QASSIM CEMENT COMPANY ANNOUNCES THE INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDING ON 30 JUNE 2026 (SIX MONTHS)

Qassim Cement reported a net profit of SAR 120.5 million for the first half of 2026, representing a 19.5% decrease from the SAR 149.7 million recorded during the same period in 2025.
Half-year revenue declined 4.8% year-on-year to SAR 567.4 million, driven by a combination of lower average selling prices and a reduction in total sales volumes.
Profitability was significantly pressured by rising operating costs due to higher fuel prices implemented at the start of the year, as well as a decrease in returns from the company's financial investments.
Quarterly performance showed a similar downward trend, with net profit falling 15.2% year-on-year to SAR 51.8 million and earnings per share (EPS) for the six-month period dropping to SAR 1.1 from SAR 1.36.

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	274,565,628	293,469,724	-6.441	292,794,530	-6.225
Gross Profit (Loss)	57,471,307	72,824,087	-21.082	76,879,299	-25.244
Operational Profit (Loss)	56,165,089	73,470,554	-23.554	72,585,971	-22.622
Net Profit (Loss) Attributable to Shareholders of the Issuer	51,775,841	61,064,129	-15.21	68,721,990	-24.658
Total Comprehensive Income Attributable to Shareholders of the Issuer	51,775,841	61,064,129	-15.21	68,721,990	-24.658
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	567,360,158	596,153,628	-4.829
Gross Profit (Loss)	134,350,606	163,295,240	-17.725
Operational Profit (Loss)	128,751,060	162,135,786	-20.59
Net Profit (Loss) Attributable to Shareholders of the Issuer	120,497,831	149,680,570	-19.496
Total Comprehensive Income Attributable to Shareholders of the Issuer	120,497,831	149,680,570	-19.496
Total Shareholders Equity (after Deducting Minority Equity)	2,602,648,441	2,724,209,484	-4.462
Profit (Loss) per Share	1.1	1.36
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 revenue during the current quarter compared to the corresponding quarter of the previous year was primarily attributable to a decline in the average selling price, in addition to a decrease in sales volumes.
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 corresponding quarter of the previous year was mainly attributable to a decline in the average selling price and lower sales volumes, in addition to an increase in operating costs resulting from higher fuel prices since the beginning of the current year.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The decrease in revenue during the current quarter compared to the previous quarter was attributable to a decline in the average selling price, in addition to a decrease in sales volumes.
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 to the previous quarter was mainly attributable to a decline in the average selling price and lower sales volumes, in addition to an increase in operating expenses and a decrease in returns from financial investments.
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 decrease in revenue during the current period compared to the corresponding period of the previous year was mainly attributable to a decline in the average selling price, in addition to a decrease in sales volumes.
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 corresponding period of the previous year was mainly attributable to a decline in the average selling price and lower sales volumes, in addition to an increase in operating costs resulting from higher fuel prices since the beginning of the current year, as well as a decrease in returns from financial investments.
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)	N/A
Reclassification of Comparison Items	N/A
Additional Information	N/A