Riyadh - Mubasher: City Cement Company reported a 49.08% decline in net profit for the first half (H1) of 2026, with earnings reaching SAR 44.77 million compared to SAR 87.92 million in H1-25.
The company attributed the downturn to a decrease in sales volumes and lower average selling prices, alongside higher production costs resulting from increased fuel prices.
Revenue for the six-month period shrank by 21.89% to SAR 225.56 million from SAR 288.76 million a year earlier.
Operating profit saw a steeper decline of 54.75%, closing at SAR 36.85 million. Earnings per share (EPS) for the period were recorded at SAR 0.32, down from SAR 0.63 in the prior-year period.
Quarterly performance also showed significant pressure, as second-quarter net profit dropped -59.88% year-on-year (YoY) to SAR 14.59 million.
On a sequential basis, net profit decreased by 51.64% from the SAR 30.18 million recorded in Q1-26.
The company noted that while administrative, selling, and marketing expenses were reduced, these savings were offset by the impact of rising energy costs on the cost of sales.
Total shareholders' equity stood at SAR 1.81 billion as of 30 June 2026.
In January-March 2026, City Cement generated 41.44% lower net profits at SAR 30.17 million, compared to SAR 51.53 million in Q1-25.
