Eastern Province Cement Co. announces its Interim Financial results for the Period Ending on 2026-06-30 ( Six Months )

Eastern Province Cement reported a net profit of SAR 141 million for the first half of 2026, representing a 12.8% increase from the SAR 125 million recorded in the same period last year. For the second quarter, net profit reached SAR 69 million, a 9.5% year-on-year growth driven by higher cement sales volumes and gains from the revaluation of investments at fair value.
Total revenue for the six-month period climbed 14.6% to SAR 698 million, supported by an increase in both cement sales quantities and the value of precast sales. On a quarterly basis, revenue rose 10.6% year-on-year to SAR 344 million, although it saw a slight 2.8% sequential decline from Q1 2026 due to lower sales volumes in the cement and precast segments.
Quarterly profitability was impacted by a sequential 4.17% decline in net profit compared to Q1 2026, attributed to higher general and administrative expenses, the recognition of expected credit loss (ECL) provisions, and a decrease in dividend and murabaha deposit income. However, total comprehensive income for the quarter surged 164.7% year-on-year to SAR 90 million.
The company's balance sheet remains stable with total shareholders' equity increasing b

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	344	311	10.61	354	-2.824
Gross Profit (Loss)	100	93	7.526	100	-
Operational Profit (Loss)	80	77	3.896	81	-1.234
Net Profit (Loss) Attributable to Shareholders of the Issuer	69	63	9.523	72	-4.166
Total Comprehensive Income Attributable to Shareholders of the Issuer	90	34	164.705	81	11.111
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	698	609	14.614
Gross Profit (Loss)	200	190	5.263
Operational Profit (Loss)	161	154	4.545
Net Profit (Loss) Attributable to Shareholders of the Issuer	141	125	12.8
Total Comprehensive Income Attributable to Shareholders of the Issuer	170	93	82.795
Total Shareholders Equity (after Deducting Minority Equity)	2,460	2,301	6.91
Profit (Loss) per Share	0.8	0.74
All figures are in (Millions) 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 (Millions) 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 increase in revenue is due to: - Increase in the quantity of cement sales.
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 increase in net profit is due to: - Increase gross profit as a result to increase the revenue. - Increase the other income. - Increase the gains from the revaluation of investments at fair value through P&L.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The decrease in revenue is due to: - Decrease in the quantity of cement sales. - Decrease in the value of precast sales.
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 is due to: - Decrease gross profit as a result to decrease the revenue. - Increase the general and administrative expenses. - Decrease the income from dividend and murabaha deposit. - Decrease in gains from the revaluation of investments at fair value through P&L. - Recognition of expected credit loss provisions 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 is due to: - Increase in the quantity of cement sales. - Increase in value of precast sales.
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 increase in net profit is mainly due to: - Increase gross profit as a result to increase the revenue. - Increase in the share of results from the associate company. - Decrease in other expenses. - Increase in gains from the revaluation of investments at fair value through P&L.
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)	Not applicable
Reclassification of Comparison Items	Not applicable
Additional Information	-