QASSIM CEMENT COMPANY ANNOUNCES THE INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDING ON 30 JUNE 2026 (SIX MONTHS)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 274,565,628 | 293,469,724 | -6.441 | 292,794,530 | -6.225 |
| Gross Profit (Loss) | 57,471,307 | 72,824,087 | -21.082 | 76,879,299 | -25.244 |
| Operational Profit (Loss) | 56,165,089 | 73,470,554 | -23.554 | 72,585,971 | -22.622 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 51,775,841 | 61,064,129 | -15.21 | 68,721,990 | -24.658 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 51,775,841 | 61,064,129 | -15.21 | 68,721,990 | -24.658 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 567,360,158 | 596,153,628 | -4.829 |
| Gross Profit (Loss) | 134,350,606 | 163,295,240 | -17.725 |
| Operational Profit (Loss) | 128,751,060 | 162,135,786 | -20.59 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 120,497,831 | 149,680,570 | -19.496 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 120,497,831 | 149,680,570 | -19.496 |
| Total Shareholders Equity (after Deducting Minority Equity) | 2,602,648,441 | 2,724,209,484 | -4.462 |
| Profit (Loss) per Share | 1.1 | 1.36 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | The decrease in revenue during the current quarter compared to the corresponding quarter of the previous year was primarily attributable to a decline in the average selling price, in addition to a decrease in sales volumes. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The decrease in net profit during the current quarter compared to the corresponding quarter of the previous year was mainly attributable to a decline in the average selling price and lower sales volumes, in addition to an increase in operating costs resulting from higher fuel prices since the beginning of the current year. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The decrease in revenue during the current quarter compared to the previous quarter was attributable to a decline in the average selling price, in addition to a decrease in sales volumes. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The decrease in net profit during the current quarter compared to the previous quarter was mainly attributable to a decline in the average selling price and lower sales volumes, in addition to an increase in operating expenses and a decrease in returns from financial investments. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | The decrease in revenue during the current period compared to the corresponding period of the previous year was mainly attributable to a decline in the average selling price, in addition to a decrease in sales volumes. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The decrease in net profit during the current period compared to the corresponding period of the previous year was mainly attributable to a decline in the average selling price and lower sales volumes, in addition to an increase in operating costs resulting from higher fuel prices since the beginning of the current year, as well as a decrease in returns from financial investments. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | N/A |
| Reclassification of Comparison Items | N/A |
| Additional Information | N/A |
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Qassim Cement Company is a Saudi Joint Stock company, established in accordance with the Royal Decree No. M/62 on 15 Shaban, 1396H. (August 11, 1976) and registered in Buraydah City under commercial registration number 1131001224 on 28 Shaban, 1398 (August 2, 1978). On 4 of Dhu al-Hijjah 1445 AH (June 10, 2024), Qassim Cement Company announced the completion of the acquisition of Hail Cement Company (HCC) by increasing its capital through the issuance of new shares to Hail Cement Company shareholders.
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Qassim Cement Co.| Building No: 4266 | Unit Number: 1 | Buraidah: 52271 - 6735 | Kingdom of Saudi Arabia
Phone : (+966) 16 316-5555
Fax : (+966) 16 381-6041
Email : qcc@qcc.com.sa
