NORTHERN CEMENT

Northern Region Cement Co.

3004StocksTadawulMaterials

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Assets
Cash & Equivalents	22.96M	26.99M	42.92M	17.87M	18.29M
Cash & Short-Term Investments	22.96M	26.99M	42.92M	17.87M	18.29M
Receivables	80.48M	98.88M	110.83M	119.37M	149.13M
Inventory	750.43M	681.88M	630.56M	600.63M	462.55M
Current Assets	917.85M	863.50M	834.21M	778.30M	684.74M
PP&E	2.23B	2.14B	1.97B	1.92B	1.89B
Goodwill	—	506.85M	506.85M	506.16M	506.16M
Intangible Assets	556.54M	52.11M	51.33M	48.94M	46.83M
Total Assets	3.70B	3.56B	3.52B	3.41B	3.26B
Liabilities
Accounts Payable	241.40M	145.08M	119.29M	118.08M	93.84M
Current Liabilities	1.01B	0.93B	0.95B	0.82B	0.76B
Long-Term Debt	364.92M	315.47M	263.52M	337.07M	264.86M
Short-Term Debt	501.11M	481.59M	541.00M	415.00M	460.25M
Total Debt	1.07B	0.98B	0.96B	0.88B	0.82B
Total Liabilities	1.44B	1.31B	1.28B	1.18B	1.05B
Equity & Ownership
Retained Earnings	473.27M	462.21M	451.41M	440.15M	418.13M
Total Equity	2.26B	2.25B	2.24B	2.23B	2.21B
Net Debt	1.04B	0.95B	0.91B	0.86B	0.81B
Shares Outstanding	183,380,848	180,000,000	180,000,000	180,000,000	180,000,000
Cash & Assets
Total Assets	3.70B	3.56B	3.52B	3.41B	3.26B
Total Current Assets	917.85M	863.50M	834.21M	778.30M	684.74M
Cash & Equivalents	22.96M	26.99M	42.92M	17.87M	18.29M
Cash & Short-Term Investments	22.96M	26.99M	42.92M	17.87M	18.29M
Net Cash (Debt)	-1.04B	-0.95B	-0.91B	-0.86B	-0.81B
Net Cash Per Share	-5.78	-5.29	-5.08	-4.79	-4.48
Cash Growth	-14.9%	-37.1%	+140.1%	-2.3%	-34.2%
Accounts Receivable	58.89M	43.98M	52.34M	60.28M	86.69M
Other Receivables	0.37M	15.44M	10.57M	14.87M	34.30M
Receivables	80.48M	98.88M	110.83M	119.37M	149.13M
Inventory	750.43M	681.88M	630.56M	600.63M	462.55M
Prepaid Expenses	63.97M	19.49M	15.86M	17.61M	16.71M
Construction In Progress	—	395.18M	188.65M	340.44M	244.97M
Land	—	20.81M	20.81M	20.30M	20.30M
Buildings	—	845.02M	836.46M	833.83M	833.44M
Machinery	—	2.00B	2.00B	1.67B	1.66B
Leasehold Improvements	—	2.43M	2.43M	1.09M	1.09M
Property, Plant & Equipment	2.23B	2.14B	1.97B	1.92B	1.89B
Goodwill	—	506.85M	506.85M	506.16M	506.16M
Other Intangible Assets	556.54M	52.11M	51.33M	48.94M	46.83M
Other Current Assets	—	36.27M	34.04M	22.81M	38.05M
Other Long-Term Assets	—	—	—	—	—
Long-Term Accounts Receivable	—	—	—	—	—
Long-Term Leases	4.83M	6.59M	2.86M	3.16M	3.47M
Current Portion of Leases	1.51M	1.97M	0.50M	0.46M	0.70M
Loans & Investments
Long-Term Investments	—	—	160.80M	155.93M	138.60M
Liabilities & Obligations
Total Liabilities	1.44B	1.31B	1.28B	1.18B	1.05B
Total Liabilities & Equity	3.70B	3.56B	3.52B	3.41B	3.26B
