.28
Q1 2016 153.00 5.88 6.31 19.37
Q2 2016 153.00 5.85 6.28 18.25
Q3 2016 153.00 5.82 6.25 19.57
Q4 2016 153.00 5.89 5.89 20.85
Q1 2017 153.00 5.25 5.25 21.92
Q2 2017 153.00 4.23 4.23 17.54
Q3 2017 153.00 3.48 3.48 18.11
Q4 2017 153.00 2.96 2.96 18.81
Q1 2018 153.00 2.82 2.82 19.74
Q2 2018 153.00 2.58 2.58 16.87
Q3 2018 153.00 2.50 2.50 17.36
Q4 2018 153.00 2.62 2.62 18.22
Q1 2019 153.00 2.55 2.55 19.08
Q2 2019 153.00 2.78 2.78 16.43
Q3 2019 153.00 2.83 2.83 16.97
Q4 2019 153.00 2.95 2.95 17.84
Q1 2020 153.00 3.06 3.06 18.81
Q2 2020 153.00 2.95 2.95 15.81
Q3 2020 153.00 3.11 3.11 16.51
Q4 2020 153.00 2.98 2.98 17.33
Q1 2021 153.00 2.79 2.79 18.11
Q2 2021 153.00 2.86 2.86 15.15
Q3 2021 153.00 2.54 2.54 15.54
Q4 2021 153.00 2.17 2.17 15.90
Q1 2022 153.00 1.79 1.79 16.30
Q2 2022 153.00 1.89 1.89 13.47
Q3 2022 153.00 2.04 2.04 14.00
Q4 2022 153.00 2.61 2.61 14.99
Q1 2023 153.00 3.02 2.96 15.80
Q2 2023 153.00 2.90 2.85 13.10
Q3 2023 153.00 2.82 2.76 13.55
Q4 2023 153.00 2.49 2.43 14.11
Q1 2024 153.00 2.42 2.42 14.86
Q2 2024 153.00 2.44 2.44 13.18
Q3 2024 153.00 2.65 2.65 13.83
Q4 2024 153.00 2.76 2.76 14.64
Q1 2025 153.00 2.72 2.72 15.35
Q2 2025 153.00 2.78 2.78 13.48
Q3 2025 153.00 2.47 2.47 13.82
Q4 2025 153.00 2.38 2.38 14.51
Q1 2026 153.00 2.32 2.32 15.16
Q2 2026 153.00 2.37 2.37 14.03

