National Cement Co.

Qatar National Cement Co.

QNCDStocksQatar Stock ExchangeMaterials

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (QAR)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Assets
Cash & Equivalents	205.73M	159.34M	402.85M	492.89M	698.85M
Cash & Short-Term Investments	645.67M	653.45M	668.60M	787.01M	698.85M
Receivables	198.15M	209.49M	275.97M	370.03M	328.98M
Inventory	481.49M	626.02M	612.85M	366.13M	378.08M
Current Assets	1.35B	1.51B	1.57B	1.54B	1.43B
PP&E	1.55B	1.52B	1.56B	1.65B	1.76B
Intangible Assets	3.85M	6.20M	0.24M	—	—
Total Assets	3.19B	3.30B	3.41B	3.47B	3.45B
Liabilities
Accounts Payable	200.12M	202.63M	231.89M	245.63M	225.79M
Current Liabilities	200.74M	202.63M	231.89M	245.63M	225.79M
Total Debt	6.88M	—	—	—	—
Total Liabilities	222.64M	259.58M	321.90M	385.32M	401.05M
Equity & Ownership
Retained Earnings	2.30B	2.37B	2.42B	2.37B	2.34B
Total Equity	2.97B	3.04B	3.09B	3.08B	3.05B
Net Debt	-638.79M	-653.45M	-668.60M	-787.01M	-698.85M
Shares Outstanding	653,529,000	653,528,940	653,528,940	653,528,940	653,528,940
Cash & Assets
Total Assets	3.19B	3.30B	3.41B	3.47B	3.45B
Total Current Assets	1.35B	1.51B	1.57B	1.54B	1.43B
Cash & Equivalents	205.73M	159.34M	402.85M	492.89M	698.85M
Cash & Short-Term Investments	645.67M	653.45M	668.60M	787.01M	698.85M
Net Cash (Debt)	638.79M	653.45M	668.60M	787.01M	698.85M
Net Cash Per Share	0.98	1.00	1.02	1.20	1.07
Cash Growth	-1.2%	-2.3%	-15.0%	+12.6%	+136.7%
Net Cash Growth	-2.2%	-2.3%	-15.0%	+12.6%	+136.7%
Receivables	198.15M	209.49M	275.97M	370.03M	328.98M
Inventory	481.49M	626.02M	612.85M	366.13M	378.08M
Prepaid Expenses	3.75M	0.87M	9.19M	9.03M	11.22M
Construction In Progress	38.79M	2.16M	5.63M	4.20M	4.68M
Buildings	803.34M	803.21M	802.87M	799.88M	795.20M
Machinery	3.51B	3.51B	3.50B	3.55B	3.56B
Property, Plant & Equipment	1.55B	1.52B	1.56B	1.65B	1.76B
Other Intangible Assets	3.85M	6.20M	0.24M	—	—
Other Current Assets	24.56M	20.04M	7.51M	6.07M	16.21M
Other Long-Term Assets	1.92M	2.37M	2.83M	3.28M	3.73M
Long-Term Leases	6.26M	—	—	—	—
Current Portion of Leases	618.11K	—	—	—	—
Loans & Investments
Short-Term Investments	439.94M	494.11M	265.74M	294.13M	—
Long-Term Investments	282.78M	269.93M	278.02M	269.48M	255.23M
Liabilities & Obligations
Total Liabilities	222.64M	259.58M	321.90M	385.32M	401.05M
Total Liabilities & Equity	3.19B	3.30B	3.41B	3.47B	3.45B
Total Current Liabilities	200.74M	202.63M	231.89M	245.63M	225.79M
Accounts Payable	200.12M	202.63M	231.89M	245.63M	225.79M
Pension & Post-Retirement Benefits	13.79M	13.69M	11.18M	11.21M	11.21M
Other Long-Term Liabilities	1.85M	43.26M	78.83M	128.48M	164.05M
Debt & Funding
Total Debt	6.88M	—	—	—	—
Equity & Book Value
Shareholders' Equity	2.97B	3.04B	3.09B	3.08B	3.05B
Common Stock	653.53M	653.53M	653.53M	653.53M	653.53M
Retained Earnings	2.30B	2.37B	2.42B	2.37B	2.34B
Comprehensive Income & Other	16.19M	16.01M	20.37M	54.58M	54.76M
Book Value Per Share	4.54	4.66	4.73	4.71	4.67
Tangible Book Value	2.96B	3.04B	3.09B	3.08B	3.05B
Tangible Book Value Per Share	4.54	4.65	4.73	4.71	4.67
Filing Date Shares Outstanding	653.53M	653.53M	653.53M	653.53M	653.53M
Total Common Shares Outstanding	653.53M	653.53M	653.53M	653.53M	653.53M
Working Capital	1.15B	1.31B	1.34B	1.29B	1.21B

