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Eastern Province Cement Co. announces its Interim Financial results for the Period Ending on 2025-09-30 ( Nine Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 299 | 289 | 3.46 | 311 | -3.858 |
| Gross Profit (Loss) | 58 | 80 | -27.5 | 93 | -37.634 |
| Operational Profit (Loss) | 38 | 62 | -38.709 | 77 | -50.649 |
| Net profit (Loss) | 36 | 51 | -29.411 | 63 | -42.857 |
| Total Comprehensive Income | 36 | 43 | -16.279 | 34 | 5.882 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 908 | 863 | 5.214 |
| Gross Profit (Loss) | 248 | 267 | -7.116 |
| Operational Profit (Loss) | 192 | 212 | -9.433 |
| Net profit (Loss) | 161 | 185 | -12.972 |
| Total Comprehensive Income | 129 | 181 | -28.729 |
| Total Shareholders Equity (after Deducting Minority Equity) | 2,285 | 2,432 | -6.044 |
| Profit (Loss) per Share | 1.87 | 2.15 | |
| 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 is due to: - Increase in the quantity of precast 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 decrease is due to: - Decrease in the average price of cement sales. - Increase in cost of revenue. - Increase in general and administrative expenses. - Increase in other expenses. - Decrease in gains from revaluation of investments at fair value through profit or loss. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The decrease is due to: - Decrease in the value of cement precast. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The decrease is due to: - Decrease in the average price of cement sales. - Increase in cost of revenue. - Increase in general and administrative expenses. - Increase in other expenses. |
| 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 the quantity and 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 decrease is due to: - Decrease in the average price of cement sales. - Increase in cost of revenue. - Increase in selling and marketing expenses. - Decrease in dividend and Murabaha income. - Increase in other expenses. - Decrease in gross profit due to an increase in cost of revenue. - Increase in Zakat expense. |
| 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 | During the current period, the Group identified a number of errors shown below, which were corrected in accordance with the requirements of International Accounting Standard (8) “Accounting Policies, Changes in Accounting Estimates and Errors”, adopted in the Kingdom of Saudi Arabia. Correcting the aforementioned errors led to retrospective adjustments to the comparative figures as of September 30, 2024. For more details refer to note number 21 |
| Additional Information | - |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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