Riyadh – Mubasher: The net profits of Yanbu Cement Company hit SAR 31.26 million for the second quarter (Q2) of 2026, marking a 44.59% increase from SAR 21.62 million in Q2-25.
The growth occurred despite a 14.97% decline in quarterly revenue, which fell to SAR 233.25 million from SAR 274.30 million.
Earnings per share (EPS) stood at SAR 0.20, compared to SAR 0.14 in the prior-year period.
The company attributed the improved bottom line to higher average selling prices for both domestic and export markets, alongside a reduction in selling, administrative, and financing expenses. These factors offset a decrease in overall sales volumes during the period.
For the first half (H1) of 2026, net profit reached SAR 68.80 million, up 33.51% from SAR 51.53 million in the previous year. Half-year revenue decreased by 9.88% to SAR 487.33 million.
Operating profit for the six-month period rose by 23.14% to SAR 78.59 million, supported by lower costs of goods sold.
Total shareholders' equity, excluding non-controlling interests, was recorded at SAR 2.46 billion as of 30 June 2026, representing a 7.32% decrease from SAR 2.66 billion a year earlier.
In Q1-26, the net profits attributable to the shareholder jumped by 25.50% YoY to SAR 37.54 million from SAR 29.91 million a year earlier.