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (QAR)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Assets
Cash & Equivalents	205.73M	159.34M	402.85M	492.89M	698.85M
Cash & Short-Term Investments	645.67M	653.45M	668.60M	787.01M	698.85M
Receivables	198.15M	209.49M	275.97M	370.03M	328.98M
Inventory	481.49M	626.02M	612.85M	366.13M	378.08M
Current Assets	1.35B	1.51B	1.57B	1.54B	1.43B
PP&E	1.55B	1.52B	1.56B	1.65B	1.76B
Intangible Assets	3.85M	6.20M	0.24M	—	—
Total Assets	3.19B	3.30B	3.41B	3.47B	3.45B
Liabilities
Accounts Payable	200.12M	202.63M	231.89M	245.63M	225.79M
Current Liabilities	200.74M	202.63M	231.89M	245.63M	225.79M
Total Debt	6.88M	—	—	—	—
Total Liabilities	222.64M	259.58M	321.90M	385.32M	401.05M
Equity & Ownership
Retained Earnings	2.30B	2.37B	2.42B	2.37B	2.34B
Total Equity	2.97B	3.04B	3.09B	3.08B	3.05B
Net Debt	-638.79M	-653.45M	-668.60M	-787.01M	-698.85M
Shares Outstanding	653,529,000	653,528,940	653,528,940	653,528,940	653,528,940
Cash & Assets
Total Assets	3.19B	3.30B	3.41B	3.47B	3.45B
Total Current Assets	1.35B	1.51B	1.57B	1.54B	1.43B
Cash & Equivalents	205.73M	159.34M	402.85M	492.89M	698.85M
Cash & Short-Term Investments	645.67M	653.45M	668.60M	787.01M	698.85M
Net Cash (Debt)	638.79M	653.45M	668.60M	787.01M	698.85M
Net Cash Per Share	0.98	1.00	1.02	1.20	1.07
Cash Growth	-1.2%	-2.3%	-15.0%	+12.6%	+136.7%
Net Cash Growth	-2.2%	-2.3%	-15.0%	+12.6%	+136.7%
Receivables	198.15M	209.49M	275.97M	370.03M	328.98M
Inventory	481.49M	626.02M	612.85M	366.13M	378.08M
Prepaid Expenses	3.75M	0.87M	9.19M	9.03M	11.22M
Construction In Progress	38.79M	2.16M	5.63M	4.20M	4.68M
Buildings	803.34M	803.21M	802.87M	799.88M	795.20M
Machinery	3.51B	3.51B	3.50B	3.55B	3.56B
Property, Plant & Equipment	1.55B	1.52B	1.56B	1.65B	1.76B
Other Intangible Assets	3.85M	6.20M	0.24M	—	—
Other Current Assets	24.56M	20.04M	7.51M	6.07M	16.21M
Other Long-Term Assets	1.92M	2.37M	2.83M	3.28M	3.73M
Long-Term Leases	6.26M	—	—	—	—
Current Portion of Leases	618.11K	—	—	—	—
Loans & Investments
Short-Term Investments	439.94M	494.11M	265.74M	294.13M	—
Long-Term Investments	282.78M	269.93M	278.02M	269.48M	255.23M
Liabilities & Obligations
Total Liabilities	222.64M	259.58M	321.90M	385.32M	401.05M
Total Liabilities & Equity	3.19B	3.30B	3.41B	3.47B	3.45B
Total Current Liabilities	200.74M	202.63M	231.89M	245.63M	225.79M
Accounts Payable	200.12M	202.63M	231.89M	245.63M	225.79M
Pension & Post-Retirement Benefits	13.79M	13.69M	11.18M	11.21M	11.21M
Other Long-Term Liabilities	1.85M	43.26M	78.83M	128.48M	164.05M
Debt & Funding
Total Debt	6.88M	—	—	—	—
Equity & Book Value
Shareholders' Equity	2.97B	3.04B	3.09B	3.08B	3.05B
Common Stock	653.53M	653.53M	653.53M	653.53M	653.53M
Retained Earnings	2.30B	2.37B	2.42B	2.37B	2.34B
Comprehensive Income & Other	16.19M	16.01M	20.37M	54.58M	54.76M
Book Value Per Share	4.54	4.66	4.73	4.71	4.67
Tangible Book Value	2.96B	3.04B	3.09B	3.08B	3.05B
Tangible Book Value Per Share	4.54	4.65	4.73	4.71	4.67
Filing Date Shares Outstanding	653.53M	653.53M	653.53M	653.53M	653.53M
Total Common Shares Outstanding	653.53M	653.53M	653.53M	653.53M	653.53M
Working Capital	1.15B	1.31B	1.34B	1.29B	1.21B