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Recurring P/E Price/book
Q1 2003 - - 3.59
Q2 2003 - - 3.82
Q3 2003 - - 3.75
Q4 2003 17.86 17.86 3.69
Q1 2004 16.83 16.83 4.04
Q2 2004 16.70 16.70 3.87
Q3 2004 17.48 17.48 3.73
Q4 2004 19.98 19.98 4.29
Q1 2005 17.78 17.78 4.68
Q2 2005 28.84 28.84 8.37
Q3 2005 28.00 28.00 7.83
Q4 2005 30.02 30.02 7.38
Q1 2006 24.17 24.17 6.35
Q2 2006 22.01 22.01 5.69
Q3 2006 19.42 19.42 4.90
Q4 2006 15.75 15.75 4.15
Q1 2007 13.10 13.10 3.86
Q2 2007 12.17 12.17 3.37
Q3 2007 13.46 13.46 3.52
Q4 2007 18.87 18.87 4.73
Q1 2008 16.69 16.69 4.80
Q2 2008 17.36 17.36 4.54
Q3 2008 12.79 12.79 3.10
Q4 2008 9.28 9.28 2.02
Q1 2009 9.77 9.77 2.22
Q2 2009 9.75 9.75 2.07
Q3 2009 11.45 11.45 2.24
Q4 2009 10.07 10.07 1.91
Q1 2010 12.27 12.27 2.58
Q2 2010 10.78 10.78 2.21
Q3 2010 10.47 10.47 2.10
Q4 2010 11.55 11.55 2.26
Q1 2011 11.63 11.63 2.25
Q2 2011 13.66 13.66 3.41
Q3 2011 12.54 12.54 3.15
Q4 2011 13.25 13.25 3.36
Q1 2012 13.67 13.67 4.43
Q2 2012 13.51 13.51 5.17
Q3 2012 12.99 12.99 4.67
Q4 2012 13.19 13.19 4.60
Q1 2013 12.33 12.33 4.65
Q2 2013 13.63 13.63 5.66
Q3 2013 14.33 14.33 5.58
Q4 2013 13.82 13.82 4.84
Q1 2014 15.23 15.23 5.51
Q2 2014 16.78 16.78 6.63
Q3 2014 16.59 16.59 6.04
Q4 2014 13.63 13.63 4.63
Q1 2015 12.58 12.58 4.46
Q2 2015 14.00 14.00 5.15
Q3 2015 10.63 10.63 3.56
Q4 2015 10.56 9.86 3.05
Q1 2016 10.73 9.99 3.26
Q2 2016 10.80 10.05 3.46
Q3 2016 9.55 8.89 2.84
Q4 2016 12.09 12.09 3.42
Q1 2017 11.40 11.40 2.73
Q2 2017 12.27 12.27 2.96
Q3 2017 12.03 12.03 2.31
Q4 2017 16.00 16.00 2.52
Q1 2018 19.93 19.93 2.84
Q2 2018 19.23 19.23 2.94
Q3 2018 17.89 17.89 2.58
Q4 2018 18.55 18.55 2.67
Q1 2019 22.91 22.91 3.07
Q2 2019 25.23 25.23 4.27
Q3 2019 25.18 25.18 4.20
Q4 2019 23.76 23.76 3.93
Q1 2020 16.04 16.04 2.60
Q2 2020 17.99 17.99 3.35
Q3 2020 18.70 18.70 3.52
Q4 2020 20.64 20.64 3.55
Q1 2021 23.80 23.80 3.67
Q2 2021 22.24 22.24 4.20
Q3 2021 24.72 24.72 4.04
Q4 2021 25.26 25.26 3.45
Q1 2022 34.05 34.05 3.74
Q2 2022 26.87 26.87 3.78
Q3 2022 25.62 25.62 3.73
Q4 2022 19.56 19.56 3.40
Q1 2023 18.57 18.93 3.55
Q2 2023 20.46 20.88 4.53
Q3 2023 18.50 18.88 3.85
Q4 2023 21.12 21.62 3.73
Q1 2024 19.22 19.22 3.14
Q2 2024 18.72 18.72 3.46
Q3 2024 15.67 15.67 3.00
Q4 2024 15.47 15.47 2.91
Q1 2025 16.53 16.53 2.93
Q2 2025 14.26 14.26 2.94
Q3 2025 16.46 16.46 2.94
Q4 2025 14.49 14.49 2.37
Q1 2026 14.95 14.95 2.29
Q2 2026 12.82 12.82 2.16

Business Segments (Million Riyal)

Compared With The
Period Cement Clinker
Q3 2021 250.73 54.19
Q4 2021 276.54 50.91
Q1 2022 271.09 43.97
Q2 2022 290.74 58.24
Q3 2022 315.81 12.24
Q4 2022 402.14 25.60
Q1 2023 346.31 63.31
Q2 2023 306.89 49.38
Q3 2023 251.09 63.91
Q4 2023 320.89 60.06
Q1 2024 361.90 64.62
Q2 2024 307.57 70.56
Q3 2024 330.73 56.38
Q4 2024 421.61 62.44
Q1 2025 368.57 49.68
Q2 2025 364.59 66.94
Q3 2025 311.50 52.43
Q4 2025 401.37 56.12
Q1 2026 350.35 32.40

Analysts Estimates (Million Riyal)

Item Profit (Expected) Profit (Actual) Change
Average 105.61 102.00

Estimates vs Actual (Million Riyal)

Item Profit (Expected) Profit (Actual) Change‬
Al Rajhi Capital 102.00 102.00
AlJazira Capital 102.70 102.00
Riyad Capital 100.00 102.00
SNB Capital 99.60 102.00
Sico 106.00 102.00
Value Capital 97.20 102.00
United Securities Company 116.00 102.00
U-Capital 121.40 102.00

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