Saudi Arabia's Yanbu Cement Company Reports 25.5% Increase in Q1 Net Profit to SAR 37.5 Million

en.Wedoany.com Reported - Saudi Arabia's Yanbu Cement Company reported a 25.5% increase in net profit for the first quarter of 2026, reaching SAR 37.5 million (approximately USD 10 million), compared to SAR 29.9 million in the same period last year.

Revenue declined 4.6% year-on-year, from SAR 266.4 million to SAR 254.1 million; operating profit grew 19.1% to SAR 42.8 million. Gross profit remained largely stable at SAR 75.7 million.

The company attributed the profit improvement to higher average selling prices, lower cost of revenue, reduced selling and distribution expenses due to decreased export volumes, and lower financing costs. Yanbu Cement noted that domestic sales volumes declined during the quarter.

On a quarter-on-quarter basis, net profit increased by 52.8% from SAR 24.6 million in the fourth quarter of 2025. As of the end of March 2026, shareholders' equity stood at SAR 2.55 billion, down from SAR 2.63 billion in the same period last year.

Yanbu Cement Company's first quarter 2026 results show that despite a year-on-year decline in revenue, both operating profit and net profit achieved year-on-year growth through cost control and sales price adjustments. Operating in the Saudi Arabian cement market, the company relied on export strategy adjustments and expense management to sustain profit improvement amid declining domestic sales volumes.

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