Riyadh — Mubasher: Tabuk Cement Company incurred a net loss of SAR 5.38 million during the third quarter (Q3) of 2026, swinging from a net profit of SAR 8.25 million in Q3-25.
The company attributed the downturn to a sharp decline in sales and rising fuel costs, according to a bourse filing.
Quarterly revenue fell by 45.50% to SAR 39.71 million in Q3-26, compared to SAR 72.86 million in the prior-year quarter.
Management stated that the decrease in sales was primarily driven by lower demand for cement following the suspension of work on several major projects in the region.
Gross profit for the Q3-26 period plummeted by 97.64% to roughly SAR 350,000.
For the first nine-month (9M) period of 2026, Tabuk Cement recorded a net loss of nearly SAR 780,000 against a net profit of SAR 35.42 million in 9M-25.
Total revenue reached SAR 152.90 million in 9M-26, representing a 27.17% decrease year-on-year.
Operating profit for the period fell by 92.58% to SAR 3.02 million.
Furthermore, the loss per share stood at SAR 0.01 in 9M-26, compared to earnings per share (EPS) of SAR 0.39 a year earlier.
Total shareholders' equity, excluding non-controlling interests, was reported at SAR 1.12 billion.