Total Current Liabilities	1.01B	0.93B	0.95B	0.82B	0.76B
Accounts Payable	241.40M	145.08M	119.29M	118.08M	93.84M
Accrued Expenses	43.61M	90.60M	96.37M	103.59M	71.35M
Current Income Taxes Payable	21.07M	25.08M	34.54M	39.47M	30.68M
Other Current Liabilities	8.70M	10.61M	8.40M	16.55M	11.12M
Pension & Post-Retirement Benefits	27.94M	24.15M	22.33M	21.36M	20.03M
Other Long-Term Liabilities	26.07M	35.78M	39.68M	—	—
Debt & Funding
Long-Term Debt	364.92M	315.47M	263.52M	337.07M	264.86M
Short-Term Debt	501.11M	481.59M	541.00M	415.00M	460.25M
Total Debt	1.07B	0.98B	0.96B	0.88B	0.82B
Current Portion of Long-Term Debt	195.20M	173.05M	148.72M	123.79M	94.55M
Equity & Book Value
Shareholders' Equity	2.26B	2.25B	2.24B	2.23B	2.21B
Total Common Equity	2.26B	2.25B	2.24B	2.23B	2.21B
Common Stock	1.80B	1.80B	1.80B	1.80B	1.80B
Retained Earnings	473.27M	462.21M	451.41M	440.15M	418.13M
Comprehensive Income & Other	-11.15M	-10.00M	-11.31M	-11.73M	-8.85M
Minority Interest	1.98M	2.10M	2.14M	4.66M	4.33M
Book Value Per Share	12.34	12.51	12.44	12.38	12.27
Tangible Book Value	1.71B	1.69B	1.68B	1.67B	1.66B
Tangible Book Value Per Share	9.30	9.41	9.34	9.30	9.20
Filing Date Shares Outstanding	183.38M	180.00M	180.00M	180.00M	180.00M
Total Common Shares Outstanding	183.38M	180.00M	180.00M	180.00M	180.00M
Working Capital	-94.74M	-64.48M	-114.62M	-38.65M	-77.76M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Assets
Cash & Equivalents	22.96M	26.99M	42.92M	17.87M	18.29M
Cash & Short-Term Investments	22.96M	26.99M	42.92M	17.87M	18.29M
Receivables	80.48M	98.88M	110.83M	119.37M	149.13M
Inventory	750.43M	681.88M	630.56M	600.63M	462.55M
Current Assets	917.85M	863.50M	834.21M	778.30M	684.74M
PP&E	2.23B	2.14B	1.97B	1.92B	1.89B
Goodwill	—	506.85M	506.85M	506.16M	506.16M
Intangible Assets	556.54M	52.11M	51.33M	48.94M	46.83M
Total Assets	3.70B	3.56B	3.52B	3.41B	3.26B
Liabilities
Accounts Payable	241.40M	145.08M	119.29M	118.08M	93.84M
Current Liabilities	1.01B	0.93B	0.95B	0.82B	0.76B
Long-Term Debt	364.92M	315.47M	263.52M	337.07M	264.86M
Short-Term Debt	501.11M	481.59M	541.00M	415.00M	460.25M
Total Debt	1.07B	0.98B	0.96B	0.88B	0.82B
Total Liabilities	1.44B	1.31B	1.28B	1.18B	1.05B
Equity & Ownership
Retained Earnings	473.27M	462.21M	451.41M	440.15M	418.13M
Total Equity	2.26B	2.25B	2.24B	2.23B	2.21B
Net Debt	1.04B	0.95B	0.91B	0.86B	0.81B
Shares Outstanding	183,380,848	180,000,000	180,000,000	180,000,000	180,000,000
Cash & Assets
Total Assets	3.70B	3.56B	3.52B	3.41B	3.26B
Total Current Assets	917.85M	863.50M	834.21M	778.30M	684.74M
Cash & Equivalents	22.96M	26.99M	42.92M	17.87M	18.29M
