QASSIM CEMENT COMPANY ANNOUNCES THE INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDING ON 30 SEPTEMBER 2025 (NINE MONTHS) | premargin

QASSIM CEMENT COMPANY ANNOUNCES THE INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDING ON 30 SEPTEMBER 2025 (NINE MONTHS)

TadawulOctober 30, 2025View on exchange

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	246,828,223	264,877,634	-6.814	293,469,724	-15.893
Gross Profit (Loss)	33,279,252	73,218,697	-54.548	72,824,087	-54.301
Operational Profit (Loss)	36,397,420	70,190,689	-48.144	73,470,554	-50.459
Net profit (Loss)	41,390,263	65,929,916	-37.22	61,064,129	-32.218
Total Comprehensive Income	41,390,263	65,929,916	-37.22	61,064,129	-32.218
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	842,981,851	664,595,367	26.841
Gross Profit (Loss)	196,574,492	234,049,541	-16.011
Operational Profit (Loss)	198,533,206	210,242,601	-5.569
Net profit (Loss)	191,070,833	211,568,590	-9.688
Total Comprehensive Income	191,070,833	211,568,590	-9.688
Total Shareholders Equity (after Deducting Minority Equity)	2,677,791,229	2,743,726,659	-2.403
Profit (Loss) per Share	1.74	2.16
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 revenues during the current quarter compared to the same quarter of the previous year is due to the sharp decline in the average selling price. Despite the increase in sales volume, driven by high demand of cement.
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 same quarter of the previous year is mainly due to the decrease in average selling prices, in addition to the increase in operating costs following the increase in fuel prices since beginning of the current year. Despite the decrease in general and administrative expenses and Zakat expense.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The decrease in revenues during the current quarter compared to the previous quarter is due to the sharp decrease in average selling price combined by a partial decrease in sales volume.
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 with the previous quarter is mainly due to the sharp decrease in the average selling price during the current quarter.
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 increase in revenues during the current period compared to the same period of the previous year is due to the increase in sales volume, driven by the increase in cement local demand, in addition to the consolidation of subsidiary’s business results following the acquisition of Hail Cement Company as of 10-06-2024, despite the decrease in the average selling prices.
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 same period of the previous year is mainly due to the decrease in the average selling price, in addition to the increase in operating cost following the increase in fuel prices since beginning of the current year. This is despite the increase in the sales volume driven by the increase in the cement local demand.
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)	The consolidated financial statements of the Group for the year ended December 31, 2024, were audited by another auditor who expressed an unmodified opinion on those financial statements on March 26, 2025. The interim condensed consolidated financial statements of the Group for the three-month and nine-month periods ended September 30, 2024, were reviewed by the same auditor who expressed an unmodified conclusion on those financial statements on November 12, 2024.
Reclassification of Comparison Items	Some comparative figures have been reclassified to fit the presentation of the current year's figures, and the figures for the previous quarter have been adjusted on the announcement in accordance with IFRS 3 (Business Combinations).
Additional Information	On June 10, 2024, the Company acquired 100% of the shares of Hail Cement Company, and the acquisition was accounted in accordance with the requirements of IFRS 3 (Business Combinations). Accordingly, the Company has recognized the acquisition based on the carrying values (provisional values) of the acquired assets and liabilities as of the acquisition date, pending the determination of their fair values within 12 months from the acquisition date, as permitted by IFRS 3, which requires the adjustment of the interim values recognized during the measurement period to fair values retroactively. Following the completion of the valuation of assets and liabilities, the accounting impact was reflected in the interim consolidated financial statements as on 30 June 2025 and as on 30 September 2025, and the consolidated financial statements as on 31 December 2024 and as on 31 March 2025 were restated.