Cash & Short-Term Investments	22.96M	26.99M	42.92M	17.87M	18.29M
Net Cash (Debt)	-1.04B	-0.95B	-0.91B	-0.86B	-0.81B
Net Cash Per Share	-5.78	-5.29	-5.08	-4.79	-4.48
Cash Growth	-14.9%	-37.1%	+140.1%	-2.3%	-34.2%
Accounts Receivable	58.89M	43.98M	52.34M	60.28M	86.69M
Other Receivables	0.37M	15.44M	10.57M	14.87M	34.30M
Receivables	80.48M	98.88M	110.83M	119.37M	149.13M
Inventory	750.43M	681.88M	630.56M	600.63M	462.55M
Prepaid Expenses	63.97M	19.49M	15.86M	17.61M	16.71M
Construction In Progress	—	395.18M	188.65M	340.44M	244.97M
Land	—	20.81M	20.81M	20.30M	20.30M
Buildings	—	845.02M	836.46M	833.83M	833.44M
Machinery	—	2.00B	2.00B	1.67B	1.66B
Leasehold Improvements	—	2.43M	2.43M	1.09M	1.09M
Property, Plant & Equipment	2.23B	2.14B	1.97B	1.92B	1.89B
Goodwill	—	506.85M	506.85M	506.16M	506.16M
Other Intangible Assets	556.54M	52.11M	51.33M	48.94M	46.83M
Other Current Assets	—	36.27M	34.04M	22.81M	38.05M
Other Long-Term Assets	—	—	—	—	—
Long-Term Accounts Receivable	—	—	—	—	—
Long-Term Leases	4.83M	6.59M	2.86M	3.16M	3.47M
Current Portion of Leases	1.51M	1.97M	0.50M	0.46M	0.70M
Loans & Investments
Long-Term Investments	—	—	160.80M	155.93M	138.60M
Liabilities & Obligations
Total Liabilities	1.44B	1.31B	1.28B	1.18B	1.05B
Total Liabilities & Equity	3.70B	3.56B	3.52B	3.41B	3.26B
Total Current Liabilities	1.01B	0.93B	0.95B	0.82B	0.76B
Accounts Payable	241.40M	145.08M	119.29M	118.08M	93.84M
Accrued Expenses	43.61M	90.60M	96.37M	103.59M	71.35M
Current Income Taxes Payable	21.07M	25.08M	34.54M	39.47M	30.68M
Other Current Liabilities	8.70M	10.61M	8.40M	16.55M	11.12M
Pension & Post-Retirement Benefits	27.94M	24.15M	22.33M	21.36M	20.03M
Other Long-Term Liabilities	26.07M	35.78M	39.68M	—	—
Debt & Funding
Long-Term Debt	364.92M	315.47M	263.52M	337.07M	264.86M
Short-Term Debt	501.11M	481.59M	541.00M	415.00M	460.25M
Total Debt	1.07B	0.98B	0.96B	0.88B	0.82B
Current Portion of Long-Term Debt	195.20M	173.05M	148.72M	123.79M	94.55M
Equity & Book Value
Shareholders' Equity	2.26B	2.25B	2.24B	2.23B	2.21B
Total Common Equity	2.26B	2.25B	2.24B	2.23B	2.21B
Common Stock	1.80B	1.80B	1.80B	1.80B	1.80B
Retained Earnings	473.27M	462.21M	451.41M	440.15M	418.13M
Comprehensive Income & Other	-11.15M	-10.00M	-11.31M	-11.73M	-8.85M
Minority Interest	1.98M	2.10M	2.14M	4.66M	4.33M
Book Value Per Share	12.34	12.51	12.44	12.38	12.27
Tangible Book Value	1.71B	1.69B	1.68B	1.67B	1.66B
Tangible Book Value Per Share	9.30	9.41	9.34	9.30	9.20
Filing Date Shares Outstanding	183.38M	180.00M	180.00M	180.00M	180.00M
Total Common Shares Outstanding	183.38M	180.00M	180.00M	180.00M	180.00M
Working Capital	-94.74M	-64.48M	-114.62M	-38.65M	-77.76M